Germany’s Deputy Head of Mission in Nigeria, Johannes Lehne, said on Wednesday that the $2.3 billion Siemens power agreement between Nigeria and Germany remained largely dormant until President Bola Tinubu’s administration revived it after taking office. Speaking at the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos, Lehne said the bilateral partnership had…
Nigeria’s state oil firm NNPC booked after-tax profits of 5.760 trillion naira ($4.26 billion) last year, it said, as Africa’s biggest oil producer recorded average crude and condensate output of 1.62 million barrels per day. Total revenue was 60.517 trillion naira, with statutory payments to government agencies and partners amounting to 14.706 trillion naira for…
The Nigerian National Petroleum Company Limited has announced that its joint venture partner, Seplat Energy Plc, will shut down its gas production facilities for four days for routine maintenance, a development expected to temporarily reduce gas supply to power generation companies and moderately impact electricity output nationwide. In a statement issued on Thursday by the…
The Group Managing Director of NNPC Ltd., Mr Bayo Ojulari, has reaffirmed the company’s commitment to strengthening partnerships, building indigenous capacity, and promoting gas as a key driver of Africa’s industrialisation. Ojulari gave the assurance on Tuesday in Lagos at the 10th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC 2026). The conference, with the…
An energy communication researcher, Dr. Adeola Yusuf, has called on President Bola Tinubu to demand strategic communication plans from oil producers and contractors, detailing phase-by-phase progress on the 3 million barrels oil production target set for 2030. Yusuf, who doubles as the Team Lead of Platforms Africa, made this call during a plenary session at…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has condemned the slow progress made in the country’s electricity generation in the last 20 years, lamenting that it has only increased from 4,500MW to 5,000MW in two decades. In his regulatory address on the “National Gas Day: Unlocking Nigeria’s Gas Advantage for Power, Industry and…
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has criticised Bayo Ojulari, the group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, over his comments about the Port Harcourt refinery. PETROAN asked the NNPC executive not to use the failure of the state-owned asset as a basis for praising…
State governments are now to bear the cost of electricity subsidy, along with the Federal Government, President Bola Tinubu, has directed. Vanguard gathered that funding for payment of the subsidy will now come from Power Assistance Consumers Fund, PCAF. PCAF is a government-backed financial pool designed to subsidise electricity bills for low-income and vulnerable households…
The Supreme Court held that the Federal High Court lacked jurisdiction to entertain claims arising from land disputes.. The Supreme Court on Thursday brought to a close a 29 years long dispute by dismissing an appeal challenging the decision of the Court of Appeal, Calabar Division, on a jurisdictional issue and nullifying a N1.4 billion…
The Nigerian National Petroleum Company Limited has unveiled its Gas Master Plan 2026, targeting 10 billion cubic feet of daily gas production to drive industrialisation and strengthen Nigeria’s energy security. The plan was launched on Friday at the NNPC Towers in Abuja, according to a statement issued by the company’s Chief Corporate Communications Officer, Andy…
