MARCH 2026
Filtering the noise to deliver important energy sectorupdates
Nigeria's Energy Infrastructure Boom
Energy Summaries is not a newspaper or tabloid, but a major voluntary communication project of Fleissen&Company,whichisdedicatedtoharnessinganddisseminatingvitalinformationaboutmajor developmentswithintheenergyindustryonamonthlybasis.
Thisperiodiccompilationispurelyforinformationandknowledgepurposes,anditscontentshouldnotin anywaybemistakenforfinancial,investmentortransactionadvice.
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Fleissen specialises in hydrocarbon measurement, gas utilisation, emissions accounting, and petrochemical downstreamopportunityassessments.ThecompanyispivotalinadvancingNigeria’senergytransitionbysupporting flare gas commercialisation, compressed natural gas (CNG) adoption, and greenhouse gas (GHG) reduction initiatives.
Inadditiontoitstechnicaladvisorywork,Fleissen&Companyhastwodedicatedsubsidiaries:FleissenEventsLtd, which leads its industry convenings, and Fleissen Energy Ltd, which focuses on project development and energy solutions. Through Fleissen Events Ltd, the firm is a recognised convener of high-impact industry dialogues, including the Nigeria Hydrocarbon Measurement Conference (NiHMEC) and the Gas Safety Conference (GSC), whichbringtogetherregulators,operators,andglobalexpertstodriveinnovation,policyalignment,andoperational excellenceintheenergysector
Dangote,NNPCseal strategicgasagreements
Towardsmeetingtheenergy demandsoftheirongoing expansionprojects,three subsidiariesofDangote IndustriesLimited,Dangote PetroleumRefinery, DangoteFertiliserPlant, andDangoteCementPlc havescaleduptheirgas salesandpurchase agreements(GSPA)with subsidiariesoftheNigerian NationalPetroleum CompanyLimited(NNPC Ltd):NigerianGas MarketingLimitedand NNPCGasInfrastructure CompanyLimited(NGIC).
Theup-scaledsupply agreementswillhelpto drivetheconglomerate's Vision2030,resultingin increasedoutput,betterand cleanerenergysupply,and supportongoingexpansion projects.Theagreements weresignedattheunveiling oftheNNPCGasMaster Plan(GMP)2026,tagged
NGMP2026,heldatthe NNPCTowersinAbuja.
Theseagreementsserveas guaranteesforthegasthat isrequiredtosupportthe drivetowardsCNG adoptionasAutogasandto meettheincreasinggas demandasproduction capacitiesinNigeriaare expanded.
(Vanguard, February 2, 2026)
OilExportsDrop225,000 BpdAsBongaFPSOShutsFor Maintenance
Nigeria’scrudeoilexports aresettodeclinebyabout 225,000barrelsperday followingtheshutdownof theBongaFloating ProductionStorageand Offloadingvesselfor scheduledturnaround maintenance,amovethat willalsocutgasproduction by150millionstandard
cubicfeetperdayuntil operationsresumein March.
ShellNigeriaExploration andProductionCompany
Limited,operatorofthe Bongafield,confirmedthe development,announcing thecommencementofa statutorymaintenance
Shellstartskeymaintenanceactivity ontheBongavessel
ShellNigeriaExploration andProductionCompany Limitedhascommenceda turnaroundmaintenance activityatitsBonga FloatingProductionStorage andOffloadingvessel.
Theoilgiantsaidina statementthattheexercise isastatutoryandintegrity assuranceprogramme aimedatextendingthelife ofthefacility TheFSPOis expectedtoresume operationsinMarch.
Accordingtothestatement, thescopeofworkincludes
statutoryinspections, certification,andregulatory compliancechecks,major asset-integrityupgrades,as wellasengineering modificationstoimprove long-termoperationsand subseaassuranceactivities. TheFPSO,saidtobe locatedapproximately120 kmoffshoreinwaterdepths exceeding1,000metres, hasthecapacitytoproduce 225,000barrelsofoiland 150millionstandardcubic feetofgasperday
(Punch, February 2, 2026)
programmeaimedat extendingtheoperational lifeoftheoffshorefacility
Accordingtothecompany, theturnaroundmaintenance isanintegrityassurance exercisedesignedtoensure theFPSOcontinuesto operatesafelyand efficientlyoverthenext15 years,whilereducing unplannedproduction outagesandstrengthening
theasset’slong-term resilience.
(The Southern Examine, February 2, 2026)
Nigeria hands over Africa Energy Bank headquarters to APPO
Nigeriahasformally handedoverthefully furnishedheadquartersof theAfricaEnergyBankto theAssociationofAfrican PetroleumProducing Countries,markingamajor milestoneineffortsto unlocksustainablefinancing foroilandgasinvestments acrossthecontinent.
Thehandoverceremony tookplaceinAbujaandwas ledbytheMinisterofState forPetroleumResources
(Oil),SenatorHeineken Lokpobiri,alongsidethe PresidentofAPPO,whois alsoCôted'Ivoire'sMinister ofMines,Petroleumand Energy,Mamadou Sangafowa-Coulibaly, seniorofficialsofAPPO andrepresentativesof Afreximbank,thebank's financialpartner.
TheAfricaEnergyBankis nowhousedonthethird floorofthenewlybuilt AfreximbankAfricanTrade
Centre,strategicallylocated inAbuja'sCentralArea.
Speakingattheevent, Lokpobirisaidthe completionanddeliveryof theheadquartersmarkedthe fulfilmentofNigeria's commitmentsashost country,stressingthatthe FederalGovernmentwas determinedtoensurethe bankcommencesoperations nolaterthanJune2026.
(Punch, February 2, 2026)
AfDB's$3.9mnprogrammeto boostNigeria'senergysector
TheAfricanDevelopment Bank(AfDB)hasapproved afresh$3.9-milliontwoyeartechnicalassistance projecttosupportNigeriain transformingnational energycompactsintoaction underMission300,whichis theAfDB-WorldBank initiativetoconnect300 millionAfricansto electricityby2030.
Thenewproject,knownas AESTAPMission300 PhaseII,willprovidedirect technicalsupportto13 mission300countriesover thenexttwoyears,enabling themtomovefrom documentedenergyplansto actualelectricity connectionsforhomes, schools,hospitals,and businesses.
Energycompactsare nationalplansinwhich governmentssetouthow theywillexpandelectricity access,strengthentheir powersectorsandattract investment.
Overthepastyear,dozens ofAfricancountrieshave launchedthesecompacts, backedbystrongpolitical commitmentsandpledges fromdevelopmentpartners.
Thebenefitingcountriesare Nigeria,Chad,Gabon, Tanzania,Mauritania,DRC, Kenya,Madagascar, Ethiopia,Malawi,Lesotho, NamibiaandUganda.
(The Guardian, February 2, 2026)
Nigeriaissues₦501bnpower sectorbondasAFCsupports landmarkelectricityreforms
TheAfricaFinance Corporation(AFC)has actedasco-financialadviser onthesuccessfulissuance ofthefirsttrancheofbonds underNigeria'sPresidential PowerSectorFinancial ReformsProgramme,
markingamajormilestone ineffortstostabilizeand reformthecountry's electricitysector
Theissuance,valuedat ₦501billion,formspartof abroader₦4trillionPower
NigeriasettotakeoverAfrica's automotivefutureasInnosonCNG plantnearscompletion
Nigeriaissteppingupits ambitionsinAfrica's automotivemarketas InnosonVehicle Manufacturingpreparesto commissionamajorfactory dedicatedtocompressed naturalgastrucksand electricvehicles,signalling apushintocleanertransport andlarge-scalelocal manufacturing.
Theplantisexpectedto rankamongtheworld's largestCNGvehicle facilitiesbyproduction capacity,asInnosonplans tohireabout2,000 additionalworkersin2026, alongsideayouth-focused technicaltrainingscheme.
Thisplannedexpansion highlightsNigeria's
growingroleinAfrica's shifttowardscleaner, locallymanufactured vehicles.
(Business Insider Africa, February 3, 2026)
SectorBondProgramme aimedatresolvinglongstandingfinancial challengesintheNigerian electricitysupplyindustry
Thebondprogrammeis designedtoaddressmore thanadecadeof accumulatedlegacydebtby settlingverifiedreceivables owedtopowergeneration companiesforelectricity suppliedbetweenFebruary 2015andMarch2025. Implementedthrougha specialpurposevehicle underNigerianBulk
ElectricityTradingPlc,the initiativeisoverseenbythe presidentialpowersector debtreductioncommittee withtechnicalleadership fromtheofficeofthe specialadvisertothe presidentonenergy.
