The NNPC has completed welding the main line of the pipeline, including the critical River Niger crossing – a feat that has stalled progress for years. Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, accompanied by the Group Chief Executive Officer, NNPC Limited, Engr. Bashir Bayo Ojulari, and the Company’s Executive Vice…
President Bola Ahmed Tinubu has authorized the cancellation of significant debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account, erasing obligations totaling $1.42 billion and ₦5.57 trillion. The decision follows a detailed reconciliation between government agencies aimed at resolving long-standing financial discrepancies. The approval was documented by the Nigerian…
The NNPC Limited has concluded plans to sell stakes in some of its oil and gas assets and has invited bids from interested parties. The general secretary of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Jerry Amah, confirmed the development to Reuters. According to Reuters, the company announced the call for bids…
Electricity distribution companies have commenced the distribution of prepaid meters at no cost to their customers, although it was gathered that the meters are largely for Band A and some Band B customers. This is coming a few weeks after the Chairman of the Nigerian Electricity Regulatory Commission, Musiliu Oseni, accused the DisCos of refusing…
The Federal Government has signed a Memorandum of Understanding (MoU) with Chinese infrastructure and Internet of Things (IoT) solutions provider, You Jie Te Environment Technology Ltd (YJT), to localise the manufacturing and assembly of Compressed Natural Gas (CNG) and electric vehicle (EV) infrastructure in Nigeria. The agreement was executed through the Presidential Initiative on Compressed…
As Agency rejects representation in fraud allegation petition Africa’s richest man Aliko Dangote must appear personally to adopt his corruption allegation petition, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has indicated. The business mogul filed a petition before the agency against former Chief Executive of Nigerian Midstream and Downstream Petroleum Regulatory Authority…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigeria Deposit Insurance Corporation (NDIC) and the Asset Management Corporation of Nigeria (AMCON) have come top in the 2025 Integrity Report of the Independent Corrupt Practices and other related offences Commission (ICPC). The upstream commission scored 91.83 points, followed by NDIC with 90.70 points, while AMCON came…
Ministry of Petroleum Resources yesterday announced plans to fully automate its operations, setting the stage for paperless interactions across its departments as part of a push to improve efficiency, transparency, and service delivery in Nigeria’s oil and gas sector. The initiative coming under the federal government’s Enterprise Content Management (ECM) system “Go Live”, according to…
President Bola Ahmed Tinubu, on Wednesday in Lagos, inaugurated a Committee on Strategy, Conflict Resolution and Mobilisation to resolve conflicts within the All Progressives Congress as it approaches the 2027 general elections. This was contained in a statement by hisSpecial Adviser onInformation & Strategy, Bayo Onanuga The committee, which comprises Governors of the party, members…
Seplat Energy Plc has completed the conversion of its operated onshore assets to the Petroleum Industry Act fiscal regime, replacing the former Petroleum Profit Tax framework, in a move expected to support improved profitability and operational efficiency. The company disclosed in a notice filed on the Nigerian Exchange Limited on Tuesday that its subsidiaries, Seplat…
