President Bola Tinubu has approved the cancellation of a substantial portion of the Nigerian National Petroleum Company Limited (NNPC Ltd)’s outstanding debts owed to the Federation Account. The decision was detailed in a document by the Nigerian Upstream Petroleum Regulatory Read More
FG signs MoU with Chinese firm to localise CNG, EV infrastructure manufacturing
The Federal Government has signed a Memorandum of Understanding (MoU) with Chinese infrastructure and Internet of Things (IoT) solutions provider, You Jie Te Environment Technology Ltd (YJT), to localise the manufacturing and assembly of Compressed Natural Gas (CNG) and electric Read More
How NNPC Foundation can transform Nigeria’s oil wealth to lasting public good
By any honest measure, the Nigerian National Petroleum Company Limited (NNPC Ltd.) bears one of the most damaged public reputations in the The post How NNPC Foundation can transform Nigeria’s oil wealth to lasting public good appeared first on The Read More
FG, RSE Energy partner on embedded power solutions for industries
The Federal Government has entered into a Memorandum of Understanding (MoU) with RSE Energy to deploy off-grid and embedded power solutions for industrial clusters nationwide. The agreement is aimed at addressing persistent energy constraints that have continued to undermine industrial Read More
Why Africa’s downstream sector is the next global investment frontier
Investors do not chase potential – they chase predictability. Africa has plenty of the former while it is steadily building the foundations The post Why Africa’s downstream sector is the next global investment frontier appeared first on The Guardian Nigeria Read More
Oil firm secures $430m RBL financing amid tight capital markets
Investors may be pushing for well-structured upstream assets in Africa as Chappal Energies’ closed a combined $430 million reserve-based The post Oil firm secures $430m RBL financing amid tight capital markets appeared first on The Guardian Nigeria News – Nigeria Read More
Nigeria anticipates resumed oil production in Ogoniland
Nigeria is intensifying efforts to resume crude oil production in Ogoniland, signaling a potentially consequential shift in one of the The post Nigeria anticipates resumed oil production in Ogoniland appeared first on The Guardian Nigeria News – Nigeria and World Read More
PANDEF endorses Tinubu’s oil sector reforms
The Pan-Niger Delta Forum (PANDEF) has formally endorsed the ongoing reforms in Nigeria’s oil and gas sector under President Bola Ahmed Tinubu, describing recent developments as a decisive break from years of policy drift and regulatory uncertainty in the industry. Read More
FG urged to review oil sector divestment policies
An environmental justice advocacy group, the MIIDEEKOR Environmental Development Initiative (MEDI), has urged the incoming leadership of Nigeria’s petroleum regulatory agencies to urgently review and reform oil sector divestment policies. The organisation warned that existing practices are worsening environmental injustice Read More
GEF stakes $372m on tackling environmental challenges in Nigeria, others
The Global Environment Facility (GEF) has announced the approval of more than $372 million in new funding to implement 36 innovative programmes and projects aimed at addressing urgent environmental challenges across Africa.. The post GEF stakes $372m on tackling environmental Read More