The Nigerian Electricity Regulatory Commission (NERC) has officially transferred regulatory oversight of Ogun State’s electricity market to the Ogun State Electricity Regulatory Commission (OGERC), in line with the provisions of the amended Electricity Act 2023. Seven states, including Edo, Enugu, Ekiti, Imo, Ondo, Oyo, and Lagos, have also gained regulatory autonomy over their respective electricity […]Read More
Bharat Petroleum Corporation Ltd (BPCL), India’s second-largest fuel retailer, has unveiled plans to invest up to $11 billion in constructing a state-of-the-art refining and petrochemical complex in southern India. This development was revealed by the company’s chairman in a recent interview with Reuters. “We feel there is a big opportunity in refining sector. India’s primary […]Read More
The Transmission Company of Nigeria (TCN) has announced planned power outages in Abuja this weekend to facilitate critical maintenance at two major transmission substations. In a statement issued on Saturday, 28 December 2024, Ndidi Mbah, General Manager of Public Affairs at TCN, confirmed that the maintenance work aims to improve the efficiency and reliability of […]Read More
The Nigerian National Petroleum Company Limited (NNPC), under the leadership of Mele Kyari, has unveiled the Production Monitoring Command Centre (PMCC), a cutting-edge initiative to revolutionise hydrocarbon operations. Spearheaded by NNPC Upstream Investment Management Services (NUIMS), the PMCC builds on the achievements of the Command and Control Centre, aiming to improve monitoring, operational efficiency, and […]Read More
Nigeria’s Electricity Supply Industry (NESI) continues to grapple with financial instability, driven by an unsustainable subsidy burden and insufficient market payments to Generation Companies (GenCos). As the sector teeters on the brink of liquidity crises, the Power Consumer Assistance Fund (PCAF) emerges as a critical solution, offering a structured alternative to subsidies while addressing the […]Read More
Saipem, alongside two Nigerian firms, has clinched a significant offshore contract valued at approximately $1 billion with Shell for a deepwater oil and gas project off Nigeria’s coast, according to Offshore Energy magazine.  The contract, awarded by Shell Nigeria Exploration and Production Company Limited (SNEPCo), involves Saipem delivering Engineering, Procurement, Construction, and Installation (EPCI) services. […]Read More
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has revealed that petrol will now be sold at ₦935 per litre, effective today (Monday). This follows a recent agreement with the Dangote Petroleum Refinery. According to Maigandi Garima, IPMAN’s National President, the reduction in the ex-depot price at the Dangote Refinery has enabled marketers to set […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has reduced the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from N1,020 to N899 per litre. This price adjustment, aimed at responding to the competitive dynamics introduced by deregulation, is expected to intensify competition among oil marketers and lead to cost savings for consumers. […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has dismissed claims circulating in the media that the recently restarted Old Port Harcourt Refinery has ceased operations just two months after its re-streaming. In an official statement signed by Olufemi O. Soneye, NNPC’s Chief Corporate Communications Officer, the state-owned oil company described the reports as untrue. The […]Read More
Dangote Refinery has addressed the recent claim by the Nigerian National Petroleum Company (NNPC) Limited regarding a $1 billion loan backed by crude, reportedly secured to support the refinery during liquidity challenges. In a statement signed by Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group, Dangote Refinery refutes NNPC $1 billion loan […]Read More
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