Latest in
Dangote Petroleum Refinery & Petrochemicals has announced an upward adjustment in the gantry price of Premium Motor Spirit (PMS), moving from N699 to N799 per litre, a decision the company attributes to the conclusion of its temporary holiday price relief programme. In a statement issued on Monday, the refinery explained that the recent pricing structure ...
By Seun Ibiyemi Nigeria’s electricity grid has collapsed for the second time in 2026, plunging the country into a widespread blackout and leaving millions of homes and businesses without power. Checks on the official website of the Nigerian Independent System Operator (NISO) showed that as of 10:54 a.m. on Monday, January 27, 2026, all major ...
The Ikeja Electricity Distribution Company has announced that a system disturbance was experienced on Friday at about 12.40. The DisCo announced this development in a public notice on its official X handle. It said, ”Dear Esteemed Customers, be informed that we experienced a system outage on Friday at 12.40pm affecting all feeders. ”Efforts are currently ...
Nigeria has recorded a significant decline in its natural gas demand, dropping by 1.48 billion cubic meters (bcm) year-on-year as of November 2025. This development was contained in the January 2026 Monthly Oil & Gas Data Review released by the International Energy Forum (IEF), which tracks global energy flows and market trends. According to the report, Nigeria’s sharp reduction in gas ...
Ogun State is poised to join the elite league of oil-producing states in Nigeria following the formal approval by President Bola Ahmed Tinubu for the commencement of commercial oil drilling at Eba, Ogun Waterside area. Governor Dapo Abiodun confirmed the historic development on Thursday in Abeokuta, declaring that the state’s decades-long aspiration to contribute to ...
Ogun State is poised to join the elite league of oil-producing states in Nigeria following the formal approval by President Bola Ahmed Tinubu for the commencement of commercial oil drilling at Tongeji Island in Ipokia Local Government Area. Governor Dapo Abiodun confirmed the development on Thursday in Abeokuta, declaring that the state’s decades-long aspiration to ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has paid glowing tributes to the late Comrade Uche Marcus Okoro, the former President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), marking the 20th anniversary of his tragic passing. In a statement signed by the Head of Media and Strategic Communication, Eniola Akinkuotu, ...
...Brent hovers near $64 Crude oil prices settled slightly higher on Sunday, stabilizing after a volatile week defined by fluctuating geopolitical tensions and renewed concerns over global oversupply. As of today, Brent crude is trading around $64.13 per barrel, while West Texas Intermediate (WTI), the U.S. benchmark, stands at approximately $59.44 per barrel. The oil market is currently catching its breath following a ...
Abuja Electricity Distribution Plc (AEDC) has announced a major corporate restructuring, transitioning into a Holding Company (HoldCo) model to align its operations with the decentralized regulatory framework introduced by the Electricity Act of 2023. This strategic evolution is designed to enhance the company's agility and governance while empowering it to operate effectively within the independent ...
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has reiterated the Federal Government’s commitment to creating a conducive operating environment for Engineering, Procurement, and Construction (EPC) companies, describing them as critical to the nation’s energy expansion drive. Lokpobiri gave this assurance on Thursday while presiding over the EPC Steering Committee Meeting in ...
…slashes work guarantee to 1% The Federal Government has drawn a firm line in the sand as it kicks off the 2025 Oil and Gas Licensing Round, declaring an end to the era of discretionary awards and explicitly ruling out refunds, exchanges, or post-bid adjustments for acquired assets. At a high-stakes Pre-Bid Conference held in ...
In a recent development, Sumedha Energy Limited, Sterling Oil’s joint venture with NNPC Exploration and Production Limited (NEPL), appoints Mr. Aniekeme Finbarr as its Media Manager for Akwa Ibom State Operations. Finbarr, with his credible background in journalism, will also manage communications and media relations for supporting subsidiaries of Sterling Oil Exploration and Energy Production ...
The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has unveiled a comprehensive roadmap to transform Nigeria’s upstream oil and gas sector. Speaking at a major stakeholder meeting in Lagos, Eyesan outlined a vision anchored on three strategic pillars: production optimization and revenue expansion; regulatory predictability and speed; and ...
The Transmission Company of Nigeria (TCN) says it has restored power supply to Taraba State and its environs, following successful upgrade of the Yola-Mayo Belwa-Jalingo transmission line. In a statement on its verified twitter handle in Abuja on Wednesday, General Manager Public Affairs of TCN, Mrs Ndidi Mbah, said that full restoration was achieved at ...
TotalEnergies EP Nigeria, a subsidiary of global energy major TotalEnergies, has signed a Sale and Purchase Agreement with Vaaris for the divestment of its 10 per cent non-operated interest in the Renaissance Joint Venture (JV) licences in Nigeria. The Renaissance JV, formerly known as the Shell Petroleum Development Company of Nigeria (SPDC) JV, is an ...
The Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) has released the initial roster of speakers for its 10th Anniversary edition, scheduled to hold next month in Lagos. The event, which celebrates a decade of pan-African energy leadership, is set to convene a high-profile gathering of senior policymakers, regulators, and National Oil Company (NOC) ...
Savannah Energy Plc has appointed Kehinde Ogunwumiju, 43, as a Non-Executive Director of the company, with immediate effect. Ogunwumiju holds no shareholding in the firm. Joseph Pagop Noupoué, Non-Executive Chair of Savannah, welcomed the appointment, describing Ogunwumiju as “an internationally respected legal professional with a proven track record of supporting dynamic, high-growth organisations such as ...
A new report by the Nigerian Electricity Regulatory Commission (NERC) has painted a grim picture of the nation's power sector, revealing that only 38 percent of power-generating plants were available for use in December 2025. This indicates that a staggering 62 percent of the country’s installed capacity was effectively stranded, leaving the grid deprived of ...
The Federal Government has proposed to spend N6.04 billion on personnel costs for Ajaokuta Steel Company Limited in the 2026 fiscal year, despite the steel complex remaining largely non-operational over four decades since its inception. Data from the 2026 Appropriation Bill shows that the company received a total allocation of N6.69 billion, with personnel expenses ...
The Transmission Company of Nigeria (TCN), in collaboration with the African Development Bank (AfDB) and the Federal Ministry of Finance, has conducted a sensitisation exercise for Project Affected Persons (PAPs) along the Alaoji–Onitsha 330kV transmission line corridor. The exercise, which ran from January 6 to January 8, covered 12 Local Government Areas (LGAs) across Abia, ...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has declared its strong opposition to the continued importation of Premium Motor Spirit (PMS), insisting that the Dangote Refinery possesses sufficient capacity to satisfy the nation's petrol demand. IPMAN National President, Abubakar Maigandi Shettima, stated this while dismissing reports that a breakdown in supply arrangements between the ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has fixed January 14, 2026, for the pre-bid conference ahead of the 2025 oil and gas licensing round. The Commission disclosed this in an official notice dated January 8, 2026, signed by its Chief Executive, Engr. Oritsemeyiwa Eyesan, and published on its verified social media platforms. According to ...
Savannah Energy PLC, the British independent energy company has confirmed the appointment of Kehinde Olamide Ogunwumiju as a Non-Executive Director with immediate effect. Commenting on the appointment, Joseph Pagop Noupoué, Non-Executive Chair of Savannah, said: "I am delighted to welcome Kehinde to the Board. He is an internationally respected legal professional with a proven track record of supporting dynamic, ...
