Energy
Nigeria’s N23bn Electricity Exports Amidst Widespread Darkness Spark Outrage
Consumers of electricity expressed their discontent on Wednesday regarding the export of approximately N23.13 billion worth of electricity from Nigeria to neighboring countries in 2022.
This export took place despite the prevalent lack of electricity in numerous Nigerian communities.
According to recent data obtained from the Nigerian Electricity Regulatory Commission in Abuja, Nigeria continued its export of electricity to the Republics of Benin and Niger, as well as certain special consumer categories.
The data revealed that the total value of electricity exported from Nigeria in 2022 amounted to $50.98 million (equivalent to N23.5 billion based on the official exchange rate of N461/$ last year).
However, international customers only remitted $32.69 million, which is approximately N15.1 billion.
The National Secretary, Nigeria Electricity Consumer Advocacy Network, Uket Obonga said “A World Bank report puts the total number of Nigerians that are not connected to the national electricity grid at about 90 million, out of about 220 million Nigerians. This is about the highest in the world.
“China, with a population of 1.4 or 1.5 billion people, has about 68 million Chinese persons who are not connected to electricity. Now, compare that to the 90 million people in Nigeria that are not electrified.
“But despite that, you are now exporting such a scarce commodity that your people desperately need. What kind of economic sense is that? When you hear such things you wonder whether it is on planet Earth that it is happening. The people behind that idea, what are they thinking?”
The Nigerian Electricity Regulatory Commission (NERC) has provided updates on the remittances made by special/cross-border customers in the fourth quarter of 2022. According to NERC, Transcorp-SBEE and Mainstream-NIGELEC received invoices of $3.44 million and $5.5 million respectively from the Market Operator (MO). They made remittances of $0.93 million (27.04 percent) and $5.44 million (98.9 percent) respectively.
Transcorp-SBEE is the power firm in Benin Republic known as Société Beninoise d’Énergie Electrique (SBEE), while Mainstream-NIGELEC represents the power utility firm in Niger Republic called Société Nigérienne d’Electricité (NIGELEC).
Based on the data provided by NERC, the total remittance from Transcorp-SBEE and Mainstream-NIGELEC in the fourth quarter of 2022 amounted to $6.37 million, indicating that they failed to remit $2.57 million during the same period.
“However, no remittance was made to the MO by Paras-SBEE and Odukpani-CEET against invoices of $3.03m and $2.02m respectively. The non-settlement of market obligations by this category of market participants should be a call to action for MO to activate relevant safeguards for remittance shortfalls,” the NERC stated.
Energy
Shell Completes Turnaround Maintenance on FPSO, Resumes Production at Bonga
The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier deepwater field on March 6, 2026.
Biztellers reports that the project was delivered 11 days ahead of schedule and without any safety incident, reinforcing SNEPCo’s longstanding commitment to operational excellence and asset integrity.
“Completing the turnaround safely and ahead of schedule is a testament to the dedication and professionalism of our Nigerian workforce and the helpful support of our partners,” SNEPCo Managing Director Ronald Adams said. “The achievement not only secures the long‑term integrity of the Bonga FPSO but also positions us strongly for the successful delivery of the Bonga North project, which will leverage the improved reliability of the FPSO.”
The exercise which began on February 1, 2026, highlights SNEPCo’s leading role in advancing deep‑water expertise in Nigeria. Of the 55 companies involved in the execution, 43 were wholly Nigerian. Additionally, eight of the 12 international service providers maintain operational bases in Nigeria, contributing to knowledge transfer and increased local investments.
More than 1,000 personnel worked offshore during the turnaround, with over 95% being Nigerians involved in maintenance, engineering, operations, inspection and construction. Thousands more supported activities from onshore locations, reflecting the depth of Nigerian capability in offshore oil and gas operations.
Adams added: “We acknowledge the support of several stakeholders towards the successful execution of the exercise, including the NNPC Upstream Investment Management Services (NUIMS), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Content Development and Monitoring Board (NCDMB) and our partners.”
