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The state-run Nigerian National Petroleum Corporation (NNPC) Oil and Gas Financial Report for the month of April 2020
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NCDMB, NEXIM sign $30m capacity building fund
NCDMB, NEXIM sign $30m capacity building fund The Nigeria Content Development and Monitoring Board (NCDMB) and the Nigeria Export Import Bank (NEXIM) have signed a...Nigeria fuel consumption hits 102m litres daily as NNPC, EFCC partner to tackle smuggling, oil theft
The state-run Nigerian National Petroleum Corporation (NNPC) has urged all industry stakeholders to collaborate with the corporation to ensure that the daily national petroleum...TotalEnergies targets $60bn renewable projects in 10 years
TotalEnergies said it would be investing about $60 billion in renewable projects over the next 10 years with 10 per cent of the spending...OPEC to mark 50th anniversary of Nigeria’s membership
The Organisation of Petroleum Exporting Countries (OPEC) will on July 12 mark the 50th anniversary of Nigeria’s membership of the organisation. OPEC’s Secretary-General, Dr Mohammad...
- Midstream
Manufacturers seek upward review of prepaid meter price
.Want presidential waiver of 35% per cent levy on fully built prepaid meters extended to Dec. 2022 Meter Asset Providers have called on the federal...Fayemi inaugurates ABUAD’s 2.5MW power project
Gov. Kayode Fayemi of Ekiti, on Monday, inaugurated the N50 billion 2.5 megawatts Afe Babalola University independent power project, in Ado-Ekiti. The project when fully...Firm to set up 1GW solar panel manufacturing factory in Nigeria
Solmont Technologies, an OEM, plans to construct a 1,000 MW per annum solar panel manufacturing facility in Ondo State, Southwest Nigeria. The factory is...OAU to begin electricity generation, distribution
The Vice-Chancellor of the Obafemi Awolowo University (OAU), Prof. Eyitope Ogunbodede, has announced that the University has obtained the license to distribute electricity to...
- Downstream
Shafa, A.A. Rano, Matrix, others get marginal oil field licence
Indigenous oil firms, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration were among oil companies awarded marginal oil field licence by the Department...No Fuel Price Increase in June- Minister
The Minister of State for Petroleum Timipre Sylva, on Friday, announced that there will be no increase in the pump price of petrol in...DPR’s alternative dispute resolution centre resolves first case
The Department of Petroleum Resources (DPR) said that the Oil and Gas Alternative Dispute Resolution Center (ADRC) in Lagos, has successfully resolved its first...Consumer Rights Violation: FCCPC investigates death of 2 patients.
The Federal Competition and Consumer Protection Commission (FCCPC) says it has opened an investigation of possible consumer rights violation, that led to the death...
- Business
Alleged $500,000 oil bribe: Court sentences Farouk Lawan to 7 years imprisonment
An FCT High Court on Tuesday sentenced Farouk Lawal to seven years imprisonment for collecting 500,000 dollars bribe. Delivering judgment, Justice Angela Otaluka, the trial judge, ordered...Another fuel tanker explodes on Lagos-Ibadan Expressway – FRSC
FRSC says a number of vehicles were destroyed in a tanker explosion at Ogere on the Lagos-Ibadan expressway on Tuesday. FRSC Sector Commander in Ogun,Mr...Death toll from Lagos LPG tanker explosion rises to 5 — NEMA
The number of persons killed in Thursday’s gas tanker explosion at the Ogun State Property Investment Company (OPIC) Plaza in Ikeja has risen to...Axxela receives Energy Leadership Excellence Prize of The Decade
Axxela Limited, a sub-Saharan Africa's gas and power portfolio company, has received the Energy Leadership Excellence Prize of the Decade from the African Institute...
- World
Globeleq breaks ground, pioneer $32m solar power project in Cuamba, Mozambique
Globeleq, Africa’s independent power producer, and the Private Infrastructure Development Group (PIDG), the infrastructure development and finance organisation, announced that it had officially broke...Blackout hits Nigeria as I3 Power plants breakdown
Nigeria is currently hits by blackout as 13 Power generation plants are breakdown. According to Aaron Artimas, Special Adviser, Media and communications to the Minister...OPEC, non-OPEC countries to increase production by 0.5mb/d in January
The Organisation of Petroleum Exporting Countries (OPEC) and the non-OPEC countries have agreed to increase crude oil production by 0.5 million barrels per day...Sarki bags Society of Chemical Engineers Fellow
The Director of Petroleum Resources, Sarki Auwalu has been elected as a fellow of the Nigerian Society of Chemical Engineers (NSChE) at the 2020...
- Analysts
Local content, best way forward for Nigeria- Jadesimi
Managing Director LADOL, Dr. Amy Jadesimi, has said that the way to move Nigeria and its economy forward is to embrace local content, currently...Nigeria to account for 23% of upcoming oil and gas projects in Africa by 2025- Analysts
Nigeria is expected to have 100 oil and gas projects starting up between 2021 and 2025 Nigeria is expected to have 100 oil and gas...Justifying FG’s Rehabilitation Option For Nigeria’s Dormant Refineries
The immediate sensation which trailed the recent approval by the Federal Executive Council (FEC) of $1.5 billion to rehabilitate Port Harcourt Refining and Petrochemical...Fuel Deregulation: Time for labour to review stance
Helpless Nigerians presently managing to eke a living are being subjected to yet another stress of standing in long-winding queues of vehicles to buy...
- Agriculture
EDITOR PICKS
NCDMB, NEXIM sign $30m capacity building fund
NCDMB, NEXIM sign $30m capacity building fund
The Nigeria Content Development and Monitoring Board (NCDMB) and the Nigeria Export Import Bank (NEXIM) have signed a...
Nigeria fuel consumption hits 102m litres daily as NNPC, EFCC partner to tackle smuggling, oil theft
The state-run Nigerian National Petroleum Corporation (NNPC) has urged all industry stakeholders to collaborate with the corporation to ensure that the daily national petroleum...
TotalEnergies targets $60bn renewable projects in 10 years
TotalEnergies said it would be investing about $60 billion in renewable projects over the next 10 years with 10 per cent of the spending...
POPULAR POSTS
NCDMB, NEXIM sign $30m capacity building fund
NCDMB, NEXIM sign $30m capacity building fund
The Nigeria Content Development and Monitoring Board (NCDMB) and the Nigeria Export Import Bank (NEXIM) have signed a...
Nigeria fuel consumption hits 102m litres daily as NNPC, EFCC partner to tackle smuggling, oil theft
The state-run Nigerian National Petroleum Corporation (NNPC) has urged all industry stakeholders to collaborate with the corporation to ensure that the daily national petroleum...
TotalEnergies targets $60bn renewable projects in 10 years
TotalEnergies said it would be investing about $60 billion in renewable projects over the next 10 years with 10 per cent of the spending...
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