• October 23, 2024
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Seplat Energy Appoints Eleanor Adaralegbe to Executive Director and CFO

Seplat Energy Appoints Eleanor Adaralegbe to Executive Director and CFO

April 29, 2024

The Board of Directors of Seplat Energy has appointed Eleanor Adaralegbe as Executive Director effective May 1, 2024. She will also be the Chief Financial Officer effective May 21, 2024.  According to the board,  Emeka Onwuka is set to retire as Executive Director of Seplat Energy effective May 1, 2024. The board revealed previously in the half-year 2023 financial […]Read More

Abuja DisCo Says Power Outage Due to Technical Faults

Abuja DisCo Says Power Outage Due to Technical Faults

April 29, 2024

Abuja Electricity Distribution Company (AEDC) has stated that the ongoing power outage affecting parts of Abuja is attributed to technical faults on several feeders in the region.  According to a statement released Monday in Abuja, the Abuja DisCo’s management identified the affected feeders as L36, H23, H33, and 8.  “This is to inform residents in […]Read More

Fuel Scarcity Persists Across Nigeria Despite NNPC Claims of Resolution

Fuel Scarcity Persists Across Nigeria Despite NNPC Claims of Resolution

April 29, 2024

Despite assurances from the Nigeria National Petroleum Corporation (NNPC) Limited that issues causing fuel scarcity have been resolved, the situation continues to deteriorate in Lagos, Ogun State, Abuja, and other parts of the country. Last week, NNPC spokesperson Olufemi Soneye issued a press release asserting that all factors contributing to fuel scarcity had been addressed, […]Read More

TotalEnergies Beats Q1 Profit Forecast Despite Lower Natural Gas Prices

TotalEnergies Beats Q1 Profit Forecast Despite Lower Natural Gas Prices

April 28, 2024

TotalEnergies has seen its first-quarter adjusted net income drop by 22% from a year ago, but the French supermajor’s adjusted earnings beat the consensus estimate. Stable oil prices and healthy refining margins failed to fully offset a decline in natural gas prices, but helped TotalEnergies beat analyst forecasts as it reported Q1 earnings on Friday. […]Read More

Future Energies Africa Owns 60% Stake in Kano DisCo – Company Clarifies

Future Energies Africa Owns 60% Stake in Kano DisCo –

April 27, 2024

Kano Electricity Distribution Company (Kano DisCo) has issued a statement refuting recent media reports suggesting the company is under the control of banks or the Asset Management Corporation of Nigeria (AMCON). Sani Sani, Kano DisCos’s head of corporate communication clarified that since November 2023, Future Energies Africa (FEA) Limited acquired a 60 percent controlling stake […]Read More

NNPC Inks Deal for 100,000bpd Facility at Port-Harcourt Refinery

NNPC Inks Deal for 100,000bpd Facility at Port-Harcourt Refinery

April 26, 2024

The Nigerian National Petroleum Company (NNPC) Limited has announced the signing of an agreement with African Refinery for a share subscription agreement with Port-Harcourt Refinery. According to the state-owned oil company, the agreement will see the co-location of a 100,000 barrels per day (bpd) refinery within the Port-Harcourt Refinery complex. This was made known in […]Read More

Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June

Standard Chartered: Global Oil Demand Will Pick Up Strongly In

April 25, 2024

Oilprice.com Oil prices have held steady week on week despite a significant inventory build in U.S. crude two weeks ago, which was countered by a draw in U.S. crude stockpiles for the week ending April 19th. Next to this, traders have become less concerned about a potential supply disruption in the Middle East. The crude inventory build at the […]Read More

FG Revokes 924 Dormant Mining Licences

FG Revokes 924 Dormant Mining Licences

April 24, 2024

The Federal Government has revoked 924 dormant licences spanning exploration, mining, small-scale mining, and quarrying.  Dele Alake, Minister of Solid Minerals Development, announced the revocation at a press conference on Wednesday.  According to him, this is done in furtherance of efforts to sanitise Nigeria’s mining sector.  He declared that in line with constitutional provisions, adequate […]Read More

Dangote Slashes Diesel Prices to N940, Marks Third Reduction

Dangote Slashes Diesel Prices to N940, Marks Third Reduction

April 23, 2024

Dangote Petroleum Refinery has further reduced the prices of Automotive Gas Oil, popularly known as diesel, to N940 per litre, making it the third time the company has reduced the prices of the commodity. The refinery also reduced the prices of aviation fuel to N980 per litre.  This is coming in the wake of its […]Read More

NNPC, JV partner target 12,000bpd from Awoba Unit Field in May

NNPC, JV partner target 12,000bpd from Awoba Unit Field in

April 23, 2024

The Nigerian National Petroleum Company (NNPC) Limited and Newcross Exploration and Production Ltd, its Joint Venture partner in the Awoba Unit Field, have targeted ramping up Awoba Unit Field to 12,000 barrels per day (bpd) in May. In a release signed by Olufemi O. Soneye, Chief Corporate Communications Officer of the NNPC Ltd., the state-owned […]Read More

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