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Nigeria must go beyond building renewable energy projects and focus on the professional management, maintenance and financing of those assets throughout their economic life, the Infrastructure Corporation of Nigeria (InfraCorp) has said. The Managing Director and Chief Executive Officer of InfraCorp, Dr Lazarus Angbazo, said this at the launch of the Renewable Asset Management Company ...
Geoplex Drillteq Limited, a leading indigenous oilfield services company, has won the 2026 Indigenous Service Company Award presented by the Oil and Gas Trainers Association of Nigeria (OGTAN). The award was presented during an OGTAN event held at the Petroleum Training Institute (PTI), Effurun, Delta State. The event brought together professionals, oil and gas service ...
The Dangote Petroleum Refinery has been identified as the key driver behind a seven-fold increase in Nigeria’s seaborne petroleum product exports since 2023, according to the latest report by the United States Energy Information Administration (EIA). The U.S. agency disclosed that Nigeria’s seaborne petroleum product shipments averaged 561,000 barrels per day (bpd) in the second ...
Geregu Power Plc’s return to the national grid after more than six months offline comes at a critical juncture for Nigeria’s electricity sector, as the country continues to grapple with inadequate power generation and the financial pressures confronting sector operators. The company reconnected its GT13 generating unit to the national grid on August 18 after ...
Nigeria’s petrol imports increased by nine per cent in July 2026 as domestic petrol supply fell sharply and national consumption declined by 25 per cent, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The NMDPRA’s July 2026 Midstream and Downstream Statistics showed that imported Premium Motor Spirit (PMS), otherwise known as petrol, rose to an average of 19.7 million litres ...
The Nigerian National Petroleum Company Limited (NNPCL) has increased its retail pump price for Premium Motor Spirit (PMS), commonly known as petrol, across Abuja and adjacent areas, defying easing global crude oil benchmarks and market supply initiatives. A market survey revealed that the national oil company retail stations adjusted their pump price upward by ₦20, ...
The Niger Delta Power Holding Company Limited (NDPHC) has commended the Nigerian Ports Authority (NPA) for its efforts in facilitating the recovery of abandoned cargoes worth billions of naira at seaports across the country. The company described the recovery as a significant development that would help reduce losses associated with abandoned goods while also improving ...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Rivers State Government to replicate the Lagos Compressed Natural Gas (CNG) success in Rivers State. The National President of PETROAN, Dr. Billy Gillis-Harry, made the call while speaking to newsmen in Lagos during an inspection of CNG refuelling locations. Gillis-Harry said Rivers ...
...OML 118 deals signed ...As Bonga Southwest/Aparo moves towards Final Investment Decision ...Project targets 175,000bpd oil, 140mmscf/d gas at peak production The Nigerian National Petroleum Company Limited (NNPC Ltd) and the OML 118 Contractor Parties, comprising Shell Nigeria Exploration and Production Company Limited (SNEPCo), Esso Exploration and Production Nigeria (Deepwater) Limited and Nigerian Agip Exploration ...
Bayelsa State is entering the era of steady supply of power with the gradual evacuation of power from the state-owned 60 megawatts Gas Turbines. It is indeed a gradual process as residents of Yenagoa across different streets testify to steady electricity supply in their areas. Those yet to be connected, be patient, power will soon ...
By Precious Mark The Minister of Information and National Orientation, Mohammed Idris, has cautioned against calls to restore the petrol subsidy, declaring that a return to the old price-capping regime would undermine Nigeria’s improving fiscal position, weaken investor confidence, and reverse gains from ongoing economic reforms. The caution followed electoral promises by the presidential candidates ...
By Dr Abba Aliyu The traditional mini-grid model begins with, “How many households can we connect?” The emerging model should additionally ask, “What economy can we create around this electricity asset?” A modern distributed-energy system can simultaneously serve households, commercial businesses, telecommunications towers, irrigation, agricultural processing, cold storage, health facilities, schools, electric mobility, government infrastructure, ...
