Business
FG Blames Drop in Electricity Generation on Shutdown of Critical Gas Plant
– Targets 1,000MW from reactivated 14 solar projects
– Tasks gas operators on the accuracy of dispensing instruments
The federal government yesterday explained that the drop in electricity generation was a result of the partial shutdown of the Oben gas plant for the repair of critical gas processing equipment.
It has also disclosed that the 14 reactivated independent power plants (IPP) across the country will produce off-grid electricity of 1,000 megawatts.
A statement by the Federal Ministry of Power disclosed that Seplat Energy Plc had mobilised equipment, material, and personnel to the site to expedite the restoration of normal gas supply to the affected power plants.
The statement read: “We wish to notify the general public that the current dip in electricity generation is a result of the partial shutdown of the Oben gas plant to address the repair of critical gas processing equipment.”
“The incident, unfortunately, occurred at a time when other power plants on other gas sources are undergoing planned maintenance and capacity testing.
“We wish to notify the public that Seplat Energy Plc has mobilised equipment, material, and personnel to the site to expedite the restoration of normal gas supply to the affected power plants.
“We have been assured that the repair work would be concluded this weekend and normalcy will be restored. While pleading with electricity consumers with the current state of supply, we wish to assure the general public that efforts are being made for a sustained improvement of supply across the country.”
Meanwhile, the Minister of Power Abubakar Aliyu has disclosed that the 14 reactivated IPP across the country will produce off-grid electricity of 1,000 MW.
Aliyu disclosed the maiden three-day Nigeria-African Natural Resource and Energy Investment Summit hosted by the Ministry of Mines and Steel Development in collaboration with other stakeholders in Abuja.
The maiden event has the theme: “Towards a Greener Africa” which ended at the weekend.
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The minister said, “government has reactivated 14 IPP Solar Projects across the country. These IPPs, which are currently undergoing Technical and Financial Evaluation, shall contribute 1000MW off-grid. 10 state governments are enabling solar projects in their states that will deliver 100MW each contributing 1,000MW off-grid.
“The 10MW Katsina Wind Farms already contributing to the grid and is being considered for a solar hybrid that will optimise its availability to 20MW. Once we stabilise the base load through the hydropower plants at various stages of completion, we shall integrate all the off-grid structures to the national grid, increasing our energy mix.”
He noted that African governments must be proactive and responsive to the course collectively as that is a prerequisite for achieving a cleaner energy future, adding “It is only by this can Africa actualise its green transition”.
Speaking further on international partnership toward greener energy, Aliyu said, “Countries, like Nigeria, have made commitments to achieve their Nationally Determined Contributions (NDCs) in line with the Paris Agreement on Climate Change and the COP26 Agreement in Glasgow.
“To achieve this, we have to scale up our Solar, Wind, hydropower, and even the new hydrogen opportunities, including other new clean technologies.
Africa needs to focus on proven approaches, as well as the mobilisation of resources to take advantage of carbon-neutral energy sources.
FG Tasks Gas Operators on Accuracy of Dispensing Instruments
In a related development, the federal government has directed operators in the Liquefied Petroleum Gas (LPG) sector to install deadweight at their premises to test the accuracy of weighbridges used for dispensing bulk gas to retailers.
The government also insisted that henceforth, the use of weighbridges should be the norm at depot terminals when loading LPG products rather than the use of gas meters to ensure that the product being dispensed is accurate since LPG is retailed by weight.
The resolution came against the backdrop of persistent complaints of under-dispensing of products at LPG depot terminals as well as retail outlets across the country.
The federal government’s position was contained in a communiqué issued at the end of a one-day stakeholders engagement organised by the Weights and Measures Department of the Federal Ministry of Industry, Trade and Investment, with the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) and Liquefied Petroleum Gas Depot Owners (LPGDO) on the application of legal metrology in the oil and gas sectors in Nigeria.
THISDAY gathered that the outcome of the meeting had already been approved by the Minister of Industry, Trade, and Investment, Mr. Niyi Adebayo for immediate implementation.
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The communiqué, which was obtained by THISDAY further, directed that henceforth, tankers used for loading and transporting LPG should ensure that they gauge their tank pressures to conform with safety standards before loading to avoid incurring shortages due to excessive gas in their tanks during loading.
It also pointed out that as a matter of urgent necessity, the weights and measures department should embark on periodic inspections of the LPG depot terminals to ascertain their level of compliance with operational guidelines.
