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Energy
Nigeria must go beyond building renewable energy projects and focus on the professional management, maintenance and financing of those assets throughout their economic life, the Infrastructure Corporation of Nigeria (InfraCorp) has said. The Managing Director and Chief Executive Officer of InfraCorp, Dr Lazarus Angbazo, said this at the launch of the Renewable Asset Management Company ...
Energy
Geregu Power Plc’s return to the national grid after more than six months offline comes at a critical juncture for Nigeria’s electricity sector, as the country continues to grapple with inadequate power generation and the financial pressures confronting sector operators. The company reconnected its GT13 generating unit to the national grid on August 18 after ...
Energy
Nigeria’s petrol imports increased by nine per cent in July 2026 as domestic petrol supply fell sharply and national consumption declined by 25 per cent, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The NMDPRA’s July 2026 Midstream and Downstream Statistics showed that imported Premium Motor Spirit (PMS), otherwise known as petrol, rose to an average of 19.7 million litres ...
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The progress of the long-awaited Bonga Southwest/Aparo (BSWAp) project towards Final Investment Decision (FID) is coming at a critical point for Nigeria’s upstream sector, with the country trying to sustain its recent production recovery while attracting billions of dollars into new oil developments. The deepwater project, which is expected to reach peak production of about ...
News
Nigeria’s domestic petrol supply fell by 20.6 per cent in July 2026, even as petrol imports increased, highlighting a renewed shift in the country’s fuel supply mix, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The Authority’s July 2026 Midstream and Downstream Statistics showed that average daily Premium ...
Energy
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Rivers State Government to replicate the Lagos Compressed Natural Gas (CNG) success in Rivers State. The National President of PETROAN, Dr. Billy Gillis-Harry, made the call while speaking to newsmen in Lagos during an inspection of CNG refuelling locations. Gillis-Harry said Rivers ...
News
Solewant Group has unveiled an 11-product range of decorative paints and protective coatings in Namibia as part of its push to expand its industrial solutions and explore opportunities within the country’s emerging energy and industrial market. The products, unveiled on August 17 at the Mövenpick Hotel in Windhoek, are produced under Solewant Specialty Protective Coatings ...
Business
Participants in Lagos engaged in a practical exploration of personal finance on Friday during Nigerian NewsDirect’s "My Money and I" event, shifting the spotlight from mere earning potential to disciplined wealth management. Rather than concentrating solely on income figures, the interactive forum addressed what happens once funds arrive guiding attendees through intentional spending habits, deliberate saving strategies, ...
Energy
The Managing Director of the Rural Electrification Agency (REA), Dr Abba Aliyu has proposed the development of digital energy Zones that would combine electricity, digital infrastructure and productive economic activity in selected locations as Nigeria seeks to position its power sector for the growing demands of artificial intelligence and the digital economy. The proposal was made by the Managing Director/CEO in the second part of ...
Brand
For Solomon Ewanehi, Group Managing Director and Chief Executive Officer of Solewant Group, Namibia’s emerging oil industry represents far more than the promise of crude production. It is an opportunity to build people, companies, technology and industrial capacity that can continue creating value long after individual oil fields decline. Ewanehi made the case at the Namibia Oil and Gas ...
News
The conversation around money took a practical turn in Lagos on Friday as participants gathered for Nigerian NewsDirect’s 'My Money and I', seeking better ways to manage their income, build savings and make their money work for them. 'My Money and I' is part of Nigerian NewsDirect’s effort to create platforms for practical conversations around ...
News
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Shell Nigeria have discussed ongoing deep offshore projects as Nigeria intensifies efforts to unlock billions of dollars in new upstream investments. The discussions took place on Friday, August 21, 2026, when the Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, received Shell Nigeria’s new Executive Vice President and Country ...
News
The Federal Government has commenced construction of a 250-unit Renewed Hope Civil Service Estate at Dukpa, Gwagwalada, Abuja, as part of efforts to improve access to decent and affordable housing for federal civil servants. The groundbreaking ceremony was held on Wednesday, August 19, 2026, with the Federal Mortgage Bank of Nigeria (FMBN), the Federal Ministry ...
News
Nigeria could benefit from the latest surge in international crude oil prices as Brent climbed to $94.39 per barrel on Friday, significantly above the $64.85 per barrel benchmark used in the country’s 2026 budget. Brent crude closed at $94.39 per barrel on August 21, gaining 6.39 per cent during the week, while US West Texas ...
News
Nigeria’s ability to translate ongoing oil and gas reforms into higher investment, production and economic growth could depend increasingly on the quality of its workforce, with the upstream regulator highlighting four areas requiring urgent attention. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) identified the priorities during its participation at the inaugural Human Capital Development (HCD) ...
