The Dangote Petroleum Refinery has revealed that the Federal Government has not met its crude oil supply targets under the naira-for-crude initiative. According to the Vice President of Dangote Industries Limited, Devakumar Edwin, the crude received from the Nigerian National…
The Nigerian Upstream Petroleum Regulatory Commission has clarified that international oil companies are not exiting Nigeria despite their recent divestments. According to NUPRC CEO, Gbenga Komolafe, these divestments are part of “portfolio rationalisation,” a common practice in other markets. At…
The Nigerian Upstream Petroleum Regulatory Commission has called on the Ondo State Government to form a partnership with the Federal Ministry of Mines and Solid Minerals to harness the mineral resources in the state for economic development. The commission noted…
A tanker has transported petrol from Nigeria’s new Dangote plant to waters off Togo, a sign to traders that the mega-refinery’s operations could soon potentially shake up regional fuel markets. The CL Jane Austen recently loaded more than 300,000 barrels…
Nigeria’s Minister of Steel Development, Shuaib Abubakar Audu, has announced the federal government’s decision to privatise the Ajaokuta Steel Company Limited (ASCL) along with its Iron Ore Mine in Itakpe as part of efforts to kickstart operations. The announcement was…
The Nigerian National Petroleum Company (NNPC) Ltd. has officially unveiled its latest crude oil grade, the Utapate crude oil blend, to the global crude oil market. It would be recalled that in July 2024, NNPC Ltd. and its partner, the…
The Nigerian National Petroleum Corporation Limited says it has commenced sales of its latest crude oil grade, the Utapate crude oil blend, to international refiners, six months after it began exploration. It said the development is a major boost for…
The Energy Reforms Advocates of Nigeria (ERAN) has raised concerns over the increasing importation of petroleum products in Nigeria, despite recent commitments by the Nigerian National Petroleum Corporation Limited (NNPCL) to end imports and prioritise local refineries. The group criticised…
The Yola Electricity Distribution Company (YEDC) has begun the deployment of 1,880 meters for its Band ‘A’ customers, utilizing a portion of the N21 billion allocated under the Meter Acquisition Fund (MAF). The initiative is aimed at improving service delivery…
The Nigerian National Petroleum Company (NNPC) Limited has addressed the delay in the completion of the highly anticipated Port Harcourt Refinery Company (PHRC), two months after missing its September target for completion. In a statement, NNPC’s Chief Corporate Communications Officer,…
