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June 10, 2025 No Comments

VP Shettima urges Vitol Group to back $25 billion Nigeria-Morocco Gas Pipeline

Vice President Kashim Shettima on Monday met with executives of the Vitol Group at the Presidential Villa in Abuja, where he called on investors to tap into Nigeria’s vast gas sector potential.

He disclosed that the Federal Government is actively advancing the $25 billion Nigeria-Morocco Gas Pipeline project, designed to supply natural gas to Europe.

According to him, the initiative aligns with President Bola Tinubu’s bold economic reforms, which have positioned Nigeria as a key investment hub in the global energy market.

“In the past 25 years, we haven’t had a leader as courageous as President Tinubu—he removed fuel subsidies, unified exchange rates, and initiated tax reforms,” Shettima said in a statement signed by Senior Special Assistant to The President on Media & Communications (Office of the Vice President), Stanley Nkwocha on Monday.

He urged global investors to support Nigeria’s energy transition, describing the gas sector as a model of stability and transparency.

The Vice President said, “I will urge you to key into our nation’s energy transition programme. I want you to utilise your dominance in the Liquefied Natural Gas (LNG) and Associated Petroleum Gas (APG) sub-sectors. The world is changing, and ours is actually a gas and not an oil economy. We have the eighth-largest gas reserve in the world. We really want to harness the potential in the gas sector fundamentally because of the stability and transparency in that arena.

“The Nigeria Liquefied Natural Gas Limited (NLNG) has been largely insulated from government interference. What we are getting from the NLNG is so predictable. This is why we are seriously exploring the option of taking our gas to Europe.”

The Vice President emphasized that the government is seeking not just capital, but also technical expertise for the project.

“We urge you to use your influence, contacts, and goodwill to mobilise resources for this project. It will be a completely transparent management structure. I will urge you to come on board with this project,” VP Shettima said, he told the Vitol delegation.

Vitol Group pledges continuous collaboration with Nigeria
In response, Vitol Group’s Chief Financial Officer, Jeffrey Dellapina, reaffirmed the company’s long-standing commitment to Nigeria.

“We do want to maintain an understanding that Vitol is committed, and we are always available to deploy capital when needed. We want to say that Vitol is committed to this country, and we want to stay in this country and evolve with you,” Dellapina said.

Also speaking, Murtala Baloni, Vitol’s Head of Public Affairs, highlighted the firm’s ongoing collaboration with Nigerian entities. He noted Vitol’s role as a key financier of Project Gazelle—a crude oil-backed forward-sale facility by the NNPC Limited—where it contributed $300 million during the COVID-19 pandemic.

What you should know
In June 2018, Nigeria and Morocco signed three agreements, which includes the Nigeria Morocco Gas Pipeline (NMGP) that will see Nigeria providing gas to countries in the West Africa sub-region that extend to Morocco and Europe

The line will pass through 15 African countries, boosting trade, development, and access to electricity in the region.
In Phase One, it will link Morocco to gas fields near Senegal and Mauritania, and connect Ghana to the Ivory Coast.
Phase Two will link Nigeria to Ghana, while Phase Three will connect the Ivory Coast to Senegal.
Morocco and Nigeria have set up a joint venture to manage the project.
At about 5,660km long, the pipeline is designed to reduce gas flaring in Nigeria and encourage diversification of energy resources in the country, while cutting down poverty through the creation of more job opportunities.

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June 10, 2025 No Comments

Dangote names road to its mega petroleum refinery after President Tinubu

The Chairman of the Dangote Group, Aliko Dangote, has announced that the road leading to the state-of-the-art Dangote Petroleum Refinery & Petrochemicals will be named after President Bola Ahmed Tinubu in honour of his contribution to the project.

Dangote hailed Tinubu for his unwavering support of the private sector and credited him as the visionary behind the Free Trade Zone during his tenure as Governor of Lagos State.

