Latest in
By Olakunle Oke Algeria, Libya, and Nigeria have retained their positions as Africa’s leading oil and gas exploration and producing nations, according to the September 2025 Monthly Oil Market Report (MOMR) released by the Organization of Petroleum Exporting Countries (OPEC). The report revealed that in August 2025, Algeria recorded the highest rig count on the ...
By Olakunle Oke Tensions are escalating in Nigeria's petroleum sector as Dangote Refinery and the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) trade accusations over fuel quality, pricing, and alleged economic sabotage. In a fiery press statement, Dangote Industries Limited vehemently denied DAPPMAN’s claims, accusing the association of resisting local refining to protect ...
Minister of State Petroleum Resources (Gas), Dr. Ekperikpe Ekpo, has declared that Nigeria can revolutionise rail transport on the continent leveraging natural gas. Delivering an address at the International Railway Conference 2025, organised by the Federal Ministry of Transportation in collaboration with De-Sadel Nigeria Limited, held in Abuja, Ekpo underscored the transformative potential of Nigeria's vast ...
By Olakunle Oke Nigeria's crude oil exports plummeted by N3.18 trillion in the first half of 2025, sparking fresh concerns about the country's reliance on oil as a primary revenue source. This significant drop is largely attributed to the increased domestic refining capacity of the Dangote Refinery, which has reduced the amount of crude available ...
…Says project created jobs, not displacement …Insists industrialisation, not importation, will grow Africa’s economy President/Chief Executive of Dangote Petroleum Refinery, Alhaji Aliko Dangote, on Monday declared that the refinery has ended Nigeria’s five-decade struggle with fuel queues. Speaking at a conference to mark the first anniversary of the launch of petrol production from the 650,000 ...
By Tapre Timine, Yenagoa Nigeria and Angola have formalized a landmark partnership, forging a "twinning arrangement" between Nigeria's Bayelsa State and Angola’s Namibe Province. Recall that, a similar cooperation deal was also struck between Nasarawa State and Angola’s Bengo Province. The agreements were signed last week during the fifth session of the Nigeria–Angola Bilateral Joint ...
..named OGTAN Government partner of the yesr The Nigerian Content Development and Monitoring Board (NCDMB) has hinted at the introduction of two new programmes aimed at bridging skill gaps and enhancing human capacity in Nigeria's pil and gas industry. NCDMB Executive Secretary, Engr. Felix Omatsola Ogbe who was represented by the General Manager, Human Capital Development, ...
By Olakunle oke At the just concluded Intra-African Trade Fair (IATF2025), Nigeria has inked a $500m deal for its Midstream and Downstream Gas Infrastructure Fund (MDGIF). The landmark agreement was formalised on the sidelines of the fourth Intra-African Trade Fair (IATF2025) by Mrs. Helen Brume, Director and Global Head of Project and Asset-Based Finance at Afreximbank, and Mr. ...
…Says refinery contributes only 30–35% of demand The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has pushed back against claims that Nigeria’s downstream petroleum sector depends solely on the Dangote Refinery, stressing that its members continue to play a central role in sustaining nationwide fuel supply. This was contained in a statement signed ...
…Insists Nigeria can manufacture own meters, transformers The Federal Government has pledged that Nigerians will soon enjoy uninterrupted electricity supply across the country. Minister of Power, Mr Adebayo Adelabu, gave the assurance in Abuja on Friday during the inauguration of two training workshop blocks and a 104-room hostel at the National Power Training Institute of ...
…pegs new price at ₦820 The Dangote Petroleum Refinery has announced it will begin the direct supply of Premium Motor Spirit (PMS), also known as petrol, to marketers across Nigeria, effective Monday, September 15, 2025. This is despite the tussle between the Dangote Refinery and the National Union of Petroleum and Natural Gas Workers (NUPENG). ...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) is making a strong pitch to international investors at the 2025 Gastech Exhibition & Conference taking place in Milan, Italy. During an interview on NBC, NNPC Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, called on global financiers and industry leaders to seize the extensive opportunities available ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed it has secured more than $400 million in pre-sale decommissioning and abandonment liabilities, as part of tighter regulations governing recent asset transfers in the oil and gas sector. The initiative is designed to avert the financial and environmental risks that have burdened other countries in the ...
A fresh comparative analysis by the International Energy Forum (IEF) has drawn attention to major differences in the latest monthly oil market reports from three leading agencies: the Organization of the Petroleum Exporting Countries (OPEC), the Energy Information Administration (EIA), and the International Energy Agency (IEA). Released in September 2025, the reports reveal a clear ...
By Olakunle Oke Day Two of Gastech 2025, the world’s largest energy exhibition and conference, showcased global collaboration and technological breakthroughs as essential to strengthening energy security, affordability, and sustainability. Wednesday’s sessions drew senior policymakers and industry executives, who stressed the importance of cross-border cooperation and digital innovation to address rising demand while advancing decarbonisation ...
By Olakunle Oke In the Niger Delta, oil is both a blessing and a curse. Beneath the mangrove swamps lie the reserves that drive Nigeria’s economy, yet for many residents, crude has come to mean poisoned water, ruined livelihoods, and mounting health crises. Oil theft and pipeline sabotage have long plagued the industry, but experts ...
By Denis Mathew The National Union of Petroleum and Natural Gas Workers (NUPENG) has warned the Federal Government against deploying security forces indiscriminately against its members, as tensions with the Dangote Group deepen. This warning follows less than 24 hours after the union suspended a nationwide strike, based on what it now describes as a ...
Oilserv Nigeria Ltd., has called on International Oil Companies (IOCs) operating across Africa to fully leverage the opportunities available within the continent, especially in the Engineering, Procurement, and Construction (EPC) sector. The Group Chief Executive Officer of Oilserv Group, Mr Emeka Okwuosa, made this statement on Thursday at the ongoing Intra-African Trade Fair (IATF 2025) ...
Nigeria Liquefied Natural Gas Limited (NLNG) has highlighted the transformative role of Artificial Intelligence (AI) in enhancing operational efficiency, safety, and productivity across its vast gas infrastructure. Mr Olakunle Osobu, Deputy Managing Director, NLNG, disclosed this while addressing a global audience of more than 50,000 participants from 150 countries in a panel session at the ...
The National Agency for Science and Engineering Infrastructure (NASENI) has joined forces with the Nigerians in Diaspora Commission (NiDCOM) to tap into the skills of Nigerians abroad and drive national technological and economic development. The partnership seeks to connect local innovators with Nigerian scientists, engineers, technologists, and entrepreneurs in the diaspora, creating opportunities for collaboration ...
By Olakunle Oke Nigeria was thrown into darkness on Wednesday after the national power grid failed at about 11:23 a.m., disrupting supply across the country. The Abuja Electricity Distribution Company (AEDC) confirmed the collapse, reporting that power generation plummeted from 2,917 megawatts to barely 1.5 megawatts. Millions of households and businesses were cut off, grappling ...
By Olakunle Oke The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) on Tuesday called off its two-day strike after the Dangote Group consented to unionise its drivers. NUPENG President, Williams Akporeha, confirmed the breakthrough, stating that an agreement was reached at a meeting facilitated by the Department of State Services (DSS). He revealed ...
The Nigerian Independent System Operator (NISO) says it will conduct a full investigation into the immediate and underlying causes of the system disturbance that affected the national grid on Wednesday. The incident occurred at approximately 11:20 a.m., leading to widespread disruptions in power supply across the country. In a statement issued in Abuja, Mr Abdu ...