(Funds4NGOs, February 4, 2026)
AfricanEnergyBank'sphase1 fundingplantargetsNigeria,2others
Africa'soilandgassectoris poisedforafreshwaveof investment,followingthe launchoftheAfrican EnergyBank,whichwill mobilizeaninitial$10 billiontofinancepriority energyprojectsacrossthe continent,beginningwith Nigeria,Angola,andLibya.
Thefundingwilltarget comprehensiveenergy development,upstream, midstream,and downstream,withafocus onenergysecurityand projectrevitalization.The
initiativewasannounced duringthe9thNigeria InternationalEnergy Summit2026bythe SecretaryGeneralofthe AfricanPetroleum Producers'Organization, FaridGhezali.
Hostingtheinitiativein Nigeriaunderscoresits significanceasAfrica's primaryoilproducerand highlightslocaland continentalbenefits.
(Business Insider Africa, February 4, 2026)
Shelldefiesmarketslumpwith $17.84bnyear-endprofit
BritishenergygiantShell hassaidthatitsnetprofit rose11percentlastyearas highervolumesandlower costshelpedtooffsetfalling oilandgasprices.
Profitaftertaxclimbedto
$17.84billionin2025from $16.1billionayearearlier, Shellsaidinastatement.
Energypricesfaced pressurelastyearon concernsthatUSPresident DonaldTrump'stariffs
LeveneEnergyappointsNneka Arowoloasgroupmanagingdirector
LeveneEnergyishas announcedtheappointment ofMrsNnekaArowoloas GroupManagingDirector, effectiveFebruary2026. Uponassumptionofoffice, MrsArowolowilloversee theday-to-dayoperationsof LeveneEnergy, transitioningoperational leadershipfromtheFounder andincumbentGroupChief ExecutiveOfficer,MrNzan Ogbe.MrOgbewill,in turn,takeonamoreactive roleontheBoardwhile retainingapredominantly strategicpositionatthe executivelevel,wherehe willcontinuetoprovide guidanceandgovernance supporttotheGroup.
MrsArowolobringsyears ofdistinguishedand extensiveexperienceinthe globalenergysector,having spentcloseto17yearswith ExxonMobilaffiliatesin Nigeria.Hercareerspans leadershiprolesacross supplychainmanagement,
complexcommercial negotiations,financial evaluation,stakeholder engagement,andthe deliveryofmulti-billiondollargreenfieldand brownfieldprojects.
Throughouthercareer,Mrs Arowolohasbeen consistentlyrecognizedfor hercollaborativeleadership style,strongbusiness acumen,andabilityto navigatechallenging commerciallandscapes. Sheisalsowidelyregarded forhercommitmentto advancingdiversity, mentoring,andleadership developmentwithin organizations.
(Punch, February 4, 2026)
wouldhurteconomic growth.Theydropped furtherasaresultofhigher outputbyOPEC+nations. Morerecently,priceshave ralliedasTrumprampedup militarythreatsagainst majoroilproducerIran,but havesincecooledoneasing tensionsbetween WashingtonandTehran. Shellsaiditsunderlying
earnings,whichstripout someenergy-price movementsandone-off charges,dropped22per centto$18.53billionlast year.Inthefourthquarter alone,netprofitfell22per centfromtheprevious quarter,to$4.1billion.
(Punch, February 5, 2026)
NNPCtargetsforeignpartnersas Dangoteprovideslifeline
Nigeria'slong-troubled 445,000barrelperday state-ownedrefineriesmay beheadedforafreshstart, astheNigerianNational PetroleumCompany Limitedhasopened discussionswithaChinese petrochemicalfirmand otherpotentialinvestorsas partofasweepingreset aimedatrevivingtheailing assets.
Butwhilestaterefineries struggle,theDangote PetroleumRefinery, accordingtoNNPC,has
providedacruciallifeline, givingNNPCbreathing spacetostabilizedomestic fuelsupply
TheresetofNNPC refineriesisexpectedto involvethesaleofequityin theplantstotechnically competentoperatorswith provencapacitytorunand sustainrefineryoperations, markingadeparturefrom government-dominated control.
(Punch, February 5, 2026)
AsoRocktoexitnationalgridby March2026-PermSec
ThePresidentialVillain Abujaissettodisengage completelyfromthe nationalelectricitygridby March2026,astheFederal Governmenthasconcluded arrangementstotransition thecomplextoan independentsolarpower system.
TheStateHousepermanent secretary,Temitope
Fashedemi,disclosedthis whiledefendingthe2026 budgetproposaloftheState Housebeforethesenate committeeonspecialduties attheNationalAssembly
Accordingtomediareports, thesolarinstallationatthe Villawascompletedtoward theendof2025andhas remainedundertechnical evaluationsinceDecember.
FGtokickstartsolarproject innewOyovarsity
TheFederalGovernment hassignaledtheimminent take-offofalandmarkonemegawattsolar electrificationprojectatthe newlyestablishedFederal UniversityofAgriculture andTechnology,Okeho,in OyoState,markingamajor milestoneintheinstitution's infrastructuredevelopment.
Thiswascontainedina statementsignedbythe personalassistanttothe vice-chancelloroncurrent issues,Dr.BolajiOlaomo.
Theproject,facilitatedby theRuralElectrification Agency,ispartofabroader nationalinitiativetoprovide sustainableenergyto16 selecteduniversitiesacross Nigeria.FUNATOstandsas akeybeneficiaryinthe south-westzone,alongside
AdeyemiUniversityof EducationandtheFederal UniversityofHealth Sciences,Oyan.
(Punch, February 9, 2026)
Fashedemiexpressed confidencethatthetesting phasewouldsoongiveway toafullmigrationfromthe AbujaElectricity DistributionCompany (AEDC),enablingtheseat ofgovernmenttooperate independentofthenational grid.
Thepermanentsecretary citedtheexperienceofthe StateHouseMedicalCentre asevidenceoftheproject's sustainability.Heexplained thatsinceinstallingitsown
solarinfrastructureinMay 2025,thefacilityhasnot reliedongeneratorpower
(Leadership, February 9, 2026)
$22bnrequiredtoboostNigeria's gaspipelineinfrastructure-NNPC
TheNigerianNational PetroleumCompany Limited(NNPCLtd)has revealedthatthecountry requiresastaggering$22 billioninvestmentin pipelineinfrastructureas partofacomprehensive strategytomoveNigeriato aneconomypoweredby gas.
Thedisclosurewasacentral pillarofthenewlyreleased NNPCGasMasterPlan (GMP)2026,aroadmap designedtobridgethegap betweenNigeria'smassive sub-surfacereservesandits domesticenergyneeds. AccordingtoNNPC,while thecountrypossesses Africa'slargestprovengas reserves,estimatedat210 trillioncubicfeet,itremains only16thinglobal production. Thisenergyparadox,itsaid,
iswhattheGMP2026seeks toresolvebyprioritizing midstreamconnectivity, infrastructureexpansion, andcommercialviability.
(ThisDay, February 9, 2026)
TinubuappointsAdesayo MichaelasMDofNEMSA, namesboardmembers
PresidentBolaAhmed TinubuhasappointedEngr. AdesayoOlusegunMichael astheManaging Director/CEOofthe NigerianElectricity ManagementServices Agency(NEMSA). Thiswasdisclosedina statementbyapresidential spokesperson,Bayo Onanuga.Thepresident alsoappointedotherboard
Nigeriaresumespetrolimportation tobridgerefinerysupplygaps
Oilmarketershave confirmedthattheFederal Governmenthasresumed issuingpetrolanddiesel importlicencestoclose supplygapsinthe downstreammarket,as localrefineriesremain unabletoconsistentlymeet Nigeria'sdomesticdemand.
TheNigerianMidstream andDownstreamPetroleum RegulatoryAuthority (NMDPRA)approvedthe moveasastabilization measuretopreventscarcity andpricespikes.Industry stakeholdersexplainedthat thedecisionisnotareversal ofNigeria'srefiningpolicy butagap-management strategy,particularlyasthe country'slargestrefinery undergoesamajor expansion.TheDangote PetroleumRefineryis
upgradingcapacityfrom 650,000barrelsperdayto 1.4millionbarrelsperday, aprocessexpectedtolast threeyears.
