.Advise govt against inconsistency in policy changes The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concern over what it described as persistent unsafe practices in oil installations, cautioning that operators that are avoiding the right process would put the lives of Nigerian workers in danger. President of PENGASSAN, Festus Osifo […]Read More
Rainoil Ltd. has received ‘MT Princess Oge’, a 45,000-metric-ton oil product tanker, on her maiden voyage into Nigerian waters. The development marks a significant step in strengthening petroleum product distribution across the country. Dr Gabriel Ogbechie, Group Managing Director of Rainoil Ltd., said the Japan-built vessel, with a deadweight tonnage of 45,996MT, successfully discharged 20,000MT […]Read More
August 19, 2025 Crude oil prices declined today after the end of the Trump-Zelensky talks on Monday, in anticipation of trilateral talks that could result in a peace deal. That would likely also result in the lifting of sanctions on Russian crude, making more of its available on global markets. At the time of writing, Brent […]Read More
August 19, 2025 U.S. utilities have signed billions of dollars’ worth of mergers and acquisitions (M&A) deals this year, driven by the desire to position themselves for the power demand surge. The electric, gas, and water utilities sector has so far this year agreed more than $60 billion worth of asset and corporate acquisition deals, […]Read More
August 15, 2025 Chinese oil refining throughput jumped by 9% in July from a year earlier amid higher utilization capacity at state-owned refiners, according to official data released on Friday. Chinese refiners processed 14.85 million barrels per day (bpd) of crude last month, per the data from the National Bureau of Statistics cited by Reuters.  The crude […]Read More
6th August 2025 The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has proposed fresh rules on the safe decommissioning of filling stations, sparking opposition from retail outlet owners in the downstream sector. The draft regulation, currently undergoing public scrutiny at the Stakeholders’ Consultation Forum on the Proposed Midstream and Downstream Petroleum Safety and Environmental […]Read More
—-New law consolidates outdated regulations, introduces stricter oversight, and boosts investor confidence President Bola Tinubu has signed into law the Nigerian Insurance Industry Reform Bill, 2025, a legislation aimed at transforming the financial sector and propelling Nigeria closer to its $1 trillion economy ambition. Specifically, the new law, now known as the Nigerian Insurance Industry […]Read More
Mainpower Electricity Distribution Company Limited (MEDL) informed its esteemed customers in parts of Enugu State who have been experiencing power outage over the past four days that the situation is due to a significant drop in Energy allocation from the parent company, Enugu Electricity Distribution Company Plc (EEDC) The management of Mainpower said the development […]Read More
The Enugu State Electricityv Regulatory Commission (EERC), has issued a new tariff to MainPower Electricity Distribution Limited, the utility that succeeded Enugu Electricity Distribution Company, (EEDC), for electricity distribution in the state, reviewing electricity cost for Band A from N209/ kWh (per kiloWatt) to N160 kWh, effective from August 1, 2025. This was contained in […]Read More
Former President Muhammadu Buhari is dead. He died today, Sunday, July 13 in London. His spokesman, Garba Shehu, announced this afternoon. “INNA LILLAHI WA INNA ILAIHIRRAJIUUN. “The family of the former president has announced the passing on of the former president, Muhammadu Buhari, this afternoon in a clinic in London.“May Allah accept him in Aljannatul […]Read More
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