The Independent Petroleum Marketers Association of Nigeria has asked the Nigerian National Petroleum Company Limited to pay the long-held petroleum equalisation funds owed to its members. The marketers also urged the NNPC Group Chief Executive Officer, Bayo Ojulari, to clear the loading tickets of its members by supplying them with the petroleum products they paid…
The Nigerian Electricity Regulatory Commission has said that plans are ongoing to implement a net metering arrangement that will enable the export of excess power back into the national grid for commercial value. This commission said the value of solar panels imported into Nigeria in the first quarter of 2025 was N125.3bn, saying this reflects…
Eight key OPEC+ members, including Saudi Arabia and Russia, plan to increase oil production by 137,000 barrels per day starting next month, despite sliding oil prices and concerns about oversupply. This decision signals a shift towards prioritizing market share over price support, surprising markets and raising questions about the alliance’s unity amid geopolitical tensions and…
The Nigeria Union of Petroleum and Natural Gas Workers has insisted it is embarking on strike action on Monday, September 8, 2025, accusing management of Dangote Refinery of attempting to bring back slavery into Nigeria’s workforce. The union made this known in a statement by its President and General Secretary, Williams Akporeha and Afolabi Olufemi….
A ₦4 trillion bond program aimed at clearing debts owed to power generation companies (GENCOs) was announced by President Bola Tinubu, who appealed to the power companies to grant the federal government more time to complete the verification and validation of the longstanding debts. Bayo Onanuga, Presidential Spokesman, in a statement, said the President made…
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday inspected the ongoing training of 305 youths in specialised oil and gas industry skills at the Centre for Marine and Offshore Technology Development (CMOTD), Rivers State University (RSU). This was contained in a statement by the GM…
The Nigerian National Petroleum Company Limited says it generated a total revenue of N4.571tn in June 2025, sustaining its upward earnings momentum as crude oil and gas production recorded notable increases, the latest data from the national oil company has revealed. This is part of the NNPC Limited Monthly Report Summary for June released on…
The Seplat Energy’s Chief Executive Officer, Mr. Roger Brown, says indigenous oil companies have demonstrated the capacity and financial strength to take over and manage asset of multinational oil companies. This was contained in a statement signed by Stanley Opara, Manager, Corporate Communications, External Affairs & Social Performance, Seplat Energy Plc. Brown represented by the…
President of the Dangote Group, Alhaji Aliko Dangote, has announced plans to reduce the price of Liquefied Petroleum Gas, also known as cooking gas. He also promised to start direct sales of the product to consumers should the existing distributors fail to allow the price crash in cooking gas. However, operators in the sector have…
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…
