NNPC plans 5% to 10% share sale to Nigerians, IPO preparation may run into 2027
NNPC plans to sell between 5% and 10% of its shares to investors, with Nigerian…
REA begins 37 solar mini-grid projects in Zamfara
Nigeria’s Rural Electrification Agency, REA, on Wednesday flagged off the development of two interconnected mini-grids and 35 isolated mini-grids, representing approximately 18.8 megawatts-peak, MWp, of solar generation capacity in Zamfara State. The new projects will connect 125,106 households across Gummi, Gusau, Kaura Namoda, Maradun, Shinkafi, Tsafe and Zurmi Local Government Areas. The groundbreaking and commissioning…
NERC fines Disco N2.8m over consumers’ complaints
The Nigerian Electricity Regulatory Commission (NERC), through its Damaturu Forum Office, has fined the Yola Electricity Distribution Company (YEDC) N2.8 million over complaints relating to violations of electricity consumers’ rights. The sanction followed the consideration of complaints and submissions presented by electricity consumers and the distribution company before the Forum. The judgment was delivered at…
NNPC plans 5% to 10% share sale to Nigerians, IPO preparation may run into 2027
NNPC plans to sell between 5% and 10% of its shares to investors, with Nigerian investors given priority, Group Chief Executive Officer Bashir Bayo Ojulari said in an interview on Tuesday, November 3, 2026. Preparations for the initial public offering could take at least the whole of 2027, he said. The proposed listing could let…
Dangote Refinery shares may start trading December 8 after ₦2.15 trillion IPO
Nigerian investors may be able to buy and sell shares in Dangote Petroleum Refinery and Petrochemicals from December 8, 2026, after the company closed a ₦2.15 trillion initial public offering. The date is provisional and depends on SEC approval and Nigerian Exchange Limited (NGX) admission requirements. The public offer closed on October 27, 2026, after…
Oil majors hoard windfall as $100 crude tests spending discipline
The world’s largest oil companies are holding back on spending after posting their third-highest quarterly earnings on record, even as crude prices stay above $100 for much of 2026. ExxonMobil Holdings Corp. and Chevron Corp. are stockpiling cash, BP Plc is paying down debt and other liabilities, while Shell Plc and TotalEnergies SE promise caution…
AKK pipeline to deliver gas to Abuja for power generation before the end of 2026 – OjulariOjulari
The Nigerian National Petroleum Company Limited (NNPC) says the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project will begin delivering gas to Abuja for power generation before the end of 2026. BuyMaps The Group Chief Executive Officer of NNPC, Bayo Ojulari, disclosed this on Monday at the ongoing 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in…
Cooking Gas Depot Prices Jump Up to 16% as Dangote Refinery Holds at ₦1,050 per Kg
Cooking gas depot prices rose by as much as 16% in four days, between October 30 and November 2, 2026, according to market data on wholesale LPG loading rates. The increases hit major Lagos suppliers including Navgas, NIPCO, Rain Oil, Techno Oil and 11Plc. Dangote Petroleum Refinery remains the cheapest major supplier at ₦1,050 per…
Eyesan Woos Investors at ADIPEC, Says Bid Portal Opens Nov 20
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has told investors that Nigeria offers a stable climate amid the global energy tension. In a statement, Eniola AkinkuotuHead, Corporate Communicationssaid Mrs. Eyesan stated this at the 2026 Licensing Round which has 40 oil and gas blocks on offer, She urged investors…
FG to open portal for oil well bidding Nov 20
The Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, disclosed that the 2026 Licensing Round portal will officially open on November 20, 2026. Speaking during the 2026 ADIPEC Exhibition and Conference in Abu Dhabi, Eyesan told investors that Nigeria offers a stable climate amid the global energy tension. Eyesan therefore urged investors…
OPEC+ Expected to Hold December Oil Output Targets as Iran War Disrupts Exports
Seven key OPEC+ members are expected to keep oil production targets for December unchanged at an online meeting on Sunday, as export disruptions linked to the US-Iran war continue to hit shipments. Three people familiar with the matter said the core members have agreed in principle to maintain current output levels next month. The meeting…
