Africa and Nigeria’s richest man, Aliko Dangote, is taking another major step in the expansion of his industrial empire with plans to construct a deep seaport near his existing fertilizer and oil refinery plants. The initiative is aimed at boosting export capacity and strengthening the Dangote Group’s logistics operations. Speaking in a recent interview in…
The Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, has said the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s commitment to competitiveness has contributed to petroleum product price reduction in the country. The Executive Secretary of DAPPMAN, Olufemi Adewole, disclosed this in a recent statement, lauding the Farouk Ahmed-led NMDPRA reforms in Nigeria’s downstream…
More than 2,000 people have benefitted from the healthcare outreach organised in Lagos as part of the Vision First initiative of the Nigerian National Petroleum Company Ltd (NNPC) and Shell Nigeria Exploration and Production Company Ltd (SNEPCo). Some of the participants testified how their long age eye problems have been cured while others who came…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has stated that the sale of the country’s non-performing refineries, including those in Warri, Port Harcourt, and Kaduna, remains a possibility as the company undertakes a full review of its downstream operations. Ojulari made this known in an interview on…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that its Project One Million Barrels, launched in October 2024, has led to an increase of 300,000 barrels per day (bpd) in Nigeria’s oil production. The Commission Chief Executive, Engr. Gbenga Komolafe who disclosed this in Abuja during a workshop for journalists, said Nigeria’s oil rig…
Major oil contracts reached a two-week high yesterday after fresh Houthi attacks on shipping in the Red Sea raised concerns over supply disruptions. Reuters reported on Tuesday that four crew members aboard the Greek-operated, Liberian-flagged bulk carrier Eternity C were killed by drones and speedboats off Yemen’s coast. Oil prices dipped slightly during Wednesday’s session,…
The Nigerian Content Development and Monitoring Board has introduced the Nigerian Content Fund Clearance Certificate(NCFCC) as a mandatory compliance document for contractors and operators in the oil and gas sector. In a statement, the General Manager, Corporate Communications of NCDMB, Obinna Ezeobi, PhD, said that the certificate was launched during a Stakeholders’ Sensitization workshop held in Lagos, where the…
The fourth edition of Vision First, the flagship health programme of the Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo) began in Mushin Local Council Development Area of Lagos State July 7, allowing people to receive eye and cardiovascular screenings, surgeries, and general health education. On the first day,…
The Nigerian Content Development and Monitoring Board (NCDMB) has organised a sensitization workshop in Lagos aimed at deepening local participation in the oil and gas sector and strengthening financing compliance with Nigerian Content regulations. The Executive Secretary of the Board, Engr. Felix Omatsola Ogbe, while welcoming the participants, explained that the workshop was aimed at…
The Nigerian Upstream Petroleum Regulatory Commission has generated a total sum of N28.11bn in miscellaneous oil revenue tied to licensing fees and renewals within the first five months of 2025. The fund collected by the commission between January and May 2025 was remitted fully to government coffers. This comes amidst the scramble by over 40…
