Business
Power Supply To Drop Again, TCN Alerts Nigerians
Published
3 years agoon
By
Editor
Power supply will drop by 50 megawatts on Wednesday, The PUNCH reports.
The Transmission Company of Nigeria, in a statement on Monday, said the drop would be as a result of planned annual “preventive maintenance” on the line bay at Lekki Transmission Substation in Lagos.
During the maintenance period, about 50MW will be interrupted, affecting power supply to Lekki phase 1, Oniru, Elegushi, Waterfront, Igbo Efon and Twenty-first Century Estate in Lagos state.
“TCN regrets all inconvenience this might cause electricity consumers in the affected area,” the statement said.
The announcement came on the heels of a promise by the Nigerian electricity Regulatory Commission to deliver atleast 5000MW of electricity to Nigerians starting from July 1.
READ ALSO: National Grid Collapse: Customers Alerted On Cause Of Darkness
Checks by The PUNCH showed that peak generation as of 3:24 PM on Monday was put at 3, 967MW, while the lowest generation was 3, 539MW, according to statistics from the Nigerian Electricity System Operator, NESO.
The NERC had responded to a widespread public clamour following consistent system collapsing of the power grid, over four incidents recorded so far this year.
According to the commission, all hands are on deck to ensure boost in power generation and supply to electricity consumers, adding that all stakeholders, including gas firms had signed binding contracts to the effect.
“Although there have been contracts in the past, they were not binding and the parties could decide not to honour them. But with the new agreement, we would make sure no party defaults once the contracts are signed. Whoever defaults will be held responsible and will be sanctioned”, NERC Chairman, Garba Sanusi had said during a media parley in Lagos.
However, a metering expert, Sesan Okunade, had told The PUNCH that power generation was not what Nigeria should be battling to solve at the moment.
“We have generated more than this before that have been sold to neighboring countries. Our problem is transmission and the Disco whose infrastructure is not capable of withholding the supply if more power is transmitted from the Genco. Some of the reasons for system collapse is the excess kilowatt not being collected by Disco due the technical and commercial loss.”
He said NERC should mandate the Disco on good connection policy devoid of the curweb currently in the network so that energy will be well accounted for; adding that this will assist in knowing if more is to be transmitted to such Disco.
“Good connection policy and investment in transformers to replace the obsolete one will assist in what is being generated to be effectively received by Discos”, he added.
READ ALSO: JUST IN: Blackout As National Grid Collapses Again
Experts say Nigeria needs atleast 30, 000MW to attain power sufficiency.
National President, Electricity Consumers Association of Nigeria, Barr. Chijioke James, questioned why NERC should still set a target of 5000MW when Nigerian consumers were told years ago that the generation capacity was over 6000MW.
“We are therefore surprised that in 2022 NERC is promising delivery of 5000MW.
This does not give consumers confidence that the current situation will change for the better soonest”, he said.
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Business
NNPCL Reduces Fuel Price After Dangote Refinery’s Adjustment
Published
2 weeks agoon
August 14, 2025By
Editor
The Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price on Thursday, according to DAILY POST.
It was confirmed that NNPCL retail outlets in the Federal Capital Territory, Abuja, have reduced their pump price to N890 per litre from N945.
This new fuel price has been reflected in NNPCL retail outlets such as mega station Danziyal Plaza, Central Area, Wuse Zone 4, Wuse Zone 6, and other of its filling stations in the nation’s capital.
READ ALSO:N5bn Damage: NNPCL Secures Appeal Court Victory Against Ararume
The latest downward review of fuel price in NNPCL outlets represents an N55 reduction in fuel pump price.
“It was reduced to N890 per litre this afternoon, down from N945,” an NNPCL fuel attendant told DAILY POST anonymously on Thursday.
This comes a Nigerian filling station, MRS Empire Energy, on Thursday adjusted their fuel pump price to N885 and N946 per litre, down from N910 and N955 per litre.
The latest fuel price reduction trend is unconnected to Dangote Refinery’s ex-depot petrol price adjustment by N30 to N820 per litre from N850 and the price of crude oil in the international market.

Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly known as petrol, by N30, from N850 to N820 per litre, effective from August 12, 2025.
This was disclosed in a statement by the company’s spokesman, Anthony Chijiena, on Tuesday.
The 650,000-barrel-per-day plant said the move is part of its unwavering commitment to national development, assuring the public of a consistent and uninterrupted supply of petroleum products.
READ ALSO:Dangote Refinery Gets New CEO
“In line with our dedication to operational excellence and sustainable energy solutions, Dangote Petroleum Refinery will commence the phased deployment of 4,000 CNG-powered trucks for fuel distribution across Nigeria, effective August 15, 2025,” said Chijiena.
The announcement comes as the refinery prepares to commence direct fuel distribution nationwide. The development is expected to lead petroleum product marketers to reduce their pump prices in the coming days.
In Abuja, the retail fuel price stood between N885 and N970 per litre as of Tuesday evening.
Business
Indian Refiners Abandon Russia For Nigerian Crude, As Dangote Refinery Relies On US
Published
2 weeks agoon
August 11, 2025By
Editor
India Refineries have abandoned Russian crude for Nigerian crude, while domestic refiner Dangote Refinery relies heavily on West Texas Intermediate crude from the United States of America.
This followed a recent sanction threat by US president Donald Trump on India over continued patronage of Russian crude.
According to Reuters, industry sources said that Indian Oil Corporation recently bought one million barrels of Nigeria’s Agbami crude for September 2025 delivery in a tender awarded to global trader Trafigura.
Also included are one million barrels of Angola Girassol, one million barrels of US Mars, three million barrels of Abu Dhabi Murban, and two million barrels of Nigerian oil, according to Reuters.
READ ALSO:‘My Eyes Dey Your Body’: Drama As Portable Professes Love For Regina Daniels
The report noted that the purchase is part of a broader sourcing spree that has seen Indian refiners secure millions of barrels from non-Russian sources post July 2025.
Meanwhile, Indian refiners secured purchases of Nigerian crude grades; the $20bn Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, is relying on around 60 percent on US and other imoorts to feed its processing units.
Data showed that the refinery imported an average of 10 million barrels in July 2025, saying it was increasingly relying on the US for its feedstock despite the naira-for-crude deal with the Federal Government, which kicked off in October last year.
According to Reuters, the Indian Oil Corp and Bharat Petroleum have bought a million barrels of non-Russian crude billed for delivery in September and October after the US pressured India to halt purchases from Russia.
READ ALSO:
Indian state refiners had been largely absent from the Nigerian crude market spotlight since 2022; they have in the past concentrated on Russian crude amid the Russian-Ukrainian war. However, the Indian refiners paused Russian purchases in late July 2025 after pressure from US President Donald Trump.
On the part of Dangote Refinery, data from commodities analytics firm Kpler showed that in July, US barrels accounted for about 60 percent of Dangote’s 590,000 barrels per day of crude intake, with Nigerian grades making up the remaining 40 percent.
In July, the Dangote refinery’s crude imports surged to a record 590 kbd—driven largely by US barrels overtaking Nigerian supply for the first time—amid ongoing domestic sourcing challenges, Kpler reports.
“While WTI has held a significant share in Dangote’s import slate since March, this is the first time US crude has overtaken Nigerian supply—a shift driven by several factors,” Kpler stated.
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