The Managing Director of the Niger Delta Power Holding Company (NDPHC), Engr. Jennifer Adighije, has commended President Bola Ahmed Tinubu for his administration’s commitment to revamping Nigeria’s power sector, following his recent approval of the defrayment of the ₦4 trillion legacy debts owed to generation companies (GenCos). Recall that in July 2025, President Tinubu met…
The Nigerian UPstream Petroleum Regulatory Commission, NUPRC, says it has implemented series of transformative and regulatory interventions designed to reposition Nigeria’s upstream sector for competitiveness, resilience and sustainable growth, adding that through these efforts, the Commission is not only driving the rebound of the oil and gas industry, but also shaping Nigeria’slong-term energy future. The …
The Nigerian UPstream Petroleum Regulatory Commission, NUPRC, says it has implemented series of transformative and regulatory interventions designed to reposition Nigeria’s upstream sector for competitiveness, resilience and sustainable growth, adding that through these efforts, the Commission is not only driving the rebound of the oil and gas industry, but also shaping Nigeria’s long-term energy future….
The Nigerian Content Development and Monitoriong Board (NCDMB), and Nigerian Export Import Bank (NEXIM) have distributed about $42million loans to Small and Medium Enterprises (SMEs) to boost local participation in the oil and gas industry. The Head, Specialized Business at NEXIM, Muhammed Z. Awami, made the disclosure during a panel session at the NCDMB stakeholders’…
In a statement, Benjamin Hundeyin, force spokesperson, said the police suspended the enforcement of the policy out of consideration for Nigerians and the Nigerian Bar Association (NBA). Despite a court order asking for a suspension of the policy, Hundeyin insisted that “no clear” court order stopped the enforcement of the tinted glass permit policy. The…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled a comprehensive Gas Development Roadmap aimed at unlocking over 55 trillion cubic feet of uncommitted gas reserves and attracting billions of dollars in new investments across Nigeria’s gas value chain. According to the Commission, the initiative has already attracted about $4.9 billion in capital expenditure (CAPEX)…
Eko Electricity Distribution Company (EKEDC) has announced a major restructuring of its operations with the creation of a new subsidiary, Excel Electricity Distribution Company Limited, which will exclusively handle power distribution across Lagos State. In a statement, the General Manager, Corporate Affairs, Mr. Babatunde Lasaki, said the establishment of the new subsidiary was in full…
The Transmission Company of Nigeria announced a four-day blackout in Lekki, Ikoyi, Jakande, and surrounding parts of Lagos State. TCN’s spokesperson, Ndidi Mbah disclosed this in a statement on X on Wednesday. The outage, which is expected to take effect on October 11, 12, 18, and 19, 2025, would last for eight hours daily. According…
The BRICS plan to replace the US dollar gained serious momentum when Russia hosted the 2025 Moscow Financial Forum and announced a dedicated precious metals exchange. This platform allows countries to settle payments in gold, platinum, diamonds, and also rare earth minerals, bypassing Western systems like the London Metal Exchange and SWIFT entirely. The BRICS…
The Palace of the Oba of Benin has rejected the introduction of the “Iyaloja” title into Edo State’s market system. The Palace said the Iyaloja title is alien to Benin culture and potentially disruptive to peace and tradition. This was disclosed in a statement issued by the Benin Traditional Council (BTC) and authorized by His…
