Bola Tinubu energy reforms
West Africa Imports 69% Petrol Despite Refinery Surge – NMDPRA
Despite significant investments in refining infrastructure across West Africa, the region continues to rely heavily on imported petroleum products, with nearly 69 per cent of its gasoline supply sourced from overseas markets. This was disclosed by the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, at the Global Commodity […]
FG’s Power Subsidy Hits N536bn in Q1 Despite Debt Pile
Despite mounting financial pressures and an outstanding ₦4.7tn debt to power generation companies (GenCos), the Federal Government of Nigeria spent a staggering ₦536.4bn on electricity subsidies in the first quarter of 2025 alone, according to the latest report by the Nigerian Electricity Regulatory Commission (NERC). The Q1 figure marks a ₦64.7bn rise from the ₦471.69bn […]