Dangote Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N890 to N825 per litre. This new pricing will take effect on February 27, 2025, marking the refinery’s second price cut this month. Earlier in the month, on February 1, the refinery had already reduced […]Read More
Indigenous oil producers, the Independent Petroleum Producing Group (IPPG) has praised the federal government for successfully concluding divestment deals by International Oil Companies (IOCs) in Nigeria. According to the IPPG, these divestments have significantly increased the activities of indigenous companies, which now contribute approximately 50% to the country’s total oil production. Abdulrazaq Isa, Chairman of […]Read More
President Tinubu will set up a committee to align census imperatives as Nigeria moves closer to conducting a new national population and housing census with biometric and digital components. The country last held a census in November 2006. President Bola Tinubu, at a meeting at the Statehouse with officials of the National Population Commission (NPC), […]Read More
Nigerians may face petrol shortages in the coming days as the Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened a nationwide strike over unpaid bridging claims amounting to N100 billion. The association announced this plan during a press briefing in Abuja on Monday, issuing a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum […]Read More
The Minister of Energy and Electricity, Dr Kgosientsho Ramokgopa apologized to South Africans as the country faces Stage 6 load shedding. Addressing the media on Sunday morning in Pretoria, Gauteng Ramokgopa said: “Please accept our sincerest apologies. With the greatest level of humility, I want to say to the country that we regret that there […]Read More
The Shell Petroleum Development Company of Nigeria Limited (SPDC) has called for continuous partnership between professional associations in the oil and gas industry and government agencies to ensure the sector contributes more effectively to the socio-economic development of Nigeria. Such collaboration could result in investments in research and development that will ensure technological innovations not […]Read More
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced a ban on 60,000-litre fuel tankers from operating on Nigerian roads, effective March 1, 2025 to mitigate truck-in-transit incidents. Speaking to journalists on Wednesday in Abuja, Ogbugo Ukoha, NMDPRA Executive Director, Distribution Systems, Storage, and Retailing Infrastructure, said the decision was made in response […]Read More
 Weafri is proud to announce the successful expansion of its strategic partnership with leading Malaysia High -Tech oil and gas companies to cut cost for clients. This collaboration, initiated in 2024, has now been deployed successfully in Nigeria for the first time, introducing cost- effective, innovative solutions that redefine operational efficiency in oil and gas […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has announced stiffer administrative charges to combat the menace of electricity theft and other unauthorised or illegal connections, with charges ranging from ₦100,000 to ₦300,000. The Regulator stated in paragraph 9 of the Amended Order on Unauthorised Access, Meter Tampering, and By-pass 2025 that the objectives of the Order […]Read More
Increase in global electricity demand and consumption through 2027 expected to average around 4% annually, driven by growing use for industry, air conditioning, electrification and data centres. The world’s global electricity demand is set to rise at its fastest pace in recent years, growing at close to 4% annually through 2027 as power use climbs […]Read More
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