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Nigerians are paying 300 per cent more for electricity while receiving the same dismal service. Two years after the government introduced Band A tariffs to boost revenue, the power grid remains stuck. Data from the Independent System Operator shows average generation hovers around 4,200 megawatts. Distribution companies ration even less, sharing just 3,618 megawatts among…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has announced an upward adjustment in the Domestic Base Price of natural gas, setting the new rate at $2.18 per Million British Thermal Units effective April 1, 2026. The new pricing structure represents a five-cent increase from the 2025 rate of $2.13 per MMBtu applicable…
The Federal Government has initiated a fresh strategic framework to synchronize domestic gas production with national power requirements. This policy aims to eliminate the persistent supply bottlenecks currently hindering the stability of the national electricity grid. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, officially disclosed this directive during a recent industry summit. The…