Dangote made the announcement during President Tinubu’s tour of the Dangote Petroleum Refinery and Petrochemicals, which coincided with the official commissioning of the Deep Sea Port Access Road on Thursday, June 5, 2025.

This strategic road links the Lekki Deep Sea Port, the Free Trade Zone, and the Dangote Refinery to the Sagamu–Benin Expressway via Ijebu Ode.

Dangote told the President, “The Dangote refinery complex is, in many ways, your brainchild. Mr President, let me just say one thing — the main road leading into our refinery is now to be known as Bola Ahmed Tinubu Road.”

Following the announcement, President Tinubu rose to shake hands with Dangote in a moment that drew applause from the dignitaries in attendance.

Dangote spending N900 billion on road projects
Dangote also revealed that, despite paying N450 billion in taxes last year, the Group is committed to spending N900 billion on road infrastructure across Nigeria. He said the Deep Sea Port Access Road is one of several roads built and being developed by the Dangote Group under the Federal Government’s tax credit scheme.

The Dangote Group is currently the highest tax-paying company in Nigeria, contributing more in taxes than all the country’s banks combined.
According to Dangote, the Deep Sea Port Access Road is one of eight major road projects totalling 500 kilometres, including two in Borno State that will eventually link Nigeria to both Chad and Cameroon.
He praised President Tinubu’s leadership, describing him as a courageous leader whose administration has revived investor confidence in the private sector.
Dangote thanked the President for envisioning and implementing the Lekki Deep Sea Port project and assured him of the private sector’s support for expanding infrastructure nationwide.

Tinubu hails Dangote Refinery
Commissioning the concrete road to the Lekki Deep Sea Port, President Tinubu hailed the Dangote Petroleum Refinery as a “remarkable achievement,” calling it “a great point of reference, a phenomenal project of our time, and a massive investment” that exemplifies Nigeria’s potential for industrial and economic transformation.

President Tinubu said, “Having inspected the Dangote refinery, which is a great point of reference, a great phenomenon of our time and a massive investment, I want to thank Aliko Dangote. I am happy that the Deep Sea Port I initiated as Governor of Lagos State is a huge success today. Users save vast amounts of money using this port because they no longer need to trans-ship their goods. I commend the quality of the access road done by Messrs Dangote Industries Limited on our Tax Credit Road programme and the subcontractor, Messrs Hitech Construction Company Limited.”

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June 10, 2025 No Comments

Energy security: Nigeria, Angola to lead Africa’s drive as refining capacity set to hit 90% – AFC

Nigeria and Angola are emerging as key players in Africa’s energy transformation, poised to lead the continent’s push for energy security as refining capacity is projected to rise significantly, reaching up to 90%.

This projection was made in the Africa Finance Corporation’s (AFC) newly-released report “State of Africa’s Infrastructure Report 2025”.

The AFC stated, “If fully utilized, refining capacity could meet up to 90% of the continent’s fuel demand—compared to just 45% last year.”

“First, brownfield upgrades: over $16 billion is needed to modernize existing refineries, meet clean fuel standards, and reduce reliance on imports. Second, greenfield investment is key to meeting future demand, with Nigeria and Angola emerging as new continental hubs.”

Dangote Refinery crucial in leading the charge
According to the report, the key to achieving energy security is the state-of-the-art Dangote Refinery facility, which has a processing capacity of 650,000 barrels per day.

The state of the continent’s refining industry has left it heavily dependent on imports of petroleum products, which are still subsidized in several countries.

According to the report, “In 2023, 55% of Africa’s demand for petroleum products was met by imports. However, if refining capacity were fully utilized, this number could drop to only 10%. In that regard, the commissioning of the Dangote Refinery, along with the gradual re-opening of the Port Harcourt and Warri Refineries in Nigeria (2024-2026) could significantly transform the continent’s fuel security landscape in the short term.”

The AFC noted further, stating “the sector’s growth is closely tied to the modernization of existing refineries in West and Central Africa, overcoming feedstock and financing challenges for new projects, and addressing critical infrastructure bottlenecks in transportation and distribution networks.

