Business
Rollout of new electricity meters from May 1 not realistic, says manufacturer

Momas Electricity Meter Manufacturing Company Ltd. says Nigerian Electricity Regulatory Commission (NERC) directives to begin the roll out of new meters by May 1 is not feasible and realistic.
Kola Balogun, Chairman of the company, told Nationaltrail in Lagos on Sunday that rolling out meters by May 1 as directed by the NERC was unachievable, considering other challenges that required attention.
Nationaltrail reports that on April 5, NERC issued permits to Meter Asset Providers (MAPs) to roll-out new meters not later than May 1, 2019.
According to Balogun, the directive cannot work; in the first instance, consumers need to be educated about what is expected of them to have access to MAP licensee.
“Secondly, consumers have to be informed on the methods of acquiring meters, whether by payment or by investment.
“Lastly, every manufacturer ( licensee) that wants to roll out meters needs a grace of three months to enable them have the meters available in their warehouses.
“The modality to start rolling out meters has to be put in place viz a viz all the various documentations that are required and the infrastructure that will make deployment a smooth running, ‘’ he said.
“If we are licensed this month (April) three months are enough for us to prepare, that is April May and June, while in July we start implementation.
“Except for few numbers of us who have some stock at hand that can roll out but the modality to roll out is also a question.
“ Apart from NERC giving licences, we still need processes to be put in place before meters will get to consumers because we need to train the meter installers, they need to be adequately trained on installation in consumers’ premises.
“Consumers also need to be educated on payments, there will also be an “EXCO account’’ in the process. These are challenges that require a long period.
“While that one is going on, anybody who wants to place an order from manufactures will also be signing a contract agreement for the meters.
“Those who want to import will also be making orders for importations,’’ Balogun explained.
The indigenous meter manufacturer said he could not fathom how the NERC came up with such directive, because of the time frame required in the processes.
“NERC only engaged few MAPs last week and then we have Mojec and others, including two Discos and we still have about 8-9 Discos which are on the process of licensing.
“However, the process needs to be expantiated so that the media will have a clear understanding of the issues and the directive.
He said that according to NERC perspective, meter prices have been benchmarked on what was accepted for consumers to pay.
He said that consumer would be paying between N36,000 to N37,000 on single phase meters and between N63,000 and N67,000 on three phase meters, saying that was the position of the regulator.
“We have the capacity to roll out massively, when the projects kick start and we also pray for that.
“We have sufficient financial support from financial institutions like the CBN and other financial institutions that will support the schemes to have sufficient fund to rollout meters massively.
On April 3, 2018, the NERC introduced the MAP regulation to new investors in the power sector to fast-track the roll-out of meters through the engagement of third-party investors.
The Commission issued permits to Meter Asset Providers (MAPs) on April 5 in accordance with section 4(3) of the MAP Regulations 2018, to MAPs that were successful in the procurement conducted by Abuja and Jos Discos.
Section 4(3) of the MAP Regulation 2018 require all electricity distribution licensees to engage MAPs that will assist as investors, in closing the metering gap and thus eliminating estimated billing in the Nigerian Electricity Supply Industry (NESI).
Business
Dangote Refinery Boosts Fuel Exports as Gulf Refineries Shut Down

By: Fabian Apechihin
The Dangote Petroleum Refinery has ramped up fuel exports to international markets amid widespread refinery shutdowns in the Middle East, industry sources confirmed.
A senior official at the $20bn Lagos-based plant told The PUNCH that the facility exported significant volumes of petrol (PMS), diesel (AGO), and aviation fuel (Jet A1) to foreign buyers in August, following earlier shipments in June and July.
The surge comes as Saudi Aramco and other regional producers face heavy maintenance schedules, tightening fuel supply. Aramco has already shut down two plants and plans further closures, including its 460,000 b/d Satorp refinery in Jubail for a 60-day turnaround in November–December. Kuwait and India are also scaling back capacity for maintenance and seasonal demand.
According to Argus Media, these shutdowns are pushing Gulf nations to import record volumes of gasoline, with Saudi Arabia and the UAE sharply increasing purchases from Europe and other markets in recent months.
While some reports pointed to operational constraints at Dangote’s 650,000 b/d facility, the company dismissed such claims, insisting production is on track to reach 700,000 b/d by December. Earlier this year, Aliko Dangote announced the refinery had sold two cargoes of jet fuel to Saudi Aramco and recently achieved exports of about 1 million tonnes of petrol between June and July.
“With Gulf refiners offline, Nigeria has now emerged as a net exporter of refined products,” Dangote said.
Analysts suggest the extended refinery outages in the Middle East will further strengthen demand for Dangote’s output, positioning the Nigerian plant as a key supplier in regional fuel markets.
Would you like me to tighten this further into a 5–6 paragraph wire-style news brief, or keep it as a detailed feature-style report with more context on Gulf refinery shutdowns?
Business
US Oil Exports to Nigeria, Others Fall to 3.3m bpd as Local Output Rises