Duringthisperiod,the refineryisblendingsemifinishedfeedstocksinto finishedproducts,limiting itsabilitytofullysupply themarket.
Marketersstressedthat Nigeria'sdailyfuel consumptionleavesno roomforsupply disruptions.Maintenance downtime,logistics bottlenecks,orcrude supplyconstraintscan quicklytriggershortages, makingimportationa necessarybuffer
(Daily Times, February 10, 2026)
members,includingEngr AliyuAbdulazeez (ExecutiveDirector, Technical);IkechiClara Nwosu(Chairman,South East);ZubairAbdur'rauf Idris(Member);Igba Elizabeth(Member-North Central);SaniAlhajiShehu (Member–NorthEast); AdeyemiAdetunji (Member–SouthWest); Engr.EmmanuelEneji
OgbonnaAsogwa(South East).
Reactingtothenew appointment,theNational PresidentofNigeria ConsumerProtection Network,KunleOlubiyo, saidthenewlyappointed MDofNEMSAis“fitfor thepurpose.”
(Daily Post, February 10, 2026)
Nigeria,otherstoattractover$50bn energyinvestment,saysNUPRC
NigeriaandotherAfrican countriesareprojectedto attractmorethan$50bnin energyinvestmentsthis year,asrenewedglobal interestbooststhe continent'sroleinthe evolvingenergylandscape, theNigerianUpstream PetroleumRegulatory Commission(NUPRC)has said.
TheChiefExecutiveofthe Commission,Mrs OritsemeyiwaEyesan, disclosedthiswhile welcomingdelegatestothe 2026Sub-SaharanAfrica InternationalPetroleum ExhibitionandConference (SAIPEC).Accordingto her,Africa'sshareofglobal energycapitalexpenditure hasrisensignificantlyover thepastthreeyears, signallingastrongrecovery ininvestorconfidence.
Eyesansaidoftheestimated $520bnprojectedforglobal energycapitalinvestment thisyear,Africaisexpected toattractbetween$48bn and$50bn,representing overeightpercentofthe total.Shenotedthatthis marksasharpimprovement frompreviousyearswhen thecontinentaccountedfor lessthanfourpercentof globalenergyinvestment.
Sheattributedthe resurgencetorenewed explorationandproduction activitiesincountriessuch asNigeria,Namibia, Mozambiqueandother prolificAfricanbasins, addingthatthetrend presentsbothopportunities andresponsibilitiesfor Africannations.
(Daily Times, February 10, 2026)
Nigeriapledgesextrafundingto launchAfricaEnergyBank
Nigeria'sMinisterofState forPetroleumResources (Oil),Sen.Heineken Lokpobiri,hassaidthat Nigeriaisreadytoprovide additionalfundingtothe AfricaEnergyBankto ensureitstakeoff,following delaysbysomeAfrican countriesinmeetingtheir capitalsubscription commitments.
Sen.Lokpobirisaidduring
the2026Sub-Saharan AfricaInternational PetroleumExhibitionand ConferenceinLagosthat despitethefactthatNigeria wasalreadycontributing70 percentofthebank's capital,thecountrywas preparedtocoverthe remainingfundinggap, shouldotherAfricannations failtofulfiltheir obligations.In2024, PresidentBolaTinubu
FAO,EUempowerwomenwith sustainableenergyinBorno
TheFoodandAgriculture OrganizationoftheUnited Nations(FAO),with supportfromtheEuropean UnionCivilProtectionand HumanitarianAid Operations,hastrained vulnerablewomeninBorno Stateonsafer,more affordableandsustainable alternativefuelsolutions.
Theinitiativeaimedto reducethehealth, environmentaland economicrisksassociated withunsafeand unsustainablecooking practiceswhilealso strengtheninghousehold nutritionandlivelihoods.
Speakingonthe programme,AliGalolfrom FAOexplainedthat participantswereintroduced tohighlyefficientcooking
methodsdesignedtocut cookingtimeandcosts,as wellasminimizehealth riskslinkedtoharmful traditionalcooking techniques.Henotedthat prolongedexposureto smokefromunsafefuels posesserioushealth challenges,particularlyfor womenandchildren.
(Chained, February 10, 2026)
approveda$100m investmentforaclassA shareinthebank, positioningNigeria favourablytohostthe multilateral$5bnAfrica EnergyBank,whichwill financeenergyprojects acrossthecontinent.
Lokpobirinotedthat Nigeriahasearnedthetrust ofotherAfricannationsto hostthebank'sheadquarters andhasfulfilledallits responsibilitiesasthehost country.Theheadquarters washandedovertothe
AfricanPetroleum ProducersOrganizationand AfreximBankinAbuja.
(APA News, February 11, 2026)
DangoteRefinerycutspetrol pricetoN774perlitre
DangotePetroleum RefineryhascutitsexdepotpriceofPremium MotorSpirit(PMS)byN25 perlitre,reducingthe gantryratefromN799to N774perlitre.
Thecompanyinformed petroleummarketersofthe newpricerecently,noting thattheadjustmenttakes effectimmediately.
Inacircularissuedbyits GroupCommercial OperationsDepartment, DangotePetroleum Refineryand PetrochemicalsFZEstated that“thisistonotifyyouof achangeinourPMSgantry pricefromN799perlitreto N774perlitre.”The refineryalsoannouncedthe endofitsPMSlifting incentivescheme,which hadbeenintroducedto supportvolumeofftakeby marketers.
Thedevelopmentcomes amidcontinuedadjustments inthepetrolmarket, followingthefull deregulationofthe downstreamsectorandthe removaloffuelsubsidyin 2025.
(Vanguard, February 11, 2026)
NNPCrecords$4.2billion after-taxprofitin2025
Nigeria'sstateoilfirm NNPChassaidthatit bookedafter-taxprofitsof 5.760trillionnaira($4.26 billion)lastyear,asAfrica's biggestoilproducer recordedaveragecrudeand condensateoutputof1.62 millionbarrelsperday
Totalrevenuewas60.517 trillionnaira,withstatutory
paymentstogovernment agenciesandpartners amountingto14.706trillion nairafortheyear.NNPC didnotprovidecomparison figuresfromtheprevious yearintheresults,butsaid crudeproductiondipped slightlyinDecember,the lastmonthoftheperiod, fromearliermonthsdueto scheduledmaintenanceand
FGdelivers1MWofcleanenergy tounderservedNigeriansinAbuja
Thefederalgovernmenthas delivered1megawattof cleanenergytounderserved NigeriansinRubochiand Ikwacommunitiesinthe FederalCapitalTerritory
TheRuralElectrification Agencydisclosedthatthe initiative,whichis supportedbytheRepublic ofKorea,consistsof900 kWpsolarhybridand100 kWpfacilities.Thefacility isaimedatproviding reliableelectricityto
households,small businesses,schools, healthcarefacilities,and commercialclusters24/7.
TheMinisterfortheFCT, NyesomWike,represented bytheMinister'sChiefof Staff,Hon.ChidiAmadi, hailedtheREAforaligning itsinterventionswiththe ongoingdevelopmenteffort oftheFCTadministration.
(Daily Post, February 12, 2026)
severalunplannedoutages. Decemberoiland condensateproduction averaged1.54millionbp,d withrevenueforthemonth reaching4.824trillion naira.whilenaturalgas supplyinDecember averagedmorethan6.914 billionstandardcubicfeet perday.
Downstreammetrics improvedinDecember,the companysaid,with NigerianRefiningLimited stationsachieving65% petrol(PMS)availability,
markinganincreasefrom previousperiods.
Upstreaminfrastructure alsoperformedstrongly, withpipelinesystems reporting100%availability
(Reuters, February 12, 2026)
Dangotesupplied40.1mnbarrels ofPMSdailyinJanuary
TheNigerianMidstream andDownstreamPetroleum RegulatoryAuthority (NMDPRA)hassaidthat theDangotePetroleum Refinery(DPR)increased itsdomesticsupplyof PremiumMotorSpirit (PMS)to40.1mlitresper dayinJanuary,whichwas anincreaseofeightmillion litrescomparedtothe32 millionlitresitproducedin December
NMDPRA,initsJanuary report,saidthe40.1million producedwasover60per centofthe75millionthe companyplannedtosupply,
addingthatPMS consumptionwas60.2 millionlitresperday.
