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The Africa Policy Research Institute (APRI) has called on Nigeria to assume a leading role in defining the continent’s climate future by pursuing an energy transition that is fair, locally driven and economically viable. Dr Olumide Abimbola, founder of the Berlin-based think tank, made the remarks ahead of a key workshop jointly organised by APRI, ...
NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC), is set to acquire a 5.2 million standard cubic feet per day Compressed Natural Gas (CNG) compression and refuelling facility from Gas Network Services Limited (GNSL). This development, disclosed through a merger and acquisition notice issued by the Federal Competition ...
The Lagos State Government, through its Ministry of Transportation, over the weekend launched a campaign promoting eco-friendly practices and the reduction of vehicle emissions, using a lively road show to raise awareness among residents about the benefits of clean energy. The initiative, named ‘EcoMove Lagos 2025’, is a week-long campaign aimed at promoting sustainable transport ...
Seplat Energy, in partnership with its Joint Venture partner, the Nigerian National Petroleum Company Limited (NNPCL), has launched the 2025 edition of its flagship healthcare programme, ‘Eye Can See’, in Owerri, Imo State. The launch event, which took place at Full Moon Hotel in Owerri, offered free eye care services to thousands of residents, particularly ...
Bellazir Energy Ltd, a dynamic new entrant in Nigeria’s energy sector, is set to make a bold statement with its official launch on Tuesday, April 29, 2025, at the prestigious Radisson Blu Hotel, Victoria Island, Lagos. Specializing in the supply and distribution of petroleum products, Bellazir Energy Ltd is committed to delivering reliable, efficient, and ...
The Federal Government will tighten spending and intensify efforts to diversify its sources of revenue in response to declining oil prices, Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said on Wednesday. Speaking at a meeting with investors during the IMF/World Bank Spring Meetings in Washington DC, Edun explained that the ...
FCMB Capital Markets Ltd. has successfully led the issuance of GLNG Funding SPV Plc’s N11.85 billion 10-year Series 2 Senior Guaranteed Fixed Rate Infrastructure Bond, which closed in February. The transaction reflects growing investor confidence in Nigeria’s shift towards cleaner energy solutions. The bond, issued by GLNG Funding SPV Plc and sponsored by Green Liquified ...
Stakeholders in Nigeria’s environmental and energy sectors are calling on governments, civil society organisations, and individuals to come together and invest in the country’s transition to renewable energy. At a conference held in Abuja to mark the 2025 World Earth Day, participants urged significant financial and technical backing from both the public and private sectors ...
The Kano Electricity Distribution Company (KEDCO) has rejected recent reports alleging that residents of Kano, Katsina, and Jigawa states receive only two hours of electricity per day. The company’s Head of Corporate Communications, Sani Bala, made this known during the week, describing the claims as misleading and inconsistent with actual energy distribution data. According to ...
The Vice Chancellor of Delta State University (DELSU), Abraka, Professor Samuel Asagba, has revealed that the institution spends a staggering N720 million each year on electricity-related costs. Speaking during the university’s 17th Convocation Press Conference held on campus on Wednesday, Professor Asagba detailed the extent of the expenditure, explaining that DELSU pays approximately N60 million ...
Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, and his Gas counterpart, Rt. Hon Ekperikpe Ekpo, have commended Dr Obinna Ezeobi, a senior official at the Nigerian Content Development and Monitoring Board (NCDMB), for authoring a book that captures how strategic communication, robust stakeholder engagement, and effective collaboration have significantly advanced Nigeria’s local ...
The Federal Government is crafting a new investment model aimed at drawing private capital into the expansion and stabilisation of Nigeria’s national electricity grid, in a renewed effort to guarantee consistent and adequate power supply across the country. Minister of Power, Chief Adebayo Adelabu, revealed in an interview this week that the administration has begun ...
By Seun Ibiyemi The Group Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr Bashir Ojulari has pledged to attract sectoral investments worth 30 billion dollars and 60 billion dollars by 2027 and 2030 respectively, ramping up in-country production. Ojulari said the company, under his stewardship, would raise crude oil production to over ...
Mr Olufemi Soneye, Chief Corporate Communications Officer at the Nigerian National Petroleum Company Limited (NNPC Ltd), has pledged to continue advancing standards in public communication and to remain committed to serving Nigerians with integrity. Speaking in Abuja on Thursday during an interview, Soneye expressed gratitude following his emergence as the Nigerian Institute of Public Relations ...
Governor Sheriff Oborevwori of Delta State has reaffirmed his administration’s commitment to providing a secure and stable environment for oil and gas companies operating within the state. He gave the reassurance on Thursday in Asaba while receiving senior executives of Renaissance Africa Energy Company. Renaissance Africa Energy Holdings is a consortium of four prominent Nigerian ...
The Minister of Power, Mr Adebayo Adelabu has reiterated the Federal Government’s commitment to ensure stability in the power sector. Adelabu gave the assurance in his Easter message, signed by his Special Adviser on Strategic Communications and Media Relations, Mr Bolaji Tunji in Abuja over the weekend. He said that the ministry of power remains ...
The Minister of Power, Mr Adebayo Adelabu has reiterated the Federal Government’s commitment to ensure stability in the power sector. Adelabu gave the assurance in his Easter message, signed by his Special Adviser on Strategic Communications and Media Relations, Mr Bolaji Tunji in Abuja on Saturday. He said that the ministry of power remains steadfast ...
The Petroleum Technology Development Fund (PTDF) has announced plans to work closely with stakeholders in Nigeria’s oil and gas industry to ensure that students trained under its scholarship programme are absorbed into key roles within the sector. This was made known by Mrs Bolanle Agboola, Head of the Overseas Scholarship Scheme at PTDF, during her ...
…As tariff reforms drive historic growth By Seun Ibiyemi The Minister of Power, Mr Adebayo Adelabu, has revealed that Nigeria’s power sector recorded an additional N700 billion in revenue in 2024, marking a striking 70 per cent increase compared to 2023. Speaking on Thursday at the 6th Edition of the 2025 Ministerial Press Briefing Series ...
The Niger Delta Power Holding Company (NDPHC) has announced a significant investment of N500 billion in the development of transmission infrastructure and networks across Nigeria. Engr. Jennifer Adighije, Managing Director/CEO of NDPHC, made this revelation on Thursday during an inspection of the 330/132/33kV Lafia Transmission Substation, accompanied by the company’s management team. Adighije praised the ...
Engr. Felix Omatsola Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), on Wednesday offered strong backing for the vision and long-term plans of Renaissance Africa Energy Company Limited, a consortium that completed the acquisition of Shell Petroleum Development Company’s (SPDC) onshore oil assets in March 2025. While addressing a high-level delegation ...
…Former MD honoured as ‘Amazon of Nigeria’s Oil Sector’ Shell Nigeria Exploration and Production Company (SNEPCo) has been recognised as the Major Oil Company of the Year 2024 by Energy Times, a leading publication covering the energy sector. The accolade was awarded in recognition of SNEPCo’s sustained contribution to the growth of deep-water oil and ...
The Federal Government says it plans to pay Power Generation Companies (GenCos) two trillion Naira out of the four trillion Naira debt owed them before the end of 2025. The Minister of Power, Mr Adebayo Adelabu said this on Thursday in Abuja at the 6th Edition of the 2025 Ministerial Press Briefing Series. Adelabu was ...
