Dare Olawin
Dangote refinery should sell petrol below N800/litre – Marketers
The Independent Petroleum Marketers Association of Nigeria has said the Dangote Petroleum Refinery should sell Premium Motor Spirit (petrol) below the current N825 per litre price being sold by the Le...
9th June 2025
Why new firm won oil blocks in 2024 round — NUPRC
The Nigerian Upstream Petroleum Regulatory Commission has explained why a new company won oil blocks in the 2024 licensing bid round. There were complaints that Panout Oil & Gas, an eight-day-old ...
7th June 2025
Tinubu tackles electricity crisis amid mounting hurdles
President Bola Tinubu’s administration is grappling with mounting challenges in its quest to revamp Nigeria’s crippling power sector as vandalism, poor distribution infrastructure, and other issue...
5th June 2025
Axxela expands domestic gas access in Lagos
Axxela Limited says it has connected new customers to its “expansive” natural gas pipeline network. In a statement, the company said the move further underscored its commitment to driving domestic...
5th June 2025
PE Energy’s audit to boost oil revenue – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission says PE Energy Limited’s report will boost revenue generation. The body made this observation upon receiving the Engineering Audit Report on Ups...
5th June 2025
Minister unveils first LCNG plant in North-East
Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has inaugurated the first Liquefied to Compressed Natural Gas hub in the North-East of Nigeria in Yola, Adamawa State. The minister, in a s...
5th June 2025
FG lights up Lagos community with solar power
The Federal Government has launched a solar power initiative to bring clean and steady electricity to homes and small businesses in the Ibeju-Lekki area of Lagos State. The project, known as ‘Light-...
5th June 2025
Stakeholders adopt cost-reflective tariffs to tackle N200bn electricity subsidy
The National Council on Power has adopted a cost-reflective tariff for electricity consumption to reduce the country’s N200 bn monthly electricity subsidy. This was contained in a communique issued ...
5th June 2025
Low taxation responsible for cheaper Nigerian fuel — Major marketers
The Major Energies Marketers Association of Nigeria has identified low taxation as one of the primary reasons fuel is cheaper in Nigeria than in other West African countries. The Executive Secretary a...
3rd June 2025
Nigeria’s petrol price 55% below West African average – Dangote
The President of the Dangote Group, Aliko Dangote, has revealed that most Nigerians are unaware that they currently pay 55 per cent of what other West African countries pay for Premium Motor Spirit (p...
2nd June 2025
FG bans multiple board membership in power sector
Directors sitting on more than two companies’ boards in the Nigerian Electricity Supply Industry may have to resign from one following the latest Code of Corporate Governance released by the Nigeria...
2nd June 2025
Crude export to US increased after Dangote lowered production – Report
Nigeria’s crude export to the United States increased from 358,000 barrels per day to 364,000 bpd after the Dangote Petroleum Refinery reduced its daily fuel production between April and May 2025. Q...
1st June 2025
Seplat to invest in power sector
The Chief Executive Officer of Seplat Energy, Roger Brown, has disclosed that the company will venture into the power sector later. Brown disclosed this in a statement made available to our correspond...
30th May 2025
TotalEnergies sells stake in Bonga field to Shell
TotalEnergies has announced that its subsidiary, TotalEnergies EP Nigeria, has signed an agreement with Shell Nigeria Exploration and Production Company Ltd for the sale of its non-operated 12.5 per c...
30th May 2025
40 oil block licences to expire in June – Report
No fewer than 40 oil licences will expire in June 2025, and the companies holding these assets may lose them unless the Minister of Petroleum renews their licences in accordance with the Petroleum Ind...
30th May 2025
TotalEnergies sells stake in Bonga field to Shell
TotalEnergies has announced that its subsidiary, TotalEnergies EP Nigeria, has signed an agreement with Shell Nigeria Exploration and Production Company Ltd for the sale of its non-operated 12.5 per c...
29th May 2025
Govt lauds Silicon Valley for attracting investors
The Federal Government has expressed delight over the attraction of foreign investors by the Chairman/Chief Executive Officer of Silicon Valley Nigeria Economic Development, Chief Temitope Labinjo-Aja...
29th May 2025
Local meter firms decry Chinese preference
The Association of Meter Manufacturers of Nigeria has kicked against the award of meter contracts to Chinese firms despite in-country production capacity. The association said it supports President Bo...
29th May 2025
Kwale Gas honoured in China
The Kwale Gas Gathering Hub, located in Kwale, Delta State, won the Regional Gas Award for Africa from the International Gas Union at the recent World Gas Conference held in Beijing, China. KGG Hub wa...
29th May 2025
Savannah Energy increases output after SIPEC acquisition
Savannah Energy has increased its hydrocarbon production following the acquisition of the Sinopec International Petroleum Exploration and Production Company Nigeria Limited. The company stated this wh...
29th May 2025
NNPCL, Heirs Energies deliver health aid to communities
The NNPC/Heirs Energies JV OML 17 Host Communities Development Trust has launched a free medical outreach initiative aimed at improving access to quality healthcare for residents across the OML 17 acr...
29th May 2025
FG to boost power supply in northern Nigeria
The Federal Government has declared its intention to boost electricity supply in the northern part of the country. The power minister, Adebayo Adelabu, disclosed this while speaking at a two-day retre...
29th May 2025
Salpha Energy secures N2bn investment for electricity expansion
Salpha Energy has announced a N2bn investment from All On to expand energy access in off-grid areas. In a statement yesterday, Salpha Energy said this will enable it to significantly scale its operati...
29th May 2025
Oyo community gets solar power for 22-hour supply
Saki, a community in the Oke-Ogun area of Oyo State, is set to enjoy a minimum of 22 hours of electricity supply daily following the official signing of a 10-megawatt interconnected solar-hybrid power...
29th May 2025
Shafa Energy to unveil CNG station in Abuja
Shafa Energy, a subsidiary of AYM Shafa Holdings Limited, has announced the launch of Shafa CNG with a station in Abuja. In a statement, the firm said the initiative aligns with President Bola Tinubu�...
28th May 2025
IBEDC urged to energise Ogun communities
Ogun State House of Assembly has urged the Ibadan Electricity Distribution Company to expedite action on the re-electrification of some communities affected by the destruction of electricity poles and...
28th May 2025
Ekpo tells gas producers to raise output
The Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has charged major gas-producing companies operating in Nigeria to take concrete steps to increase daily gas production by one billion s...
27th May 2025
Refinery shutdown: Workers barred from speaking with journalists
As maintenance activities commenced at the Port Harcourt Refining Company, employees of the facility have been barred from speaking with journalists who may visit the plant during the exercise. A memo...
27th May 2025
NDPHC decries N600bn electricity debt, stranded 2,000MW
The Management of Niger Delta Power Holding Company says the Nigeria Bulk Electricity Trading Plc and other bilateral entities are owing NDPHC close to N600bn, thereby hindering the company’s operat...
26th May 2025
NNPCL, FIRST E&P support 180 schools with digital tools
The NNPC Limited/FIRST Exploration & Petroleum Development Company Joint Venture, in collaboration with the Nigerian Content Development and Monitoring Board, has concluded a teacher training work...
26th May 2025
P’Harcourt refinery didn’t produce fuel before shutdown – Marketers
The Independent Petroleum Marketers Association of Nigeria has said the Nigerian National Petroleum Company Limited had to shut down the Port Harcourt Refining Company to save its face. IPMAN said the...
26th May 2025