By: Fabian Apechihin
The United States’ crude oil exports to Nigeria and other African countries fell for the fifth consecutive month in July 2025, averaging 3.3 million barrels per day (bpd), the lowest level since March 2022.
The Organisation of Petroleum Exporting Countries (OPEC) disclosed this in its August 2025 Monthly Oil Market Report (MOMR), attributing the decline to weaker flows to Europe and Africa, particularly Nigeria, but without giving further details.
Industry analysts link the slowdown to the ramp-up of local refining capacity, especially the 650,000 bpd Dangote Refinery, which has reduced Nigeria’s reliance on imported crude, including from the US. Vanguard checks also show that crude importation has slowed further in recent months due to improved domestic production.
According to OPEC data, Nigeria’s crude oil output—excluding condensates—rose by 11 per cent year-on-year to 1.559 million bpd in July 2025, up from 1.386 million bpd in the same period of 2024. This marks the country’s highest monthly production level so far this year.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) corroborated the figures, stating that overall output, including condensates, exceeded 1.8 million bpd in July.
Gbenga Komolafe, Chief Executive of the NUPRC, said the milestone was achieved through the agency’s “Project 1 MMBOPD Incremental” initiative, supported by a multi-stakeholder collaborative framework.
“We are glad to report that we crossed the 1.8 million bpd mark on peak production last month, with average production hovering at 1.78 million bpd,” Komolafe stated.
He added that the Commission is working to sustain production growth by optimising the Maximum Efficient Rate (MER) framework, improving produced water management, and aligning operational shutdowns and maintenance schedules to minimise disruptions.
“With these measures and continued collaboration, the presidential mandate on production increase is well within reach,” he said.
Do you want me to make this rewrite more concise for a newspaper front-page brief or keep it detailed like a full energy market report?
Business
NDYPC Hails Otuaro’s Reforms in Presidential Amnesty Programme

• Lauds transparency, fairness in beneficiary selection and grassroots empowerment
• Says reforms align with Tinubu’s Renewed Hope Agenda, restore trust in Niger Delta
The Niger Delta Youths for Positive Change (NDYPC) has commended the Administrator of the Presidential Amnesty Programme (PAP), Dr. Dennis Otuaro, for what it described as bold, people-focused reforms that are restoring trust and delivering tangible benefits to the Niger Delta.
In a statement signed and issued by Comrade Elliott Yibakeni, after the conclusion of leadership training sessions with ex-agitator leaders in Abuja, the group said the PAP, once in urgent need of renewal, is now undergoing a transformation that reflects transparency, fairness, and accountability.
“At a time when public trust in institutions was waning, Dr. Otuaro has emerged as a symbol of credibility and transformation,” the statement read. “His visionary leadership is restoring integrity, empowering communities, and driving a sustainable development agenda that resonates with the aspirations of the Niger Delta.”
According to NDYPC, under Otuaro’s leadership, beneficiary selection has become fair and merit-based, ending years of favoritism and political interference. The group added that access to education, skills training, and empowerment opportunities, both locally and abroad, is now guided by equity and open competition.
The group highlighted several internal reforms, including improved staff welfare, strengthened professional capacity, and strict adherence to best practices in public procurement. These, it said, have made the PAP more efficient, responsive, and transparent.
NDYPC also praised Otuaro’s inclusive governance style, noting his sustained engagement with traditional rulers, women leaders, civil society organizations, and local communities. This approach, the group said, has strengthened peace-building efforts and deepened trust between the PAP and the people it serves.
In line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the PAP has maintained consistent payment of stipends to ex-agitators and extended direct support to vulnerable populations. NDYPC also applauded new healthcare interventions for ex-agitators facing health challenges.
The statement further commended the programme’s investments in scholarships, vocational training, and economic empowerment initiatives aimed at preparing Niger Delta youths for leadership, innovation, and sustainable livelihoods.
“Every decision reflects a deep commitment to public trust, responsible stewardship, and long-term development,” NDYPC stated. “Under Dr. Otuaro’s watch, the Niger Delta is rising stronger, united, and filled with renewed hope.”
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