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The University of Ilorin and the Nigerian National Petroleum Company Limited (NNPCL) have set up a joint strategic committee to establish a research centre and promote cooperation between the two institutions. This is contained in a statement by the Director of Corporate Affairs of the University, Mr Kunle Akogun, on Saturday, in Ilorin. Akogun disclosed ...
The Centre for the Promotion of Private Enterprise (CPPE) has warned that the relentless surge in global energy prices, exacerbated by intensifying geopolitical tensions in the Middle East, is pushing Nigerian businesses particularly Small and Medium Enterprises (SMEs) to a breaking point. In a statement released on Sunday, the think tank underscored that the combination ...
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier deepwater field on March 6, 2026. The project was delivered 11 days ahead of schedule and without any safety incident, reinforcing SNEPCo’s longstanding commitment ...
The Nigerian Content Development and Monitoring Board (NCDMB) has embarked on the training of thirty-three young graduates of engineering, geology and related disciplines on Friday in Port Harcourt, Rivers State under the Nigerian Content Human Capital Development (NC-HCD). The programme sponsored by the Renaissance Africa Energy Company Limited and MJD Oilfield Services Limited Training Programme ...
President Bola Ahmed Tinubu has approved the appointment of Mr. Fola Adeola, the co-founder of Guaranty Trust Bank and chairman of the Fate Foundation, to chair the newly-formed Presidential Petroleum Reform & Value Optimisation Taskforce. The taskforce is an executive working group designed to architect the next phase of structural reforms within Nigeria's energy sector. ...
Chevron Nigeria Limited (CNL), operator of the NNPC/CNL Joint Venture, has reaffirmed its dedication to the socio-economic advancement of the Niger Delta through strategic infrastructure partnerships. The energy major confirmed its active participation in stakeholder dialogues regarding the proposed Escravos to Warri Road Project, collaborating closely with the Niger Delta Development Commission (NDDC) and the ...
In a strategic move to tighten regulatory oversight of Nigeria’s energy infrastructure, the Nigerian Electricity Regulatory Commission (NERC) has issued a new directive requiring all privately owned, grid-connected transmission substations to obtain formal authorization. The order establishes a regulatory framework requiring owners of private transmission substations used by bulk electricity consumers to obtain an Independent ...
An aide to the Minister of Power, Mr Bolaji Tunji has clarified that the Minister of Power should not be blamed for the reduce power supply across the country. In a post on Facebook, Tunji appealed for a more comprehensive understanding of the structural issues currently affecting Nigeria's electricity sector. He urged the public to move beyond individual criticisms of the Minister and instead consider the systemic bottlenecks hindering power stability. Tunji highlighted the significant ...
The Ondo State Government has commenced a comprehensive review of the Ondo State Electric Power Sector Law 2020, aiming to strengthen governance, improve regulatory efficiency, and accelerate electricity development across the state. The review session took place during a public hearing in Akure, bringing together officials from the Ondo State Ministry of Energy and Mineral ...
...attributes success to production war room initiative The Nigerian National Petroleum Company (NNPC) Limited has achieved a significant operational turnaround, recording its highest crude oil production levels in over twenty-four months according to its January 2026 performance report. This surge is primarily attributed to the successful implementation of the Production War Room initiative, which streamlined ...
The Nigerian Electricity Management Services Agency (NEMSA) and the Association of Power Generation Companies (APGC) have reaffirmed their joint commitment to enhancing electrical safety, enforcing technical standards, and improving power utilization across Nigeria. This renewed partnership was solidified during a high-level courtesy visit by the Managing Director and Chief Executive Officer of APGC, Dr. Joy ...
Gov. Babajide Sanwo-Olu of Lagos State, on Monday, inaugurated the board of the Lagos State Electricity Regulatory Commission at Lagos House Ikeja. Sanwo-Olu urged members to work collaboratively to strengthen the state’s electricity sector and attract investment to the power infrastructure. The governor said the inauguration marked a crucial step in the state’s efforts to ...
The Federal Government’s recent announcement to establish the Grid Asset Management Company (GAMCO) has sparked a critical debate among energy experts and industry observers. While the government frames this as a structural solution to the nation’s erratic power supply, stakeholders argue that creating a new agency may be a deficient strategy if it fails to ...
By Mathew Ibiyemi The Federal Government’s recent announcement to establish the Grid Asset Management Company (GAMCO) has sparked a critical debate among energy experts and industry observers. While the government frames this as a structural solution to the nation’s erratic power supply, stakeholders argue that creating a new agency may be a deficient strategy if it ...
The Managing Director of the Rural Electrification Agency (REA), Dr. Abba Aliyu, has announced that the agency’s latest wave of mini-grid deployments is specifically designed to avoid the systemic vulnerabilities that have historically plagued Nigeria’s national power grid. Speaking in a recent interview, Dr. Aliyu emphasized that the REA is moving away from the fragile ...
The Managing Director of the Rural Electrification Agency (REA), Dr. Abba Aliyu, has asserted that the agency’s latest wave of mini-grid deployments is specifically engineered to bypass the systemic flaws that have historically weakened Nigeria’s national grid. In a recent interview with journalists, the REA Boss explained that the agency is now deploying mini-grids directly ...
The Board of Directors of 11 Plc, formerly known as Mobil Oil Nigeria Plc, has announced that the company’s Managing Director, Mr. Adetunji Oyebanji, will officially retire on March 31, 2026. This announcement, detailed in a notice to the investing public, marks the conclusion of a distinguished career spanning over 45 years of dedicated service ...
President Bola Tinubu has successfully mediated a historic settlement agreement between the Federal Government of Nigeria, Eni, and Nigerian Agip Exploration Limited, effectively terminating a legal and administrative dispute that had paralyzed one of the nation’s most lucrative energy assets for over fifteen years. By overseeing the final resolution of the conflict surrounding Oil Prospecting Licence (OPL) ...
President Bola Tinubu has initiated plans to establish a Grid Asset Management Company (GAMCO) to strengthen the transmission segment of the nation”s electricity value chain. The Minister of Information and National Orientation, Mohammed Idris, disclosed this after the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu on Wednesday, at the State House, ...
Mr Chinedu Anyaso, Chairman of the Independent Petroleum Marketers of Nigeria (IPMAN), Enugu Zone, says the price increase of petroleum products in the country is as a result of hike at the source. It was gathered that on Wednesday, Anyaso, who is in charge of Anambra, Ebonyi and Enugu States, said the rise in pump ...
The escalating geopolitical friction in the Middle East is poised to trigger a fresh wave of global economic volatility, with significant implications for Nigeria’s energy costs and inflationary pressures, Dr. Bunmi Bajomo, a prominent financial expert and Investment Banker has warned. In a statement made available to NewsDirect, Dr Bajomo warned that the intensifying conflict ...
A dispute of jurisdiction has erupted within the House of Representatives, pitting the Committee on the National Rural Electrification Agency (REA) against the Committee on Renewable Energy. At the heart of the confrontation is a high-stakes investigative hearing into renewable energy projects, foreign grants, and program implementation handled by the REA since 2015. The conflict ...
The dream of transforming Nigeria into a gas-powered industrial hub hinges on the federal government’s ability to enforce stable regulations and implement a more transparent pricing regime, according to Shell Nigeria Gas (SNG). Speaking at the Energy Week hosted by the Lagos Section of the Society of Petroleum Engineers (SPE), Ralph Gbobo, Managing Director of ...