“To achieve fuel security and meet the continent’s increasing demand, Africa must prioritize investment in refinery upgrades, develop efficient distribution systems—including pipelines, railways, and diversified port infrastructure. As new energy infrastructure is built, it must also be resilient and capable of supporting future energy transitions. The successful integration of these elements will be crucial for achieving long-term fuel security and energy independence across the continent,” AFC stated.

What you should know
In May 2023, Africa’s largest oil refinery, the Dangote Refinery, was commissioned in Nigeria, with hopes that it would help alleviate the country’s chronic fuel shortages.

On Thursday, President Bola Ahmed Tinubu lauded the Dangote Petroleum Refinery, describing it as a “great point of reference, a great phenomenon of our time, and a massive investment” that showcases Nigeria’s capacity for industrial greatness and economic transformation.

The President thanked the owner, Alhaji Aliko Dangote, for his interest in developing the country through continuous investments.

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April 28, 2025 No Comments

NNPC Gas Limited set to acquire 5.2 million standard cubic feet per day CNG facility

NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC), is set to acquire a 5.2 million standard cubic feet per day Compressed Natural Gas (CNG) compression and refuelling facility from Gas Network Services Limited (GNSL).

This development, disclosed in a merger and acquisition notice issued by the Federal Competition and Consumer Protection Commission (FCCPC), marks a significant move towards expanding Nigeria’s CNG infrastructure and improving access to cleaner energy alternatives.

GNSL, the current operator of the facility, specializes in providing virtual pipeline solutions by compressing natural gas and delivering it to industrial and commercial customers via mobile tube trailers.

The facility also includes dispensing points for refuelling natural gas vehicles (NGVs), catering primarily to clients outside the reach of traditional pipeline networks.

A boost for the government’s CNG initiative
By acquiring the facility, NGML aims to bolster its role in the marketing and distribution of natural gas across Nigeria.

The transaction is expected to strengthen the CNG market by increasing infrastructure capacity, making CNG more accessible and affordable, particularly for the transport and commercial sectors.
The acquisition aligns closely with the objectives of the Presidential Compressed Natural Gas Initiative (P-CNG Initiative), launched in August 2023.

The Initiative was introduced to cushion the impact of fuel subsidy removal and reduce energy costs nationwide by promoting the adoption of CNG as a cleaner and cheaper alternative to traditional fuels.
NGML’s move is seen as a strategic step towards accelerating the rollout of CNG infrastructure across the country, supporting national efforts to foster a more sustainable and cost-effective energy landscape.
The FCCPC noted that the transaction could have a significant impact on the competitive dynamics of the CNG market, but ultimately promises to benefit consumers through expanded access to cleaner energy solutions.

What you should know
As part of government’s efforts to boost the country’s CNG capacity, the Presidential Compressed Natural Gas Initiative (P-CNGi) and LNG Arete Ltd. recently signed a pivotal Memorandum of Understanding (MoU) for a $27.3 million gas plant project aimed at expanding compressed natural gas (CNG) infrastructure across Northern Nigeria.

The is aimed at addressing the region’s long-standing energy challenges, particularly in the transportation and industrial sectors, which have struggled with limited access to reliable and affordable energy.

Recall that President Bola Tinubu established the P-CNGi in August 2023 to revolutionize the transportation landscape in the country, targeting over 11,500 new CNG-enabled vehicles and 55,000 CNG conversion kits for existing PMS-dependent vehicles.

The initiative is also expected to boost local manufacturing and assembly of conversion kits while creating jobs for the country’s populace.

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April 28, 2025 No Comments

Katsina spends N3.8 billion on solar power projects for Government House, others

The Katsina State Government has spent a total of N3.8 billion on various electricity-related infrastructure projects, with a major focus on renewable energy, particularly solar power, across the state.