It was also agreed that the existing skill gaps noticeable in weighbridges installation should be addressed adding that the quality of gas in the market should be of a high standard with less propane and which should be enforced by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The federal government however warned that depot terminal operators found to be under-dispensing the Liquefied Petroleum Gas (LPG) as well as marketers to consumers will be penalised and urged the weights and measures department to strengthen its oversight functions of the numerous LPG retail outlets across the nooks and crannies of the country.
Moreover, on the issue of overlapping duties between the department and NMDPRA, the stakeholders resolved that the activities of the department revolved around the verification and certification of measuring equipment which is statutorily backed by existing legislation while the former dwelled on the issuance of licenses to petroleum product dealers.
The Director, Weights and Measures Department, Mr. Hassan Ejibunu, however, told THISDAY, “We’ve been receiving complaints from NALPGAM that whatever they buy in bulk from the terminals, maybe 33,000 litres of LPG, but by the time it gets to the final destination you’ll find out it is less than 33,000 litres – may be what is left is about 30,000 litres or less than that.
“We equally received complaints from members of the public that if they go to the retail outlets to buy let’s say 12.5 KG cylinder of LPG, what they’ll get is not up to that.”
He said the stakeholder’s engagement was convened to address the underlying issues and to ensure that consumers of gas get value and accuracy for every purchase they make.
THISDAY
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Business
40 Million Nigerians Await MTN as Airtel, Glo Bring Back Airtime Loans
40 Million Nigerians Await MTN as Airtel, Glo Bring Back Airtime Loans
Airtime lending services in Nigeria are making a strong comeback after weeks of uncertainty. The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has confirmed that 40 million subscribers will soon regain full access to emergency credit facilities. This development follows Airtel Nigeria’s decision to restore its airtime credit service and the Federal Competition and Consumer Protection Commission’s (FCCPC) suspension of the controversial DEON Regulations 2025. For millions of prepaid and low-income users, these small airtime advances are a daily lifeline for communication and economic survival.
Airtel Nigeria and Globacom (Glo) have fully restored their airtime lending services after a six-week suspension. Ayo Stuffman, chairman of the Wireless Application Service Providers Association of Nigeria (WASPAN), confirmed on Monday, May 25, 2026, that the services in question are already active on Airtel and Glo. In contrast, MTN Nigeria has yet to resume the service. The return follows a decision by the FCCPC to suspend enforcement of its controversial DEON Regulations 2025 after a court order halted implementation. The suspension had disrupted services such as ‘Borrow Me Credit’ and other airtime advance platforms used by millions of Nigerians, especially low-income subscribers who rely on small airtime loans during emergencies or temporary cash shortages.
ALTON Chairman Gbenga Adebayo has stated that the regulatory landscape is now sufficiently clear for operators to resume operations. He commended Airtel for taking the lead in restoring access to subscribers, noting that the regulatory environment is now clear and that full restoration is imminent. Adebayo emphasized that the courts have spoken, the FCCPC has acted responsibly, and two of the four major operators have already restored services. He added that there is no ambiguity left, and the association expects every operator to act with the urgency their subscribers deserve.
The disruption began in April 2026 after the FCCPC classified airtime credit as a consumer lending product under its DEON Regulations 2025. The move prompted MTN Nigeria, Airtel, Globacom and T2mobile to suspend services. Nigeria’s airtime credit market is estimated at N300 billion to N400 billion annually. Adebayo argued the suspension showed airtime credit is a critical economic infrastructure, not a typical financial product. He explained that what this episode demonstrated is that airtime credit is not a financial product in the way regulators initially characterised it. He described it as economic infrastructure that approximately 40 million people use regularly, with the vast majority of them at the base of the economy. He warned that removing that infrastructure, even temporarily, had consequences that went far beyond the telecom sector.
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The turning point came when the Wireless Application Service Providers Association of Nigeria (WASPAN) filed a lawsuit challenging the FCCPC’s authority. Justice A.L. Allagoa of the Federal High Court, Lagos, issued an ex parte order restraining the FCCPC from enforcing the framework, while Form 49 contempt proceedings were reportedly initiated against the Commission’s Executive Vice Chairman, Tunji Bello. In a statement on Friday, May 22, 2026, FCCPC Director of Corporate Affairs, Ondaje Ijagwu, confirmed the Commission’s compliance with the court order. Ijagwu stated that as a law-abiding institution, the Commission, in deference and in obedience to the rule of law, hereby suspends the implementation and the enforcement of the DEON Regulations 2025. Despite the temporary suspension, the FCCPC signalled plans to challenge the ruling, stating that its legal team had been instructed to contest both the court order and the competence of the suit filed against it. The Commission had earlier claimed it received more than 11,000 consumer complaints linked to digital lending operations, which partly motivated its regulatory push.
