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…
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…
Petrol depot prices hit N1,349 as Dangote keeps N1,210 ex-gantry rate
Petrol depot prices across Lagos, Warri, Calabar and Port Harcourt ranged from N1,323 to N1,349 per litre, according to Major Energy Marketers Association of Nigeria (MEMAN) data released on October 27, 2026. Dangote Petroleum Refinery kept its ex-gantry price at N1,210 per litre, N113 to N139 below the depot rates. The figures come as the…
Cooking gas demand rises 8% despite prices of up to ₦1,600/kg
Nigeria’s daily cooking gas consumption rose 8% to 5.2 kilotonnes in September 2026 from 4.8 kilotonnes in August, even as retail prices ranged from ₦1,200 to ₦1,600 per kilogramme. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said consumption ran ahead of receipts by about 500 tonnes daily. NMDPRA data showed that daily LPG…
Dangote Refinery IPO draws investors from 119 countries as $1.6bn offer closes
Dangote Petroleum Refinery has closed its $1.6 billion initial public offering after drawing commitments from investors in 119 countries. The offer closed on Tuesday, October 27, 2026, and could become Africa’s largest stock market listing. The refinery secured between $1.5 billion and $1.6 billion in fully funded commitments from Nigerian and retail investors alone. Investors…
NNPC to Return to Borno as Zulum Sets Two Conditions for Oil Exploration
NNPC Limited has said it is ready to revive oil exploration in Borno State, more than two years after operations were suspended. The company made the position known after a meeting with Governor Babagana Zulum at Government House in Maiduguri on Wednesday. The NNPC delegation was led by its Non-Executive Chairman, Ahmadu Musa Kida. Group…
NMDPRA Inaugurates Revision II Of The Gas Transportation Network Code
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has launched the Nigerian Gas Transportation Network Code (NGTNC) Revision 2. The launch was performed at the opening of OTL Africa Downstream Energy Week 2026. Performing the ceremony in Lagos the Authority Chief Executive, ACE, Mallam Rabiu Abdullahi Umar,described the Network Code as a critical framework…
NDPHC BREAKS GROUND ON POWER PROJECT TO END 15-YEAR DARKNESS IN KADUNA COMMUNITY
After nearly 15 years of inadequate electricity supply, Rigasa community in Igabi Local Government Area of Kaduna State is set for improved power access following the Niger Delta Power Holding Company Limited’s (NDPHC) commitment to deliver critical electricity infrastructure. The project, facilitated by the Bola Ahmed Tinubu Ideological Group (BAT-IG), comprises a 2-kilometre 11kV line,…
Cooking Gas Prices Jump by Up to N75 per Kilogram as Brent Crude Hits $111.90
Cooking gas prices rose by as much as N75 per kilogram across five suppliers between October 20 and October 22, as international crude oil benchmarks climbed. Navgas posted the steepest increase, while Techno Oil and Rainoil recorded the smallest adjustments among the suppliers Navgas raised its LPG price from N1,175 per kilogram on October 20…