This was disclosed by Malam Faruq Lawal-Jobe, the Deputy Governor of Katsina State, while speaking to journalists in Katsina on the achievements of Governor Dikko Umaru Radda’s administration in the energy and infrastructure sectors, News Agency of Nigeria (NAN) reports.

Lawal-Jobe noted that one of the major projects under the renewable energy initiative is the deployment of solar mini-grids to critical government institutions, including the General Hospital Katsina, the Government House, and the State Secretariat Complex, at a combined cost of N3.8 billion.

“In an effort to provide a sustainable power solution to critical facilities of government, viable mini-grid solar-powered projects are ongoing at General Hospital Katsina, Government House, and the State Secretariat Complex at the cost of N3.8 billion,” he said.

Street Lighting and Urban Electrification
The Deputy Governor further disclosed that the administration has invested significantly in solar street lighting projects to enhance security and public infrastructure. These include the installation of 74 kilometers of solar street lights within Katsina metropolis and an additional 11 kilometers from Al-Qalam University Roundabout to Darma Rice Mill.

He added that the government is also rehabilitating and expanding the conventional power grid infrastructure in various communities across the state. These efforts include:

Supply and installation of new transformers
Laying of electric cables and routine maintenance
Change of power supply routes in areas such as Yan Albasa, Eka, and Kadandani to Kuraye, covering 17 kilometers, aimed at restoring electricity in Charanchi Local Government Area
Security and Restoration Projects
To enhance public safety, the state has also constructed a Japarana Concrete Technology structure for protecting security lighting systems within the Median Strips of Ring Road Phase I ‘A’ and ‘B’ in Katsina metropolis.

The government has also undertaken the repairs of vandalized high-tension lines, particularly along the eight-kilometer stretch from Iyatawa to Remawa, restoring power supply to Iyatawa ward in Rimi Local Government Area.
Lawal-Jobe announced that the government has awarded a contract for the digital mapping of power lines and GPS-based tracking of all line materials and transformers procured under the administration.
In addition, the government has replaced 33KV breakers and accessories at Umaru Musa Yar’adua University, enabling full restoration of power to the tertiary institution.
The Deputy Governor affirmed that Governor Radda’s administration is deeply committed to expanding access to electricity, especially in rural communities, to boost economic activities, improve security, and elevate the standard of living for residents of the state.

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April 28, 2025 No Comments

Nigeria’s oil and gas industry faces rising data breach risks – New report warns

A new legal research paper has raised alarm over the increasing exposure of Nigeria’s oil and gas industry to data breaches and cybersecurity threats, warning that poor data governance could jeopardize the country’s most strategic economic sector.

The paper, authored by data protection lawyer and privacy expert Lynda Ugo Ezike (CIPP/C), argues that the digitization of Nigeria’s oil and gas operations has opened the sector to a wave of cyberattacks, surveillance risks, and legal liabilities tied to the misuse or unauthorized access to personal and sensitive data.

Published under the title “The Significance of Data Protection and Information Security in Nigeria’s Oil and Gas Industry: Legal Considerations,” the report explores how oil and gas companies in Nigeria, while adopting emerging technologies like cloud computing, artificial intelligence, and IoT, are falling short of the data protection responsibilities imposed by Nigerian law.

“Nigeria’s oil and gas companies are now classified as data controllers and processors of major importance under the Nigeria Data Protection Act (NDPA) 2023. This means they face stricter regulatory obligations, and failure to comply could attract fines of up to N10 million or 2% of their annual gross revenue,” Ezike wrote in the paper.

Critical infrastructure, digital vulnerability
With the sector contributing significantly to government revenue, exports, and GDP, the report warns that any data breach or cybersecurity incident can have devastating ripple effects across the economy.

Referencing a 2021 cyberattack on the Nigerian National Petroleum Corporation (NNPC), where hackers reportedly encrypted sensitive operational data and demanded a ransom, the paper illustrates how vulnerable Nigeria’s energy assets have become.

