Author: uzo.nzeogu

The Ibadan Electricity Distribution Company (IBEDC) has acknowledged the intermittent power supply and prolonged outages being experienced across its franchise areas, attributing the situation to reduced electricity load allocation from the national grid. In a statement issued on Wednesday, the The post IBEDC blames power outages on reduced grid allocation appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

The Director General and Chief Executive Officer of the Energy Commission of Nigeria (ECN), Dr. Abdullahi Mustapha, has inaugurated a three-day capacity building programme aimed at transforming and upgrading the Commission’s information processing techniques in line with the Federal Government’s The post ECN DG launches 3-day capacity-building programme to advance digital transformation appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Nigeria’s oil industry remained stuck at a neutral level last month as the country operated 41 rigs in November, down slightly from 43 in October and unchanged from a year earlier, Baker Hughes data stated. The post Nigeria’s oil rig count returns to 2024 level amid OPEC expansion appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Nigeria’s improving macroeconomic outlook is beginning to reshape investor perceptions of its energy sector, offering fresh momentum for gas development and upstream investment, Executive Director of Good Governance Africa, Dr Diran Bello, has said. The post ‘Macroeconomic stability will increase energy sector investment’ appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has defended the issuance of petrol import licences, insisting that domestic supply remains insufficient to meet national demand, even as President of Dangote Industries Limited The post NMDPRA, Dangote trade words on petrol import licences, local supply capacity appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

In a landmark ruling that could redefine corporate accountability in Nigeria’s oil and gas sector, a tribunal has ordered TotalEnergies EP Nigeria Limited to pay $285.2 million to the Nigerian National Petroleum Company Limited (NNPC), bringing to a close a The post How $285m TotalEnergies tribunal award is redefining oil governance in Nigeria appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

The Enugu Electricity Distribution Company Plc (EEDC) has attributed the recent decline in electricity supply across the South-East zone to gas constraints. In a statement issued on Tuesday by its Group Head, Corporate Communications, Emeka Eze, EEDC said the low The post EEDC traces recent decline in power supply to gas constraints appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

The House of Representatives Committee on Petroleum Resources (Downstream) has outlined a renewed legislative push to strengthen local refining, improve logistics efficiency and tighten regulatory oversight as part of efforts to stabilise Nigeria’s downstream petroleum sector ahead of 2026. The The post Reps panel insist on fuel supply sufficiency, boost in downstream petroleum efficiency appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Nigeria’s long-running electricity reform agenda is facing renewed strain as tariff politics, deep structural weaknesses and a growing The post Nigeria’s power reform stalls as tariff politics, N4tr debt deepen sector’s crisis appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

The Centre for the Promotion of Private Enterprises (CPPE) has said that the N4 trillion power sector debt is fiscally unsustainable without deeper structural corrections, improved transparency, and gradual but credible reform implementation. The Centre, in a policy brief on The post N4tr power sector debt fiscally unsustainable – CPPE appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article