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The Independent Petroleum Producers Group (IPPG) has thrown its weight behind the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) Project One Million Barrels Incremental Initiative, reaffirming its commitment to supporting national efforts to increase daily crude oil output. The initiative, spearheaded by the NUPRC, is aimed at scaling up Nigeria’s daily crude production to meet and ...
Dangote Petroleum Refinery is pleased to announce the commencement of a significant national initiative designed to transform Nigeria’s fuel distribution landscape. Effective 15th of August 2025, the Refinery will begin the distribution of Premium Motor Spirit (PMS) and diesel to marketers, petrol dealers, manufacturers, telecoms firms, aviation, and other large users across the country, with ...
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a profit after tax of N748 billion and total revenue of N5.891 trillion for April 2025, according to its latest monthly performance report released on Thursday. The state-owned energy firm confirmed that it made statutory payments totalling N4.225 trillion between January and ...
A delegation from the Independent Petroleum Producers Group (IPPG) visited the Abuja headquarters of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday, during which it commended the Commission for its regulatory reforms and applauded its role in facilitating the divestment of assets by international oil companies (IOCs). The visit was led by the group's ...
The provision of electricity services by individuals or entities in Lagos State without a licence or permit has been prohibited by the State Electricity Regulatory Commission (LASERC). The prohibition is contained in the first major order issued during the week by LASERC since the domestication of power regulation in the state. The directive titled ‘’LASERC ...
The National Oil Spill Detection and Response Agency (NOSDRA) says it’s partnering with the Marine Platform Ltd. to domicile an Oil Capping Stack equipment in Nigeria. NOSDRA Director-General, Mr Chukwuemeka Woke said this on Wednesday in Abuja during the inauguration of a Technical Committee to oversee the installation and operation of the equipment. An oil capping ...
...NSCDC, TCN collaborate to address threats to power installations in Jigawa By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has commenced the construction of a turn-in-turn-out (TITO) connection along the 330kV Jos–Bauchi–Gombe transmission line. In a statement issued on Wednesday in Abuja by Mrs Ndidi Mbah, TCN’s General Manager, Public Affairs, the project was ...
By Seun Ibiyemi Amid ongoing conversations around a proposed crude-for-loan arrangement with Saudi oil giant Aramco, the federal government has said that it remains committed to deploying innovative and fiscally responsible financing strategies to optimise Nigeria’s oil assets, enhance external liquidity, and strengthen macroeconomic stability. In a statement issued on Wednesday, the Federal Ministry of ...
NLNG, Nigeria’s gas company, has partnered with the Nigerian Content Development and Monitoring Board (NCDMB) to train 140 technicians and engineers through its Train 7 HCD Advanced Training Programme. The training, which is to run for three months at the gas company’s Bonny Island complex, is to produce world-class professionals – technicians and engineers – ...
Nigeria and Saudi Arabia’s state oil giant Aramco are struggling to reach an agreement on a record $5 billion oil-backed loan after a recent decline in crude prices sparked concerns among banks expected to finance the deal, four sources familiar with the matter told Reuters. The proposed facility would be Nigeria’s largest oil-backed loan to ...
NNPC Limited has warned the general public, especially foreign investors and international business entities to be mindful of the activities of some fraudsters and criminal elements, who present themselves as representatives of the company with the aim of defrauding them. Describing such actions as illegal and unauthorised, the Company disclosed that such criminal elements solicit ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has defended the integrity of the 2024 Oil Block Licensing Round following widespread criticism over the award of lucrative oil blocks to a newly incorporated company, Panout Oil & Gas. Concerns were raised after it emerged that Panout, just eight days old at the time of bidding, clinched ...
The Nigerian Content Development and Monitoring Board (NCDMB) says 90 percent of the Nigeria content intervention (NCI) fund, managed by the Bank of Industry (BOI), has been repaid. The Executive Secretary of the NCDMB, Felix Ogbe spoke during an oversight visit by the senate committee on local content to the board’s facilities, according to a statement ...
The Abuja Electricity Distribution Company (AEDC) has announced a power outage in parts of the federal capital territory (FCT). In a statement over the weekend, the AEDC said the blackout was due to a “technical fault” on the feeders serving the affected areas. According to the company, the locations affected are Efab Classic Estate, Metro ...
Africa’s largest private power firm, Sahara Power Group (SPG), in collaboration with Crescendough Nigeria Limited (CNL), has commissioned the 180MW Afam II Power Plant in Rivers State, delivering a major boost to Nigeria’s electricity supply and underlining the growing influence of private-sector partnerships in addressing the country’s energy challenges. The plant, fully developed and delivered ...
ABUJA – Vice-President Kashim Shettima has announced Nigeria’s commitment to a $25 billion undersea gas pipeline project that will supply natural gas to Europe via the West African coast, reinforcing the country’s ambition to become a major global energy player. Shettima made the disclosure during a meeting with senior executives of Vitol Group, the world’s ...
The Enugu Electricity Distribution Company (EEDC) says the current tariff is a fallout from the Service Based Tariff (SBT) which was introduced by the Nigerian Electricity Regulatory Commission (NERC) in 2020. This is part of measures to ensure that distribution companies deliver efficient services to customers. The Head Corporate Communications of EEDC, Mr Emeka Ezeh ...
A delegation from Renaissance Africa Energy Company Limited (RAEC) has paid a courtesy visit to the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, at his office in Abuja, as part of ongoing engagement with strategic indigenous players in Nigeria’s energy sector. The delegation was led by Dr. Layi Fatona, ...
By Ahiaba Douglas President of the Trade Union Congress (TUC) and National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Festus Osifo, has delivered a damning midterm assessment of President Bola Ahmed Tinubu’s administration, stating that the government’s performance falls “far below” what Nigerians were promised or anticipated. Osifo ...
…As host communities tell NNPCL to adhere to 30-day timeframe for maintenance Host communities in Okrika and Eleme Local Government Areas of Rivers State have expressed alarm over the recent shutdown of the Port Harcourt Refinery by the Nigerian National Petroleum Company Limited (NNPCL), cautioning that the move could result in another round of fuel ...
President of Dangote Group, Aliko Dangote, has stated that Nigerians are currently paying only 55 percent of what citizens in neighbouring West African countries spend on Premium Motor Spirit (petrol), attributing the difference to the impact of local refining. Dangote made the remark during a high-level tour of his 650,000 barrels-per-day refinery, led by the ...
By Seun Ibiyemi Nigeria will host the fourth edition of the African Natural Resources and Energy Investment Summit (AFNIS) from 14 to 17 July in Abuja, bringing together stakeholders from across the continent to accelerate the sustainable development of Africa’s vast natural and energy resources. This was announced in a statement issued on Monday by ...
Professor Wumi Iledare, Professor Emeritus of Petroleum Economics at Louisiana State University, has urged the Federal Government to place sustainable development at the heart of ongoing reforms in Nigeria’s oil and gas industry. Speaking to journalists on Monday in Lagos, Professor Iledare called on President Bola Tinubu’s administration to uphold the provisions of the Petroleum ...