Legal gaps and compliance failures
While Nigeria has made strides with the enactment of the NDPA and the creation of the Nigeria Data Protection Commission (NDPC), the paper notes that existing oil and gas regulations—particularly the Petroleum Industry Act (PIA) 2021—only cover customer data, leaving out other important categories such as employees, contractors, and host communities.

“The PIA references data protection in Section 164, but its scope is limited to customer information in midstream and downstream operations,” Ezike explains. “This leaves a gap for upstream activities and broader data subject categories.”

The report calls for sector-specific data protection regulations, arguing that a one-size-fits-all approach fails to account for the operational complexities and data sensitivity levels across upstream, midstream, and downstream segments.

Key risk areas in the industry
The report outlines eight areas in which oil and gas companies are most vulnerable to data breaches and legal liabilities. These include:

Human resources (handling biometric and health records)
Third-party contractors and cloud vendors
Customer payment and financial data
Health, Safety and Environment (HSE) systems
Transborder data transfers
Surveillance systems (CCTV and drone footage)
Visitor management systems
Company websites and cookie tracking tools
Each of these areas, according to the paper, involve the collection, storage, processing, or transfer of personal data—activities which are now legally regulated under the NDPA.

Recommendations for the industry
To avert major data protection failures, the report recommends several compliance and governance strategies, including:

The development of industry-specific data protection guidelines in partnership with the NDPC
Adoption of third-party data processing agreements with vendors and contractors
Staff training on data privacy rights and breach protocols
Implementation of annual data audits, privacy impact assessments, and use of privacy-enhancing technologies
Certification through recognized schemes such as ISO 27701 or BBBOnline
The report also emphasizes the importance of having incident response plans and designating Data Protection Officers to oversee compliance within oil and gas firms.

Why it matters
The push for stronger data protection comes at a time when Nigeria is seeking to deepen investor confidence in its oil and gas sector amid global shifts in energy investment.

With digitization now central to exploration, refining, logistics, and payments, a major breach could affect everything from fuel supply chains to international financing deals.

“The everyday existence of Nigerians is powered by the oil and gas sector, and any malicious cyber intrusion can cause serious economic and social disruption,” Ezike warns.

The NDPC has also stepped-up enforcement in 2025, signaling that non-compliance will no longer be treated lightly.

As Nigeria positions itself as Africa’s largest oil producer and a digital leader in energy innovation, experts say protecting data in the sector will be just as important as securing the pipelines.

Industry News Power Production
March 7, 2025 No Comments

NNPCL imports over 200 million Litres of Petrol in February despite refinery overhaul

A confidential report exclusively obtained by Nairametrics from a reliable source tracking the movements of motor tanker vessels, which monitors cargo tanks entering the country, revealed that the Nigeria National Petroleum Company Limited (NNPCL) has imported 159,000 metric tons of Premium Motor Spirit (also known as petrol) between February 1, 2025, and February 12, 2025.

Based on a standard conversion of 1,341 litre per metric ton, this translates to approximately 213 million litres of petrol, imported by the state-owned oil company according to the Motor Tanker Vessels report.

The revelation comes at a time Dangote Refinery is locked in a legal dispute with NNPCL and major oil marketers over the importation of refined petroleum products, which are already being produced locally without any shortfall.

The report’s breakdown shows that on Monday, February 10, NNPCL received two cargoes carrying 37,000 metric tons of PMS each. That is a total of 99.2 million litres.

On Saturday, February 8, it received a cargo of 20,000 metric tons of PMS, which equals 26.82 million litres.

On Wednesday, February 12, it received another cargo of 37,000 metric tons of PMS, which is approximately 50 million litres.

While the aforementioned cargoes were received in the Lagos ports, NNPCL received a cargo of 20,000 metric tons of PMS at the Calabar port on February 5. 20,000 MTS equals 26.82 million litres.

