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...Celebrates Mele Kyari on 60th birthday ...I rose from an Almajiri pupil to CEO of NNPC — Mele Kyari ...Tantita ready to partner NNPCL to raise crude oil production — Tompolo By Seun Ibiyemi and Matthew Dennis President Bola Ahmed Tinubu has congratulated Mallam Mele Kolo Kyari, the Group Chief Executive Officer (GCEO) of the ...
Nigeria, Africa’s leading oil producer, has crossed the 1.5 million barrels per day (bpd) threshold in crude oil production, surpassing its December 2024 quota set by the Organisation of Petroleum Exporting Countries (OPEC). According to tanker tracking data, Nigeria’s output rose by 40,000 bpd to reach 1.51 million bpd, marking its highest production level in ...
By Seun Ibiyemi Ikeja Electric Plc (IE), Nigeria’s leading electricity distribution company, has raised the alarm over the rising incidence of vandalism targeting its infrastructure. The company also announced the arrest of two individuals allegedly involved in a recent act of sabotage, underscoring the increasing threat to its operations and service delivery. In a statement ...
The Dangote Petroleum Refinery accounted for 13% of Nigeria’s crude oil exports as domestic supply in 2024. This marks a significant increase from 2% in 2023, while slightly reducing the country’s crude exports to Europe. Despite being a major net exporter of crude, Nigeria still imported 47,000 barrels per day of US oil in 2024. ...
Seplat Energy, listed in Nigeria and London, has said it will double its overall crude oil production through its newly acquired onshore assets from ExxonMobil Corporation. The company’s senior management has expressed commitment to doubling its production capacity from 50,000 barrels per day to roughly 120,000 bpd in six months. Seplat’s Chief Financial Officer Eleanor ...
...As customers received N207m as credit adjustments for as credit adjustments for over billing By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has reported that metering, billing, and service interruptions accounted for 70.28 percent of customer complaints received across all power distribution companies (DisCos) in the third quarter (Q3) of 2024. According to NERC’s ...
The achievement of nearly 80% completion of production capacity at the Warri Refinery and Petrochemical Company belonging to the Nigerian National Petroleum Corporation Limited (NNPCL) is one of the significant milestones in revamping both Federal and State industries in Nigeria, especially in Delta State. The Director General of Delta State Bureau for Orientation and Communications, ...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has justified its earlier request that the Federal Government authorize a N100 billion intervention fund to help stabilise the petroleum products market and make them more accessible to Nigerians. President of the association, Dr. Billy Gillis-Harry spoke on Arise TV’s This Morning Show on Monday ...
...As Aba DisCo announces over 50% increase in electricity tariffs By Seun Ibiyemi As the new year begins, electricity consumers across Nigeria in Lagos and Ogun state are reacting to the recent transfer of many users by Ikeja Electric, Ibadan Electricity Distribution Company (IBEDC), and other electricity distribution companies (DisCos) to Band A, the tariff ...
The management of BUA Refinery and Petrochemicals has dismissed claims that its 200,000 barrels per day refinery is at 90 percent completion. The management, however, stated that remarkable strides are being made in the Akwa Ibom refinery project, adding that construction is progressing steadily. This was made known in a release made available on the ...
In a significant step towards achieving the goals of President Tinubu’s CNG Initiative (Pi-CNG), Tetracore Energy announced over the weekend that it has entered into a collaboration with Dangote Cement, a subsidiary of the Dangote Group of Companies, to supply Compressed Natural Gas (CNG) for its logistics operations. Under the strategic partnership, Tetracore will deliver ...
The Federal Ministry of Power has allocated N150 billion for transmission projects under the Presidential Power Initiative (PPI). This provision is included in the 2025 Appropriation Bill, which was recently presented to the National Assembly by President Bola Tinubu. The PPI is one of several initiatives and bilateral partnerships aimed at addressing Nigeria’s longstanding power ...
Oil marketers target to start lifting Premium Motor Spirit from the 125,000 barrels per day Warri Refinery by February 2025. This comes as the Independent Petroleum Marketers Association of Nigeria confirmed that its members have started lifting automotive gas oil (diesel) and kerosene. Chairman, Delta State chapter of the Independent Petroleum Marketers Association of Nigeria, ...
As Masters Energy Group inches close to its 20th anniversary this year, the organisation marked the end of 2024 with a historic event that underscored its commitment to community development and nation-building. On December 29th, 2024, in Onuaku Uturu, Isuikwuato LGA. Abia State, three monumental projects—the Wilson and Paulina Memorial Hospital, The Wilsons Hotels and ...
The Jigawa State Government has approved N1 billion to acquire a 10 percent stake in the Kano Electricity Distribution Company (KEDCO). The Commissioner for Information, Youths, Sports, and Culture, Sagir Musa, disclosed in a statement that the state executive council had approved the release of the funds. Musa said that the investment is aimed at ...