Theauthorityalsorevealed thatthenationaloil company,theNigerian NationalPetroleum CompanyLimited(NNPC) andothercompanies importedanaverageof24.8 millionlitresofPMSdaily andoverall,itsaid64.9 millionlitresofPMSwere suppliedintothemarket duringtheperiod.
(Tribune, February 16, 2026)
Dangotesignsseparate$750mn dealswithChinese,Indian companiestoexpandrefinery
DangoteGrouphasmade significantstridesin expandingitsrefineryand petrochemicaloperations withtwomajoragreements, collectivelyworth$750 million. Thecompanysignedtwo
majoragreementsworth $750millionwithXCMG ofChina($400M)andEIL ofIndia($350M)toexpand itsrefineryand petrochemicaloperations. Theinvestmentsaimto increaseDangote'srefinery
Dangoteovertakesimporters, captures62%domesticpetrolmarket
InamajorshiftforNigeria's downstreampetroleum sector,theDangote PetroleumRefineryhas outpacedimportersto supplyapproximately62 percentofthenation's premiummotorspirit (petrol)inJanuary2026.
Thisdevelopment,revealed inthelatestfactsheetfrom theNigerianMidstreamand DownstreamPetroleum RegulatoryAuthority, signalsagrowingreliance ondomesticrefining capabilitiesandapotential reductioninthecountry's longstandingdependenceon fuelimports.
AccordingtoNMDPRA's StateoftheDownstream SectorreportforJanuary 2026,thetotalaveragedaily supplyofPMSreached64.9
millionlitresperdayduring themonth.
Ofthisvolume,receipts fromdomesticrefineries–primarilydrivenby Dangote,theonlypetrolproducingrefineryatthe moment–accountedfor 40.1millionlitresperday, whileimportsbyoil marketingcompaniesand theNigerianNational PetroleumCompany Limitedstoodat24.8 millionlitresperday
(Punch, February 16, 2026)
capacityfrom650,000to 1.4millionbarrelsperday, boostingNigeria'sfuelselfsufficiencyandsupporting broaderindustrialgrowth.
XCMGwillsupply advancedconstruction equipment,whileEILwill continueastheproject managementand engineeringconsultantafter itsinvolvementinthe refinery's2024 commissioning.
Theexpandedrefinerywill alsodiversifyinto
polypropylene,urea,and linearalkylbenzene, strengtheningDangote's positionasakeysupplierin Africaandglobally
(Business Insider Africa, February 17, 2026)
NDDCunveilsCNGconversion trainingprogrammefor400youths
TheNigerDelta DevelopmentCommission hasflaggedoffasix-week trainingprogrammefor400 NigerDeltayouthson compressednaturalgas, autogasconversion.
Speakingattheflag-off ceremonyattheDakkada SkillsAcquisitionCentre, Uyo,AkwaIbomState,the NDDCManagingDirector, SamuelOgbuku,described theprogrammeasa strategicinvestmentin humancapitaldevelopment andadeliberateeffortto positionNigerDeltayouths
attheforefrontofNigeria's energytransition.
Ogbuku,whowas representedbythe ExecutiveDirector, Projects,DrVictorAntai, notedthatthetraining, whichwouldrunintwo batchesofthreeweeks each,wasdesignedtoequip participantswithpractical skillsinCNGvehicle conversion,system maintenance,andsafety standards,inlinewith globalbestpractices.
(Punch, February 17, 2026)
Petralonadvancesmarginal fieldwithShellsupport
Investors'confidencein indigenousoperatorsmay havereceivedaboostas ShellWesternSupplyand Tradingexpressed confidenceintheoperations ofPetralonEnergy,an indigenousexplorationand productioncompanywith demonstratedcapacityto acquire,develop,finance,
andoperateoilandgas assets.
Ataneventhostedin LondonbyShellWestern SupplyandTradingto celebratePetralonEnergy's achievementoffirstoilat theDawesIslandField,its ChiefExecutiveOfficer, RodrigoTeixeiradeAbreu, commentedonPetralon's
DangoteappointsdaughtersFatima, Mariya,andHalimatoheadkey operationsinDangotegroup
AlikoDangote,Africa's wealthiesttycoon,has promotedhisdaughtersto seniormanagement positionsaspartofthe successionandexpansion planfortheDangoteGroup.
Fatimaisgoingtolead commercialactivitiesinoil andgas,Mariyaisgoingto leadcementandfood enterprises,andHalimais goingtobeinchargeofthe familyofficeand internationaloperationsin DubaiandLondon.
ThisisevenastheGroup speedsupthegrowthofthe DangotePetroleum Refinery&Petrochemicals andaimsfora$100billion valuationby2030.
(BusinessDay, February 17, 2026)
progress,notingtheroleof leadershipinadvancingthe projectfromconceptto delivery
AstatementfromPetralon onnotedthatthe acknowledgement, witnessedbythecompany's FounderandChief ExecutiveOfficer,Ahonsi Unuigbe;BoardChairman, MutiuSunmonu;andChief CommercialOfficer,Uduak Equere,validatedthefeat attainedbyPetralonEnergy intransitioningtheDawes Islandassetfrom developmenttoproduction in2025.
PetralonEnergy'sfirstoil achievementmarksakey milestoneforthecompany andNigeria'smarginalfield
programme.The accomplishmentis describedasatestamentto thecapacityofindigenous operatorstomanage assignedassetsresponsibly andoptimally
(Punch, February 18, 2026)
CardinalStoneleadsN501bn powersectorbondissuance
CardinalStonePartners Limitedhasactedasthe LeadFinancialAdviserand LeadIssuingHouseonthe successfulcompletionof theinauguraltrancheunder theN4trillionPowerSector Multi-InstrumentIssuance Programme,implemented aspartofthePresidential PowerSectorDebt ReductionProgramme.
Thefirsttranchecomprised aN501.02bn,seven-year bondissuance,includinga N300billionofferingplaced withinstitutionaland individualinvestorsanda N201billionbond allocationissuedtoeligible powergeneration companiesthathave executedsettlement agreementsunderthe PPSDRP.Theofferingwas fullysubscribed.
Theprogrammeisintended toaddresslong-standing paymentarrearsowedto Gencos,whichforovera decadehavehistorically constrainedliquidity, weakenedbalancesheets, anddiscouragedinvestment acrossthepowersector valuechain.
Thebondisguaranteedby thefullfaithandcreditof theFederalGovernmentof Nigeriaandsponsoredby NigerianBulkElectricity TradingPlc.
(Punch, February 18, 2026)
NUPRCmovestoendcrudetheft withfirstmeteringfacility
TheFederalGovernment hasintensifiedeffortsto strengthenaccountabilityin thecrudeoilsectorwiththe inaugurationofNigeria's firstGravimetric MultifacetedFlowMetering CalibrationFacilityinEket, AkwaIbomState.
Thefacility,unveiledbythe NigerianUpstream PetroleumRegulatory Commission,isdesignedto enhancetheaccuracyof
crudeoilmeasurement,curb productionlosses,and improverevenue transparencyacrossthe upstreamsegment.
Thecalibrationcentre providesprecisetestingand verificationofoilflow metersusedbyoperators, ensuringthatproduction volumesareaccurately measuredandproperly accountedfor.The developmentisexpectedto
FGsignspactwithIEAonmethane reduction,cleancookingexpansion
TheFederalGovernment hassignedaMemorandum ofUnderstanding(MoU) withtheInternational EnergyAgency(IEA)to strengthencooperationon gasdevelopment,clean cookingaccess,methane emissionsreduction,and technicalsupport.
EkperikpeEkpo,Minister ofPetroleumResources (Gas),whosignedthedeal onbehalfoftheNigerian GovernmentattheIEA headquartersinParis, France,saidtheagreement formalizedastrategic partnershipaimedat improvingefficiency, strengtheninggovernance andaligningNigeria's
petroleumindustrywith globalbestpractices.
Thecollaboration,hesaid, wasbuiltonearlier engagementsbetweenboth parties,includingthe inauguralSub-Saharan Roundtableonmethane emissionsreductionhosted inNigeria.
