• August 27, 2025
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IPPG Highlights Bold Future For Nigeria’s Energy Sector

IPPG Highlights Bold Future For Nigeria’s Energy Sector

March 3, 2025

The Independent Petroleum Producers Group (IPPG) has lauded President Bola Tinubu for his bold policy reforms and visionary leadership in revitalising Nigeria’s energy sector. HIGHLIGHT At the 8th Nigeria International Energy Summit (NIES 2025) opening ceremony, Abdulrazaq Isa, IPPG Chairman, highlighted the administration’s role in driving industry advancements, restoring investor confidence, and positioning Nigeria as […]Read More

Seplat Energy Attributes Exponential Growth To Strategy, Strong Governance And Dedication

Seplat Energy Attributes Exponential Growth To Strategy, Strong Governance And

March 2, 2025

Seplat Energy Plc, Nigeria’s leading indigenous energy company has attributed its exponential growth over the years to well thought-through strategies, strong governance practice and dedicated people, stressing that the quest to develop Nigeria and the support from the Nigerian government remain very cardinal.   Seplat Chief Executive Officer, Mr. Roger Brown, said this in Abuja […]Read More

Shell pledges support for reforms in Nigeria’s oil and gas industry

Shell pledges support for reforms in Nigeria’s oil and gas

March 2, 2025

Shell has pledged support for the recent reforms in the oil and gas industry in Nigeria, describing them as a good way to reposition the sector for growth and profitability. IMPROVEMENT IN NIGERIA OIL & GAS “We welcome the reforms by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) which have already improved crude oil production […]Read More

Nigeria’s Crude Oil Production Potential Hits 2.24 Million BPD, Says NUPRC

Nigeria’s Crude Oil Production Potential Hits 2.24 Million BPD, Says

February 28, 2025

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that Nigeria’s technical potential for crude oil production stands at 2.24 million barrels per day (bpd), significantly higher than the current production quota of 1.75 million bpd. This announcement was made by Gbenga Komolafe, the Chief Executive of NUPRC, during the ongoing Nigeria International Energy Summit […]Read More

We Account for 50% of Nigeria’s Oil Output, Says Indigenous Oil Producers

We Account for 50% of Nigeria’s Oil Output, Says Indigenous

February 26, 2025

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

IPMAN Threatens Nationwide Strike Over N100bn Unpaid Bridging Claims, Petrol Scarcity Looms

IPMAN Threatens Nationwide Strike Over N100bn Unpaid Bridging Claims, Petrol

February 24, 2025

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

NMDPRA Bans 60,000-litre Fuel Tankers From Nigerian Roads March 1

NMDPRA Bans 60,000-litre Fuel Tankers From Nigerian Roads March 1

February 19, 2025

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

NNPC Denies Selling Substandard Fuel, Says PMS Sourced From Dangote

NNPC Denies Selling Substandard Fuel, Says PMS Sourced From Dangote

February 15, 2025

The Nigerian National Petroleum Company (NNPC) Ltd strongly refutes the false and misleading allegations made in a viral online video, which claims that NNPC fuel does not last.  In a statement on Saturday by its spokesperson, Olufemi Soneye, the NNPC said this assertion is baseless and entirely unfounded, originating from unverified and amateur research that […]Read More

Africa Energy Bank To Launch In Nigeria By Q1, 2025

Africa Energy Bank To Launch In Nigeria By Q1, 2025

February 11, 2025

The Africa Energy Bank (AEB) to be hosted in Nigeria is expected to take off officially by the first quarter of this year, the Minister of State for Petroleum Resources (Oil) said Tuesday. Senator Heineken Lokpobiri made this known while giving a keynote address at the ninth edition of the Sub-Saharan Africa International Petroleum Exhibition […]Read More

Dangote Refinery To Hit 650,000 BPD Full Capacity In A Month

Dangote Refinery To Hit 650,000 BPD Full Capacity In A

February 10, 2025

The Dangote Refinery, the largest in Africa, is on track to achieve its full production capacity of 650,000 barrels per day (bpd) within the next 30 days. Edwin Devakumar, the refinery’s Vice President, shared this update in an interview with Reuters on Monday. He highlighted the refinery’s progress since it began operations, marking a significant […]Read More

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