Category: Energy

Nigeria’s energy inflation rises to 4.69% in August

Nigeria’s energy inflation rate climbed to 4.69 per cent in August 2026, up from 4.40...

ITUC-Africa demands just energy transition for African workers

For three days, the heart of Africa’s trade union movement was in Nairobi, Kenya, as...

NLC demands overhaul of Nigeria’s ‘failing’ energy sector model

Nigeria Labour Congress has called for a fundamental shake-up of Nigeria’s energy sector, saying the...

NESG warns energy costs could threaten business recovery gains

Nigeria’s business environment recorded stronger expansion in July 2026 despite rising operating costs. However, the...

Oil prices rise after Houthi attack on Saudi tanker

Crude oil prices climbed on Wednesday after Yemen’s Iran-backed Houthi militants claimed responsibility for an...

Oil shipping via Hormuz increases amid renewed regional tensions

Shipping activity through the strategic Strait of Hormuz has increased in recent days despite ongoing...

Nigeria loses 62,400GWh to gas flaring despite FG penalties

Nigeria lost an estimated 62,400 gigawatt-hours of potential electricity generation to flared gas between 2024...

Oil prices top $100 as Red Sea attacks threaten global supply

Global oil prices surged above $100 per barrel on Thursday for the first time in...

REA signs MoUs with seven firms to bridge energy gap

Rural Electrification Agency on Thursday signed strategic Memoranda of Understanding with seven organisations across various...

Oil prices climb as US strikes Iran, tightens Hormuz blockade

Oil prices edged higher in volatile trading on Wednesday after the United States launched another...

Over 8 million barrels of oil crossed Hormuz on Sunday – US

More than 8 million barrels of oil passed through the Strait of Hormuz on Sunday...

Nigeria’s electricity transmission losses hit ₦2.61bn in Q1

Nigeria’s electricity transmission losses cost the power sector an estimated ₦2.61bn in the first quarter...