NERC, in its latest quarterly report released this week, explained that these companies opted for self-generation licenses exceeding 1MW capacity exclusively for internal use, reflecting escalating frustration with grid unreliability. “Captive power plants above 1MW require NERC permits to ensure they operate solely for the license holder’s consumption without selling to third parties,” the regulator…
The Federal Government has redesignated the Armed Forces Remembrance Day, celebrated annually on January 15, to Armed Forces Celebration and Remembrance Day. The Director Defence Information (DDI), Maj.-Gen. Samaila Uba, explained in a statement on Thursday that the redesignation was to reflect the dual purpose of the day. “January 15 is set aside annually by…
The Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have renewed efforts to enhance regulatory efficiency and foster investments in Nigeria’s oil and gas sector, signalling a new era of cooperation between the two agencies. A statement signed by the Head of Media and Strategic Communication at NUPRC, Eniola…
The Ministry of Solid Minerals Development recorded a 337 per cent increase in revenue, rising to over N70 billion in 2025 from N16 billion in 2023, under the leadership of Minister of Solid Minerals Development, Dr Dele Alake. The development was disclosed by the Special Assistant on Media to the Minister, Segun Tomori, who attributed…
Petralon Energy, a Nigerian oil exploration and production company, appointed Uduak Equere as executive director effective Monday, as the independent producer seeks to capitalise on recent operational gains and position itself for expansion in Africa’s largest petroleum market. Equere, who joined Petralon as chief commercial officer, will retain that role while taking on group-level responsibilities…
President Bola Tinubu has written two letters to the senate seeking the confirmation of 21 nominees for the boards of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Nigerian Upstream Petroleum Regulatory Commission (NUPRC). In the first letter, Tinubu, according to a statement yesterday by his Adviser on Information and Strategy, Bayo Onanuga, nominated…
The board of Nigeria Liquefied Natural Gas Limited (NLNG) has approved the appointment of Adeleye Falade as the company’s new managing director and chief executive officer. The appointment was disclosed at a send-off ceremony held in Abuja last December to mark the end of the tenure of the incumbent managing director, Philip Mshelbila, whom Mr…
The Federal High Court in Abuja has ordered the Nigeria National Petroleum Company Limited to disclose details of the emergency $3bn “crude-for-cash” loan it obtained from the African Export-Import Bank. Delivering judgment in Suit No. FHC/ABJ/CS/1631/2023, Justice Emeka Nwite granted an order of mandamus in favour of the Human and Environmental Development Agenda Resource Centre,…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in its December 2025 National Liquid Hydrocarbon Production Report. On a month-on-month basis, national oil output also weakened, falling to 1.599 million bpd in November from 1.698 million bpd in October 2025, the data showed. According to the regulator, combined crude oil and condensate production in…
The Dangote Petroleum Refinery is set to face increased competition as at least 23 new refineries across Nigeria move closer to completion. Industry data released by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) revealed that the refineries, currently at different stages of development, are expected to add more than 850,000 barrels per…
