Nigeria could tap 1.7 billion barrels in new oil supply as well as 7.7 trillion cu ft of natural gas after the approval of 43 field development plans this year. The figures were reported by the chief executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, as quoted by Nigerian media. The executive added…
The Enugu Electricity Distribution Company, EEDC, has commenced the second phase of its free prepaid metre distribution under ‘Tranche B’ of the Metre Acquisition Fund, MAF, metering programme. MAF is a metering initiative instituted by the Nigerian Electricity Regulatory Commission, NERC, to close the existing metering gap in the sector and put an end to…
Shell has challenged its defeat in an arbitration case against U.S. liquefied natural gas producer, Venture Global, in the New York Supreme Court, a legal filing seen by Reuters shows, weeks after rival BP (BP.L), opens new tab won a similar $1 billion-plus arbitration.Both arbitration cases were over Venture Global’s (VG.N), failure to deliver liquefied…
Monday Okpebholo, governor of Edo state, has revoked the certificate of occupancy (C-of-O) previously granted to the Museum of West African Art (MOWAA). The revocation comes after growing public discontent and objections from Oba Ewuare II, the Oba of Benin, over the demolition of the Central Hospital in Benin City to make way for the…
The Nigerian Upstream Petroleum Regulatory Commission has announced the commencement of the 2025 Licensing Round, effective December 1, 2025. The commission’s Chief Executive, Gbenga Komolafe, made the announcement at the NUPRC’s Project 1MMBOPD Additional Production Investment Forum in London on Tuesday. In a statement issued on Tuesday, the NUPRC Head, Media and Strategic Communication, Eniola…
A Public analyst, Ezenwa Nwagwu, has urged the Nigerian government to suspend its recently approved 15 per cent import tariff on premium motor spirit and automotive gas oil. Nwagwu, who made the call on Monday, noted that by taxing imported fuel at this critical stage, the government risks creating artificial scarcity, causing inflation, and undermining…
The Eko Electricity Distribution Company (Eko DisCo) has launched the second phase of its free prepaid meter rollout across its franchise areas, reaffirming that customers will not be charged any fees for installation, processing, or registration. The initiative, part of Eko DisCo’s broader commitment to transparency, customer protection, and billing accuracy, aims to close the…
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, says Nigeria’s upstream oil sector has witnessed a great turn around in the last four years, as the country’s active rig count soared from eight in 2021 to 69 as of October 2025. A statement on Saturday also noted that Komolafe has been…
The President of the Trade Union Congress, Festus Osifo, has warned that the Federal Government’s proposed 15 per cent import duty on Premium Motor Spirit otherwise known as petrol could further worsen the living conditions of Nigerians. Speaking on Channels Television’s ‘TUC Half Hour’ monitored by our correspondent on Wednesday, Osifo said the union was…
The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe, has expressed delight over the impending increase in oil production. The CCE shared his view during an official visit to Dubai Drydocks World (DDWD) in the United Arab Emirates as part of regulatory oversight of the EMEM Floating Production Storage…
