London, Nov 12, 2025 – Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from its previous expectations of a speedy transition to cleaner fuels and predicting that the world will likely fail to achieve climate goals. The IEA, the West’s energy security watchdog, has been under pressure from the U.S. for a shift in recent years toward a focus on clean energy policies as President Donald Trump called on American companies to further expand oil and gas production. Under the Joe …
Abuja Electricity confirms retrenchment of 800 workers
Abuja, Nov. 7, 2025 – The Abuja Electricity Distribution Company (AEDC) has retrenched over 800 workers due to financial crisis. Some reports said the retrenchment exercise, which started on Wednesday, was due to the failure of the company to perform daily operational duties across its network as well as meet its obligations to workers. The company confirmed the mass retrenchment in a statement on Friday. It said the exercise was to reposition the company for improved customer satisfaction and sustainable growth. According to the statement the mass sack was due …
NERC approves N28bn for Discos to provide meters free to Band A and B customers
Abuja, Oct. 16, 2025 – The Federal Government has approved N28 billion for Electricity Distribution Companies (DisCos) to install prepaid meters under the second phase of Meter Acquisition Fund (MAF) Scheme. The meters are to be provided for all outstanding Band A and B customers free of charge. The Nigerian Electricity Regulatory Commission (NERC), gave the directive via an order titled “Operationalisation of Tranche B of the Meter Acquisition Fund” published on its website. The order was signed by NERC Vice Chairman, Dr. Musiliu Oseni, and the Commissioner for …
Over 90% of global electricity to be powered by renewables by 2050
Abu Dhabi (UAE), Oct. 6, 2025 – Renewable energy is projected to account for 91% of global electricity by 2050, with solar photovoltaics and wind energy leading the forecast. According to the International Renewable Energy Agency (IRENA), this makes large-scale renewables projects and the connection of large consumer loads a priority for the energy transition. “Despite the record addition of around 582 GW of new renewable power capacity in 2024, achieving the global target of 11.2 terawatts of renewables capacity by 2030 still requires addressing major gap,” IRENA said. …
South African state-owned utility Eskom makes first profit in eight years
Johannesburg, Oct. 2, 2025 – It’s a silver lining for South Africa’s electricity market and wider economy: utility Eskom made a 16 billion rand profit in the financial year ending in March 2025, the first since 2017. But some uncertainties remain. South Africa’s state-owned utility company Eskom has reported its first full-year profit since 2017. The electricity producer, Africa’s largest, has been helped out of an eight-year long period of losses by government debt relief, higher tariffs and reduced power cuts. For the financial year ending in March 2025, …
Blackout looms nationwide as GenCos give notice
Lagos, Sept. 29, 2025 – Blackout looms across the country from Monday as Electricity Generation Companies (GenCos) have given notification to this effect. GenCos gave the notice on Sunday through a WhatsApp statement issued by Joy Ogaji, the Executive Secretary of the association. She said the Nigerian Gas Infrastructure Company had issued a notification to comply with the PENGASSAN directive for members to cut gas supplies. Ogaji said the notice would lead to the shutdown of the country’s Thermal GenCos. The statement reads: “Good day all. Thermal Gencos have …
17 African countries commit to reforms, actionable plans to expand access to electricity
Lagos, Sept. 25, 2025 – Seventeen African countries have committed to reforms and actionable plans to expand electricity access as part of Mission 300, an ambitious partnership led by the World Bank Group and African Development Bank Group (AfDB). These countries plan to connect 300 million Africans to electricity by 2030. According to a statement by the AfDB on Thursday, the commitments were made during the just concluded Bloomberg Philanthropies Global Forum where the national Energy Compacts – practical blueprints that guide public spending, trigger reforms, and attract private capital …
Rural electricity consumers enjoy more stable power than urban centres – REA boss
Lagos, Aug. 25, 2025 – Some communities in rural areas enjoy more stable power supply than those in urban centres. Abba Aliyu, the Managing Director of the Rural Electrification Agency (REA), disclosed this on Monday while speaking on Channels Television’s programme “The Morning Brief.” He said many rural communities now enjoy stable electricity supply through completed mini-grid projects and consequently pay higher tariffs than Band A customers in urban centres. Aliyu said the stable electricity being enjoyed by rural communities was due the electricity model deployed in rural areas which …
Tinubu’s N100bn solar initiative will cut public sector energy costs, create green jobs – TSF
Abuja, Aug. 21,2025 – The Tinubu Stakeholders Forum (TSF) says the N100 billion National Public Sector Solarisation Initiative (NPSSI) will reduce the cost of powering public institutions, strengthen service delivery, and position Nigeria as a leader in renewable energy adoption. The group made this observation in a statement signed by the Chairman of the Forum, Ahmad Sajoh, and Secretary, Sada Danjuma. It said the project would directly address the challenge of unreliable power supply and escalating diesel costs in the public sector. The government is to deploy distributed solar power …
FG to launch pay-as-you go model of payment for electricity
Abuja, Aug. 15, 2025 – The federal government is to launch pay-as-you-go model of payment for electricity to eliminate subsidies and stop government’s indebtedness to power sector operators. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, disclosed this in Abuja on Thursday. He said this would be part of the steps by government to tackle its debts and transit to a fully deregulated environment. The minister said the transition to the new model would take effect after the government settles its outstanding N4 trillion debt to …