Chemical Engineers seek private control of moribund refineries
By Providence Ayanfeoluwa The Nigerian Society of Chemical Engineers (NSChE) has called on the Federal Government to adopt a transparent, competitive and time-bound privatisation process for Nigeria’s moribund state-owned refineries, with majority private ownership and professional management. The society’s National President, Engr. Bayo Olarewaju-Alo, made the call at a press conference titled, “Nigeria’s Moribund Refineries […]
Nigeria’s average oil output rises 7% to 1.652m bpd in 11 months
By Udeme Akpan, Energy Editor Nigeria’s average oil output, including condensate, increased year-on-year to 1.652 million barrels per day in the first 11 months of 2025, from 1.544 million bpd in the corresponding period of 2024, indicating a 7 percent increase. Despite this, Nigeria did not meet its 2025 budget target of 2.06 million bpd during […]
5.36m electricity customers remain without meters — NERC
By Obas Esiedesa, Abuja The Nigerian Electricity Regulatory Commission (NERC) has disclosed that 5.36 million electricity customers nationwide remain without meters, leaving them exposed to the unpredictable estimated billing methods by distribution companies (DisCos). According to the Commission’s third-quarter 2025 industry report published on its website, as of 30 September 2025, only 6.662 million of the 12.030 […]
How GenCos’ $6trn debt, state electricity markets dominated 2025
In 2025, despite persistent challenges of poor power supply, ageing infrastructure and deepening illiquidity, the Nigerian Electricity Supply Industry (NESI) was largely shaped by two defining developments:
SEC to intensify market enforcement in 2026 under ISA — DG
By Peter Egwuatu The Securities and Exchange Commission (SEC) has announced plans to significantly step up enforcement of market rules in 2026, following the enactment of the Investments and Securities Act (ISA) 2025, as part of efforts to strengthen investor confidence and market integrity. The Director-General of the SEC, Dr. Emomotimi Agama, disclosed this while outlining […]
Prices ease, optimism rises as firms, consumers see brighter 2026
•High interest rates persist By Elizabeth Adegbesan There are fresh signs of cautious optimism in Nigeria’s economy as both consumers and businesses reported improving sentiments in December 2025, driven by moderating prices, better economic outlook and rising confidence in macroeconomic stability, even as concerns linger over high interest rates on bank loans. This is contained in […]
