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The Presidency has dispelled widespread concerns over the departure of International Oil Companies (IOCs) from Nigeria, stating that the companies are not leaving the country but are instead recalibrating their operations with greater emphasis on deepwater exploration. This clarification was given by Mrs Olu Verheijen, Special Adviser to President Bola Tinubu on Energy, during a ...
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has been appointed into the Executive Board of the African Petroleum Producers’ Organization (APPO). By the appointment, Ogbe becomes Nigeria’s representative on the Board of the 18-member continental body, which has its headquarters at Brazzaville, Republic of the Congo. ...
The Federal Government has announced plans to deploy seven million smart electricity meters across Nigeria under the Presidential Metering Initiative, aiming to address estimated billing and reduce revenue leakages within the power sector. The disclosure was made by Mrs Olu Verheijen, Special Adviser to President Bola Tinubu on Energy, during a media briefing on Sunday ...
By Seun Ibiyemi The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL), accusing it of failing to remit ₦500 billion in oil revenue to the Federation Account between October and December 2024. The organisation disclosed the legal action on Sunday through a post on X ...
Energy analyst Kelvin Emmanuel has warned that the Nigerian government’s recently introduced executive directives aimed at improving cost efficiency in the upstream oil sector are inadequate to address deeper, long-standing structural and economic problems, particularly within the struggling onshore segment. Speaking in an interview on Arise TV’s Business Week on Saturday, Emmanuel observed that the ...
Dangote Oil Refinery is set to import at least five million barrels of U.S. West Texas Intermediate (WTI) crude oil for delivery in July, continuing a buying spree that may result in a record volume of WTI imports for June. The refinery recently awarded tenders for approximately 161,000 barrels per day (bpd) of U.S. crude ...
The Transmission Company of Nigeria (TCN) has announced notable advancements on vital electricity transmission projects intended to improve power supply, reliability, and capacity in Kaduna and surrounding areas. At a press briefing held at the TCN regional office in Kaduna, Engr Nasir Mansur S. Fada, General Manager Transmission for the Kaduna Region, reaffirmed TCN’s dedication ...
The Benin Electricity Distribution Company (BEDC) and its subsidiary, BEDC Electricity Ondo Limited (BEOL), have strongly rejected an alleged attempt by the Ondo State Government to assume control of electricity distribution within the state. The firm issued a statement on Friday in Benin, responding to comments by the Special Assistant to the Ondo State Governor ...
Nigeria Liquefied Natural Gas Limited (NLNG) has announced plans to increase youth participation in its recently expanded specialised skills-based programme under the Train 7 Project. Mr Dagogo Buowari, Manager of Nigerian Content Development at NLNG, made the statement during the launch of the Train 7 Project Human Capital Development (HCD) Basic Training Supplementary Programme in ...
…As Dangote reiterates refinery's capacity to meet ECOWAS petroleum needs ECOWAS leaders have praised the Dangote Petroleum Refinery as a powerful symbol of Africa’s industrial potential and economic self-reliance. During a recent high-level visit to the 650,000 barrels-per-day facility, the President of the ECOWAS Commission, Dr Omar Alieu Touray, described the refinery as a beacon ...
The Nigerian Association of Energy Correspondents (NAEC) has announced that its annual conference will hold on October 9, 2025, at Eko Hotel & Suites, Lagos. Themed “Nigeria’s Energy Future: Exploring Opportunities, Addressing Risks for Sustainable Growth,” the event promises to offer a comprehensive examination of the nation’s evolving energy sector amid global energy transition efforts. ...
By Seun Ibiyemi The Managing Director, Rural Electrification Agency (REA), Mr Abba Aliyu has said that the agency has mobilised contractors back to sites across the country to complete previously abandoned electricity projects. Aliyu made the disclosure on Wednesday in Lagos during a media chat on the sidelines of the launch of Bellazir Energy Ltd. ...
Managing Director of Bellazir Energy Ltd, Christabel Aniemeka has said her company is set to disrupt Nigeria’s downstream sector with the innovative use of technology. Speaking at the official launch of the new entrant in in Nigeria’s downstream sector, Christabel said Bellazir is poised to revolutionise fuel distribution in Nigeria through innovation, reliability, and a ...
The House of Representatives is set to hold its inaugural National Legislative Conference on Renewable Energy in Lagos State, scheduled for 5 and 6 May 2025. Chairman of the House Committee on Renewable Energy, Honourable Àfam Ogene, made the announcement during a press briefing in Abuja on Wednesday. He stated that the conference aims to ...
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has expressed strong support for the newly established joint venture between the Nigerian National Petroleum Corporation Limited (NNPC), Caverton Offshore Support Group, and international shipping firm Stenabulk, describing it as a strategic move to retain oil and gas revenues within Nigeria. Speaking during a ...
The highly anticipated grand finale of NNPC Limited’s Oleum Scratch and Win Awoof Promo took place at the NNPC Retail station in Marina, Lagos, rounding off the nationwide campaign with celebration, surprises, and substantial prizes. The event marked a thrilling conclusion to the promotion, which ran from 19 November 2024 to 28 February 2025. Throughout ...
The Nigerian Liquefied Natural Gas (NLNG) Limited has unveiled a new initiative aimed at boosting entrepreneurship across Rivers State through a scheme that promises $1,300 business grants to 50 standout participants. The programme, known as the Vocational, Innovation, Business, and Empowerment Scheme (VIBES), was formally launched during the week in Port Harcourt. It was introduced ...
The Minister of Solid Minerals Development, Dr Dele Alake, has expressed firm support for the newly established Department of Gemology and Gemstones at Yakubu Gowon University, Abuja, the first of its kind in Africa. Dr Alake made the commitment during a meeting in Abuja on Tuesday with a delegation from the university, led by Professor ...
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and its Chief Executive, Engr. Gbenga Komolafe, have been nominated for top honours at the 2025 Africa Energies Summit Awards, set to take place on 15 May in London. The Commission has been shortlisted for the Rhino Award, which recognises Africa’s most outstanding regulatory bodies ...
By Seun Ibiyemi A coalition of legal practitioners under the banner of Guardians of Democracy and Rule of Law staged a protest on Monday at the Federal Ministry of Finance, calling for a judicial inquiry into the administration of former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kolo Kyari. ...
The Nigerian Economic Summit Group (NESG) has voiced serious concerns that the proposed 2025 federal budget does not go far enough in addressing essential electricity tariff reforms. In a newly released report titled ”2025 FGN Budget Analysis: Can the Budget Deliver a Major Economic Boost?”, the policy think tank warned that without urgent reforms to tariff ...
Seplat Energy Plc has released its audited financial results for the first quarter ended 31 March 2025, recording a sharp surge in revenue and profits as it scaled up operations and significantly strengthened its balance sheet. The energy firm posted revenue of ¦ 1.228 trillion for the period, a dramatic increase from ¦ 268.6 billion ...
The Rural Electrification Agency (REA) on Monday signed grant agreements with nine renewable energy companies to extend electricity access to 17.5 million Nigerians. The companies involved are Privida Power Limited, Baobab Plus, Salpha Energy, Asolar, NTA-StarTimes, A4&T Power Solutions, Sunking Greenlight Planet, Bboxx, and D.Light. This event marks the first set of signings under the ...
