Tuesday. Less light. Ikeja Electric cut supply hours. It blamed a shortfall in the power allocated to its network from the national grid. In Ogun, the Ibadan Electricity Distribution Company, IBEDC, announced a load restriction on its Ota, Papa and Abeokuta…

The Senate public accounts committee is going through three years of oil and gas audits by NEITI, the Nigeria Extractive Industries Transparency Initiative. First hearing, 3 August. Empty chairs. The central bank, the Niger Delta Development Commission, the upstream…

On Tuesday, Vice-President Kashim Shettima had a message for NNPC’s chief executive. He told Bayo Ojulari, “you will overwhelm us the way Dangote did.” He was speaking in Abuja at the fifth anniversary of NUPRC, the upstream regulator. He said he’d learnt NNPC…

The Central Bank of Nigeria’s September surveys point in opposite directions. The business reading rose, and the household reading fell. The CBN’s composite Purchasing Managers’ Index rose to 53.0 in September from 52.7 in August. That is a fourth straight month…

Nigeria’s electricity subsidy obligation was N679.58 billion in six months, 35 per cent below a year earlier. The regulator ties the latest quarterly fall to less power being taken. Atiku Abubakar has pledged to restore the petrol subsidy if he’s elected in…

Eight unions have threatened a three-day warning strike from tomorrow. The price they want is under 40 per cent of the gantry price Dangote charged marketers on 21 September. Eight public sector unions want petrol at ₦500 a litre. On 21 September, Dangote’s gantry…

A Federal High Court has ordered the fuel regulator to keep licensing three named importers. Dangote’s separate case returns to a Lagos court on 7 October. Two cases are testing how the Petroleum Industry Act applies to fuel imports. One court has issued its judgment….