Ikeja Electric (IE), in keeping to its zero-tolerance stance for vandalism and other vices that impedes efficient service delivery to its customers, has announced the conviction of three persons by the Magistrate courts in Lagos for vandalism and stealing of electricity distribution equipment within its distribution network. The Magistrate Court sitting at Ikorodu on 5th […]Read More
About half of the existing 256 petroleum product 256 are currently in operation, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said. Authority Chief Executive (ACE), Engr Farouk Ahmed who disclosed this in his office in Abuja, also explained that the removal of the petrol subsidy has led to increased competition in the […]Read More
NLNG says it is committed to building Nigerian capacity as it launches its Train 7 Project Human Capital Development (HCD) Basic Training Supplementary Programme in Port Harcourt today. The event, which took place in The Hotel Presidential Port Harcourt, was graced by officials from the Nigerian Content Development and Monitoring Board (NCDMB), including Mrs. Tarilate […]Read More
May 25, 2025. The Nigeria Extractive Industries Transparency Initiative (NEITI) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for notable progress in the conduct of the 2022–2023 Mini Bid Round and the 2024 Licensing Round. The commendation follows NEITI’s independent observation and monitoring of the pre-qualification and technical bid processes, in line with its […]Read More
As Mike Sangster Talks Multi-Energy Strategy at Invest in African Energy (IAE) 2025 Mike Sangster, Senior Vice President for Africa at TotalEnergies, outlined the company’s multi-energy strategy in Africa at the Invest in African Energy (IAE) 2025 Forum in Paris. Speaking during a one-on-one conversation with America Hernandez, Energy Correspondent at Reuters, Sangster said that […]Read More
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has forecast that Nigeria will emerge as a full-fledged petroleum exporting country within the next two years. This optimistic projection comes in the wake of the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) announcement of a significant milestone—the licensing of 83 refineries nationwide, boasting […]Read More
The newly appointed leadership of the Nigerian National Petroleum Company (NNPC) Limited has outlined an ambitious strategy to attract sectoral investments totalling $30 billion by 2027, with a long-term goal of reaching $60 billion by 2030. The state-owned energy giant is also setting its sights on increasing Nigeria’s crude oil output to over 2 million […]Read More
The Federal Government, through the Ministry of Finance, has confirmed that the Naira-for-crude arrangement with local refiners, including the Dangote Refinery, is still in place. The Technical Sub-Committee on the Crude and Refined Product Sales in Naira initiative convened an update meeting on Tuesday to review progress and address ongoing implementation matters. In a statement […]Read More
Crude oil prices surged to a three-week high earlier today, driven by the latest U.S. oil inventory data from the American Petroleum Institute (API) and expectations of a tighter market due to Washington’s intensified sanctions on Iran and Venezuela. At the time of writing, Brent crude was trading at $73.13 per barrel, while West Texas […]Read More
With 585 GW of capacity additions, renewables accounted for over 90% of total power expansion globally in 2024. Â Â Renewable Capacity Statistics 2025 released by the International Renewable Energy Agency (IRENA) today shows a massive increase in renewable power capacity during 2024, reaching 4 448 gigawatts (GW). The 585 GW addition last year indicates a 92.5% […]Read More
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