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
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
FG to reconnect aluminium smelting plant in Akwa Ibom to national grid
The Federal Government has announced plans to reconnect the Aluminium Smelting Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State, to the national grid, in a move expected to unlock 540 megawatts of power when the facility becomes fully Read More
FG seals $1b private investment for CNG expansion
The Federal Government has sealed a private investment worth $1 billion for the expansion of Nigeria’s Compressed Natural Gas (CNG) sector. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, disclosed this on Thursday during the launch of the Read More
Nigeria to expand gas infrastructure with 10 indigenous energy firms
The Federal Government, through the Midstream and Downstream Gas Infrastructure Fund (MDGIF), created with the Petroleum Industry Act (PIA), has signed joint venture investment agreements with nine companies with the aim of expanding gas infrastructure in the country. The companies—ANT Read More
FG bans 60,000-litre petrol tankers as accidents claim 3,500 lives
Nigeria may face a tanker shortage as the Federal Government on Wednesday disclosed plans to ban 60,000- and 45,000-litre capacity trucks. While most tankers hauling petroleum products across the country are around 45,000 litres, the Nigerian Midstream and Downstream Petroleum Read More
Halt Shell, TotalEnergies’ divestments, Reps tell FG
The House of Representatives has called on the Federal Government to halt the divestment of oil assets by Shell and TotalEnergies The post Halt Shell, TotalEnergies’ divestments, Reps tell FG appeared first on The Guardian Nigeria News – Nigeria and Read More
FG launches $23b power plan
The Federal Government has announced a $23.2 billion energy access programme aimed at resolving Nigeria’s persistent power crisis, with $15.5 billion expected from private sector investments. The plan, unveiled by Minister of Power, Adebayo Adelabu, seeks to significantly increase electricity Read More
NAPE hails $5b Bonga FID, FG’s energy security plans
The Nigerian Association of Petroleum Explorationists (NAPE) has commended the evolving dynamics in the energy sector, coupled with proactive government policies aimed at attracting investment into the oil and gas industry for national economic growth. It describes the efforts as Read More
FG must probe Shell’s $173.8b unaccounted revenue, MOSOP insists
The Movement for the Survival of the Ogoni People (MOSOP) has called on the Federal Government to probe Shell Petroleum Development Company of Nigeria Limited (SPDC) over an estimated $173.8 billion allegedly concealed by the firm during its operation in Read More