Ekpoalsohighlightedclean cookingasamajorpillarof theagreement,notingthat theFederalGovernmentis targetingfivemillion homesforLiquefied PetroleumGasadoptionby 2030.
(BusinessDay, February 18, 2026)
strengthenregulatory oversight,eliminate discrepanciesincrudeoil liftingfigures,andplug leakagesthathave historicallyundermined governmentrevenuefrom thepetroleumsector.
Accuratemeteringremains criticaltoNigeria'soil revenuemanagement, particularlyasthecountry seekstooptimizeoutput andboostearningsamid ongoingreformsinthe upstreamindustry The project,thefirstofitskind inWestAfrica,addressesa long-standingindustry challenge:uncertaintyin crudemeasurement.For
decades,inaccurate meteringhascontributedto disputes,revenueleakages, andrelianceonoverseas laboratoriesforcalibration.
Thefacilitycancalibrate turbine,ultrasonic, Coriolis,electromagnetic, andpositivedisplacement meters,criticaldevices usedtodeterminevolumes ofcrudeflowingthrough pipelinesandexport terminals,thereby improvingoperational efficiency,regulatory compliance,andproduction optimisation.
(Punch, February 18, 2026)
NNPCtoboostgassupply by1.8bcf/din2026
NigerianNational PetroleumCompany Limited(NNPCLtd)has announcedplanstoincrease gassupplybyanadditional 1.8billioncubicfeetper day(bcf/d)in2026tomeet growingdomesticdemand.
Whilehostingmembersof theNigeriaGuildof Editors,thatcompanysaid thatthesettargetwillbe achievedthroughits subsidiaries,NNPC UpstreamInvestment ManagementServices (NUIMS)andNigerian ExplorationandProduction Limited(NEPL).According
todatafromNNPC'sGas MasterPlan(GMP)2026, theincreasewill significantlycontributeto Nigeria'stargetofsupplying 10bcf/dby2027and 12bcf/dby2030.
Speakingontheplan, NNPC'sGroupManaging Director,BayoOjulari,said italignswiththe presidentialmandateto boostgasproductionand unlockinvestmentinthe sector
(BusinessDay, February 18, 2026)
NARTO,PiCNGpartnershipcuts fueltransportationcostby30%
TheNigerianAssociationof RoadTransportOwnershas saiditspartnershipwiththe PresidentialInitiativeon CompressedNaturalGas hashelpedreduce transportationcostsbyover 30percentwhileexpanding itsfleetandstrengthening masstransitoperations acrossthecountry.
Speakingatthe association's2026Annual GeneralMeetinginAbuja, theNationalPresident, YusufOthman,saidthe collaborationhasopened newopportunitiesfor operatorsdespiteeconomic challengesinthetransport sector
TheNARTOpresidentalso laudedtheinvestmentdrive oftheDangoteGroup,
particularlythe developmentofthe DangoteRefineryandthe deploymentofthousandsof truckstosupportpetroleum distribution.Accordingto him,theinitiativewill boostlocalrefining, improveproduct availability,andgenerate employmentopportunities.
(Punch, February 19, 2026)
Oandotoallocateover 600millionshares
OandoPlchasannounced planstoproceedwiththe secondtrancheofitsshare distributionprogramme, withmorethan600million sharessettobeallocatedto eligibleinvestorsundera phasedshareholderreward initiative.
Thecompanysaid shareholdersatits45th AnnualGeneralMeeting approvedaresolution allowingsharesreceivedby thecompanytobe distributedtoinvestors“on apro-ratabasis”atdates determinedbytheboard.
Theboardresolvedto executethedistributionin phasesandcommittedthat allsharesarisingfromthe programmewouldbe distributedwithin36 monthsbeginning30 January2025.
Thecompanydisclosed that,aftercompletingthe firsttrancheinAugust2025, itsboard,on10February 2026,resolvedtoproceed withthesecondtrancheof theprogramme.Thephased distributionformspartofa broadershareredistribution
initiativedesignedtoreturn sharespreviouslyavailable tothecompanybackto investors.
(Punch, February 20, 2026)
NNPCbossOjularibagsUK energyinstitutefellowship
TheNigerianNational PetroleumCompany Limitedhasachieveda majormilestoneinits globalrepositioningasits GroupChiefExecutive Officer,BayoOjulari,has beenconferredwiththe prestigiousFellowshipof theEnergyInstitute,United Kingdom,oneofthe highestprofessional honoursintheglobal energyindustry
TheFellowship,awardedto seniorenergyleaderswho havedemonstrated sustainedandhigh-impact contributionstothe advancementoftheenergy sector,wasformally conferredduringthe InternationalEnergyWeek inLondonrecently
NNPCdescribedthe Fellowshipasoneofthe highestprofessional honoursintheglobal energyindustryanda developmentexpectedto boostinvestorconfidencein Nigeria'soilandgassector.
(Punch, February 20, 2026)
Nigerianstobuysharesin DangoteRefinerybyJuly
ThePresidentofthe DangoteGroup,Aliko Dangote,hassaidNigerians willsoonbeabletoinvest directlyintheDangote Refinery,describingthe moveaspartofeffortsto broadenpublicownership oftheproject.
Dangotemadethisknown onSaturdaywhilespeaking withjournalistsduringa tourofthefacilitybythe GroupChiefExecutive OfficeroftheNigerian NationalPetroleum
CompanyLimited,Bayo Ojulari,alongsidemembers oftheNNPCboardand executivemanagement team.
Accordingtohim,plansare underwaytoallow individualstopurchase sharesintherefinerywithin thenextfourtofivemonths.
Theindustrialistnotedthat NNPCcurrentlyholdsa minoritystakeinthe refineryonbehalfof Nigerians.Dangoteadded
Dangote'sdetergentraw-material planttobedeliveredin30months
PresidentoftheDangote Group,AlikoDangote,has saidthatanew petrochemicalproject withintheDangoteRefinery complexwillposition Nigeriaasamajorsupplier ofkeydetergentinputs acrosstheAfrican continent,withcompletion expectedwithinthenext30 months.
Dangotedisclosedthis whileaddressingjournalists duringatouroftherefinery bytheGroupChief ExecutiveOfficerofthe NigerianNational PetroleumCompany Limited,BayoOjulari. Hestatedthattheplanned plantwillhaveaproduction capacitylargeenoughto meetdemandacrossAfrica, farexceedingexisting
facilitiesonthecontinent.
AccordingtoDangote,the refinerycomplexis evolvingintoalarger petrochemicaland manufacturingecosystem, withnewprojectsdesigned todeepenlocalvalue chainsandreduceimport dependence.
(Channels, February 21, 2026)
thatinvestorswouldhave flexibilityinhowthey receivedividendsfromtheir investment.
(Punch, February 22, 2026)
TCNunveils300MVAtransformer atEgbinsubstation
TheTransmissionCompany ofNigeriahassuccessfully commissionedanew 300MVApowertransformer atits330/132/33kVEgbin TransmissionSubstationin LagosState.
Theadditionincreasesthe substation'stotalcapacity from300MVAto450MVA, significantlyimprovingthe availabilityofbulk electricityforIkeja ElectricityDistribution Company
TheEgbinTransmission Substation,locatedinLagos State,isoneofthekey pointsinthetransmission networkthatserves EKEDC,whichcoversparts ofLagosandits surroundingareas.The substationplaysavitalrole inensuringthatpoweris transmittedtotheregion, whichishometoalarge
populationandagrowing numberofbusinesses.
Speakingontheproject's completion,theGeneral ManagerofTransmission, LagosRegion,Adeshina Adeonipekun,said,“the projectwascompletedinhousebyTCNengineersin justsixweeks.This achievementreflectsour commitmentto strengtheningthenational gridandensuringreliable powerdeliveryforall Nigerians.”
(Punch, February 23, 2026)
Africangreenprojects seek$3.09bnfunding
GreenprojectsacrossAfrica areseekingapproximately $3.09billioninfundingas investorspreparetoengage withacuratedpipelineof climatesolutionsspanning morethan25countriesat Africa'sGreenEconomy Summit(AGES)2026, scheduledtobeheldin CapeTown,SouthAfrica.
Accordingtotheorganizers
ofthesummit,the investmentpipelinecovers early-stagesmalland mediumenterprisesaswell asexpansionand infrastructureopportunities acrosssectors,including renewableenergy,waste management,circular economysolutions, sustainableagriculture,the blueeconomyandnaturebasedprojects.
