The Federal Ministry of Steel Development has signed a joint strategic cooperation declaration for the establishment of a $400 million modern steel plant in Ewekoro, Ogun State. The agreement with Inner Galaxy Group’s Stellar Steel Company Limited is part of ongoing efforts by the government to accelerate Nigeria’s industrialisation. The minister of Steel Development, Prince…
The Federal government says a targeted electricity subsidy is being developed to protect vulnerable households while ensuring the long-term commercial viability of the industry. The Minister of Power, Adebayo Adelabu, who made the disclosure at the Nigeria Energy Forum in Lagos, said that the government would also introduce a minimum capital adequacy requirement for distribution…
Seplat Energy Plc, leading Nigerian independent energy company, has held the 2025 Annual Media Training Programme in Abuja, in line with the company’s commitment to media excellence, entrepreneurship and economic well-being. A press statement Mr. Stanley Opara, Manager Corporate communications, says the training programme, which had in attendance 50 journalists, brought together media professionals in…
As part of efforts to address the metering gaps in the power sector, the Federation Account Allocation Committee (FAAC), has secured N7000BN, under the Presidential Metering Initiative (PMI) to deploy 1.1 million meters by the end of 2025, and 2 million meters annually for the next five years. This is to complement the 3.2 million…
The NNPC Ltd has reiterated its commitment to the development and revamping of downstream across the country to enhance collaboration and drive efficiency in the sector. Group Chief Executive Officer, Engr. Bayo Ojulari, stated this at the opening ceremony of the 2025 OTL Africa Downstream Energy Week in Lagos. NNPC boss who was represented at…
The minister of state for petroleum Resources (Oil), Senator Heineken Lokpobiri says Nigeria’s downstream sector is gradually stabilising, following the removal of fuel subsidy and the liberalisation of petroleum product pricing, describing the development as a bold and necessary step to attract private sector investment. The Minister, who made this known at the opening session…
The Chairman, Advisory Board of of OTL, Africa, Downstream Energy Week, Otunba Adetunji Oyebanji, says Energy sustainability is not just about preserving resources, but it is also building an industry that is competitive, responsible, and adaptable to a rapidly changing global environment. Otunba Oyebanji stated this at the opening session of the 19th OTL Africa…
This year’s edition of the Africa Downstream Energy Week, tagged “OTL 2025” is expected to feature ministerial and regulatory panels involving five West African countries, with over 60 speakers across ten strategic sessions addressing issues around investment, finance, technology, corporate realignment and sustainability. The Chairman of the Advisory Board, Otunba Adetunji Oyebanji, made this known…
When the Nigerian Electricity Regulatory Commission (NERC) unveiled a N28 billion bailout for electricity distribution companies last month, the announcement landed with both optimism and fatigue. The funds are earmarked to procure and install meters for customers in tariff Bands A and B, at no cost to consumers. The move is part of the broader…
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said investor confidence is back in Nigeria’s oil sector. The Minister commended the Nigerian Upstream Petroleum Regulatory Commission, NUPRC for changing the narrative in upstream activities by restoring confidence in line with the Petroleum Industry Act (PIA), 2021, which he said is evident in…
