Petrol depot prices in Lagos, Port Harcourt and Calabar fell to N1,350 per litre on Friday, October 9, after the Federal Government proposed a ceiling on landing and ex-gantry costs. Several depots in Warri, however, held on to higher rates. Price data collected across major depot locations showed Nipco, Honeywell, Ardova and Prudent depots in…
The Federal Government is courting investors for the next phase of Nigeria’s power sector reform, with accelerated metering and enhanced gas supply at the centre of efforts to turn existing assets into electricity delivered and paid for. The position was set out at the NAEC Energy Conference 2026 in Lagos, organised by the Association of…
The Federal Government, yesterday, said it would offer a discount on petrol dispensed at the filling stations of the Nigerian National Petroleum Company, NNPC, Limited for the next 30 days. It said the designated NNPC stations will sell petrol at N1,350, a price that would be reviewed every month. Meanwhile, the Presidency, yesterday explained that…
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…
The Chairman of the Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsaya, has called on indigenous oil and gas companies to consolidate their technical and financial capacities to compete for bigger projects and take advantage of opportunities arising from the divestment of oil and gas assets. Ogunsaya said Nigerian companies could not continue to…
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…
Heritage Energy Operational Services Limited (HEOSL) has said access to assets in Nigeria’s oil and gas industry must go beyond physical resources to include access to capital, technology, markets and regulatory certainty to unlock investment and boost energy security. The company stated this in a goodwill message at the 2026 National Association of Energy Correspondents…
Chairman of Sahara Group, Kola Adeshina, has said ownership of oil and gas assets alone will not drive growth in Nigeria’s energy sector, stressing the need for technical capacity, financing and innovation to translate assets into economic value. Adeshina, represented by Head of Corporate Communications, Sahara Group, Bethel Obioma, stated this at the 2026 Energy…
The Nigerian Content Development and Monitoring Board (NCDMB) has said Nigerian content in the oil and gas industry has risen to 61 per cent from five per cent in 2010, as it targets greater global competitiveness for indigenous oilfield service companies. General Manager, Corporate Communications, NCDMB, Dr. Obinna Ezeobi, disclosed this on Thursday at the…
Support staff at the Port Harcourt Refining Company (PHRC) have threatened to shut down the refinery within 48 hours if the Nigerian National Petroleum Company Limited (NNPCL) does not address their demands on unpaid salaries and welfare. The workers blocked the refinery entrance in Eleme, Rivers State, set up tents and demanded seven months of…