Business
Sahara Group expands fleet with new 40,000 cbm LPG Carrier
Modupe Asudo
Sahara Group, a leading global energy and infrastructure conglomerate, has commissioned MT Asharami Ghana, a 40,000‑cubic‑metre Liquefied Petroleum Gas (LPG) carrier, expanding its fleet capacity, while strengthening Ghana’s clean energy supply chain and LPG distribution network.
The dual‑fuel vessel improves operational efficiency, enhances supply reliability, and supports lower‑emission LPG logistics as consumption grows across Ghana and the wider sub‑region.
Speaking at the commissioning in Ulsan, South Korea, President John Dramani Mahama described the vessel as “a significant milestone in strengthening the infrastructure that underpins the global LPG supply chain,” noting that expanded shipping capacity is critical to improving supply security, reliability and efficiency for countries that rely partly on LPG imports.
He commended Sahara Group, WAGL Energy and all partners involved for their “leadership, technical expertise and strategic foresight,” adding that the project reflects “the power of partnership” in advancing safe, efficient, and responsible energy distribution.
President Mahama wished the MT Asharami Ghana safe sails, expressing confidence that the vessel would inspire further investment and collaboration across Africa’s energy value chain.
According to Wale Ajibade, Executive Director, Sahara Group, the vessel supports Ghana’s clean energy ambitions through integrated infrastructure.
“MT Asharami Ghana is more than a vessel; it is part of a deliberate strategy to strengthen LPG supply security and support Ghana’s clean energy ambitions. It secures an additional 25,000-Metric-tonne stock security for the Ghana economy, alongside the soon to be commissioned 6000-metric-tonee of 12.000-metric-tonne land storage in Tema,” he said.
With the addition of Asharami Ghana, Sahara Group’s LPG carrier fleet now comprises six delivered vessels with a combined capacity of 202,000 cubic metres. Supported by partnerships with WAGL Energy, NNPC Limited and other stakeholders, an additional 270,000 cubic metres of capacity is under construction and due for delivery by September 2028.
Temitope Shonubi, Executive Director, Sahara Group, said Asharami Ghana is part of Sahara’s integrated LPG infrastructure strategy spanning shipping, storage, and downstream distribution globally, including the development of a 12,000‑metric‑tonne land‑based LPG storage terminal in Tema, with a 6,000‑metric‑tonne first phase scheduled for completion in May 2026.
He thanked Yaa Serwaa Alifo, MD of Asharami Ghana, for her resilience and insistence to dedicate a ship of “this magnitude solely to the Ghana Market and its landlocked neighbours.”
Ghana is targeting LPG adoption of 50 per cent of households by 2030, up from about 30 per cent today. Sahara’s investments will support clean energy access for more than 35 million people, while strengthening Ghana’s role in regional LPG trade to neighbouring and landlocked West African markets.
The commissioning comes in Sahara Group’s 30th anniversary year, guided by the Sahara Beyond XXX milestone, underscoring Sahara’s focus on building an enduring enterprise that delivers responsible growth, shared prosperity and long‑term impact across its markets.
Energy
Nigeria’s Crude Output Falls to 1.3mbpd
Nigeria’s crude oil production dropped to 1.31 million barrels per day in February, even as local refineries continue to grapple with inadequate domestic crude supply needed to sustain operations.
The development shows that Nigeria again failed to meet its crude oil production quota of 1.5 million barrels per day approved by the Organisation of the Petroleum Exporting Countries (OPEC), as output declined sharply in February 2026.
Data from OPEC’s latest Monthly Oil Market Report, based on direct communication from member countries, showed that Nigeria produced 1.314 million barrels per day in February, down from 1.459 mbpd recorded in January.
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The figures indicate a month-on-month decline of 146,000 barrels per day, widening the country’s shortfall from its OPEC production allocation.
Nigeria’s inability to meet its OPEC production quota is not only affecting its oil export earnings but also adversely impacting domestic refineries that are starved of feedstock for their operations.