NNPCL has imported over 40 million metric tons of diesel in February
The data also shows that NNPCL has imported 40,000 metric tons of Automotive Gas Oil (diesel) so far in February. This is over 40 million litres of diesel.

The national oil firm received two shipments+ of AGO on February 3. One supplied 15,000 MT, while the second supplied 25,000 MT.

Other oil and gas retail and logistics companies also received shipments of both PMS and AGO. They include Rainoil, WOSBAB, MENJ, and FRADO, among others.

Nigeria spends N407 billion on petrol imports in 12 days
According to information from a source, despite the January 2025 deadline set by the Economic Community of West African States (ECOWAS) for the adoption of cleaner fuels and vehicles to reduce air pollution across the region, Nigeria has continued to import petroleum products that exceed the permissible sulphur limit under this regulation.

Energy experts and policy analysts have expressed concern that the Nigerian National Petroleum Company Limited (NNPCL) and other marketers spent over N407.4 billion to import 302.7 million litres of petrol (PMS) and 104.8 million litres of diesel during the first 12 days of February.
This follows an ongoing trend of imports, with the country spending more than N5.5 trillion to import a total of 3,203,698.41 metric tonnes of petrol and 980,485 metric tonnes of diesel between October 1, 2024, and January 31, 2025.
In 2020, ECOWAS leaders convened in Ouagadougou, Burkina Faso, to establish a January 2025 deadline for the adoption of cleaner fuels and vehicles in the region to tackle air pollution. Domestic refineries and importers were expected to comply with a sulphur fuel standard of 50 parts per million (ppm) for petrol and diesel for all imported fuels from 1 January 2025. This was seen as a significant step for the region, as some countries still permit the importation of diesel with sulphur levels of up to 10,000 ppm.
An industry expert pointed out that the NNPCL and other importers continue to bring in petroleum products that exceed the permissible limit under the regulation. He added that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has deliberately remained silent on the issue, despite Nigeria’s leadership within ECOWAS, and continues to allow the importation of substandard products.

“It is an embarrassment to the leadership of ECOWAS that Nigeria has failed to lead by example. Why are we still importing adulterated products, polluting the air, and exposing over 200 million Nigerians to danger when we now have local refineries capable of producing high-quality products?” he queried.

Why should NNPCL be importing?
According to a report from the source, a senior government official stated that the continued importation of refined petroleum products below ECOWAS’s stipulation, despite the restart of the Port Harcourt and Warri refineries, raises questions about the sincerity of NNPCL.

He questioned the company’s expenditure of over N126.5 billion to import more than 136.7 million litres of petrol in a single day, despite Nigeria’s daily petrol consumption being only 30 million litres.
He said, “NNPC claims to have reactivated two of its refineries. However, it continues to import petroleum products into Nigeria. On 10 February, NNPC imported over 100,000 metric tonnes of petrol. Given that Nigeria’s monthly consumption has now decreased to around 800,000 tonnes, it is perplexing why NNPC continues to import such large volumes. More importantly, it is strange that a company with two ‘functional’ refineries would continue to do so.”

The official, who called for an investigation, added that President Bola Tinubu and the Minister of State for Petroleum Resources, Heineken Lokpobiri, need to pay closer attention to the activities of NNPCL, which he suggested contradict the economic policies of the Tinubu-led administration.
“NNPC is owned by Nigerians, and the company must be accountable to them for the optimal use of the resources under its care. They must particularly explain what has been achieved with the substantial funds spent on the refineries,” the official concluded.

What you should know
In December 2024, the NNPCL announced the restart of the 125,000 barrels per day (bpd) Warri Refinery and Petrochemical Company (WRPC), which was approved for rehabilitation in 2021 for $897 million. This announcement followed reports that the Port Harcourt refinery’s 60,000 bpd phase one had begun refining key fuels. Nigeria operates four national refineries: one in Kaduna, one in Warri, and two in Port Harcourt.

