19 December 2025 The Office of the Special Adviser to the President on Energy welcomes the issuance of the first bond under the Presidential Power Sector Debt Reduction Programme. Issued by NBET Finance Company Plc, a Special Purpose Vehicle (“SPV”) of the Nigerian Bulk Electricity Trading (NBET) Plc, the ₦590 billion Series 1 Power Sector […]Read More
December 19, 20255 Nigeria expects a budget deficit worth 4.28% of gross domestic product in 2026, President Bola Tinubu said as he announced the government’s 58.18 trillion naira ($40 billion) spending plan aimed at consolidating economic reforms and boosting growth. The deficit will come to roughly 23.85 trillion naira, he told lawmakers on Friday. The […]Read More
December 18, 2025 Seplat Energy Plc has appointed Saidu Mohammed and Larry Ettah as Independent Non-Executive Directors, effective 1 January 2026. The signed statement was disclosed by its secretary, Edith Onwuchekwa, on Wednesday. The appointments followed the resignation of Bello Rabiu and Babs Omotowa, who left the Seplat board after being appointed to the NNPCL […]Read More
December 18, 2025 U.S. natural gas futures have reversed their recent decline, climbing more than 3% on Thursday to trade above $4 per MMBtu thanks to near-record flows of natural gas to LNG export plants. Gas deliveries to the eight major U.S. LNG facilities have averaged 18.6 Bcf/d so far this month, above November’s average at 18.2 […]Read More
President Bola Ahmed Tinubu has appointed Musiliu Oseni as Nigerian Electricity Regulatory Commission (NERC) Chairman and approved the reconstitution of the Board following the Senate’s confirmation of its members on December 16. Members of the reconstituted Board are: Mulisiu Olalekan Oseni, PhD. — Chairman. He started his service as a Commissioner in January 2017. He […]Read More
Dec 17, 2025 For years, perovskites have been hailed as the “holy grail” of solar energy thanks to their promise of highly efficient and cheaper solar cells. Perovskites are a class of materials with similar crystalline structures with high superconductivity, high magnetoresistance, and high ferroelectricity, making them a potential replacement for silicon. Perovskite thin-film PV panels […]Read More
December 16, 2025 French oil and gas supermajor TotalEnergies is expanding its cooperation with Google and its footprint in long-term power purchase agreements after signing a 21-year PPA to provide renewable energy to the hyperscaler’s data centers in Malaysia. On Tuesday, TotalEnergies announced the new deal with Google, which will see the energy giant supply Google with a total […]Read More
…Aba, Abuja, Eko, Ikeja and Port Harcourt DisCos scores above 60% Accurate electricity metering is the foundation of fair billing, revenue assurance, and consumer trust in any power system. Without meters, estimated billing thrives, disputes escalate, and confidence in the electricity market erodes. The latest Nigerian Electricity Regulatory Commission (NERC) factsheet on customer metering for […]Read More
Dec 15, 2025 Key crude prices in the Middle East have dropped to their weakest level against the Brent benchmark in two months, signaling oversupplied markets as output from both the Middle East and the Americas rises amid tepid demand. The premium of Abu Dhabi’s flagship Murban grade over Brent, the international benchmark, has narrowed in recent […]Read More
December 15, 2025 The European Union on Monday slapped sanctions on nine entities and individuals for supporting Russia’s shadow fleet moving oil, as the bloc seeks to further restrict Moscow’s ability to generate revenues from energy exports. The Council of the EU sanctioned five individuals and four entities responsible for supporting Russia’s shadow fleet and its value […]Read More
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