Latest in
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPCL) has unveiled plans to attract $60 billion in fresh investments over the next five to seven years to scale up gas infrastructure and reinforce the country’s position in the global energy market. Group Chief Executive Officer of NNPCL, Mr. Bayo Ojulari, disclosed this while addressing ...
The Lagos Zone of the Petroleum Tanker Drivers (PTD), a branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has passed a vote of no confidence on the union’s leadership. The action, taken against NUPENG’s National President, Comrade (Prince) Williams Akporeha, and General Secretary, Comrade Afolabi Olawale, followed accusations of greed, impunity, ...
By Barth Ndubuwah, Port Harcourt The suspended industrial action by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has left Rivers State residents counting their losses, following days of severe fuel scarcity. Almost all filling stations in the state shut their doors ...
The Federal Government has no immediate plans to implement the five per cent fuel surcharge contained in the newly signed Tax Administration Act 2025. Mr Wale Edun, the Minister of Finance and Coordinating Minister of the economy, said this at a news conference in Abuja on Tuesday He said that the surcharge was a long-standing ...
… As PTD Passes Vote of No Confidence on NUPENG Leaders The Association of Distributors and Transporters of Petroleum Products (ADITOP) has accused the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) of extortion and excessive levies collection within the downstream sector. This accusation came on the heels of a vote of no confidence ...
By Seun Ibiyemi The Nigerian Ports Authority (NPA) has issued warning letters to four terminal operators at the Apapa Port Complex over environmental pollution within the facility. The disclosure was made on Tuesday in Lagos by the Port’s Complex Manager, Mr. Debo Lawal, who described port management as both challenging and rewarding, requiring constant operational, ...
Nigeria’s electricity industry is sinking deeper into financial distress, with projections showing that the Federal Government’s liabilities could climb to N6.2 trillion by the end of 2025. The worsening situation is being driven by the exodus of premium customers from the national grid. The government is already burdened with a N4 trillion legacy debt owed ...
By Olakunle Oke Nigeria’s oil and gas sector, once the crown jewel of Africa and the cornerstone of national wealth, is confronting one of its most testing periods in decades. From the 1956 Oloibiri discovery that launched the industry to the billion-dollar windfalls of the 1970s oil boom, crude petroleum has long dictated the pace ...
Nigeria is preparing for a fresh wave of economic and political debate following the government’s plan to introduce a 5 per cent fuel surcharge under the Nigeria Tax Administration Act, 2025. The measure, signed into law by President Bola Tinubu in June, will apply to refined petroleum products including petrol and diesel once it is ...
The Federal Government has called on the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the management of the Dangote Group to pursue a peaceful resolution to their ongoing industrial dispute. The government stressed that resolving the matter is essential to safeguarding national peace and economic stability. The appeal was made on Monday ...
The Transmission Company of Nigeria (TCN) on Monday reported that a thunderstorm on September 3 caused the snapping of the 132kV Otukpo–Nsukka–New Haven transmission line.Mrs Ndidi Mbah, TCN General Manager of Public Affairs, said in a statement in Abuja that the cut conductor fell near Tower 97 along the line’s route. “Although no lives were ...
Solewant Group, a Nigerian industrial solutions provider for the energy sector, is presenting its advanced technologies and wide-ranging portfolio at the 4th Intra-African Trade Fair (IATF 2025) in Algiers, Algeria. The exhibition, organised by the African Export-Import Bank (Afreximbank), has gathered innovative companies from across the continent, positioning the event as a hub for pan-African ...
…Seeks extension of Bodo-Bonny Road Nigeria LNG Limited (NLNG) has confirmed that operations on the Trans-Niger pipeline have reached 70 per cent capacity utilisation. The disclosure was made by the company’s Chief Executive Officer, Dr Philip Mshelbila, during a working visit to the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, ...
By Olakunle Oke The Nigerian National Petroleum Company Limited (NNPC Ltd) has resumed discussions with Brazil’s state-owned energy firm, Petrobras, as part of efforts to attract new investment into Nigeria’s oil and gas sector. Talks were held between NNPC’s Executive Vice President for Upstream, Mr Udy Ntia, and Petrobras Chief Executive Officer, Magda Chambriard, in ...
...Seeks extension of Bodo-Bonny Road Nigeria LNG Limited (NLNG) has confirmed that operations on the Trans-Niger pipeline have reached 70 per cent capacity utilisation. The disclosure was made by the company’s Chief Executive Officer, Dr Philip Mshelbila, during a working visit to the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, ...
Prominent figures from Nigeria’s oil, gas, power, and solid minerals industries will gather at the Eko Hotel, Lagos, on Thursday, 9 October 2025, for the annual NAEC Energy Conference. Organised by the Association of Energy Correspondents of Nigeria (NAEC), this year’s edition will introduce the maiden NAEC Industry Awards alongside its traditional conference sessions. Themed ...
By Olakunle Oke The Nigerian National Petroleum Company Limited (NNPC Ltd) has opened renewed discussions with Brazil’s state-owned energy giant, Petrobras, in a bid to draw fresh investments into Nigeria’s oil and gas industry. The talks were held between NNPC’s Executive Vice President, Upstream, Mr. Udy Ntia, and Petrobras Chief Executive Officer, Magda Chambriard, in ...
The Nigeria Labour Congress (NLC) has urged President Bola Tinubu to intervene in a mounting dispute between the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Dangote Group to prevent a nationwide strike. In a statement released on Saturday, NLC President Joe Ajaero called on the President to ensure the Dangote Group ...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has confirmed there are no subsidies in Nigeria's oil and gas sector, stating the market is now fully deregulated. This clarification follows a recent price hike in Compressed Natural Gas (CNG) at refilling stations in Abuja. NMDPRA's Director of Public Affairs, Mr. George Ene-Ita, addressed the ...
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Western Zone, says it will shut down operations from Monday, Sept. 8, to protest what it described as attempts to monopolise the downstream sector. The resolution was reached on Saturday at a zonal council meeting which brought together council members, officers, depot chairmen and secretaries across the ...
