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By Seun Ibiyemi Mr Olufemi Soneye, the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has announced his resignation from the role. In a message posted on his Facebook page over the weekend, Soneye explained that his decision was driven by a need to devote more time to his family ...
The Rural Electrification Agency (REA) and thecFirst City Monument Bank (FCMB) have entered into a strategic collaboration to provide a ₦100 billion loan facility targeted at accelerating private sector-led deployment of renewable energy solutions across the country. This collaboration was unveiled at the bank’s head-quarters in Marina, Lagos during the week. The agreement supports the ...
...Applauds surpassing of vessel target By Seun Ibiyemi President of Dangote Group, Aliko Dangote, has praised the Nigerian Ports Authority (NPA) for the successful implementation of its One-Stop-Shop (OSS) initiative, describing it as a transformative step forward for the country's energy and logistics sectors. During a courtesy visit to the NPA Managing Director and Chief ...
The Transmission Company of Nigeria (TCN) reports that 86 towers were vandalised in 2024, with 26 completely brought down.Mr Ali Sharifa, General Manager of Transmission Service at TCN, disclosed this on Thursday in Keffi during a presentation on infrastructure vandalism at a workshop organised for Power Correspondents. According to him, year 2024 and 2025 have ...
By Seun Ibiyemi The Major Energy Marketers Association of Nigeria (MEMAN) has pointed out the urgent need for a more robust competition framework in the country’s energy and broader economic sectors, during its Q2 2025 quarterly press engagement themed “Fair and Healthy Competition.” The event, which drew stakeholders from across regulatory, corporate, and civil society ...
The Chairperson of the Society of Petroleum Engineers (SPE) Nigeria Council, Amina Danmadami, has called on stakeholders across Africa’s gas sector to fully harness the continent’s natural gas resources, describing it as a strategic imperative for economic transformation. Speaking at the 2025 Africa Gas Innovation Summit (AGIS), themed “Building a Resilient African Gas Economy through ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled stringent new requirements for crude oil and petroleum product exports, mandating exporters to secure an export permit, vessel clearance, and a Unique Identification Number (UIN) before any shipment can depart the country. This directive, outlined in the Nigerian Upstream Petroleum Advance Cargo Declaration Regulation 2024, is ...
The Rivers State chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has endorsed Dangote Petroleum Refinery’s proposed direct distribution of Premium Motor Spirit (PMS), describing it as a major step towards addressing longstanding inefficiencies in the nation’s downstream sector. Speaking to journalists in Port Harcourt on Wednesday, IPMAN Chairman, Mr Tekena Ikpaki, welcomed ...
Nigeria’s Dangote Refinery is preparing to export its first petrol shipment outside the West African region, marking a significant step in the company’s expansion into the global fuel market. A source familiar with the transaction told Reuters that leading commodity trader Mercuria is scheduled to load a 90,000 metric tonne cargo of petrol from the ...
By Seun Ibiyemi Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMΑΝ) has suspended their one-day-old strike. The marketers embarked on strike on Monday over the implementation of the e-call up for the Lekki-Epe corridor. In a statement issued on Tuesday by National Secretary of IPMAN, Hon. James Terlumun Tor to ...
Several professionals and industry stakeholders have called on the Federal Government to reconsider its decision to import 75,000 electricity meters under the International Competitive Bid 1, urging support for local manufacturers to stimulate industrial growth and job creation. The Minister of Power, Mr Adebayo Adelabu, had announced on April 6 that the government would begin ...
Civil society organisations in Rivers State have urged the Federal Government and oil companies to fully implement the Petroleum Industry Act (PIA) and the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, saying these laws hold the key to creating jobs and curbing youth restiveness in the Niger Delta. Data from the National Bureau ...
The Africa Petroleum Producers Organisation (APPO) has announced the launch of the 1st Annual Energy Investment Roundtable, New York (2025), scheduled to take place alongside the 80th Session of the United Nations General Assembly (UNGA). This high-level event is designed to draw global attention to Africa’s untapped energy potential and stimulate substantial international investment into ...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to the Lagos State government to reduce the newly introduced ₦12,500 electronic call-up parking fee to ₦2,500, warning that the increased charge could lead to a rise in petrol prices at the pump. IPMAN’s National Publicity Secretary, Mr Chinedu Ukadike, made the appeal on Tuesday ...
By Tolulope Oke Your electric water heater and AC might seem like the only villains responsible for keeping your prepaid units depleted quickly, but you are wrong. Electric kettles, air conditioners, and refrigerators are obvious, but less obvious power guzzlers lurking in your home draining electricity every day, even when not used in the obvious ...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to implement a clear and transparent pump pricing framework to protect consumers from being overcharged. PENGASSAN President, Mr Festus Osifo, made the appeal during a world news conference held in Abuja on ...
The Association of Nigerian Electricity Distributors (ANED) has expressed concern over the country’s persistently low power generation output despite having one of the world’s largest gas reserves. The Executive Director of Research and Advocacy at ANED, Sunday Oduntan, made this known during a recent retreat organised by the Senate Committee on Power in Uyo, Akwa ...
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 ...
The Federal Government has announced fresh efforts to revive the long-dormant Ajaokuta Steel Company, marking a renewed push to bring one of Nigeria’s most significant industrial assets back into full operation. Over the weekend, authorities confirmed that the government has opened high-level discussions with major Chinese steel conglomerates to secure the technical know-how, financial support, ...
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 ...
