NIGCOMSAT, Nigeria’s government-owned satellite company, has posted a striking jump in revenue; raking in ₦2.2 billion ($1.6 million) in 2025, up from just ₦650 million the previous year, CEO Jane Egerton-Idehen revealed. Yet the strong performance comes with a cloud of uncertainty. Nigeria’s only functioning communications satellite faces an unclear […]
Energy
TIME has named Nigerian innovator Damilola Ogunbiyi; CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All, and Co-Chair of UN-Energy, to its 2026 TIME Earth list, which recognizes six global leaders shaping climate action. In its fourth year, the Earth Awards stand as TIME’s top […]
The Federal Government has issued a firm directive barring electricity distribution companies (DisCos) and their installers from charging customers for electricity meters, warning that any official or contractor caught demanding payment will face prosecution. The Minister of Power, Adebayo Adelabu, made this clear during an inspection of newly […]
The Nigerian National Petroleum Company Limited (NNPC) has debunked claims suggesting that the Port Harcourt Refinery has not resumed operations, clarifying that the facility is currently producing at 90% of its 60,000 barrels-per-day (bpd) capacity. This translates to approximately 1.4 million liters of Straight-Run Gasoline (Naphtha) for petrol blending, alongside […]
Nigeria’s petrol prices have surged despite a recent 20.34% drop in the landing cost of Premium Motor Spirit (PMS) to N971.57 per litre, as revealed in the November 8, 2024, report from the Major Energy Marketers Association of Nigeria (MEMAN). The unexpected rise in pump prices has drawn sharp criticism […]
The Nigerian Electricity Regulatory Commission (NERC) has granted permits to various companies, including MTN Communications Nigeria Plc and Golden Penny Power Limited, to generate mini-grid electricity. This initiative is part of efforts to boost off-grid power solutions in the country. According to NERC’s report for the first quarter of 2024, […]
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has issued a grave warning, predicting that the current scarcity of Premium Motor Spirit (PMS) may continue for up to two more weeks. The Public Relations Officer of IPMAN, Chinedu Ukadike, revealed this alarming news in response to the widespread shortage of […]
Indications suggest that domestic airlines operators could soon be slashing ticket prices for passengers, thanks to the forthcoming supply of aviation fuel, Jet A1, by Dangote Refinery. The recent years witnessed a continual surge in jet fuel costs, compelling indigenous carriers to hike ticket prices to sustain operations. On February […]
The National Union of Electricity Employees (NUEE) has issued a stern warning, declaring a looming nationwide blackout if the Nigerian Government does not reverse the recently approved electricity tariff increase. In a statement delivered by its acting General Secretary, Dominic Igwebike, NUEE directly informed the Minister of Power, Adebayo Adelabu, […]
Doctors and staff at the University College Hospital (UCH) in Ibadan, Oyo State, have implemented reduced work hours following the hospital’s admission of owing up to N495 million to the Ibadan Electricity Distribution Company (IBEDC). The outstanding debt led to the disconnection of the hospital from power supply, prompting the […]