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By Seun Ibiyemi The Eko Electricity Distribution Company (EKEDC) attributed poor power in Lagos to a fault on the 330kV transmission lines supplying power to the region. A statement signed by the company explained that the reduced power allocation from the Transmission Company of Nigeria (TCN) has led to load-shedding across its network. “This is ...
By Mathew Dennis The Nigerian National Petroleum Company Limited (NNPC Ltd) has denied reports alleging that it has unilaterally stopped supplying crude oil to Dangote Refinery under the Naira crude contract. In a statement issued on Monday, NNPC Ltd’s Chief Corporate Communications Officer, Olufemi Soneye, clarified that the crude sale agreement in Naira was structured ...
The Abuja Electricity Distribution Company (AEDC) has attributed the power outage in some areas of the Federal Capital Territory (FCT) to a technical fault on the feeder serving those locations. The company made this known in a statement posted on its X, formerly Twitter, handle in Abuja on Monday. The areas affected by the outage ...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Federal Government to regulate the frequent downward review of petroleum product prices, warning that unchecked price fluctuations are causing financial instability and losses in the downstream sector. In a statement released yesterday, PETROAN expressed concern over the volatility of fuel prices, noting ...
By Seun Ibiyemi The House of Representatives has secured the commitment of seven major oil companies to settle a total debt of $37,435,094.52 (approximately ¦ 58 billion) owed to the country before August. This was disclosed in a statement by the Spokesman of the House of Representatives, Rep. Akin Rotimi Jr., in Abuja on Monday. ...
By Seun Ibiyemi The Nigerian Content Development and Monitoring Board (NCDMB) has assured Heritage Energy & Oil Services Limited and its joint venture partners of continued support for their operations on Oil Mining Lease (OML) 30. Heritage Energy, along with Shoreline Natural Resources and NNPC Exploration and Production Limited (NEPL), met with the Executive Secretary ...
By Seun Ibiyemi The Nigerian Content Development and Monitoring Board (NCDMB) has acquired a 20 per cent equity stake in a 100,000 barrels per day (bpd) refinery project, in collaboration with African Refinery Group Ltd and the Nigerian National Petroleum Company (NNPC) Ltd. The share purchase agreement, formalised last week, integrates NCDMB as a significant ...
The Federal Government, through the Minister of Power, Adebayo Adelabu, has strongly condemned the attack carried out by Nigerian Air Force (NAF) personnel on the headquarters of the Ikeja Electricity Distribution Company (IKEDC) on Thursday. In a statement released over the weekend by Bolaji Tunji, Special Adviser on Strategic Communications to the Minister of Power, ...
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has granted refining licences to three companies for the establishment of new refineries in Abia, Delta, and Edo States. These upcoming refineries are projected to add a combined refining capacity of 140,000 barrels per day (bpd) to Nigeria’s domestic refining sector. An official post by the ...
By Seun Ibiyemi The Petroleum Technology Association of Nigeria (PETAN) and the Abia State Government have joined forces to establish ABTAN Energy, a strategic partnership aimed at advancing oil exploration and production in the state. This collaboration marks a significant step towards harnessing Abia’s hydrocarbon resources, boosting economic growth, and creating job opportunities within the ...
Nigeria imported fuel and diesel valued at about N930 billion in February 2025, despite increasing local refining capacity, raise concerns about policy direction and economic rationale. The latest data on fuel imports shows that, in addition to the N930 billion spent in February 2025, oil marketers licensed by the Nigerian Midstream and Downstream Petroleum Regulatory ...
The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday achieved a much-needed consensus among critical oil and gas industry stakeholders and manufacturers to ramp up in-country production and utilisation of line pipes in oil and gas operations, as part of the strategy deepen local content, and conserve foreign exchange and create jobs. The Oil ...
...Signs Landmark agreement with Ssonic Petroleum Ltd to Supply 80mmscf/d The NNPC Gas Marketing Ltd, a subsidiary of the NNPC Ltd, and its Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd to supply natural gas to the company’s proposed Liquefied Natural Gas (LNG) ...
The Transmission Company of Nigeria (TCN) has said it will conveniently evacuate 10,000 megawatts (mw) of generated power in less than two years from now. Alhaji Sule Abdulaziz, Managing Director, TCN, said this while briefing State House Correspondents on Thursday. He said for the first time in the nation’s history, the power sector recorded a ...
The House of Representatives Committee on Environment has called on the Nigerian National Petroleum Company Limited (NNPCL) to begin the clean-up of communities affected by a recent oil spill and fire incident. Chairman of the committee, Rep. Julius Gbabojor, made this statement on Thursday in Abuja, following a hearing on a petition against the activities ...
The National Union of Electricity Employees (NUEE) has issued a warning of an impending nationwide strike if authorities fail to ensure the safety and protection of its members working in the country’s power sector. This threat follows an alleged assault by military personnel on employees of Ikeja Electric (IE) after the company disconnected power supply ...
The House of Representatives Committee on Environment, has urged the Nigeria National Petroleum Company Limited (NNPCL) to commence the clean up of communities affected by its oil spill and fire incident. Rep. Julius Gbabojor, Chairman of the committee, on Thursday in Abuja, said this was the resolution of the committee, following a hearing over a ...
Nigeria’s crude oil production increased in February, 2025 with the country producing approximately 70,000 barrels per day above its Organization of the Petroleum Exporting Countries quota, according to a Reuters survey. OPEC’s oil output increased last month, driven by resilient Iranian exports despite renewed U.S. restrictions and Nigeria’s production exceeding its 1.5 million bpd target ...
The House of Representatives Committee on Public Petitions has directed the Managing Director of the Niger Delta Development Commission (NDDC) to appear in person before it on Tuesday, 11 March, to explain the circumstances surrounding the abandonment of the contract for the construction of the Okpai shoreline protection and landing jetty in Delta State. The ...
...Tariff increase will push available generation to 7,000MW The Minister of Power, Mr Adebayo Adelabu, on Wednesday reaffirmed the Federal Government’s dedication to delivering a stable and reliable electricity supply to Nigerians. This was disclosed in a statement issued in Abuja by Mr Bolaji Tunji, the Special Adviser on Strategic Communication to the Minister of ...
The Rural Electrification Agency (REA) has officially commissioned a 440kWp interconnected mini-grid in the communities of Etomi, Agbokim, Abia, and Bendeghe in Etung Local Government Area, Cross River State. The initiative is designed to accelerate the development of Nigeria’s interconnected mini-grid market and provide clean energy access to approximately 125,000 beneficiaries. Implemented under the Interconnected ...
By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has announced the country’s power generation reached 5,713.60 megawatts on Tuesday, marking the highest level in four years. In a statement on Tuesday, TCN revealed that the latest figure represents the highest peak generation for 2025 and was successfully transmitted across the grid. The new milestone ...
The Obololi community in the Southern Ijaw Local Government Area of Bayelsa has reported that no relief assistance has reached them following the oil spill on 16th February, which released crude oil and contaminated the River Nun. The National Oil Spills Detection and Response Agency (NOSDRA) traced the source of the spill to a 16-inch ...
