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1 month ago | 
businessday.ng | Abubakar Ibrahim |Faith Esifiho
Nigerians are boiling as power outages intensify heat waves, pushing citizens to their limits. Across the nation, residents are struggling with high temperatures, with frequent blackouts exacerbating the already difficult weather conditions. In major cities like Lagos, Abuja, Benin and Port Harcourt, residents are voicing their frustrations as the power supply deteriorates.
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2 months ago | 
businessday.ng | Oladehinde Oladipo |Faith Esifiho |Dipo Oladehinde
A growing controversy over the circulation of substandard petrol in the market has left consumers and industry experts questioning the silence of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This came amid allegations from a viral video that the petrol from the Nigerian National Petroleum Company Limited (NNPC) doesn’t last long in fuel tanks.
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2 months ago | 
businessday.ng | Abubakar Ibrahim |Faith Esifiho
Nigerians have been thrown into darkness as the national grid experienced a collapse on Wednesday, February 2025, marking the first time in the year. Ikeja Electricity Distribution Company has reported that the system outage happened at 11:34am today. Read also: Ihovbor 230mw plant back on national grid after 13-year downtime Ikeja Electric stated on X: “Please be informed that we experienced a system outage today 12th February, 2025 at 11:34hrs affecting all our feeders.
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Jan 16, 2025 | 
businessday.ng | Faith Esifiho
Eterna Plc has announced the appointment of Olumide Adeosun as its new managing director and chief executive officer, effective February 3, 2025. The disclosure, signed by company secretary David Edet, was made available through the Nigerian Exchange platform. Adeosun succeeds Abiola Lawal, who will step down from the position on January 31, 2025.
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Jan 16, 2025 | 
businessday.ng | Faith Esifiho
The Organisation of the Petroleum Exporting Countries (OPEC) said the Dangote Refinery has significantly reduced Nigeria’s reliance on imported European refined products. In its Monthly Oil Market Report published on January 15, 2025, OPEC highlighted that the shift could disrupt traditional gasoline flows, forcing international markets to seek alternative destinations for surplus volumes.
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Jan 11, 2025 | 
businessday.ng | Faith Esifiho
The Transmission Company of Nigeria (TCN) has refuted reports of a national grid collapse on Saturday, attributing the power disruption to the tripping of transmission lines. In a statement by Ndidi Mbah, the general manager of public affairs, TCN clarified that the grid remained operational despite challenges that briefly affected electricity supply to Lagos and surrounding areas.
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Jan 11, 2025 | 
businessday.ng | Faith Esifiho
A widespread power outage on Saturday afternoon has sparked concerns among Nigerians about a possible national grid collapse. The outage, which occurred around 1:56 pm, led many to speculate about the state of the country’s national grid. Twitter users took to their account to express worries about a potential grid failure. Read also: National grid records first collapse in 2025“The way this light went off ehn, hope it’s not National Grid? Who get light right now?” @lollypeezle tweeted.
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Jan 11, 2025 | 
businessday.ng | Faith Esifiho
Nigerians have been thrown into darkness as the national grid experienced a collapse on Saturday, January 11, 2024, marking the first time in the year. According to data obtained from the Nigerian System Operator’s portal (niggrid.org), the collapse occurred at 1:56 pm. This incident follows a pattern of instability, with the grid suffering about 12 consecutive collapses in 2024. The cause of the latest failure is yet to be disclosed.
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Jan 11, 2025 | 
businessday.ng | Faith Esifiho
A widespread power outage on Saturday afternoon has sparked concerns among Nigerians about a possible national grid collapse. The outage, which occurred around 1:56 pm, led many to speculate about the state of the country’s national grid. Twitter users took to their account to express worries about a potential grid failure. Read also: Nigerians owe N349bn electricity debt in nine months“The way this light went off ehn, hope it’s not National Grid? Who get light right now?” @lollypeezle tweeted.
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Jan 10, 2025 | 
businessday.ng | Faith Esifiho
The Dangote Petroleum Refinery, one of the largest industrial projects in Africa, is making a significant move to expand its crude oil storage capacity. The refinery is building eight new storage tanks, adding an impressive 1 billion litres to its capacity. This step shows the refinery’s commitment to ensuring a steady supply of crude oil, especially as local sources have proven unreliable.
