• May 9, 2025
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Oil Marketers Urge Privatisation of Nigerian Refineries

Oil Marketers Urge Privatisation of Nigerian Refineries

January 4, 2025

Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have called on the Federal Government to privatise state-owned refineries, including the 125,000 barrels per day Warri and Kaduna refineries, as part of broader reforms to enhance transparency, competition, and operational efficiency in the downstream petroleum sector. In a report titled 2024 […]Read More

NNPC Begins Overhaul Kaduna, Second Port Harcourt Refineries

NNPC Begins Overhaul Kaduna, Second Port Harcourt Refineries

January 4, 2025

The Nigerian National Petroleum Company (NNPC) Limited has announced that the Port Harcourt Refinery, with a capacity of 150,000 barrels per day (bpd), and the Kaduna Refinery are undergoing extensive rehabilitation to achieve world-class operational standards.   This was revealed in a statement issued by Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., in response […]Read More

Jigawa To Acquire 10% Stake In Kano DisCo

Jigawa To Acquire 10% Stake In Kano DisCo

January 2, 2025

The Jigawa State Government has approved and allocated N1 billion to acquire a 10 percent stake in the Kano Electricity Distribution Company (KEDCO). Sagir Musa, the Commissioner for Information, Youths, Sports, and Culture, made his known in a statement on Tuesday that the state executive council had approved the release of the funds. Musa said […]Read More

NERC Transfers Ogun Electricity Market Oversight to OGERC

NERC Transfers Ogun Electricity Market Oversight to OGERC

December 31, 2024

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

India’s BPCL to Invest $11bn in Refinery, Petrochemical Complex

India’s BPCL to Invest $11bn in Refinery, Petrochemical Complex

December 30, 2024

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

Tracking the Barrels: NNPC Launches PMCC to Boost Nigeria’s Oil Production, Efficiency

Tracking the Barrels: NNPC Launches PMCC to Boost Nigeria’s Oil

December 28, 2024

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

Saipem Secures $1bn Contract for Bonga North Project Offshore Nigeria

Saipem Secures $1bn Contract for Bonga North Project Offshore Nigeria

December 24, 2024

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

IPMAN Announces New Petrol Price of ₦935 Per Litre

IPMAN Announces New Petrol Price of ₦935 Per Litre

December 23, 2024

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

Lagos Gains Regulatory Autonomy Over Electricity Market

Lagos Gains Regulatory Autonomy Over Electricity Market

December 18, 2024

Ikeja Electric to Create Subsidiary The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Lagos State to the Lagos State Electricity Regulatory Commission (LASERC). Lagos Electricity Market Regulatory Autonomy aligns with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the provisions of the Electricity Act 2023 […]Read More

NNPC Secures $1bn Crude-Backed Loan to Support Dangote Refinery

NNPC Secures $1bn Crude-Backed Loan to Support Dangote Refinery

December 17, 2024

The Chief Corporate Communications Officer of Nigerian National Petroleum Company Limited (NNPC Ltd), Olufemi Soneye, announced on Monday that the company secured a $1 billion crude-backed loan to address liquidity challenges at the Dangote Refinery. Speaking during an energy stakeholders’ engagement session in Abuja, Soneye highlighted NNPC’s commitment to fostering public-private partnerships to drive national […]Read More

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