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Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has executed a $750 million financing with the African Export–Import Bank (Afreximbank). The transaction was concluded at a signing ceremony in Abuja on Saturday 20th December 2025, attended by Mr. Tony O. Elumelu, CFR, Chairman of Heirs Energies, and Dr. George Elombi, President and Chairman of ...
By Seun Ibiyemi Business mogul and President of the Dangote Group, Alhaji Aliko Dangote has petitioned the Independent Corrupt Practices and Other Related Offences Commission (ICPC), urging the anti-graft agency to investigate the Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, for alleged financial impropriety and abuse of office. ...
The Senate has confirmed the appointment of two commissioners for the Nigerian Electricity Regulatory Commission (NERC) following their nomination by President Bola Tinubu. The confirmation followed the adoption of a report by the Senate Committee on Power, which screened the nominees. The confirmed commissioners are Aisha Mahmud Kanti Bello, who was re-appointed for a second ...
TotalEnergies Marketing Nigeria Plc has launched the TotalEnergies Mobility Card Plus (TEMC+), a next-generation mobility and payment solution designed to deliver enhanced convenience, security and operational control for customers across Nigeria. The product was officially unveiled in Lagos, with the company describing TEMC+ as a major upgrade aimed at meeting the evolving mobility and payment ...
The Nigerian Electricity Regulatory Commission (NERC) has unveiled comprehensive commercial guidelines for interconnected mini-grid operators, establishing a new framework for payments to distribution companies (DisCos) and addressing critical barriers to mini-grid deployment across the country. Effective from December 1, 2025, the Guidelines on Commercial Framework for Interconnected Mini-Grids introduce a two-part pricing structure designed to ...
...as SERAP urges CCB, EFCC, ICPC to investigate corruption allegations By Seun Ibiyemi The House of Representatives Committee on Petroleum Resources (Downstream) has summoned the President of the Dangote Group, Alhaji Aliko Dangote, and the leadership of the NMDPRA to provide detailed explanations regarding the issues between both organizations. The Committee Chairman, Hon. Ikenga Imo Ugochinyere, ...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the successful containment of the breach reported on the Escravos–Lagos Pipeline System (ELPS) in South West Warri, Delta State. In an update released on Sunday regarding the incident which occurred on Thursday, December 11, 2025, the national oil company confirmed that coordinated measures have been ...
The Federal Government has taken a significant step toward establishing a transparent and competitive natural gas market with the launch of the nation’s first Gas Trading License, alongside a Clearing House and Settlement Authorization. The initiative was unveiled on Thursday by the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, at a ...
The Federal Government has officially flagged off a N4trillion naira bond as part of the Presidential Power Sector Debt Reduction Programme, a comprehensive financial intervention aimed at liquidating outstanding obligations and restoring investor confidence in the Nigeria Electricity Supply Industry (NESI). The strategic initiative was unveiled during a high-level virtual investor forum convened jointly by ...
The Nigerian Content Development and Monitoring Board (NCDMB) has described the recent acquisition of Saipem, an Italian oil servicing firm by Marconi NG EPC, as a major boost to the Nigerian Content drive . Reports that in May 2025, a consortium of Nigerian investors acquired Saipem from its former owners and operated as Marconi. Dr ...
A metering related complaint has compelled the Federal Competition and Consumer Protection Commission (FCCPC) to seal the headquarters of Ikeja Electric Distribution Company (IKEDC) in the Alausa area of Lagos yesterday. According to FCCPC’s Director of Surveillance and Investigation, Bola Adeyinka, the move was in line with the Federal Competition and Consumer Protection Act (FCCPA) ...
Seplat Energy has stressed the importance of continuous learning for journalists, citing the fast-changing media industry. The company’s Director, External Affairs and Social Performance, Ms Chioma Afe, made the emphasis at the closing of a two-day capacity-building workshop held for journalists on Wednesday. Reports that the workshop, which took place in Benin, brought together reporters ...
Nigeria’s petrol consumption fell to an average of 52.9 million litres per day in November 2025, marking a notable shift in national fuel demand, according to the latest Fact Sheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The November figure represents a decline from the 56.74 million litres per day consumed ...
The Minister of Power, Adebayo Adelabu, had said that Nigeria’s drive for industrialisation and economic growth will remain unattainable without reliable and affordable electricity to power the country’s industrial clusters. Speaking at the Industrial Revolution Work-Group Premier Ministerial Roundtable on Energy, Security and Industrial Infrastructure on Wednesday in Abuja, Adelabu said a vibrant industrial sector ...
President Bola Ahmed Tinubu has formally requested the Senate to confirm the appointments of Aisha Mahmoud Kanti-Bello and Fouad Animashaun as commissioners of the Nigerian Electricity Regulatory Commission (NERC). The request was conveyed in a letter read by the Senate President, Godswill Akpabio, during the plenary session on Tuesday. In the correspondence, President Tinubu cited ...
By Seun Ibiyemi The NNPC/Heirs Energies OML 17 Joint Venture has taken a decisive step toward eliminating routine gas flaring and advancing Nigeria’s energy transition goals with the signing of Gas Flare Commercialisation Agreements under the Nigerian Gas Flare Commercialisation Programme (NGFCP) and approved Non-NGFCP frameworks. The agreements were formalized at a ceremony in Lagos ...
The Nigerian National Petroleum Company Exploration and Petroleum limited (NNPC E&P), the upstream subsidiary of NNPC Limited, has achieved a record production level of 355,000 barrels of oil per day, its highest daily output since 1989. The NNPCL, in a statement issued to journalists on Tuesday said the increased production was achieved on December 1st ...
The Miners Association of Nigeria (MAN) has said banning of mining activities in the country is not the solution to security challenges in the country. The association made this known in a statement jointly signed by its National President, Dele Ayankale and its National Secretary, Sulaiman Liman on Monday in Abuja. Recalls that the Northern ...
The Transmission Company of Nigeria (TCN) says vandalism of its transmission facilities by hoodlums is a major obstacle it faces nationwide, calling for proactive steps to curb the threat. TCN Regional Head of Operations for the Southwest, Adesina Adeonipekun said this during a sensitisation and awareness programme on safety and protection of the company’s facilities on ...
The Niger Delta Power Holding Company (NDPHC) has successfully restored additional 450 Megawatts (MW) of generation capacity to the national grid. The Head, Corporate Communications and External Relations, NDPHC, Mr Emmanuel Ojor made this known in a statement in Abuja on Monday. According to him, the restoration of the additional megawatts followed the completion of scheduled ...
The African Petroleum Regulators Forum (AFRIPERF) has elected Nigeria's Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe, as chairman of the Forum. This is as the forum also unanimously adopted Nigeria as its official headquarters. The decision was announced at the inaugural executive committee meeting of the Forum which took ...
The Nigerian Content Development and Monitoring Board (NCDMB) has clinched the Presidential Enabling Business Environment Council (PEBEC) Transparency and Efficiency Champion Award for the fourth consecutive year, emerging as the top-ranking agency in Ease of Doing Business for 2022, 2023, 2024, and 2025. The award was presented on December 2, 2025, at the State House, ...
The National Economic Council (NEC) has approved the release of N100 billion for the comprehensive rehabilitation of training institutions for the police and other security agencies across Nigeria. The approval, which is subject to final ratification by President Bola Tinubu, was part of the major resolutions reached at the 154th NEC meeting held virtually on ...
