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The dream of transforming Nigeria into a gas-powered industrial hub hinges on the federal government’s ability to enforce stable regulations and implement a more transparent pricing regime, according to Shell Nigeria Gas (SNG). Speaking at the Energy Week hosted by the Lagos Section of the Society of Petroleum Engineers (SPE), Ralph Gbobo, Managing Director of ...
Under Phase III of the Energizing Education Programme (EEP), the Rural Electrification Agency (REA) has announced that the major power project at Federal University Lokoja is nearing total completion. The installation features a 1.7MW solar hybrid system paired with a 4.064MWh battery storage unit and a 2.0MVA backup generator to ensure constant reliability for the ...
The Nigerian Content Development and Monitoring Board (NCDMB) has cautioned operators in the midstream oil and gas sector to strictly adhere to the NOGICD Act 2010 or face severe penalties, including project suspensions and criminal prosecution. During a sensitisation workshop held in Lagos, the Board’s technical team emphasized that the push for Nigerian content is ...
The Nigerian Independent System Operator (NISO) says power generation has dropped to approximately 4,300 megawatts due to inadequate gas supply to thermal generating stations. The management of NISO disclosed this in a statement on Friday in Abuja, warning that the reduced output directly affected electricity supply to distribution companies (DisCos). According to the statement, thermal ...
The Federal Government has inaugurated a Steering Committee and Joint Technical Working Group (JTWG) to drive the establishment of the National Gas Infrastructure Command Centre (NGCC), a centralised digital platform aimed at strengthening transparency, coordination and operational efficiency across Nigeria’s gas value chain.Backed by President Bola Ahmed Tinubu and enabled by the Petroleum Industry Act ...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have formally renewed their collaborative framework to bolster the nation's energy security and accelerate industrial growth. This commitment was solidified during a high-level courtesy visit by the GCEO of NNPC Ltd., Engr. Bashir Bayo Ojulari, to the ...
The Rural Electrification Agency (REA) and the United Nations Industrial Development Organisation (UNIDO) have entered into high-level discussions to bridge the gap between energy access and agricultural productivity by deploying solar-powered cold rooms. This strategic collaboration aims to integrate sustainable cooling infrastructure into Nigeria’s decentralized energy grid to bolster healthcare logistics and reduce post-harvest losses ...
Oil prices softened on Thursday as market participants weighed a surprise build in U.S. crude inventories against the persistent backdrop of geopolitical tensions in the Middle East and Eastern Europe. Brent crude, the international benchmark, edged lower to settle near $81.40 per barrel, while West Texas Intermediate (WTI) followed a similar downward trajectory, trading around ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the registration and submission of applications for Pre-Qualification under the Nigeria 2025 Licensing Round will close at 4.30 p.m. on Friday, February 27. The NUPRC, in a statement signed by its management, said the notice was in accordance with Section 11.2 of the Licensing Round Guidelines. “All ...
A new era of corporate leadership has commenced at the Ibadan Electricity Distribution Company (IBEDC) as a new core investor group formally took control, pledging a significant infusion of fresh capital to transform electricity delivery across the franchise’s seven-state network. The transition was finalized on Tuesday following a reconstituted Board of Directors’ meeting in Ibadan, ...
The Rural Electrification Agency (REA) has signed a N100 billion Memorandum of Understanding (MoU) with Lotus Bank to accelerate renewable energy access. The collaboration establishes a landmark facility support strategy aimed at bridging the energy access gap and delivering electricity to unserved and underserved rural communities across Nigeria. The agreement, signed on February 23, 2026, formalizes a partnership to provide bespoke project ...
Mrs Oritsemeyiwa Eyesan, Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has promised to enhance transparency and ensure that the NUPRC’s internal communication are fully digital. Eyesan said this when the Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Musa Adar, visited the NUPRC’s corporate headquarters in Abuja. Eyesan, in a statement underscored the need for ...
The Nigerian National Petroleum Company (NNPC) Limited has signaled a transformative shift in the nation's downstream sector, offering high praise for the Dangote Group's industrial audacity while cementing a partnership designed to guarantee long-term energy security. During a high-level management visit to the 650,000 barrels per day Dangote Refinery and Petrochemical Complex, NNPC Group Chief ...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Dangote Group have forged a renewed strategic alliance designed to accelerate energy security, deepen domestic refining capacity and drive long-term economic prosperity. In a significant move aimed at reshaping Nigeria’s energy landscape, the two companies renewed the alliance on Saturday. This epochal deal was reached ...
The Kano Electricity Distribution Company (KEDCO) has announced a ₦500 million investment to rehabilitate the IBB Way Injection Substation and other critical power infrastructure in Katsina State. The Head of Corporate Communication at KEDCO, Mr. Sani Bala-Sani disclosed this in a statement issued on Thursday in Katsina, describing the move as part of efforts to enhance ...
Nigeria’s upstream oil sector started the new year on a high note as crude oil production climbed to 1.46 million barrels per day (mb/d) in January, according to the latest data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This represents a 2.6% month-on-month (MoM) increase, signaling a vital recovery for the continent’s largest ...
By Osordi Ayomide The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised strong concerns over a newly signed executive order by President Bola Ahmed Tinubu, describing it as a direct affront to the Petroleum Industry Act (PIA) and a potential threat to investment inflow into Nigeria’s oil and ...
The Benin Electricity Distribution Company (BEDC) has attributed the worsening electricity supply across its franchise states, including Edo, to reduced power allocation from the national grid. The company’s spokesperson, Mrs Evelyn Gbiwen, who said this in a statement on Thursday in Benin, noted that the outages and load shedding were beyond the control of the ...
The Kano Electricity Distribution Company (KEDCO) says it is investing ₦500 million to revive the IBB Way Injection Substation and other critical power infrastructure in Katsina. Mr Sani Bala-Sani, Head, Corporate Communication, KEDCO, disclosed this in a statement issued in Katsina on Thursday. According to him, the development is in a strategic move aimed at ...
By Matthew Denis In a major fiscal overhaul, President Bola Ahmed Tinubu has signed a new Executive Order designed to eliminate unconstitutional deductions and ensure the direct remittance of oil and gas revenues to the Federation Account. Gazetted on February 13, 2026, the directive effectively strips the NNPCL of billions in previously retained fees and ...
The Federal Government has signed a Memorandum of Understanding (MoU) with the International Energy Agency (IEA) to strengthen cooperation on methane emissions reduction, gas development, clean cooking access and technical support. Speaking on Tuesday during the signing ceremony at the IEA Headquarters in Paris, France, the Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, said ...
The Federal Government has signed a Memorandum of Understanding (MoU) with the International Energy Agency (IEA) to strengthen cooperation on methane emissions reduction, gas development, clean cooking access and technical support. Speaking on Tuesday during the signing ceremony at the IEA Headquarters in Paris, France, the Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe ...
The Nigerian Electricity Regulatory Commission (NERC) has introduced a simplified, three-tier framework designed to empower consumers in tackling chronic service issues such as arbitrary estimated billing, persistent power outages, and faulty metering. In a public advisory released via its official X handle on Tuesday, the regulator underscored a structured hierarchy for complaints to ensure accountability ...
