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NIPCO Group, a leading integrated energy and infrastructure provider in Nigeria with over two decades of operational experience, has announced that it is evaluating a proposed Floating Liquefied Natural Gas (FLNG) initiative. The company is currently undertaking preliminary technical, commercial, and feasibility assessments ahead of a final investment decision. Nagendra Verma, Managing Director and Chief ...
Nigeria’s drive to move motorists from petrol to compressed natural gas (CNG) is expanding, but access remains uneven across the country, while motorists outside government-subsidised conversion schemes can face bills of up to ₦1.1 million to convert their vehicles. More than 176 CNG refuelling stations are currently operational across 24 states and the Federal Capital ...
Some oil marketers in the Federal Capital Territory (FCT) have begun to reduce the pump price of Premium Motor Spirit (PMS), popularly known as petrol, by between N20 and N25 per litre. Checks by newsmen on Sunday in Abuja showed that MRS had reduced its pump price by N25 per litre, from N1,395 to N1,370. ...
Transcorp Energy and Husk Power are set to develop 30MW of interconnected solar mini-grids across five locations in the Federal Capital Territory under the Rural Electrification Agency-coordinated Utility-Enabled Projects programme. The projects, supported by the World Bank, are designed to connect renewable power generation to existing electricity distribution infrastructure to improve electricity supply in underserved ...
The Transmission Company of Nigeria (TCN) has restored a 60MVA power transformer at the Kukwaba 132/33kV Transmission Substation following emergency maintenance. TCN in a statement on Friday said the transformer was opened and isolated at 1:35pm on Thursday, September 24, to enable its maintenance crew replace a faulty blue-phase circuit breaker pole on the 33kV ...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has set Sept. 24, 2028 as target date for transition to a more competitive and commercially driven Willing Buyer, Willing Seller (WBWS) gas market. Mr Rabiu Umar, Authority Chief Executive, NMDPRA, made this known on Thursday in Abuja at a high-level Gas Market Maturity Workshop convened ...
The Chief of Naval Staff, Vice Adm. Idi Abbas, has pledged to support crude oil producing companies increase Nigeria’s oil producing output and enhance the protection of critical petroleum assets. Abbas made the pledge in Abuja, when he received a delegation of the Security Sub-Committee of the Oil Producers Trade Section (OPTS) of the Lagos ...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has commenced work on defining measurable conditions for the transition of the country’s domestic gas market towards a more commercial, willing-buyer, willing-seller framework. The move is aimed at establishing when the domestic gas market will be sufficiently developed for transactions to operate with greater reliance on ...
...as multiple levies erase profits For some tricycle drivers in Lagos, the introduction of cheaper Compressed Natural Gas (CNG) has brought down the cost of fuelling their vehicles but the relief from lower fuel expenditure does not necessarily mean an easier working life. Behind the fuel savings is another set of pressures: the cost of ...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has set a September 24, 2028, target for Nigeria’s domestic gas market to transition to a fully established willing buyer, willing seller framework. The authority also tasked industry stakeholders with developing clear markers and delivering on their promises to ensure Nigeria grows its gas production and ...
In a move to extend steady, reliable electricity to rural communities, the Honourable Minister of Power. Joseph Tegbe, has commissioned a 581 kWp Interconnected Solar Mini-Grid system with a 1.4 MW battery storage system in Oke-Oyi Community, Ilorin East Local Government Area of Kwara State. The extended battery capacity enables the mini-grid to power the ...
The Dangote Group has performed the groundbreaking for a $660 million Damarjog-Dewele Oil Terminal and Pipeline Project in Ethiopia. This is as the Prime Minister of Ethiopia, Dr. Abiy Ahmed, and the President of the Republic of Djibouti, H.E. Ismaïl Omar Guelleh hailed the project as a transformative investment that will strengthen regional integration, improve ...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has ordered petroleum retail outlets nationwide to immediately calibrate and verify their dispensing pumps and totalizers following reported cases of under-dispensing of petroleum products. The regulator warned that outlets found giving consumers less product than the quantity paid for could face sanctions, including revocation of their ...
Nigeria’s liquefied petroleum gas (LPG) supply became more dependent on imports in August as domestic receipts fell by 32 per cent while imported volumes increased by 44 per cent, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The regulator’s August 2026 Fact Sheet showed that daily domestic LPG ...
Nigeria’s major gas pipeline projects are progressing at different stages, with the Obiafu-Obrikom-Oben (OB3) pipeline reaching 96 per cent completion while the Ajaokuta-Kaduna-Kano (AKK) pipeline stands at 88 per cent, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reported. The figures are contained in the regulator’s August 2026 Fact Sheet on developments in ...
Some motorists in the Federal Capital Territory (FCT) have commended the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for sanctioning petrol retail outlets accused of under-dispensing fuel. The newsmen report that NMDPRA’s latest directive followed a series of enforcement operations carried out in the past. The regulator warned that persistent offenders risk losing their ...
The Nigerian Electricity Regulatory Commission (NERC) says the country’s grid-connected power plants utilised 86 per cent of available generation capacity in August. The commission made this known in its operational performance Factsheet for August on Wednesday night on its official X handle. The factsheet showed that the plants had an average available capacity of 4,758 ...
Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, is delighted to announce that its midstream subsidiary in Nigeria, Accugas Limited, has inaugurated the Board of Trustees for the Accugas Host Communities Development Trust (HCDT), the first midstream HCDT to be inaugurated in Nigeria. The inauguration represents an important ...
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has inaugurated a Planning Committee to coordinate preparations for the forthcoming Oil and Gas Investment forum scheduled to take place in China later this year. The Chairman of the Commission Dr. Mohammed Bello Shehu represented by the Investment Monitoring Committee and Federal Commissioner representing Anambra State, Hon. ...
AMNI International in partnership with TotalEnergies has completed its $800 million Final Investment Decision (FID) on the Ima Gas Project. The Ima Gas Project is expected to produce about 300 million standard cubic feet of gas per day at peak. The Ima gas resource, located offshore in OMLs 112 and 117, was discovered in 1973 ...
Compressed Natural Gas (CNG) is cutting the daily fuel bills of some Lagos drivers by thousands of naira, but long queues at refuelling stations are taking away hours they would otherwise spend working, according to drivers interviewed by NewsDirect. The drivers, using CNG at stations in Agidingbi and Agege, described a trade-off between cheaper fuel ...
The Rural Electrification Agency (REA) has welcomed the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to conduct a comprehensive system study and review of its operations as part of efforts to deepen accountability and improve transparency. Recall that the REA was recently ranked as leader in the power sector in the 2025 Ethics ...
Joseph Ambakederimo, Convener, South-South Development Group, has urged Bayelsa State Government to plan for increased electricity generation beyond 60-megawatt power generation capacity as businesses and industries return to the state. Ambakederimo made the call at a roundtable on “Bayelsa Power Infrastructure and Its Value Chain Objectives” to mark the state’s 30th statehood anniversary. He said ...
