The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), a key Federal Government agency, has announced the adjustment of domestic base price and wholesale prices of natural gas for 2024. The new rates, unveiled by NMDPRA Chief Executive Farouk Ahmed, see an increase to $2.42 per metric million British thermal […]
Energy
Nigeria is on the brink of yet another fuel scarcity crisis as the Nigerian Association of Road Transport Owners (NARTO) has declared its intention to halt the transportation of petroleum products from Monday. The decision, announced by Yusuf Othman, the President of NARTO, emanates from the escalating operational costs experienced […]
The Dangote Refinery, which is the Africa’s largest petroleum refinery, has taken a bold step towards profitability by announcing plans to export its first two fuel cargoes. The news came after much anticipation from Nigerians who have been eagerly waiting for the refinery’s contribution to the Nigeria’s economy since its […]
In a bid to enhance electricity generation, transmission, distribution, trading, and system operations in Nigeria, the Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), has recently granted 13 new licenses. These licenses cover various aspects of the power sector, including off-grid and embedded power generation, independent electricity distribution, and […]
Amidst widespread speculation in the recent months within the economic landscape, the Nigerian Electricity Regulatory Commission (NERC) has officially sanctioned the proposal to increase tariffs for the 11 Electricity Distribution Companies (DisCos) in the West African nation. Following the regulatory green light for tariff adjustments, the DisCos are poised to […]