FG Clears N1.23trn Power Debt, Moves to Stop New Arrears
The Federal Government says it has settled N1.23 trillion in power sector debts and will…
FG Clears N1.23trn Power Debt, Moves to Stop New Arrears
The Federal Government says it has settled N1.23 trillion in power sector debts and will not allow fresh arrears to pile up again. Minister of Power Joseph Tegbe disclosed this at the Harvard Business School Association of Nigeria (HBSAN) Energy Conference in Lagos. Tegbe said the objective goes beyond clearing old obligations. The government, he…
NNPC steps up IPO preparation, tackles governance and reporting gaps
The Nigerian National Petroleum Company Limited is moving closer to an initial public offering after completing a baseline readiness assessment and starting to fix governance and financial reporting gaps. Group Chief Executive Officer Bayo Bashir Ojulari said this in an interview on Tuesday, October 13, 2026. Ojulari said NNPC had completed its preliminary assessment and…
Shell quits domestic gas distribution.
Shell Petroleum B.V. has signed an agreement to sell its interest in the Shell Nigeria Gas Group to Nigerian energy company, Vaaris Energy Limited. The company which has operated in Nigeria’s domestic gas distribution for 25 years said the agreement provides a stronger platform for the business’ next chapter under new ownership. A statement by…
TotalEnergies reaffirms commitment to Nigeria’s energy growth
TotalEnergies EP Nigeria Limited has reaffirmed its long-term commitment to Nigeria, highlighting 70 years as a downstream operator and 67 years as an upstream operator in the country. Speaking on behalf of the company at the 2026 Association of Energy Correspondents of Nigeria, NAEC, Annual Energy Conference in Lagos themed “Access to Assets: Empowering Players…
NCDMB, Renaissance boost technical skills of 60 Nigerians
Nigeria Content Development and Monitoring Board (NCDMB The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Renaissance Africa Energy Company Limited, has launched a 12-month training program at Nigeria Machine Tools Limited, Osogbo, Osun State. The initiative will equip 60 young Nigerians with specialized expertise in oil and gas engineering as well as…
Nigeria needs a bankable gas market to thrive- Engr. Emenike
Nigeria’s quest to build a thriving gas economy will remain stalled unless government liberalizes pricing and creates a truly bankable, paying gas market that guarantees returns for investors Acting Managing Director and Gas Asset Manager at Neconde Energy Limited, Engr. Chichi Emenike has warned. Engr. Chichi Emenike, who spoke during a panel session with the…
Avuru to Indigenous Operators: Asset access without capital, execution capacity is empty victory
The Executive Chairman and Founder of AA Holdings Ltd., Mr. Austin Avuru, has warned indigenous operators that asset acquisition alone will not translate to barrels without matching investment, infrastructure and execution muscle.Avuru gave the warning while speaking at the high-level strategic panel session of the 2026 NAEC Energy Conference organised by the Association of Energy…
NAPE President , Ajayi calls for intensified exploration to boost Nigeria’s oil reserves
Nigeria must urgently ramp up exploration in frontier and mature basins to replace fast-depleting reserves and secure its production future, President of the Nigerian Association of Petroleum Explorationists [NAPE], Mrs. Cecilia Ajayi, has warned Ajayi raised the alarm while speaking at a high level strategic panel session at the 2026 NAEC Energy Conference, organized by…
Oando: Foreign Capital exit forces Nigeria to build own energy financing ecosystem- Alero Balogun
Nigeria must urgently deepen domestic financing and build indigenous capacity as international capital continues to retreat from African energy projects, the General Manager, Corporate Communications, Oando Plc, Mrs. Alero Balogun, has warned. Balogun made the call while speaking at the high-level strategic panel session of the 2026 NAEC Energy Conference organised by the Association of…
FG seeks infrastructure, capital to unlock 215trn scf gas reserves
The Federal Government has called for greater access to infrastructure, capital, markets and predictable regulation to unlock the value of Nigeria’s estimated 215 trillion cubic feet of proven gas reserves.The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, said access to gas assets should go beyond licences and acreage, as investors could…
