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The Federal Government has renewed its aggressive push for energy sufficiency, with the Ministry of Petroleum Resources declaring a unified front to secure investments and scale production across both oil and gas sectors at the 14th Practical Nigerian Content (PNC) Forum. Setting the tone for the gas sector, the Minister of State for Petroleum Resources ...
The Nigerian Content Development and Monitoring Board (NCDMB) has announced a significant surge in in-country value retention, reaching 61 percent, as it moves to further fortify indigenous capacity through a fresh $100 million partnership with the Bank of Industry (BOI). Addressing stakeholders at the 14th Practical Nigerian Content (PNC) Forum in Yenagoa, NCDMB Executive Secretary ...
By Seun Ibiyemi The Federal Government has commenced the 2025 Licensing Round, unveiling 50 new oil and gas blocks in a major push to deepen reserves and attract an estimated $10 billion in foreign and domestic investment. At the official launch on Monday, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed that the assets on ...
By Olakunle Oke The Dangote Refinery Plc, Africa’s largest oil refinery and the world’s biggest single-train refining facility and Heirs Energies Limited, described as arguably Africa’s largest indigenous-owned energy company have been honoured for their exemplary strides. The two companies were honoured recently at the 15th anniversary and awards ceremony of NewsDirect held in Lagos recently. Heirs Energies was ...
...vows to export products if Marketers continue dumping ...seeks legislative backing for Nigeria First Policy President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has criticized the International oil companies (IOCs) in Nigeria for allegedly adopting practices that undermine the profitability of local refineries. Speaking during a visit by the South South Development Commission (SSDC) to the ...
...as Stakeholders unveil $100m funding network By Barth Ndubuwah, Port Harcourt The Secretary to the Government of the Federation (SGF), Senator George Akume; Senate President, Godswill Akpabio; and renowned Pan-Africanist, Prof. PLO Lumumba, have issued a unified call for African nations to aggressively adopt emerging technologies or risk being left behind in the global energy ...
A total of 331 young graduates of diverse academic disciplines on Thursday received certificates and awards after completing a 12-month Human Capital Development Basic Training Program on the Nigeria Liquefied Natural Gas (NLNG) Limited Train 7 Project. The hands-on training, which held on a live LNG Plant at Finima, Bonny Island, base of the NLNG ...
...dedicates award to Nigerians The Managing Director/CEO of the Rural Electrification Agency (REA), Dr Abba Aliyu has been recognized as the Public Sector CEO of the Year at the Nigerian NewsDirect 15th Anniversary and Award Ceremony held in Lagos last night. The prestigious award underscores the Agency’s significant strides in bridging Nigeria’s energy deficit and ...
By Francis Awowole-Browne In what has sent jitters into the market, the announcement of the planned expansion of the Dangote Petroleum Refinery from its current 650,000 barrels per day (bpd) capacity to an unprecedented 1.4 million bpd marks a transformative moment for Nigeria’s economy and a significant development for the global energy landscape. When completed in ...
The fight against cancer in Nigeria has received a significant financial shot in the arm as the NNPC/Renaissance Joint Venture (JV) announced a donation of $300,000 to the National Hospital, Abuja. This substantial intervention is specifically targeted at the maintenance of the hospital’s cancer treatment machine, ensuring that critical care remains accessible to thousands of ...
Minister of Power, Adebayo Adelabu has disclosed that the power sector recorded a inflow of over $2 billion in new investments. The Minister who attributed the growth to the sweeping reforms enabled by the Electricity Act 2023 made this disclosure on Thursday in Lagos while delivering the keynote address at PwC’s Annual Power and Utilities ...
The NNPC/Heirs Energies OML 17 Joint Venture (JV) has achieved a major breakthrough with the innovative, rigless recompletion of a key non-associated gas well in OML 17. This pioneering intervention - the first of its kind in Nigeria - has doubled the JV’s gas output to a peak of 135 million standard cubic feet per ...
The Dangote Group has awarded contracts to Engineers India Limited (EIL), SAIPEM, Topsoe and Thyssenkrupp for the next phase of expansion of its fertiliser operations in Nigeria, as well as the development of new fertiliser plants in Ethiopia. Through these strategic partnerships, Dangote Group will increase its urea production capacity in Nigeria from the current three million metric tons to nine ...
The International Energy Agency (IEA) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its regulatory reforms. Specifically, the IEA Africa Programme Manager, Rita Maderia who paid courses visit to the NUORC headquarters in Abuja commended the embedding of decarbonization requirements into upstream project approvals. She further noted that the Commission’s policy of integrating green strategies ...
The Federal Government has intensified efforts to ensure Operators meet gas flare-out timeline, Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo has disclosed. Speaking at the Sub-Saharan African Roundtable on Methane Emissions held in Abuja on Monday, Ekpo outlined a suite of measures the government is executing to meet its methane-reduction and energy-transition goals under national and ...
...projects 2mbpd oil production by 2030 By Sofiyyah Layole NNPC Limited has unveiled a $60 billion investment plan for the upstream, midstream and downstream value chain. The announcement was contained in a press release issued by the Company on Monday. According to the notice, the company reported a Profit After Tax (PAT) of ₦5.4 trillion for the ...
By Matthew Denis The Rural Electrification Agency (REA) has signed a Memorandum of Understanding (MOU) with Cross Rivers state. The MOU is aimed at enhancing energy integration in the state. The signing event which took place at Transcorp Hilton in Abuja, brought together federal officials, development partners, private-sector actors, and energy experts to review ongoing ...
The Niger Delta Power Holding Company (NDPHC) ha partnered with the Gombe state Government to power industrial clusters in the state. The Managing Director/CEO of the Niger Delta Power Holding Company (NDPHC), Engr. Jennifer Adighije restated the company’s unwavering commitment to lighting up communities, energising industries, and accelerating Nigeria’s economic transformation through reliable and sustainable power ...
Savannah Energy Nigeria has won the “Best in Promoting People Leadership Practices (Medium Category)” award at the 2025 Great Place to Work Institute’s Best Practices Awards held in Lagos. This is as the company has also achieved a Great Place to Work® certification for 2025-6, further reinforcing its commitment to fostering an inclusive and high-performing work culture. ...
The Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe has disclosed that the 2025 licensing round will set a new benchmark for transparency in the sector. Speaking at the closing of a two-day strategic media workshop for Energy correspondents in Lagos, Komolafe revealed plans for a new licensing round on December ...
The Managing Director/CEO of the Niger Delta Power Holding Company (NDPHC), Engr. Jennifer Adighije, has restated the company’s unwavering commitment to lighting up communities, energising industries, and accelerating Nigeria’s economic transformation through reliable and sustainable power infrastructure. Adighije made the pledge at the groundbreaking ceremony of the 7.5MVA, 33/11kV Injection Substation and 2.5km 33kV line ...
The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has revealed its intention to build 500 CNG refueling stations across Nigeria within the next 3 years. A statement by the Executive Director of MDGIF, Oluwole Adama, said the Federal Government had concluded discussions with a leading Chinese Manufacturer to embark on the construction of the stations. ...
By Olakunle Oke The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has commended Tamrose Limited for expanding its marine logistics fleet and extending its operations beyond Nigeria, following its successful utilization of the Nigerian Content Intervention Fund (NCIF). Speaking at the Nigerian Content Tower in Yenagoa, the Minister said he was delighted ...