TCNrestores330kV Shiroro–Mandolinetoservice
TheTransmissionCompany ofNigeriahassuccessfully restoredthe330kV Shiroro–Mando TransmissionLine2to serviceaftercompleting essentialrepairworks.
TheGeneralManager, PublicAffairs,NdidiMbah, saidthetransmissionline wasre-energizedat8:32pm recently,following extensivetechnical interventionscarriedoutby TCNengineers.
Therestorationprocesswas executedwithafocuson ensuringtheintegrityand operationalreliabilityofthe infrastructure,withstrict adherencetosafetyand qualitystandards.
Mbahaddedthatthereturn ofbothcircuitsmarksan
importantmilestonein TCN'songoingeffortsto upgradeandstrengthenthe country'stransmission infrastructure,ensuringa morereliablepowersupply acrossthenetwork.
(Punch, February 23, 2026)
AGESisdesignedto acceleratetransactions throughfocusedpitch sessions,investorbriefings andcuratedone-to-one matchmakingdesignedto alignfounderswith developmentfinance institutions,commercial banks,venturefundsand specialistpartners.
Financingstructuresare expectedtoinclude catalyticcapital,blended finance,concessional fundingandstructuredrisk-
mitigationtoolstounlock large-scaledeploymentof climatesolutions.
(Punch, February 23, 2026)
PremiereAcademystudentswin BE-TITANSwithsmartsolar minigridinnovation
StudentsofPremiere Academy,Abuja,have emergedwinnersofthe BattleofEnergyTitans (BE-TITANS)Science, Technology,Engineering, ArtsandMathematics (STEAM)competition, aimedatchallenging schoolstodesignand showcaseenergymodel projectscapableof poweringcommunities, promotingsustainability,or addressinglocalenergy problems.
Theydefeatednineother finalistswiththeir innovativerenewable energysolution,Premiere AcademySmartSolarMini Grid(PASSG).The initiativeistheflagship eventoftheannualYouth EcoSummitNational Festival(YES-NAFEST).
PremiereAcademy's winningentrywas recognizedasascalable, affordableandoffline-ready renewableenergysolution tailoredforunderserved Africancommunities. The projectintegratesasmart prepaidmeteringsystem withasolar-poweredmini grid,deployinglow-power hardwaresuchastheESP32 microcontrollerandPZEM004Tenergymeters.
(ThisDay, February 23, 2026)
OndoSignsMOUsforDeepSea Port,$4bnFertiliserPlant
TheOndoStategovernment hassignedtwokey Memorandaof Understanding(MoU)fora DeepSeaPortanda$4 billionpetrochemical fertilizerplant,markinga majorpushtorepositionthe stateasanindustrialand investmenthub. Theagreementswere executedattheOndoState InvestmentSummit2026
heldattheInternational CentreforCultureand Events(TheDome),Akure, wherethestategovernment formalizedapartnershipfor thedevelopmentofaDeep SeaPortprojectunder whichitwillhold12.5per centequity,whileprivate partnerswillcontrol87.5 percent.
AsecondMoUwassigned
REASignsMoUwithECOWAS toElectrify15PublicInstitutions
TheRuralElectrification Agency(REA)hassigneda Memorandumof Understanding(MoU)with theEconomicCommunity ofWestAfricanStates (ECOWAS)Commission undertheRegionalOff-Grid ElectricityAccessProject (ROGEAP)inasteptoward improvingelectricityaccess inpublicinstitutions.
Theagreementprovides grantfundingsupportfrom ECOWASforthe electrificationof15public healthandeducation facilitiesinNigeriausing solarphotovoltaic(PV) systems.Underthe agreement,ECOWASwill provideagrantof$700,000 tosupporttheinstallationof solarPVsystemsinrural healthcentresandschools locatedintheFCT,Niger
State,andNasarawaState. Theprojectwillbe implementedbyREAasthe technicalandfinancial implementingagency
Speakingatthesigning ceremony,theManaging DirectoroftheREA,Dr. AbbaAliyu,describedthe agreementasastrong demonstrationofregional collaborationdriving nationaldevelopment.
(ThisDay, February 24, 2026)
withResidentFertilizerfor theestablishmentofa$4 billionpetrochemical fertilizerplantinthe southernsenatorialdistrict ofthestate.
GovernorLucky Aiyedatiwadescribedthe signingsasproofthathis administrationwasshifting Ondofromaneconomyof promisestoaneconomyof production.
(ThisDay, February 24, 2026)
LOTUSBank,REAcollaborateon N100bnrenewableenergyfinancing
OneofNigeria'snoninterestbankingservice providers,LOTUSBank Limited,hasenteredintoa strategicpartnershipwith theRuralElectrification Agency,aimedatexpanding accesstorenewableenergy solutionsacross underservedcommunities.
AccordingtoLOTUS Bank'sMemorandumof UnderstandingwithREA, whichwassignedinAbuja, thebankwillprovide accessiblefundingofupto N100billiontoempower
certifiedRenewableEnergy ServiceCompanies.
Speakingduringthesigning ofthedeal,theManaging DirectorandChief ExecutiveOfficerof LOTUSBank,DrIsiaka Ajani-Lawal,describedthe collaborationasaclear reflectionofthebank's missiontoharnessethical financetoaddresscritical, importantandnational developmentneeds.
(Punch, February 24, 2026)
NNPCsettobeginexportofnew crudegradeinMarch
TheNigerianNational PetroleumCompany (NNPC)Limitedwillbegin exportinganewlight,sweet crudegradecalled CawthornefromMarch, Reutersquoteda spokespersonforthe organizationassaying.
Thelaunchispartof Nigeria'sbroaderpushto liftproduction,long
constrainedbyunrestand crudetheft,andfollowsthe introductionoftwoother newgradessince2024, addingtoarecentrecovery inoutputfromAfrica'stop exporter.Nigeria,already pumpingclosetoitsquota ofthrOrganizationof PetroleumExporting Countries(OPEC),is amongthecountries seekingahighertarget
MEAEnergytargets3,000jobs with250retailoutletsinfiveyears
ChinenyeAtanda,theChief ExecutiveOfficer(CEO)of MEAEnergyhassaidthat theoilcompanyisaimingat creatingaminimumof 3,000jobswithitsplanned rolloutof250retailoutlets acrossthecountryinthe nextfiveyears.
SpeakinginAbujaatthe unveilingofthecompany's retailoutletinBwariArea CouncilofytheFCT, Atandastatedthatthe companyiscommittedto playingakeyrolein revampingthenation's economy.
AccordingtotheMEA Energyboss,thecompany's planned250-stationrollout
isexpectedtobeexecuted inphases,withafocuson strategicurbanand commercialcorridors, supportingmobility, commerce,jobcreationand broaderenergysecurity.
(The Cable, February 24, 2026)
withintheproducergroup. Cawthornecrude,according toasourcefamiliarwiththe matter,hasanAmerican PetroleumInstitute(API) gravityof36.4,makingit similarinqualityto Nigeria'sBonnyLight, valuedforitshighyieldsof petrolanddiesel.
Thegradeisexpectedtobe exportedthroughthe FloatingProductionStorage andOffloading(FPSO) vesselCawthorne,analysts atKplersaidinanote.The FPSOhasacapacityof2.2 millionbarrelsandaimsto boostcrudeoil transportationand
productionfromOil MiningLease18and surroundingassetsinthe country'sEasternNiger Delta.
(ThisDay, February 25, 2026)
NUPRCends2025licensing roundapplications
TheNigerianUpstream PetroleumRegulatory Commission(NUPRC)on February27issuedafinal calltoprospective investors,announcingthat thewindowforprequalificationapplications forNigeria's2025 LicensingRoundwill officiallyclose.
Thecommission,inapublic notice,statedthatthe registrationandsubmission portalwillbeclosedin accordancewithSection 11.2ofthelicensinground guidelines.
NUPRC,onbehalfofthe Nigeriangovernment,under thelicensingroundwhich commencedinDecember 2025,isoffering50oiland gasblocksacrossonshore, swamp/shallowwaterand offshoreterrainsspanning diversebasins.
Thegovernmentexpectsto attractabout$10billionin investmentsthroughthe licensinground.Itisalso expectedtoaddupto2 billionbarrelsofoiloutput overthenext10years,with anestimated400,000 barrels/dayofproduction volumeswhentheblocks arefullyoperational.
