Seplat Energy Plc has committed to leading innovations in Nigeria’s energy sector, especially in the oil and gas industry, through technological advancement. At the just concluded Seplat Technology Summit in Lagos, Roger Brown, the Chief Executive Officer of Seplat Energy, emphasised the vital role of technological advancements in advancing the energy sector. Brown, who was […]Read More
The Federal Government has directed the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to the Dangote Refinery exclusively in naira, in a bid to boost the local currency and promote domestic economic activities. Bayo Onanuga, the special adviser to President Bola Tinubu on information and publicity, said on Tuesday that the Federal […]Read More
The Nigerian Bulk Electricity Trading Plc (NBET) is set to exit the electricity market as the Nigerian Electricity Regulatory Commission (NERC) licenses multiple firms. These firms are to buy and sell electricity in bulk from the power generation companies (GenCos). This is according to an order signed by NERC Chairman Sanusi Garba and Dafe Akpeneye, […]Read More
Dangote Cement Plc is set to introduce 1,500 Compressed Natural Gas (CNG) delivery trucks into its Nigerian operations, aiming to promote cleaner energy usage in the country. Arvind Pathak, Group Managing Director of Dangote Cement, announced this initiative during the company’s virtual conference call with investors and analysts. “We are acquiring 1,500 CNG trucks and […]Read More
Aliko Dangote, Chairman of Dangote Refinery, erred in depending on the Nigerian National Petroleum Company (NNPC) Limited for crude supply, said Olabode Sowunmi, a consultant to the Nigerian parliament on gas and power, at the Continental Energy Investment Forum 2024 in South Africa. “Dangote made a mistake in the calculation which most businessmen shouldn’t do,” […]Read More
The Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Company (NNPC) Limited no longer owns a 20 percent stake in Dangote Refinery. Dangote made this known during a press briefing at the refinery on Sunday. The business mogul revealed that the Nigerian oil company now owns only […]Read More
The operator of the Jerun field in Malaysia, SapuraOMV Upstream Sdn Bhd, has announced that the first gas has been achieved. Shell plc has a 30 percent equity stake in the field, through its Malaysian subsidiary, Sarawak Shell Berhad, and made a final investment decision on the development in 2021. The field is located around […]Read More
The United States Agency for International Development and the Federal Ministry of Power signed a memorandum of understanding on Wednesday to affirm Nigeria’s dedication to electricity sector reforms, ensuring market transparency, liquidity, and expanding access to affordable power. The MOU was signed by USAID/Nigeria Mission Director Melissa Jones and the Permanent Secretary of the Federal […]Read More
Seplat Energy Plc saw a significant drop on the Nigerian Exchange (NGX) today, with its share price decreasing by 8.30 percent to end at N3,480. This fall also led to a reduction in market capitalization by N185.16 billion. The decline in Seplat Energy’s stock was a key factor in the Nigerian Exchange’s overall decrease of […]Read More
Nigeria has substantially decreased the sulphur content in its imported diesel, according to the National Midstream Downstream Petroleum Regulatory Authority (NMDPRA), as reported by Argus. This action occurs amidst ongoing discussions about the quality of diesel available in the local market. George Ene-Ita, NMDPRA spokesman, informed Argus that due to enforcement and compliance by importers, […]Read More
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