The refurbishment of these refineries, in addition to the operations of the Dangote refinery, was expected to reduce Nigeria’s importation of petroleum products and make the country fuel-independent.

However, the importation of refined products continues on a large scale despite the growing number of local refineries.

News Power
March 7, 2025 No Comments

Group alleges plot to disrupt crude oil supply to local refineries across Nigeria

A group known as Concerned Nigerians has alleged that there is a plot to disrupt crude oil supply to local refineries in Nigeria.

The group’s National Coordinator, Obinna Francis, made this known in a statement on Monday, alleging that they had uncovered a “sinister plot to stop the supply of crude oil to domestic refineries.”

The group acknowledged the contribution of local refineries to Nigeria’s economic growth under President Tinubu, stating that this progress requires vigilance against any “cabal” allegedly working with importers to deny local refineries access to crude oil.

Tinubu’s Oil and Gas Reforms Must Be Guarded Jealously
According to Francis, the success of domestic refineries in Nigeria has led to a reduction in fuel prices, which in turn has lowered the cost of food items.

He expressed shock that certain unnamed individuals were allegedly plotting to undo the gains achieved under President Bola Ahmed Tinubu’s economic reforms.
“Such a sinister plot can only be driven by a desire to return Nigeria to the era of petrol importation and even the reintroduction of subsidies.

“This is because cutting off crude oil supply to domestic refineries would create a shortage of refined products, forcing the country to resume fuel imports,” he stated.

He warned that such actions could undermine Nigeria’s collective economic well-being.
The group called on the President and the Department of State Services (DSS) to ensure that no one, knowingly or unknowingly, disrupts crude oil supply to local refineries, so that the economy is not destabilized.
“We salute Mr. President and pass a vote of confidence in him for his impact in driving Nigeria toward energy sustainability, especially in the oil industry. The sector has revived to a point where Nigerians no longer experience harrowing times at petrol stations,” he added.

He stressed that oil and gas reforms must be protected, ensuring that no group or individuals are allowed to undermine the achievements recorded in the sector.
What You Should Know
Nigeria is gradually becoming a petroleum refining hub in West Africa, thanks to the commissioning of the Dangote Refinery and other private and state-owned refineries.

However, private refineries continue to struggle to secure sufficient feedstock for their operations.
Nairametrics reported that the increasing refining capacity of the Dangote Refinery has helped Nigeria reduce its fuel imports.
Nigeria’s gasoline imports have dropped to their lowest level in almost eight years.
In addition to meeting domestic demand, the Dangote Refinery is also exporting refined petroleum products to other countries, including Ghana, Togo, Cameroon, South Africa, Angola, and several European nations.
The Nigerian National Petroleum Company Limited (NNPCL) recently denied reports that it imported over 200 million litres of Premium Motor Spirit (PMS), also known as petrol, in February 2025.

NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, clarified that while the company has not imported PMS in 2025, it retains the right to do so if necessary.

He emphasized that NNPCL has a responsibility to ensure energy security in the country and would intervene with imports if fuel shortages arise to stabilize the market.

News Power
March 7, 2025 No Comments

Nigeria’s power generation peaks at 5,713.6MW, sets new daily energy record – TCN

The Transmission Company of Nigeria (TCN) has announced that the country’s power sector achieved a new peak generation of 5,713.6 megawatts (MW) on March 2, 2025, successfully transmitted across the national grid.

According to a statement issued by TCN’s management, this new peak surpasses the previous peak generation of 5,543.20MW recorded on February 14, 2025, by 170MW.

However, it remains 88MW lower than Nigeria’s all-time maximum peak generation of 5,801.60MW, achieved on March 1, 2021.

“This was recorded on Tuesday, March 2, 2025 at 21:30 hours, with the new generation peak of 5,713.6 megawatts (MW), surpassing the previous peak generation of 5,543.20MW achieved on February 14, 2025, by 170MW,” the management said in a statement on Tuesday.