With Airtel and Globacom already back online, attention has shifted to MTN Nigeria, which serves over 95 million subscribers. MTN’s Chief Corporate Services and Sustainability Officer, Tobechukwu Okigbo, explained that the operator needs further legal clarity before restoring services. Okigbo stated that in terms of what needs to happen for them to resume the airtime advance service, there are essentially two conditions. First, they would require either a court ruling that sets aside the regulations empowering the FCCPC to license, which has not happened. Second, they would need a clear directive instructing them to reinstate the service.
For subscribers on Airtel and Glo, accessing emergency credit is now straightforward. Users can simply dial the harmonized USSD code *303# and select the “Borrow Credit” or “Airtime Advance” option. They can then choose their desired loan amount, which is repaid automatically on their next recharge. MTN subscribers, however, will continue to see an error message until the company decides to restore the service.
ALTON has used this episode to call for stronger coordination between the FCCPC and the Nigerian Communications Commission (NCC) to avoid future regulatory clashes. Adebayo noted that the recent disruption highlighted the importance of airtime credit services to millions of Nigerians, particularly those in lower-income communities who rely on the facility to stay connected. He argued that the FCCPC’s consumer protection mandate and the NCC’s telecom regulatory mandate can coexist without either displacing the other. The lesson, according to him, is that Nigeria’s regulatory agencies need formal coordination protocols for services at the intersection of telecommunications and financial products. He stated that ALTON is ready to participate in that conversation and urged both agencies to begin it without delay.
Looking ahead, the final outcome of the court battle will determine the future regulatory control of Nigeria’s fast-growing digital credit ecosystem. If the court rules in favor of the telecom operators, MTN will likely restore services quickly, and the NCC will retain oversight of airtime lending. If the FCCPC wins, stricter digital lending rules may apply, including licensing requirements, interest rate caps, and consumer complaint mechanisms. For now, Airtel and Glo subscribers can breathe easier knowing their emergency credit line is back. Millions of MTN users, however, must wait for either a court ruling or a clear directive before they can once again borrow airtime to stay connected.
40 Million Nigerians Await MTN as Airtel, Glo Bring Back Airtime Loans
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Auto
Toyota Motor Show Roars into Lagos Tomorrow with Test Drives, Debates, Free Diagnostics, Others
Toyota Motor Show Roars into Lagos Tomorrow with Test Drives, Debates, Free Diagnostics, Others
4-Day Festival Kicks Off June 2, No Admission Fees
If you have ever wanted to get behind the wheel of a Land Cruiser, grill a Toyota engineer, or win prizes while learning how your engine actually works, tomorrow is your day.
Toyota Nigeria Limited will throw open the gates for its annual Toyota Motor Show on Tuesday, June 2, 2026. And for four days, Lekki becomes the city’s biggest car park, debate stage, and hangout spot rolled into one. The show runs through Saturday, June 6, with a break on Friday, 5th June, according to the organisers, TNL.
Forget the usual “stand-and-stare” motor shows. TNL says it is going full experience:
Day 1: Tuesday, June 2 – See It, Drive It, Hear It
Doors open for open vehicle viewing. But the headline is _PodCARst_ going live – Toyota’s new podcast recorded on-site. First guest? Celebrity guest Soma, in conversation with execs. Think cars, culture, and no script.
Day 2: Wednesday, June 3 – Youth Takeover
This is for students and young professionals. Expect debate competitions, quiz battles, and hands-on workshops. Kate Henshaw, screen legend, will be on ground to meet fans and judge the action.
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Day 3: Thursday, June 4 – Influencer Tours
Social media star Mama Deola leads guided vehicle tours. She will walk the arena, break down why the Hilux still owns Nigerian roads, and why the Corolla and other Toyota models make sense for fuel prices today. Public access continues all day.
Grand Finale: Saturday, June 6 – The Bump Off
The event will close with another _PodCARst_ recording popular social media influencer, Ride With Mee, then turn up the energy for the “Toyota Bump Off” – a mini-rave hosted by media personality Dotun. DJ, outdoor games, prizes, and one last round of test drives.