(BusinessDay, February 25, 2026)
Tinubu'sexecutiveorder blocksN2trnNNPCfees
Theexecutiveorderissued byPresidentBolaTinubu stoppingthedeductionof managementfeesandthe FrontierExplorationFund bytheNigerianNational PetroleumCompany Limitedhaseffectively haltedrevenuestreamsthat generatedaboutN2.076 trillioninfouryears.
Ananalysisofmonthly earningssubmittedtothe
FederationAccount AllocationCommittee revealedthatthenationaloil companyreceivedN20.739 billionfromthedeductions in2022,N695.9billionin 2023,N452.6billionin 2024,andN906.91billion in2025,bringingthetotal toaboutN2.1trillion between2022and2025.
Thisdevelopmentfollowed
Powerstakeholdersseek accountability,shifttocleanenergy
StakeholdersinNigeria's electricitysectorhave renewedcallsfor coordinatedreforms, strongeraccountabilityand astructuredtransitionto cleanerenergy,following theofficialunveilingofthe NigeriaElectricitySupply IndustryWeek2026in Abuja.
Theinitiative,accordingto itsorganizers,isaimedat addressinglongstanding challengesinthesectorby fosteringsustained collaborationamong regulators,operators, policymakersandinvestors.
ObiorahAnthony,theChief ExecutiveOfficerofNESI PlatformLimitedand ChairmanoftheNESI WeekSteeringCommittee, saidthelaunchmarkeda definingmomentfor
Nigeria'senergyand sustainabilityecosystem.
Itwouldberecalledthatthe NationalSports Commissionrecently pledgedfullgovernment backingforthemaiden NigeriaElectricitySupply IndustryGames,describing theinitiativeasastrategic platformtodeepen cohesionwithinthepower sectorandstimulatethe Nigeriansportseconomy.
(Punch, February 26, 2026)
thePresident'sdirectivethat allrevenuesduetothe federationmustberemitted infull,withoutprior deductions,inlinewith constitutionalfiscal provisionsandtransparency reformsintheoilandgas sector
Theorder,whichprioritizes constitutionalfiscal provisionsgoverningthe FederationAccountover certainoperationalfunding arrangementsunderthe PetroleumIndustryAct, specificallyhaltsautomatic
deductionssuchas managementfeesand contributionstothe FrontierExplorationFund fromoilandgasrevenues beforeremittance.
(Punch, February 26, 2026)
Efikprofessionalspushforfair oil-well
allocation
Asocio-culturalgroup,Efik Professionals,has commendedtheeffortsof GovernorBasseyOtuinthe ongoingscientific verificationofoilwells attributedtoCrossRiver state,sayingitisastep towardsrectifyinghistorical injustices.
Inastatementbyits Chairman,Dr.BasseyOkon inCalabar,thegroup commendedOtufor pursuinganevidence-based approachtoresolvethe issue,addingthatthe developmentwill resuscitatethepoor economicconsequences facedbytheEfik communityfordecades.
Thegroupalsoapplauded PresidentBolaAhmed Tinubuforestablishingan Inter-AgencyTechnical Committeetoconductan independentverification
process,stressingthatitwill reinforcetransparencyand cooperativefederalism.It furthernotedthatCross RiverStatehasfaced significantfiscalchallenges duetooilwellallocations notgroundedin comprehensive hydrographicandreservoirbasedscientificverification. This,theysaid,hasaffected infrastructuredevelopment, employment,andindustrial growth.
(Punch, February 26, 2026)
AEDCtosourcepower fromNNPC's350MWplant toboostAbujasupply
TheAbujaElectricity DistributionCompany (AEDC)hasannounced planstoenterabilateral powersupplyagreement withNNPCLimitedto enhanceelectricitysupply intheFederalCapital Territory(FCT).
Undertheproposed
arrangement,AEDCwill receivepowerfromNNPC's 350-megawattplantin Gwagwalada,slatedfor completionbeforetheend ofthefirstquarterof2027.
TheActingManaging DirectorofAEDC,Chijioke Okwuokenye,saidthe companyisexploring
NNPCtodispensefirstgasfrom AKKinGwagwaladabyJuly
TheNigerianNational PetroleumCompany (NNPC)Limitedhas expresseditspreparedness tosupplythePortlandGas LimitedMiniLNG/LCNG StationinGwagwalada, AbujafromtheAjaokuta KadunaKano(AKK) PipelinebyJuly2026.
Speakingatthe “StakeholderWorkshopin EmergingInvestment Opportunitiesinthe PortlandGasLimitedMini LNG/LCNGStationin Gwagwalada,”NNPC ExecutiveVicePresident forPower,GasandNew Energy,Mr.Olalekan Ogunleye,saidthestation willnotsimplyreleasegas, itwillreleaseproductivity, industrialgrowth,and
economicrenewal.
Mr.KachallaSuleiman, NNPCManagerfor BusinessDevelopment, whorepresentedhim,said “thecountdowntoJuly 2026hasbegun.Whenthe firstvalveopensin Gwagwalada,itwillnot simplyreleasegas,itwill releaseproductivity, industrialgrowth,and economicrenewal.”
(The Nation, February 26, 2026)
multipleavenuesto improveelectricitysupply acrossAbujaandother areaswithinitsfranchise area.Heassuredthatthe newNNPCplant,once operational,would contributetomorestable andreliablepower distribution.
AccompaniedbyAEDC's ChiefOperatingOfficer, BlessingOgbe,andChief TechnicalOfficer,Godfrey Aba,Okwuokenye highlightedongoing investmentsinnetwork reinforcement,including constructionofnewfeeders
andinjectionsubstationsto improvepowerqualityand reduceoutagesincritical areas.
Customersintargeted locationsareexpectedto experience18to20hours ofelectricitydaily,starting mid-March,asnew infrastructurecomeonline. Thecompanyisalso creatingalternativesupply routesandimproving systemflexibilitytoensure continuityduringperiodsof griddisturbances.
(Vangaurd, February 26 2026)
TotalEnergiestoinaugurate5MW solarplantatOML58
TheManagingDirectorof TotalEnergiesEPNigeria Limited,MathieuBouyer, hasannouncedplansto inaugurateafive-megawatt solarpowerplantatOML 58tosupplyelectricityto theUbetaGasProject.
Bouyerdisclosedthis duringapanelsessiontitled 'CapitalisingonAfrica's GlobalUpstream Momentum'atthe2026 NIESinAbuja,where industryleadersassessed investmentflowsand emergingopportunities acrossAfrica'soilandgas sector.Hedescribedthe solarprojectasacritical componentoftheUbeta Gasdevelopmentandsaidit wouldhelppositionthe fieldasoneoftheworld's firstnear-net-zerogas developments.
Thefive-megawattplantis expectedtoprovidea dedicatedpowersupplyto
OML58operations, reducingrelianceon conventionalenergysources andloweringthecarbon intensityofproduction.This green-energymove underscoresthecompany's pushtocutemissionswhile expandingNigeria'senergy output.
TheTotalEnergiesbossalso reaffirmedthecompany's commitmenttoexpanding Nigeria'senergysupply, whilereducingoperational emissions.Accordingto him,TotalEnergies'strategy inNigeriaisbuiltontwo corepillars:increasingoil andgasproductionand scalingupelectricity generationthrough integratedpowersolutions, inlinewiththecompany's globalambitionof deliveringmoreenergywith feweremissions.
(Punch, February 26, 2026)
Gasshortfallslashespower generationto4,300MW
Nigeria'selectricity generationhasfallentoan averageof4,300megawatts (MW)aftergassupplyto thermalpowerplants droppedtolessthanhalfof requiredvolumes, deepeningsupplyshortages andforcingloadshedding acrossthenationalgrid. TheNigerianIndependent
SystemOperator(NISO) saidthatinadequategas deliveriestopower generationcompanies (Gencos)areprimarily responsibleforthereduced output.
Thermalplants,which accountforthebulkof Nigeria'spowergeneration
AEDCslasheslosses, deploys70,000meters
TheAbujaElectricity DistributionCompany (AEDC)hasreducedits aggregatetechnical, commercial,andcollection lossesfrom42percentto 32percentwithinoneyear, asitintensifiesmetering, networkupgrades,and embeddedgeneration projectstoimprovepower supplyacrossitsfranchise area.
