• December 26, 2024
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FCCPC Urges Consumer-Centric Approach to Metering by Nigerian DisCos amid Transition from Obsolete Meters

FCCPC Urges Consumer-Centric Approach to Metering by Nigerian DisCos amid

November 6, 2024

Mr. Tunji Bello, Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), has underscored the responsibility of Nigeria’s Electricity Distribution Companies (DisCos) to prioritise consumer rights in the ongoing efforts to upgrade Nigeria’s electricity metering system. Speaking at an emergency stakeholders’ meeting in Abuja on Tuesday, Mr. Bello emphasized the need for […]Read More

Global Oil Prices Steady Amid US Election and Key Policy Meetings

Global Oil Prices Steady Amid US Election and Key Policy

November 5, 2024

The global oil market has remained steady despite the 2024 US presidential election, with prices for key crude benchmarks, West Texas Intermediate (WTI) and Brent crude, showing little movement. WTI is currently trading at $71.83 per barrel, reflecting a small 0.36 percent change, while Brent crude stands at $75.48, with just a 0.40 percent fluctuation. […]Read More

Dangote Refinery Denies Receiving Payments from IPMAN, Clarifies No Direct Dealings

Dangote Refinery Denies Receiving Payments from IPMAN, Clarifies No Direct

October 31, 2024

The Dangote Petroleum Refinery has clarified that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for refined petroleum products. In a statement issued by Anthony Chiejina, Group Chief Branding and Communications Officer of the Dangote Group, the refinery stated that discussions with IPMAN are still ongoing. “It is […]Read More

IPMAN Claims Inability to Load Petrol from Dangote Refinery Despite ₦40bn Payment to NNPC

IPMAN Claims Inability to Load Petrol from Dangote Refinery Despite

October 30, 2024

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that its members are unable to load petrol from the Dangote Refinery in Lagos, despite having paid ₦40 billion to the Nigerian National Petroleum Company Limited (NNPCL). IPMAN President Abubakar Garima made this statement during an appearance on Channels Television’s Sunrise Daily programme on Wednesday. […]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

Nigeria Invests $75m in CNG Infrastructure to Boost Clean Energy

Nigeria Invests $75m in CNG Infrastructure to Boost Clean Energy

October 28, 2024

The Federal Government has allocated over $75 million to develop Compressed Natural Gas (CNG) infrastructure as part of its drive to expand clean energy solutions across Nigeria. This announcement was made by Mrs. Olu Verheijen, Special Adviser to President Bola Tinubu on Energy, during the 18th OTL Africa Downstream Energy Week in Lagos, reported the […]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

Dangote Invests $280m in CNG Trucks, Infrastructure

Dangote Invests $280m in CNG Trucks, Infrastructure

October 28, 2024

Dangote Cement Plc has now become Nigeria’s leading operator of compressed natural gas (CNG) trucks after investing over $280 million in advanced technology and infrastructure. The company stated that this substantial investment of over $280 million not only cements its position in the CNG sector but also highlights its commitment to tackling climate change and […]Read More

FG Approves Crude Oil Exploration in Kogi State

FG Approves Crude Oil Exploration in Kogi State

October 25, 2024

The Federal Government, through the Ministry of Petroleum Resources, has approved support for Kogi State’s request to commence crude oil exploration. Heineken Lokpobiri, the Minister of State for Petroleum Resources, welcomed Kogi State’s governor during a courtesy visit to his office in Abuja on Thursday. Lokpobiri noted that, as a key central state, Kogi will […]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

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