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Shell Companies in Nigeria (SCiN) were rewarded for their robust participation at the 43rd International Conference and Exhibition of the Nigeria Association of Petroleum Explorationists (NAPE) with corporate and individual awards at a dinner Thursday night which rounded off the four-day event in Lagos. SCiN was recognised for its Titanium sponsorship of the conference (the highest category) ...
By Sofiyyah Layole Seplat Energy Plc. has announced the official exchange rate applicable for the conversion of its Q3 2025 interim and special dividends. In a statement released on Thursday and signed by Eleanor Adaralegbe, Seplat’s Chief Financial Officer, the company confirmed that shareholders who will receive their dividends in Naira will be paid at ...
By Olakunle Oke The Federal Government and the Nigeria LNG Limited (NLNG) have agreed to strengthen collaboration on promoting scientific innovation and research in Nigeria following a high-level meeting between the Minister of Education and the leadership of NLNG. The Minister of Education received Prof. Bart Nnaji, former Minister of Science and Technology and Minister ...
By Olakunle Oke The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced the suspension of the proposed 15 percent ad-valorem import duty on imported Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel). In a statement signed by its Director of Public Affairs, George Ene-Ita, the Authority said the decision was taken to ...
By Olakunle Oke President of the Republic of Zambia, Mr. Hakainde Hichilema has commended the Dangote Group for for its investment footprint and contribution to Zambia’s economy. The President made this known when the President and Chief Executive of Dangote Group, Alhaji Aliko Dangote paid a courtesy visit to the Zambian President. During the meeting held in ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reiterated its commitment to promoting peace, transparency, and fairness in Nigeria’s oil and gas industry through the adoption of the Alternative Dispute Resolution Centre (ADRC) as the preferred mechanism for resolving industry-related conflicts. Speaking at the Roundtable Consultative and Sensitization Forum on the ADRC, held at the ...
Energy, project and commercial legal advisory Ayodele Oni, has stated that Lagos State now has the legal authority and technical capacity to generate, distribute, and manage its own electricity supply independently, following reforms introduced by the Electricity Act of 2023. Speaking on TVC Breakfast on Wednesday, he explained that the Act empowers states to establish ...
Stories by Olakunle Oke Nigeria has for the third consecutive month failed to meet its allotted quota set by the Organization of the Petroleum Exporting Countries (OPEC), a persistent shortfall that is constraining national revenues and raising concerns over output reliability. According to the Organization of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report (MOMR) ...
By Olakunle Oke The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2025 Licensing Round, which will officially begin on December 1, 2025. The Chief Executive of the Commission, Engr. Gbenga Komolafe, made the announcement at the NUPRC’s Project 1MMBOPD Additional Production Investment Forum held in London on Tuesday, November 11, ...
In the quest to build a prosperous Nigeria, Nigeria must target an affordable, reliable and accessible energy regime for all, Seplat Energy PLC has stated. The Chief Operating Officer, Seplat Energy, Samson Ezugworie, said this whilst giving a keynote at the Opening Ceremony of the 43rd Nigerian Association of Petroleum Explorationists (NAPE) Annual International Conference & Exhibition held ...
By Olakunle Oke Industry leaders and regulators recently convened at the Nigerian Association of Petroleum Explorationists (NAPE) Annual Conference, where a unified call was issued for greater regulatory clarity, enhanced operational efficiency, and the strategic deployment of technology to reposition Nigeria’s oil and gas sector for sustainable growth and renewed investment. Regulators, International Oil Companies ...
...as Minister says era of obtaining oil field license as souvenir is over By Olakunle Oke The Federal Government has approved 43 Field Development Plans (FDPs) in 2025 alone, the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe has disclosed. Speaking at the 43rd Annual International Conference and Exhibition ...
By Olakunle Oke Indigenous oil and gas firm Nestoil Limited has moved to overturn the receivership and asset-freezing orders issued by the Federal High Court, Lagos, describing them as unlawful, excessive, and obtained without proper jurisdiction. The controversial orders, granted on October 22, 2025, by Justice Dipeolu, arose from a $640 million syndicated loan dispute ...
By Olakunle Oke A coalition of civil society organizations has called on the Nigerian Senate to immediately confirm the nomination of Engr. Abdullahi Garba Ramat as Chairman of the National Electricity Regulatory Commission (NERC), describing the prolonged delay as “unnecessary, inexplicable, and unjustifiable.” At a press conference held on Monday, November 10, 2025, at Imo ...
By Olakunle Oke The Petroleum Technology Association of Nigeria (PETAN) has released the official program for the 10th edition of the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC), scheduled to take place from February 10 to 12, 2026, at the Eko Convention Centre, Lagos. The 2026 edition, which marks a decade of convening Africa’s ...
Seplat Energy PLC has achieved the ISO 45001:2018 certification in line with its strides towards operational excellence and employee wellbeing. The certification was officially presented to the company at its headquarters in Lagos by officials of Bureau Veritas (VS).Seplat Energy’s journey to ISO 45001:2018 certification has been one of collaboration, commitment, and continuous improvement. From conducting ...
By Olakunle Oke Nigeria has taken a major step toward achieving a sustainable and low-carbon energy future with the signing of a €21 million technical cooperation agreement with the Government of Germany. The pact, formalized through a Joint Declaration of Intent on Bilateral Energy Transition Dialogue and Cooperation, aims to strengthen Nigeria’s capacity to expand ...
...as active oil rigs rise to 69 in four years By Olakunle Oke The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe has been awarded a Professional Doctorate in Leadership (Energy Law) by the International Business School of Scandinavia. Komolafe who was honoured over the weekend also received the Global Sustainable Leadership ...
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has called on African nations to make local content policies the cornerstone of their energy future. The NCDMB ES made the call at the 4th edition of the African Petroleum Producers Organisation (APPO) Conference and Exhibition on Local Content ...
By Olakunle Oke The Major Energies Marketers Association of Nigeria (MEMAN) has kicked against the 15% fuel import tariff, calling on the Federal Government instead to prioritize transparency and clarity in the implementation of its policies. The Chief Executive Officer of the Major Energies Marketers Association of Nigeria (MEMAN) Clement Isong made this known during a webinar presentation on ...
By Olakunle Oke The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has expressed optimism that Nigeria’s crude oil output will soon receive a major boost following the deployment of the EMEM Floating Production Storage and Offloading (FPSO) vessel. Komolafe made this known while on inspection of the EMEM Floating Production Storage ...
By Olakunle Oke Power-generating companies have lost an estimated ₦2.31 trillion between 2013 and September 2025 due to electricity power available for generation but left unused as a result of grid and operational challenges, fresh data released by the Association of Power Generation Companies (APGC) has revealed. According to the data, the sector continues to ...
By Olakunle Oke Nigeria’s Bonny Light crude has climbed sharply to $78.62 per barrel, outperforming major global benchmarks such as Brent and West Texas Intermediate (WTI). The country’s premium crude grade had ended the previous trading session at $66 per barrel, slightly higher than the day before. However, as of the latest trading update, Bonny ...
