The Independent Petroleum Producers Group (IPPG) has lauded President Bola Tinubu for his bold policy reforms and visionary leadership in revitalising Nigeria’s energy sector. HIGHLIGHT At the 8th Nigeria International Energy Summit (NIES 2025) opening ceremony, Abdulrazaq Isa, IPPG Chairman, highlighted the administration’s role in driving industry advancements, restoring investor confidence, and positioning Nigeria as […]Read More
The Nigerian Federal Government (FG) has disclosed that it owes electricity generation companies (GenCos) and distribution companies (DisCos) over N4 trillion in debt. Adebayo Adelabu, the Minister of Power, made this revelation during the recent public presentation of the National Integrated Electricity Policy (NIEP) and Nigeria Integrated Resource Plan (NIRP) in Abuja. Adelabu explained that […]Read More
The Independent Petroleum Group (IPPG) has praised the federal government for successfully concluding divestment deals by International Oil Companies (IOCs) in Nigeria. According to the IPPG, these divestments have significantly increased the activities of indigenous companies, which now contribute approximately 50% to the country’s total oil production. Abdulrazaq Isa, Chairman of the IPPG, made these […]Read More
Nigerians may face petrol shortages in the coming days as the Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened a nationwide strike over unpaid bridging claims amounting to N100 billion. The association announced this plan during a press briefing in Abuja on Monday, issuing a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum […]Read More
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced a ban on 60,000-litre fuel tankers from operating on Nigerian roads, effective March 1, 2025 to mitigate truck-in-transit incidents. Speaking to journalists on Wednesday in Abuja, Ogbugo Ukoha, NMDPRA Executive Director, Distribution Systems, Storage, and Retailing Infrastructure, said the decision was made in response […]Read More
The Nigerian National Petroleum Company (NNPC) Ltd strongly refutes the false and misleading allegations made in a viral online video, which claims that NNPC fuel does not last. In a statement on Saturday by its spokesperson, Olufemi Soneye, the NNPC said this assertion is baseless and entirely unfounded, originating from unverified and amateur research that […]Read More
The Africa Energy Bank (AEB) to be hosted in Nigeria is expected to take off officially by the first quarter of this year, the Minister of State for Petroleum Resources (Oil) said Tuesday. Senator Heineken Lokpobiri made this known while giving a keynote address at the ninth edition of the Sub-Saharan Africa International Petroleum Exhibition […]Read More
The Dangote Petroleum Refinery, the largest in Africa, is on track to achieve its full production capacity of 650,000 barrels per day (bpd) within the next 30 days. Edwin Devakumar, the refinery’s Vice President, shared this update in an interview with Reuters on Monday. He highlighted the refinery’s progress since it began operations, marking a […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has refuted claims of an explosion at the Warri Refining and Petrochemical Company (WRPC). In a statement released on Friday, Olufemi Soneye, NNPC’s Chief Communications Officer, dismissed the reports as “completely false” and assured the public of the refinery’s operational stability. “NNPC Ltd. wishes to clarify that there […]Read More
The Nigerian National Petroleum Company Limited (NNPCL) and First Exploration & Petroleum Development Company Limited (First E&P) Joint Venture (JV) has successfully achieved a 96% reduction in routine flaring of associated gas (AG) from the Anyala (OML 83) and Madu (OML 85) fields. This is a significant stride towards supporting Nigeria’s commitment to reducing greenhouse gas […]Read More
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