Energy
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11NERC: Gas Supply Constraints Reduced Power Generation by 602GWh in Q3 2025
The Nigerian Electricity Regulatory Commission (NERC) says Nigeria’s power generation on the grid declined by 7.15 percent in the third quarter (Q3)...
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16Helios Investment completes Axxela Exit, sells 75% stake to international consortium
Helios Investment Partners, a private investment firm, says it has completed the sale of its 75 percent equity stake in Axxela Limited,...
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22Nigeria’s NLNG Appoints Leye Falade as CEO
Nigeria Liquefied Natural Gas Limited (NLNG) has appointed Leye Falade as its chief executive officer (CEO). He will take over from Philip...
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37Elumelu’s Heirs Energies acquires 20.07% stake in Seplat in $500 million transaction
Heirs Energies, Africa’s leading indigenous integrated energy company, has acquired the entire 20.07 per cent equity stake (120.4 million ordinary shares) previously...
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36Otedola sells stakes, as Geregu Power announces change in shareholding structure of majority shareholder
The Board of Directors of Geregu Power Plc has notified the Nigerian Exchange Limited and the investing public that it has received...
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38Power supply disrupted as National grid collapses
The National grid collapsed on Monday. According to data obtained from the Nigerian Independent System Operator (NISO), the power generation dropped from...
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32Tinubu approves write-off of $1.42bn, N5.57tn NNPC debt
President Bola Tinubu has approved the cancellation of about $1.42 billion and N5.57 trillion in outstanding debts owed by the Nigerian National...
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41Nigeria in H1 2025 Fails to Meet Oil Revenue Target…..Says Budget Office
NUPRC: Nigeria’s oil output dropped to 1.58mbpd in September due to PENGASSAN’s strike The budget office of the federation says Nigeria did...
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38Afreximbank Boosts Heirs Energies with $750-million facility
Advancing Nigeria’s domestic energy capacity African Export-Import Bank (Afreximbank) and Heirs Energies Limited have announced a landmark US$750-million financing partnership designed to...
