The Federal Government, through the Nigerian Electricity Regulatory Commission, has issued 13 new licences for the generation of off-grid and embedded power, independent electricity distribution, as well as for the trading of electricity. It said the new licences were issued…
Shell has reached an agreement to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance consortium. In a statement on Tuesday, the oil and gas conglomerate said that the completion of the transaction…
Former Vice President and 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar has advised the Nigerian National Petroleum Company (NNPC) Limited to privatise the state owned refineries to avoid incurring debts. In a post via his X…
The Nigerian National Petroleum Company Limited, NNPCL, says it uncovered no fewer than 83 illegal refineries in the Niger Delta in the last seven days. The NNPCL disclosed this on its X handle on Tuesday. According to the company, it…
Shell has reached an agreement to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy…
The African Export-Import Bank and the United Bank for Africa have disbursed $2.25 billion of the $3.3 billion oil-for-cash loan facility arranged by the Nigerian National Petroleum Company Limited. In a statement from UBA over the weekend, an initial disbursement…
Minister of Power, Oloye Bayo Adelabu has vowed to deliver on the target of metering 2m Nigerians yearly. The Minister of Power made this known during his official working visit to the Ibadan Electricity Distribution Company (IBEDC) Head Office in…
The Nigerian National Petroleum Company Limited (NNPC) has called for private companies to handle the operation and maintenance of its Port Harcourt refinery in Rivers State. The NNPC Limited disclosed this on Monday in a post on X (formerly Twitter).…
The Federal Government has called for collaboration with the Oyo State Government on how to improve electricity supply in the state. Minister of Power Bayo Adelabu made this call when he paid a courtesy visit to Governor Seyi Makinde in…
TotalEnergies E&P Nigeria Limited has stated it would take the final investment decision (FID) on the Ubeta gas project in 2024 and other projects in Nigeria’s oil and gas sector. The Managing Director, Mr. Matthieu Bouyer made the announcement when…