All Week Long, All Visitors Get:
1. Free vehicle diagnostics – TNL technicians will scan your car, no charges.
2. Test drives – From Camry to RAV4 to Hilux. Book a slot, feel the ride.
3. Open exhibitions – Touch, sit, and compare Toyota’s latest models and mobility solutions.
Why it matters: This isn’t just a car show. It’s Toyota Nigeria doubling down on connection. No sales pitch banners. Just real conversations, real cars, and real value for owners and future owners. After two years of record crowds, this 3rd edition is bigger, louder, and more interactive.
Admission is free. Bring your questions, bring your car keys, and bring your appetite for prizes.
Venue: The Podium. I24 Tunde Kuboye Road. Lekki. Lagos
Dates: Tuesday June 2 – Saturday June 6, 2026. No Show on Friday June 5.
Toyota Motor Show Roars into Lagos Tomorrow with Test Drives, Debates, Free Diagnostics, Others
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Auto
Toyota By CFAO Launches 2026 RAV4 in Nigeria, Ends Long Wait for Latest Global Model
Toyota By CFAO Launches 2026 RAV4 in Nigeria, Ends Long Wait for Latest Global Model
Toyota-by-CFAO Nigeria has unveiled the all-new 2026 Toyota RAV4, bringing the latest generation of the globally acclaimed SUV to the Nigerian market in a move that signals a new era for local vehicle buyers.
For the first time, Nigerian customers will have access to the same-generation RAV4 available in leading international markets, eliminating the years-long delay that has traditionally separated local buyers from global launches.
The new SUV is backed by a three-year manufacturer’s warranty, Toyota-certified after-sales support and nationwide access to genuine spare parts, with customer deliveries already underway.
Speaking at the unveiling, Managing Director of Toyota-by-CFAO Nigeria, Boye Ajayi, said the company was raising the benchmark for vehicle ownership in the country.
“The 2026 RAV4 is here. Nigerian customers are no longer waiting years behind global markets or settling for older specifications. They are receiving the same vehicle available internationally, at the same time, with full manufacturer support,” Ajayi said.
Available in three variants — Active (2.0L 2WD), Comfort (2.0L 4WD) and Limited (2.0L 4WD) — the SUV is powered by a 2.0-litre DOHC petrol engine producing 172 horsepower and features Sport, Normal and Eco driving modes.
Designed to balance comfort, performance and practicality, the RAV4 offers a 481-litre cargo space, 201mm ground clearance and a 55-litre fuel tank suited for both city commuting and long-distance travel.
Standard features across the range include Apple CarPlay and Android Auto connectivity, dual-zone climate control, LED headlamps, 18-inch alloy wheels, SmartKey keyless entry, push-button start and a rear-view camera.
Toyota also equipped the SUV with an extensive safety package, including Anti-lock Braking System (ABS), Electronic Brakeforce Distribution (EBD), Vehicle Stability Control (VSC), hill-start assist and multiple airbags.
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While the entry-level Active variant targets urban motorists seeking reliability and efficiency, the Comfort model adds all-wheel-drive capability, heated front seats, roof rails and additional convenience features for customers who frequently travel outside city limits.
The flagship Limited variant comes with a larger 12.8-inch infotainment screen, panoramic sunroof, premium leather upholstery, power-adjustable front seats and seat heating, offering a more luxurious driving experience.
Ajayi described the new RAV4 as more than a routine upgrade, noting that the improvements are both visible and practical.
“This is not a minor refresh. The upgrades are evident in the technology, interior refinement, driving experience and overall convenience offered to customers,” he said.
To strengthen ownership confidence, Toyota-by-CFAO Nigeria said the vehicle is supported by a robust after-sales ecosystem comprising trained technicians, genuine parts inventory and service centres in Lagos, Abuja and Port Harcourt. The company plans to expand its authorised service network to 75 locations nationwide by March 2027.
The launch has already generated strong market interest, with several customers placing confirmed orders ahead of the official unveiling.
According to Ajayi, the early demand reflects a growing shift among Nigerian buyers towards brand-new vehicles backed by manufacturer warranties and structured after-sales support, rather than used imports with uncertain histories.
Managing Director of CFAO Mobility, Denis Martin, said Nigeria’s inclusion in the global launch schedule demonstrates the progress made by Toyota-by-CFAO Nigeria in building world-class sales and service infrastructure.
The 2026 Toyota RAV4 is now available at Toyota-by-CFAO showrooms in Lagos, Abuja and Port Harcourt, with financing options offered through partner institutions. A public launch event featuring test drives and on-site vehicle orders is scheduled for June 11 at the company’s Victoria Island showroom in Lagos.
Toyota By CFAO Launches 2026 RAV4 in Nigeria, Ends Long Wait for Latest Global Model
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