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…
provides roadmap to $3.4tn continental market The Nigerian Content Development and Monitoring Board has outlined a practical framework for positioning Nigeria’s energy sector to access the African Continental Free Trade Area, following a strategic webinar focused on meeting rules-of-origin requirements for continental trade. The Board held a pre-conference webinar on Wednesday ahead of the Nigeria…
The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, has emphasized the need for consistent and harmonized regulatory policies as a critical tool for attracting investments into the petroleum industry. According to Eyesan, investors are not deterred by African geology, but by inconsistent rules. Eyesan who was represented by Edu…
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…
Dangote Industries Limited (DIL) has signed gas supply agreements with the Nigerian National Petroleum Company (NNPC) Limited for three of its subsidiaries. The move is said to be part of efforts to meet the growing energy needs of DIL’s expansion projects. The agreements, according to a statement on Sunday, were signed during the unveiling of…
The Minister of Federal Capital Territory (FCT), Chief Nyesom Wike, has inaugurated 9.4-kilometre Ogu Community Road Network and a 1,500-seater Royal Hall built by the Niger Delta Development Commission (NDDC) in Ogu, Ogu-Bolo Local Government Area of Rivers State. Speaking at the inauguration of the two projects, Wike said they were further demonstrations of the…
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…
The National Industrial Court of Nigeria (NICN) in Abuja has overturned the suspension of some staff members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). The court also ordered the dissolution of the caretaker committee constituted by the Central Working Committee…
