Africa’s oil sector is entering a defining decade with landmark refineries under construction and about $100 billion in investments at stake. Still, the continent faces an important choice of remaining dependent on imports or building resilient refining capacity to secure its energy future, The post Read More
Shareholders rue impact of rising energy cost on FMCG sector
Shareholders have raised concerns over the escalating cost of energy in Nigeria, warning that the development is threatening the fragile recovery of manufacturing companies, particularly those in the fast-moving consumer goods (FMCG) sector, whose profits had earlier been eroded by Read More
Oil theft nearly wiped out — GCEO NNPC
Nigerian National Petroleum Company (NNPC) Limited says a coordinated campaign by defence and intelligence agencies has nearly wiped out pipeline theft, restoring confidence in the country’s crude evacuation network. Group Chief Executive Officer of NNPC, Bayo Ojulari, told a regional Read More
NNPCL deducts N235.6b in seven months for oil search in North, frontier basins
The Nigerian National Petroleum Company Limited (NNPCL) has deducted a total of N235.6 billion between January and July 2025 from the Frontier Exploration Fund (FEF), in line with the provisions of the Petroleum Industry Act (PIA), according to the company’s Read More
PETAN honours SNEPCo MD
The Petroleum Technology Association of Nigeria (PETAN), yesterday, presented an Award of Excellence to the Managing Director of Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Ronald Adams, commending the company The post PETAN honours SNEPCo MD appeared first on Read More
NLNG seals pact with gas suppliers to aid production, expansion
NLNG has announced the signing of long-term Gas Supply Agreements (GSAs) with six third-party gas suppliers in a strategic move to strengthen feed gas supply to its existing trains on Bonny Island and support the Company’s expansion drive. The post Read More
Firm supports circular economy, collects 40 tonnes of plastic waste
In its commitment to a cleaner and healthier environment, Rite Foods Limited has removed 40 tonnes of plastic waste from the Lagos metropolis during the global Plastic Free July campaign. The post Firm supports circular economy, collects 40 tonnes of Read More
Power firm petitions EERC, seeks review of tariff reduction order
The last is yet to be heard about the recent order by the Enugu Electricity Regulatory Commission (EERC) reducing tariff for Band A customers in the state, which plunged many residents into darkness. The post Power firm petitions EERC, seeks Read More
FG seeks $23b boost for renewable energy target
Nigeria is seeking an estimated $23 billion to drive a nationwide renewable energy push that could transform electricity access for more than 119 million people, boost economic productivity, and reduce dependence on fossil fuels. The post FG seeks $23b boost Read More
Rainoil expands logistics fleet with 45,000MT Princess Oge tanker
Rainoil Limited has strengthened its petroleum distribution capacity with the reception of MT Princess Oge, a 45,000-metric-ton oil product tanker that berthed in Nigerian waters on Wednesday. The Japan-built vessel, which has a deadweight tonnage of 45,996MT, successfully discharged 20,000MT Read More