TheManagingDirectorof AEDC,Chijioke Okwuokenye,disclosedthis oninAbujaduringamedia briefing,wherehe highlightedthecompany's operationalmilestonesand long-termstrategyto stabilizeelectricitysupply.
Okwuokenyesaidthe companyhadalso increaseditsenergyintake byalmost15percentinthe pastyear,describingthe growthasakeyindicatorof improvedsupplyto customers.
(Punch, February 27, 2026)
mix,requireanestimated 1,629.75millionstandard cubicfeet(MMSCF)ofgas perdaytooperateat optimalcapacity
AsofFebruary23,2026, actualgassupplystoodat approximately692MMSCF perday,representingless than43percentofdaily requirements.Theshortfall ofabout937MMSCFper dayhassharplyconstrained availablepowergeneration capacity,directlyreducing thevolumeofelectricity dispatchedtoelectricity distributioncompanies (Discos).NISOclarified thatenergyallocationto Discosreflectsthereduced
supplyonthegridrather thandiscretionary curtailment.
Nigeria'spowersector remainsheavilydependent ongas-firedpowerplants, whichaccountforover70 percentofinstalled capacity.Thisstructural reliancemeansdisruptions ingasproduction,pipeline constraints,vandalism,or paymentbottlenecks betweenGencosandgas suppliersquicklytranslate intolowerpower generationandnationwide blackouts.
(BusinessDay, February 27, 2026)
NMDPRAcommissionsCNG refuelingfacilityatOAU
TheNigerianMidstream andDownstreamPetroleum RegulatoryAuthority (NMDPRA)hassaidthatits directorate,theMidstream andDownstreamGas InfrastructureFund (MDGIF),has commissionedanintegrated compressednaturalgas (CNG)refuelingfacilityat ObafemiAwolowo University(OAU),Ile-Ifein OsunState.
OluwoleAdama,executive directorofMDGIF,saidthe projectreflectsNigeria’s gas-basedenergytransition inaction.Henotedthatthe OAUfacilityisoneof20 CNGrefuelingprojects beingdeployedacross federaluniversities“to promotecleanermobility, expandaccesstogas infrastructureanddeliver measurablesocioeconomic benefits”.
Thevice-chancellorof OAU,AdebayoBamire,
commendedtheinitiative, sayingtheproject,designed toserveboththeuniversity andthesurrounding community,willfoster researchopportunitiesand promotepracticallearning andinnovationin alternativefuels.Onhis part,AkinnolaFola,group managingdirectorandchief executiveofficer,Femadec Group,reaffirmedthe company’scommitmentto deliveringsafe,efficientand scalableCNGinfrastructure nationwidethroughstrong publicandprivatesector collaboration.
TheOAUstationispartofa broadercollaboration involvingMDGIF,Femadec Energy,andthePresidential CNGInitiative(PCNGi),to establishintegratedCNG ecosystemsacross20 federaluniversities.
(The Cable, February 27, 2026)
Otticompensates4,000landowners forairport,beginssubsidisedelectric busservices
AbiaStateGovernor,Alex Otti,hasdisclosedthathis administrationhaspaid
compensationtoover4,000 outofnearly10,000 landownersaffectedbythe
MinisterhailsDeltamodularrefinery
TheMinisterofPetroleum Resources(Oil),Heineken Lokpobiri,hasexpressed satisfactionwiththelevelof workatthemodular refineryinKoko,Delta State.
Theministerdescribedthe projectasevidencethatthe FederalGovernment’s reformagendaisyielding tangibleresults.Speaking duringaninspectionvisitto thefacility,Lokpobirisaid thatlocallydrivenenergy infrastructureprojectssuch astheKokorefinerybeing constructedbyEbenco GlobalLinkLimitedare criticaltostrengtheningthe country’sdomesticrefining capacityandreducing relianceonimported petroleumproducts.
HeaddedthattheFederal Governmentremains committedtocreatingan enablingenvironmentfor privatesectorparticipation intheoilandgasindustry
(Punch, February 27, 2026)
NsuluAirportproject.Otti madethisknownatthe GovernmentHouse, Umuahia,duringthe Februaryeditionof “GovernorAlexOttiSpeaks toAbians,”hismonthly mediachat.
Thegovernorexplainedthat thecurrentphaseof compensationcovers landownerswhose propertiesfallwithinthe proposedrunwaycorridor, notingthattheprocessis beinghandled systematically.Governor Ottifurtherstatedthatthe governmenthadpublished
thenamesofclaimantsin theirrespective communitiesinthespiritof transparency
Thegovernoralso announcedthatthestate’s electricbusscheme,the GreenShuttles,will commencesubsidised operationsonMarch1.
Hesaidthebuseswould chargeatokenfareof₦800 fromUmuahiatoAbaand ₦1,000fromUmuahiato Ohafia.
(Punch, February 28, 2026)
TotalEnergieshandsOLO TrusttoAradel
TheNigerianUpstream PetroleumRegulatory Commissionhaspresided overtheformalhandoverof theOLOOilfieldHost CommunityDevelopment TrustfromTotalEnergiesto AradelHoldings,inwhat officialsdescribedasa majormilestoneinthe implementationofthe PetroleumIndustryActand theprotectionofhost communityinterestsduring operatortransitions.
Astatementissuedbythe NUPRCHeadofMediaand StrategicCommunication, EniolaAkinkuotu,saidthe moveisexpectedtoensure continuityincommunity developmentprogrammes despitethechangein operatoroftheOlo/Olo Westmarginalfield.
TheOLOHostCommunity DevelopmentTrustwas establishedinlinewiththe provisionsofthePetroleum IndustryAct,which mandatesoperatorsto contributethreepercentof theirpreviousyear’s operatingexpenditureto supportsustainable developmentinhost communities.Between 2023and2025,thetrusthas
enabledthecompletionof morethan100projects coveringwatersupply, electricity,road construction,education,and healthcare.About40 additionalprojectsare currentlyongoing,with over25,000residentsacross thehostcommunitiessaid tohavebenefiteddirectly fromtheinterventions.
ChairmanoftheBoardof TrusteesoftheOLOHost CommunityDevelopment Trust,WaleGodwin, commendedtheprogress recordedsofar,notingthat 118projectshadalready beendeliveredoutof160 planned.
Thehostcommunity frameworkunderthe PetroleumIndustryActis widelyregardedasoneof themostsignificantreforms inNigeria’soilandgas sector.Itwasintroducedto addresslongstanding grievancesinoil-producing communitiesover environmentaldegradation, poverty,andperceived neglectdespitedecadesof resourceextraction.
(Punch, February 28, 2026)
Dangotesigns$1bndealwith Chinesefirmtoexpandprojects acrossAfrica
DangoteCementPlc(DCP), asubsidiaryofDangote IndustriesLimited,has signeda$1billion agreementwithChina’s SinomaInternational Engineeringtoconstruct newplantsandexpand existingfacilitiesacross Africa.
Thelandmarkdeal,signed inLagosrecently,covers12 projectsacrossseven Africancountriesandispart ofDCP’splanto raiseproductioncapacityto 80milliontonnesper annumby2030,aligning withtheDangoteGroup’s broaderVision2030goalof generating$100billionin revenue.
AlikoDangote,Founder andPresidentofDangote Group,describedthe projectsas“critical enablers”designedto optimizeassetsandcapture growingdemandinAfrica’s constructionsector The projectsincludeanew integratedlineinNigeria withasatellitegrinding unit,newlinesinEthiopia, Zambia,Zimbabwe,
Tanzania,SierraLeone,and Cameroon,andexpansions inexistingNigerianplants inItori,Apapa,Lekki,Port Harcourt,andOnne.
SinomaInternational Engineeringwilloversee construction,brownfield expansions,and modernizationinitiatives, strengtheningproduction efficiencyandregional distributionnetworks.
Beyondcement,Dangote Grouphaspursuedparallel industrialexpansionsin energyandagriculture.The DangoteFertilizerPlantin Nigeriaisnowaregional hubfornitrogen-based fertilizers,supportingfood productionacrossWest Africa.
TheDangoteRefinerynow producingatitsfull nameplatecapacityof 650,000barrelsperday,is activelysupplyingproducts suchaspetrol,diesel,and aviationfueltothe Nigerianmarketand beyond.
(Business Insider Africa, February 28, 2026)
