The revenue of Seplat Energy Plc for the 2025 financial year surged 144.2 per cent to $2.73bn (N4.14tn) compared to $1.12bn (N1.65tn) in 2024, reflecting what the company called a full year of contribution from its offshore assets. This was disclosed in its audited results for the year ended 31 December 2025, filed with the…
NUPRC sets Friday deadline for 2025 licensing round applicationsOritsemeyiwa Eyesan, CEO, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a final call to prospective investors, announcing that the window for pre-qualification applications for the Nigeria 2025 Licensing Round will officially close on Friday The Commission, in a public…
A United States court has sentenced a former senior official of the Nigerian National Petroleum Corporation (NNPC), Paulinus Okoronkwo, to 87 months (seven years and three months ) in federal prison for receiving a $2.1 million bribe linked to oil drilling rights in Nigeria. Mr Okoronkwo, 58, was sentenced by the US District Judge John…
The Dangote Petroleum Refinery has concluded an offtake agreement with 12 major petroleum marketing companies to distribute between 60 million and 65 million litres of Premium Motor Spirit (petrol) daily across the country, in a move expected to stabilise supply and deepen Nigeria’s fuel self-sufficiency. President of the Dangote Group, Aliko Dangote, disclosed this in…
Group Chief Executive Officer of NNPC Limited, Bayo Ojulari, has described the Dangote Refinery as a world-class facility equipped with modern technology and capable of making significant impact on Nigeria’s economy and the global energy market. Ojulari made the remarks while addressing journalists after inspecting several sections of the refinery, including the master control room,…
Nigerian National Petroleum Company Limited (NNPC Ltd) has announced plans to increase gas supply by an additional 1.8 billion cubic feet per day (bcf/d) in 2026 to meet growing domestic demand The company disclosed this in Abuja while hosting members of the Nigeria Guild of Editors, stating that its subsidiaries—NNPC Upstream Investment Management Services (NUIMS)…
The Managing Director, TotalEnergies EP Nigeria Limited, Mathieu Bouyer, has reaffirmed the company’s commitment to expanding Nigeria’s energy supply while reducing the carbon intensity of its operations. Mr Bouyer made the remarks during a panel session titled “Capitalising on Africa’s Global Upstream Momentum” at the 9th Nigeria International Energy Summit (NIES 2026), held on Wednesday,…
The world’s richest black person, Aliko Dangote, has appointed her daughters to major positions in the multi-billion global business group. Halima Aliko Dangote was appointed Group Executive Director, Dangote Family Office & International Offices (Dubai & London). Halima will continue to lead the establishment and maturation of the Dangote Family Office in Dubai, ensuring the…
The Dangote Refinery did not meet its projected domestic supply target of 50 million litres of Premium Motor Spirit, PMS, per day in January 2026, according to figures released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA. Data in the regulator’s January 2026 industry report showed that the 650,000-barrel-per-day facility delivered an average…
reducing Nigeria’s dependence on imported PMS. In December 2025, the refinery projected it could supply up to 50 million litres of PMS daily between December 2025 and January 2026. Management has optimized its Crude Distillation Unit and Motor Spirit production block, stabilizing steady-state operations. A 72-hour performance test run is underway with technology licensor UOP…
