More than a decade after Nigeria privatised its power sector, tension is rising across the industry — not over tariffs or megawatts, but over pension contributions that workers say have been deducted from their salaries and left unremitted for as long as 82 months. At the centre of the brewing crisis are allegations that some…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has recorded a major win for the country in the effort to tighten accountability in crude oil production operations with the inauguration of a Gravimetric Multifaceted Flow Metering Calibration Facility in Eket, Akwa Ibom State. The project — the first of its kind in West Africa — addresses…
Dangote IPO, insurance recapitalisation to drive new era of market liquidityShare Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., one of China’s leading manufacturers of construction machinery, in a move set to accelerate the expansion of the Dangote Petroleum Refinery & Petrochemicals from 650,000 barrels per day…
The Nigerian National Petroleum Company (NNPC) Limited has signed a tripartite memorandum of understanding (MoU) with China Gas Holdings Limited and Peiyang Chemical Singapore PTE (PCCS) Ltd to enhance liquefied natural gas (LNG) development in Nigeria. In a statement on Monday by PCCS, the company said the MoU establishes a framework for structured collaboration across…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has urged global investors to capitalise on opportunities in Nigeria’s 2025 licensing round, emphasising that recent reforms under the Petroleum Industry Act 2021 provide a predictable, transparent, and investor-friendly framework for upstream development. The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, made this known at the opening of the…
The award highlights the company’s leadership in Nigeria’s deep-water sector, having commenced production in 2005 at Bonga field, Nigeria’s first development in water depths of more than 1,000 meters. There have been further developments in the field including the Bonga Northwest project which came on stream in 2015. The NIES award comes as work progresses…
provides roadmap to $3.4tn continental market The Nigerian Content Development and Monitoring Board has outlined a practical framework for positioning Nigeria’s energy sector to access the African Continental Free Trade Area, following a strategic webinar focused on meeting rules-of-origin requirements for continental trade. The Board held a pre-conference webinar on Wednesday ahead of the Nigeria…
Dangote Industries Limited (DIL) has signed gas supply agreements with the Nigerian National Petroleum Company (NNPC) Limited for three of its subsidiaries. The move is said to be part of efforts to meet the growing energy needs of DIL’s expansion projects. The agreements, according to a statement on Sunday, were signed during the unveiling of…
The programme, implemented in partnership with Jake Riley Limited, focused on equipping participants with practical, income-generating skills aligned with Nigeria’s drive for local content development and economic self-reliance. Participants were trained across seven vocational tracks, including Fashion Design, Solar Installation, and Digital Skills, among others. At the graduation ceremony, each graduand received tools and equipment…
The Rural Electrification Agency (REA) and Lotus Bank have reached a strategic milestone in their collaboration to deepen financing for energy access across Nigeria. Following a high-level meeting on Wednesday, the two institutions announced plans to transition from project-based support to a large-scale, dedicated financial framework. The engagement focused on the Distributed Access through Renewable…
