• March 13, 2025
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Dangote Urges Fuel Marketers to Collect Available Supply as Refinery Holds 500m Litres

Dangote Urges Fuel Marketers to Collect Available Supply as Refinery

October 29, 2024

Aliko Dangote, president of Dangote Group, announced on Tuesday that his refinery can meet Nigeria’s demand for petrol, noting that about 500 million litres are currently available but not being collected by fuel marketers. Speaking with State House journalists after a meeting with President Bola Tinubu and the Implementation Committee on the Sale of Crude […]Read More

FG Appoints Afreximbank as Intermediary for Naira-Based Crude Sales to Boost Local Refining

FG Appoints Afreximbank as Intermediary for Naira-Based Crude Sales to

October 29, 2024

The Federal Government has appointed the African Export-Import Bank (Afreximbank) to act as a financial intermediary for the recent naira-based policy for crude and refined petroleum sales introduced by President Bola Tinubu. Finance Minister and Economy Coordinator Wale Edun shared this development with reporters following a meeting with President Tinubu. Edun explained that Afreximbank, represented […]Read More

Ghana Eyes Fuel Imports from Nigeria’s Dangote Refinery for Cheaper Supply

Ghana Eyes Fuel Imports from Nigeria’s Dangote Refinery for Cheaper

October 28, 2024

The Ghanaian government is considering importing fuel from Nigeria’s newly launched Dangote Refinery in a bid to secure a more affordable fuel supply for its domestic market. Addressing the OTL Africa Downstream Oil Conference in Lagos, Mustapha Abdul-Hamid, Chairman of Ghana’s National Petroleum Authority, emphasised the potential influence the refinery’s output could have on Ghana’s […]Read More

NLC Blames IMF for Fuel Subsidy Hardship, Calls Denial Cynical

NLC Blames IMF for Fuel Subsidy Hardship, Calls Denial Cynical

October 28, 2024

The Nigeria Labour Congress (NLC) has condemned the International Monetary Fund (IMF) for denying any role in the Nigerian government’s recent decision to remove the petrol subsidy. The NLC called this denial “cynical,” viewing it as typical behaviour of the IMF and World Bank, which it claims have consistently pressured developing nations into adopting harsh […]Read More

Less Than 60% Nigerian Households Connected to National Grid – Report

Less Than 60% Nigerian Households Connected to National Grid –

October 24, 2024

Almost 60 percent of Nigerian household are connected to the national grid, a new report has revealed. Overall, 58.2 percent, indicating nearly 6 in 10 Nigerian households, from the surveyed states are connected to the national grid. The Nigeria Residential Energy Demand-side Report 2024 was published by the Nigerian government, which was done by the […]Read More

Adelabu Summons TCN, NERC Over Grid Collapses, Forms Investigative Committee

Adelabu Summons TCN, NERC Over Grid Collapses, Forms Investigative Committee

October 22, 2024

Adebayo Adelabu, the minister of power, has called an emergency meeting with the Nigerian Electricity Regulatory Commission (NERC) and the Transmission Company of Nigeria (TCN) following recent disturbances to the national grid, which resulted in widespread blackouts across the country. A statement released by Bolaji Tunji, the minister’s special adviser for strategic communication and media […]Read More

Shelf Drilling Secures $234 Million in Contracts for Nigerian Offshore Operations

Shelf Drilling Secures $234 Million in Contracts for Nigerian Offshore

October 21, 2024

Shelf Drilling, an Oslo-listed drilling contractor, has secured contracts worth around $234 million for two jack-up rigs set to operate off the coast of Nigeria. The Dubai-based company confirmed a three-year contract for its rig, the Shelf Drilling Achiever, with operations expected to begin in October 2024. The contract also includes an option to extend […]Read More

Hexing Livoltek Opens Facility in Nigeria to Boost Jobs, Clean Energy Solutions

Hexing Livoltek Opens Facility in Nigeria to Boost Jobs, Clean

October 21, 2024

Hexing Livoltek, a global leader in technology, has announced plans to establish a manufacturing facility in Nigeria, focusing on advanced metering systems and solar energy solutions. This move is expected to boost local employment while supporting Nigeria’s growing demand for renewable energy. The announcement was made during a luncheon attended by Adebayo Adelabu, the Minister […]Read More

Afenifere Urges NNPC to Address Soaring Energy Costs, Revive Refineries

Afenifere Urges NNPC to Address Soaring Energy Costs, Revive Refineries

October 20, 2024

The pan-Yoruba socio-political group, Afenifere, expressed concern on Saturday about the rising cost of energy, stating that it negatively affects not only the economy but also health and security. Afenifere’s comments follow the sharp increase in petrol prices, with a litre now costing between N1,000 and N1,400, while the price of cooking gas has risen […]Read More

Egbin Power Calls for Partnership to Boost Nigeria’s Energy Sector

Egbin Power Calls for Partnership to Boost Nigeria’s Energy Sector

October 20, 2024

Egbin Power, Nigeria’s largest power generation company, has highlighted the need for stronger collaboration among stakeholders in the energy sector to drive the country’s socio-economic growth. Speaking at the 2024 Nigeria Energy Conference in Lagos, Egbin Power’s CEO, Mokhtar Bounour, stressed the importance of unity in the sector during a panel session themed “Gas to […]Read More

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