Additionally, Nigeria’s electricity industry recorded its highest-ever daily energy transmission, reaching 125,542.06 megawatt-hours (MWh) on March 2, 2025. This surpasses the previous record of 125,159.48MWh, set on February 14, 2025, by 382.58MWh.

“Furthermore, a new record for the new daily energy ever attained in the history of the electricity industry in Nigeria was also set yesterday, with a total of 125,542.06 megawatts-hours (MWh). This surpasses previous record of 125,159.48 (MWh) achieved on February 14, 2025, by 382.58MWh,” in a statement signed by Management.

Implications for Nigeria’s Power Sector
The new milestone signals an improvement in power generation and transmission capabilities, reinforcing efforts to stabilize Nigeria’s electricity supply.

Analysts urge the government and stakeholders to implement policies that address these bottlenecks to ensure that increased generation translates to improved electricity access for homes and businesses.

More insights
Previously, reported last month that TCN announced a new peak generation of 5,543.20 megawatts (MW).

The General Manager of TCN, Ndidi Mbah noted that this new record surpasses the previous peak of 5,478.73MW.
Mbah further explained that the new Maximum Daily Energy of 125,159.48 megawatt-hours (MWH) is the highest ever recorded in the nation’s electricity industry, exceeding the previous record of 121,674.88MWH on February 7, 2025, by 3,484.60MWH.
She confirmed that TCN has successfully transmitted the new peak generation and maximum daily energy to the distribution companies’ load centers nationwide for onward distribution to customers.
On January 8, 2021, the Transmission Company of Nigeria (TCN) announced that it achieved a peak transmission of 5,552.80 MegaWatts (MW) as reported by Nairametrics.

Mbah noted that this achievement reflects growth in Nigeria’s electricity distribution, noting that TCN has a transmission potential of 8,100 MW.

TCN enhanced peak transmission at a frequency of 50.08Hz where Mbah confirms that the peak transmission surpasses the record set on 30 October 2020, which was 5,520.40MW.

News Power
February 2, 2025 No Comments

Nigerians to be hit by another electricity tariff hike after jumbo band A increase

Nigeria’s power prices need to rise by about two thirds for many customers to reflect the cost of supplying it and an increase can be expected within months, President Bola Tinubu’s special adviser on energy said.

Higher electricity tariffs, which need to be balanced by subsidies for less-affluent consumers, are required to fund the maintenance needed to improve reliability and to attract private investors into power generation and transmission, said the adviser, Olu Verheijen.

“One of the key challenges we’re looking to resolve over the next few months is transitioning to a cost-efficient but cost-reflective tariff,” Verheijen said in an interview in Dar es Salaam, Tanzania, this week. This is needed “so the sector generates revenue required to attract private capital, while also protecting the poor and vulnerable,” she said.

Tinubu has already taken a number of steps to ease the burden on state finances and encourage private investment since taking office in May 2023, including removing subsidies on motor fuel. Power prices were already tripled for some customers last year.

While Nigeria, a nation of about 237 million people, has an electricity access rate of around 62%, an erratic grid supply limits productivity and disrupts daily life.
The move to raise tariffs comes amid mounting pressure from Nigeria’s debt-burdened electricity distribution companies for tariffs to be cost-reflective so they can improve their finances.

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The country privatized generation and distribution in 2013, yet prices set by the government’s Nigeria Electricity Regulatory Commission don’t cover the suppliers’ costs. Government subsidies cover some of the difference, but profitability is hard to achieve.

Verheijen was in Tanzania attending a World Bank-backed conference where Nigeria presented a $32 billion plan to boost electricity connections by 2030. Private investors are expected to contribute $15.5 billion and the rest will come from public sources, including the World Bank and African Development Bank.

Nigeria’s power industry needs significant investment to achieve its development aims, Verheijen said. Of the country’s 14 gigawatts of installed power, only 8 gigawatts can be transmitted around the country and just four or five gigawatts can be directly delived to homes and businesses, she said.

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