The Managing Director of the Rural Electrification Agency (REA), Dr Abba Aliyu has proposed the development of digital energy Zones that would combine electricity, digital infrastructure and productive economic activity in selected locations as Nigeria seeks to position its power sector for the growing demands of artificial intelligence and the digital economy. The proposal was made by the Managing Director/CEO in the second part of ...
•Kano, Imo, Anambra, Nasarawa join initiative •IPMAN backs move to cut distribution costs •As PETROAN urges Rivers Gov't to accelerate CNG adoption to reduce transport costs Dangote Petroleum Refinery & Petrochemicals has extended its free petroleum product delivery initiative to Kano, Imo, Anambra and Nasarawa States, a move expected to cut distribution costs for independent petroleum ...
Mr Bosun Olabiyi-Agoro has been elected National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). Olabiyi-Agoro was elected at the first Quadrennial National Delegates Conference of PENGASSAN on Saturday in Abuja. He succeeds Mr Festus Osifo, who served as the association’s National President for six years. In his acceptance speech, ...
Gov. Babajide Sanwo-Olu of Lagos State has called for concerted efforts among electricity key stakeholders to end blackouts and build a sustainable 24-hour power economy in the state. Sanwo-Olu made the call on Thursday at a stakeholders’ meeting convened by the state government to address challenges confronting the state’s electricity sector and identify practical solutions ...
The Partnership Initiatives in the Niger Delta (PIND) and Okomu Oil Palm Company (OOPC) have urged residents of Gbelebu community in Edo to protect the mini-grid solar power facility donated to the community. Dr Effiong Essien, Director of Programmes at PIND, made the call on Thursday while delivering his keynote address at the inauguration of ...
By Firdaus Jibril The Nigerian Electricity Regulatory Commission (NERC) has inaugurated an interim board and administrator to oversee the affairs of Kaduna Electricity Distribution Company (KAEDC) following regulatory intervention over the DisCo’s failure to meet market obligations and prescribed performance requirements. The five-member Interim Board of Special Directors, chaired by Dr Abdullahi Garba, was inaugurated ...
The Governor of Lagos State, Mr. Babajide Sanwo-Olu, has reaffirmed his administration’s commitment to ending the persistent blackout and aim for a twenty four hours electricity in the state. He said the Lagos State Government is ready to work with the critical stakeholders to actualise the targeted increase in available electricity supply to about 3,500 ...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged collaboration among government, regulators, employers and labour to promote stability in the oil industry. Mr Festus Osifo, President of PENGASSAN, made the call on Thursday in Abuja at the ongoing 2026 PENGASSAN Labour Summit, themed “Strengthening Regulatory Frameworks as a Catalyst for ...
Mr Segun Kuteyi, Acting Chairman and Managing Director, Chevron Nigeria Ltd., has urged predictable policies to boost investment and growth in Nigeria’s oil and gas industry. Kuteyi made the call at the ongoing 2026 PENGASSAN Energy and Labour Summit in Abuja, themed, “Strengthening Regulatory Frameworks as a Catalyst for Stability and Growth in Nigeria’s Oil ...
By Firdaus Jibril The Managing Director of Oando Energy Resources, Dr. Ainojie Alex Irune has been appointed as a member of the Governing Board of the newly established World Energy Council Nigeria. The appointment coincides with Nigeria’s return to the World Energy Council (WEC), a global body dedicated to promoting sustainable energy systems and addressing ...
The Federal Government has announced plans to sanction underperforming electricity distribution and generation companies (DisCos and GenCos) while introducing tariff reforms to drive Nigeria’s industrial growth. Minister of Power, Joseph Olasunkanmi Tegbe disclosed the initiative in a policy brief presented by his Special Adviser, Martins Olajide, during the Nigerian Economic Summit Group (NESG) industrialisation and ...
