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Heirs Energies Limited, one of Africa’s leading indigenous integrated energy companies, has acquired the entire 20.07% equity stake in Seplat Energy Plc previously held by Maurel & Prom S.A., in a transaction valued at approximately US$500 million. The purchase, representing 120.4 million ordinary shares, was completed at a price of GBP 3.05 pence per share, ...
The Nigerian Electricity Regulatory Commission (NERC) has reminded electricity consumers of the correct procedures for reporting power supply issues, emphasising the importance of following structured channels for speedy resolution. In a post on its X handle on Monday, NERC advised customers to first contact the Customer Complaint Unit (CCU) of their Distribution Company. The CCU ...
Nigeria experienced a major electricity disruption on Monday afternoon after the national power grid collapsed, leaving most parts of the country in near-total darkness. Data released at 3:12 pm on December 29, 2025, showed that only two distribution companies were supplied with power. Ibadan Electricity Distribution Company received 30 megawatts, while Abuja Electricity Distribution Company ...
In a major drive to reward customer loyalty, NIPCO Plc has distributed a total of N16 million to motorists and gas users during a thrilling lucky draw ceremony held in Abuja. The event, which took place at the company’s Wuse II service station, saw elated winners walk away with cash prizes ranging from N100,000 to ...
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the 35 state governors and the Minister of the Federal Capital Territory, Nyesom Wike, over their alleged failure to account for about ₦14 trillion realized from fuel subsidy savings. In a statement yesterday, SERAP joined in the suit, the Office of the Accountant-General of ...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Engr. Bayo Ojulari, has assured Nigerians of robust energy security during and after the festive season, declaring that the country’s crude oil production has recorded a significant rebound to 1.8 million barrels per day. Ojulari gave the assurance yesterday (Saturday) during ...
The China Mining Federation of Nigeria has strongly dismissed allegations of Chinese infiltration and involvement in illegal activities within Nigeria’s solid minerals sector, describing the claims as baseless and misleading. The rebuttal was contained in a statement issued on Tuesday in Abuja, following the circulation of a report accusing Chinese operators of illegal mining, environmental ...
In a strategic move to bolster national security and ensure strict regulatory compliance in the petroleum sector, the Nigerian Content Development and Monitoring Board (NCDMB) has partnered with the Ministry of Interior (MOI) and the Nigeria Immigration Service (NIS) to inaugurate a tripartite committee. The new body is charged with the responsibility of enhancing operational ...
The Federal Government has reiterated its determination to ensure the timely completion of the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline Project, describing it as the backbone of Nigeria’s future economic prosperity and industrial resurgence. The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, gave this assurance on Thursday during an inspection tour of "Kilometre ...
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 ...
The Rural Electrification Agency (REA) has taken a significant step towards improving energy planning and investment in Nigeria by signing a Memorandum of Understanding (MOU) with the National Bureau of Statistics (NBS) to conduct a comprehensive National Energy Survey. The agreement, signed on Monday, December 15, 2025, aims to deploy the World Bank’s Multi-Tier Tracking ...
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 ...
