power generation

The International Energy Agency is preparing its largest-ever strategic reserve release to counter oil price surges driven by Middle East tensions, while Nigeria grapples with gas shortages disrupting power generation and diesel price spikes threatening its generator-dependent economy.

Federal government attributes widespread power cuts to gas supply shortfalls affecting thermal generation capacity, as industry experts demand comprehensive reforms and infrastructure investment to unlock the country's 209 trillion cubic feet gas reserves.

Federal and state governments unveil major spending commitments including N170 billion for rural electrification, N2.39 trillion for education, and N152.4 billion for Kaduna local governments as Nigeria accelerates infrastructure development.

Federal and state governments advance major investment deals spanning $5.7 billion in mining and manufacturing, $4 billion fertilizer complex, and regional electrification programs as Nigeria accelerates infrastructure development.

TotalEnergies commits to reducing carbon intensity in Nigerian operations while the NCDMB enforces mandatory content levies and labor tensions escalate between power generation companies and unions.

The Nigeria Labour Congress has dismissed debt claims totaling N6 trillion by power generation companies as illegitimate, escalating tensions in Nigeria's troubled electricity sector where operational inefficiencies and payment disputes have stalled reform efforts.

Industry executives warn Nigeria's declared 'Decade of Gas' requires immediate upstream capital deployment, while state-owned Niger Delta Power Holding Company advances risk mitigation protocols at thermal facilities amid chronic generation shortfalls.