Latest in
The Nigerian National Petroleum Company Limited (NNPC Ltd.), says that the Premium Motor Spirit (PMS), known as fuel, being dispensed at its various retail outlets is high quality. The NNPC Ltd. in a statement issued by its Chief Corporate Communications Officer, Olufemi Soneye said that the clarification was necessary following a misleading viral video online, ...
The Nigeria Mainstream and Downstream Petroleum Regulatory Authority (NMDPRA) has sealed seven filling stations in Kogi State over allegations of under-dispensing petroleum products to customers. The NMDPRA Kogi Coordinator, Mr Ogbe Godwin, made the announcement during a press conference on Thursday in Lokoja, where he also accused the stations of operating without authorisation for their ...
By Seun Ibiyemi The Organisation of Petroleum Exporting Countries (OPEC), has said that Nigeria’s average daily crude oil production has increased significantly to 1.539 million Barrels Per Day (bpd) in January. The country for the first time, met the OPEC production quota of 1.5 million bpd since it was set for the 2024 period ...
The Federal Government and the African Export-Import Bank (Afreximbank) has assessed the country’s readiness ahead of the commencement of operations of the Africa Energy Bank (AEB) in Abuja. A statement issued on Thursday by Special Adviser, Media and Communications, Nneamaka Okafor to Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), stated that the ...
The Ogun State Government has firmly dismissed claims by its Ondo State counterpart regarding the ownership of Eba Island, where an oil well is currently under investigation. It emphasised that the island falls within Ogun State’s jurisdiction and cautioned against any attempt to stir communal tensions between the Ijebu and Ilaje peoples, who have historically ...
The Transmission Company of Nigeria (TCN) has announced the restoration of the Omotosho-Ikeja West Transmission line after it tripped on Wednesday. TCN’s General Manager for Public Affairs, Mrs Ndidi Mbah, confirmed in a statement on Wednesday that the line had been successfully restored and normal power supply had resumed in the affected areas. Mbah clarified ...
…Samsung to invest $300m in Nigerian Maritime By Omolola Dede Adeyanju The Nigerian Content Development and Monitoring Board (NCDMB) has called on African nations to optimise their supply chains in order to enhance local content development and drive economic growth. Speaking at the 9th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC), officials from the ...
The newly appointed Chairman of Nigerian Bulk Electricity Trading (NBET) Company Sulaiman Muhammad Argungu has assured Nigerians of policies that would promote stability, transparency, and innovation in electricity trading in the country. He also said that a strong focus on sustainable and renewable energy solutions would be given priority attention by the company. Argungu, who ...
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has sealed two filling stations and a gas plant in Sagamu, Ogun, over alleged infractions. The NMDPRA Coordinator in Ogun and Surveillance team lead, Mr Akinyemi Atilola, who coordinated the exercise on Wednesday, said that the action was in order to safeguard the lives and properties ...
Engr Victor Bandele, DMD, Deepwater Assets at TotalEnergies has stressed the need for greater efficiency and collaboration for the energy industry in Nigeria to be competitive and attract investments. He also explained that the right environment increases the appetite to invest. Bandele and other company executives shared perspectives on Driving Africa’s Energy at a session ...
By Seun Ibiyemi Managing Director, Shell Nigeria Exploration and Production Company Ltd. (SNEPCo), Ronald Adams says Nigeria’s target of over 2.4 million barrels per day can be met, if ongoing reforms are sustained. He made this known in a statement signed by the Media Relations Manager of the energy firm, Mrs Gladys Afam-Anadu on Wednesday. ...
Stakeholders in the oil and gas industry have proffered solutions to the incessant petroleum tanker accidents and fire outbreaks which claimed many lives in the country. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), convened a stakeholders’ engagement on measures to mitigate oil tanker accidents, on Wednesday in Abuja. In recent times, Nigeria witnessed ...
The national grid experienced another system collapse, throwing many Nigerians into darkness. Our correspondent reports that the grid lost power generation some minutes after 11 on Wednesday morning. The spokesperson of the Transmission Company of Nigeria, Ndidi Mbah, has yet to respond to a message sent to her by our correspondent as she said she ...
The European Union (EU) and the Enugu State Government have committed to exploring potential partnership areas across the power and infrastructure sectors to drive economic growth and development in the state. This was disclosed by the Head of Cooperation at the European Union Delegation to Nigeria and ECOWAS, Mr. Massimo De Luca, Tuesday, when he ...
By Seun Ibiyemi The Shell Nigeria Exploration and Production Company Ltd. (SNEPCo) says Nigeria’s target of over 2.4 million barrels per day can be met, if ongoing reforms are sustained. The Managing Director, SNEPCo, Ronald Adams made this known in a statement signed by the Media Relations Manager of the energy firm, Mrs Gladys Afam-Anadu ...
The Nigerian National Petroleum Company Limited (NNPCL) has confirmed its significant contribution to the Nigerian Electricity Supply Industry (NESI), with its Chief Corporate Communications Officer, Olufemi Soneye, highlighting the company’s key role in the sector. Speaking in Abuja on Tuesday at the NNPCL workshop and engagement session with selected Kannywood artistes, Soneye explained, “NNPC Ltd ...
Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per litre, down from N1,075 per litre at the gantry price, in an effort to better serve its customers and Nigerians in general. Since it began diesel production in January 2024, the refinery has reduced the price of diesel more ...
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Haitham Al Ghais has said that many global Net-Zero policies have unrealistic targets and timelines and have little regard for developing countries with energy poverty. In an article published on the official website of OPEC, Al Ghais argued against the demonisation of hydrocarbons, especially ...
…Announces ‘African Energy Bank’ as financing game-changer ...As NNPC, NCDMB call for investment in Africa’s energy future By Seun Ibiyemi The Federal Government, through the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has declared that the country is at the forefront of a transformative energy revolution in Africa. Speaking during the Sub-Saharan ...
By Seun Ibiyemi The 9th edition of the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) commenced today at the Eko Hotel, Lagos, bringing together industry leaders, policymakers, and investors to discuss the future of Africa’s oil and gas sector. In his welcome address, Chairman of the Petroleum Technology Association of Nigeria (PETAN), Engr. Wole ...
By Seun Ibiyemi The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has called for a unified local content strategy across Sub-Saharan Africa to boost industrialization and economic growth in the region. Speaking at the 9th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC), he emphasized that fragmented ...
By Seun Ibiyemi The Group Chief Executive Officer of NNPC Limited, Mallam Mele K. Kyari, has said that there is need for increased collaboration and investment to build a resilient and sustainable energy future for Africa. Speaking at the 9th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC), Kyari stated Africa’s crucial role in ensuring ...
By Seun Ibiyemi The Federal Government through the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Ph.D., has emphasized local content development, sustainability, and Africa’s financial independence in the energy sector during Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) 2025, Nigeria’s Speaking on the theme “Building Africa’s Future: Advancing Local Content and ...
