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By Seun Ibiyemi President Bola Tinubu has made significant changes at the Nigerian National Petroleum Corporation Limited (NNPC Ltd.), appointing a fresh leadership team to help strengthen the company’s operations and improve its prospects for growth. These new executives are expected to play a key role in driving the transformation of NNPC Ltd., focusing on ...
By Seun Ibiyemi With the Federal Government setting a production target of 2.06 million barrels per day for 2025, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has issued a stern warning to oil licence holders who have failed to develop their wells for decades. He cautioned that operators who have left ...
The Abuja Electricity Distribution Company (AEDC) has announced that its technical team is working tirelessly to restore power to parts of the Federal Capital Territory (FCT) currently experiencing an outage. The company made this known in a statement on its X handle in Abuja on Monday. It listed the affected areas as including Utako, Wuye, ...
Four oil companies operating in Nigeria have paid an additional $14.2 million into the Federation Account as part of an ongoing investigation led by the House of Representatives Public Accounts Committee. This recovered sum is part of the ¦ 9 trillion flagged in the Auditor General’s report for the 2021 financial year, which the committee ...
By Barth Ndubuwah, Port Harcourt The Nigerian Liquefied Natural Gas (NLNG) company has launched the 2025 edition of its annual Science Quiz and Science Project Exhibition, focusing on advancing renewable energy innovations among secondary school students in Rivers State. This year’s competition, which began on Wednesday, is designed to spark creativity, enhance problem-solving abilities, and ...
By Seun Ibiyemi The Nigeria Economic Summit Group (NESG) has urged the Federal Government to maintain crude oil production at 2.2 million barrels per day (bpd) to uphold the viability of the 2025 budget. Speaking at a media briefing in Abuja on Friday, where NESG outlined its strategic vision for 2025 and shared the private ...
The Managing Director of the Niger Delta Power Holding Company (NDPHC) Limited, Engr. Jennifer Adighije, has called for urgent presidential intervention to tackle the severe financial crisis crippling Nigeria’s power sector. She made this appeal while hosting the House Committee on Power, led by Chairman Victor Nwokolo, during their inspection of the Egbema National Integrated ...
Nigeria’s national oil company, NNPC Limited on Thursday said it has begun the assessment of potential partners ahead of its Initial Public Offer at the Nigerian Stock Exchange, in line with the provisions of the Petroleum Industry Act. The company in a statement by its Chief Corporate Communications Officer, Mr Olufemi Soneye said it is ...
Electricity consumers in Anambra have called for the restructuring of the Enugu Electricity Distribution Company (EEDC), citing its failure to provide sufficient electricity across the South East. This demand was detailed in a communiqué issued on Thursday in Awka by the Electricity Consumers Right Network (ECRN) following a stakeholders’ meeting in the state. The communiqué ...
The Major Energy Marketers Association of Nigeria (MEMAN) has affirmed that the implementation of the Petroleum Industry Act (PIA) remains on course, despite ongoing discussions regarding its impact on the sector. The Executive Secretary of MEMAN, Mr Clement Isong, made this known during the association’s first-quarter media training and engagement session in Lagos on Thursday. ...
President Bola Tinubu has approved the appointment of four new members to the Governing Council of the Nigerian Content Development and Monitoring Board. This decision aims to fill existing vacancies and enhance the board’s capacity to promote local content in Nigeria’s oil and gas industry. The announcement was made in a statement on Thursday by ...
The Petroleum Products Retail Outlets Owners Association of Nigeria confirmed that Dangote Refinery has not yet started selling petroleum products in dollars, despite earlier concerns. PETROAN President, Billy Gillis-Harry, stated on Arise Television that members of the association are still purchasing products in naira. Gillis-Harry said that despite talks of a possible suspension, the association ...
The Petroleum Products Retail Outlets Owners Association of Nigeria has praised the Federal Government and the Nigerian National Petroleum Company Limited for successfully running the revamped Port Harcourt Refinery for 180 consecutive days. PETROAN’s National Public Relations Officer, Dr. Joseph Obele, highlighted that the refinery, which had been inactive for over two decades, was rehabilitated ...
The Concerned Energy Professionals in the Niger Delta (CEPND) have called for a revision of the Petroleum Industry Act (PIA) to enhance sustainability for host communities and attract greater investment for both the federal and state governments. In a statement shared with NewsDirect, the group urged the federal government to prioritise these amendments. The group’s ...
The Ogun State Government has signed a Memorandum of Understanding (MoU) with the Confederation of General Employers of Morocco (CGEM) to collaborate on power generation and distribution, education, housing, infrastructure, and port development. This agreement aligns with Governor Dapo Abiodun’s administration’s ambitious plans to generate between 6,000 and 7,000 megawatts to meet the demands of ...
Electricity consumers paid a total of N509.84 billion in the fourth quarter of 2024 despite experiencing five national grid collapses within the same period. The Nigerian Electricity Regulatory Commission (NERC) disclosed in its latest report that there were three instances of total grid collapse and two cases of partial collapse in Q4 2024. NERC stated ...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), has commended the Nigerian National Petroleum Company Limited (NNPC Ltd.), for successfully running the revamped Port Harcourt Refinery for 180 days non-stop Dr Joseph Obele, National Public Relations Officer, PETROAN, who gave the commendation in a statement on Tuesday, also commended the host communities for ...
The Nigerian Electricity Regulatory Commission (NERC) on Tuesday, said that the Electricity Distribution Companies (DisCos), installed a total of 185,439 meters in the fourth quarter of 2024. NERC announced this on its 2024 Fourth Quarter Report, published on its website in Abuja. According to the report, this represents a marginal increase of 0.19 per cent ...
The Dangote Petroleum Refinery & Petrochemicals has exported over two million barrels of jet fuel to the United States of America (USA) in March. Experts assert that this development should bring immense joy to Nigerians, as it attests to the unparalleled quality of the refinery’s products and the trust that the international community places in ...
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has voiced apprehension regarding the possible dangers associated with the Naira-for-crude oil policy. The association cautioned that the policy could threaten Nigeria’s foreign exchange stability and deter Foreign Direct Investment (FDI) inflows. Olufemi Adewole, Executive Secretary of DAPPMAN, expressed these concerns in a statement issued ...
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has raised alarms about potential risks linked to the Naira-for-crude oil policy. The association warned that the policy could jeopardise Nigeria’s foreign exchange stability and discourage Foreign Direct Investment (FDI) inflows. Olufemi Adewole, Executive Secretary of DAPPMAN, expressed these concerns in a statement issued on ...
Seplat Energy reaffirmed its leadership in driving gender equity in STEM at the Society of Petroleum Engineers Women Leadership Lecture Series (SPEWLLS) 2025, themed "March Forward: Advancing Equity and Creating Opportunities in STEM and Beyond". The event which held on March 21, 2025 at the Capital Club, Victoria Island Lagos brought together industry leaders, changemakers, ...
In line with its continuous improvement culture, NLNG has committed to working closely with its stakeholders to improve operational efficiency in its domestic Liquefied Petroleum Gas (DLPG) supply to the country. At an engagement session recently with stakeholders in Lagos, NLNG highlighted its plans to enhance engagement and improve operational efficiency of its LPG supply ...
