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DownstreamNewsOil & Gas

NNPC denies petrol price hike, says cause of supply tightness resolved!

  .. "avoid panic buying, products are sufficient in the country"- Soneye urges motorists Oredola Adeola   The Nigerian National Petroleum Corporation Limited (NNPC Ltd.) has urged Nigerians to disregard rumors…

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April 25, 2024
EnvironmentFinanceGasImpactNewsOil & GasSustainability

FG offers additional N20.5 bn for completion of 35.7km Bonny-Bodo Road project by December 2024

... "Accept offer or face contract termination" - Minister of Works warns Julius Berger   Oredola Adeola with agency reports   Following a halt in the completion of the 35.7km…

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April 25, 2024
ConcessionExtractive IndustryMiningNewsUpstream

FG revokes 924 dormant mining licenses: 528 ELs, 20 MLs, 101 QLs, 273 SSMLs axed!

  ...Alake defends action, says "notices were issued to 963 mining licensees, 39 regularized their status"   Temitayo Ayoola   The Nigerian Government has revoked a total of 924 dormant…

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April 25, 2024
DistributionGenerationNewsPowerTransmission

Ondo takes over electricity regulation: NERC transfers power to OSERB in compliance with amended constitution, Electricity Act

...  Benin DisCo ordered to establish subsidiary for in-state electricity distribution in Ondo State   Oredola Adeola After eight months of engagement the Nigerian Electricity Regulatory Commission( NERC) has transferred…

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April 24, 2024
Extractive IndustryImpactLocal ContentNewsOil & Gas

President Tinubu reconstitutes 15-Man NEITI Board, appoints Akume as Chairman, NNPC GCEO, FIRS Chairman others as members

  ...confirms Dr. Orji's 5-year single-term tenure, ending in February 2025   Oredola Adeola President Bola Tinubu has approved the reconstitution of a 15-man National Stakeholders' Working Group (NSWG) for…

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April 24, 2024
ConcessionDocumentaryLocal ContentNews

Lokpobiri vows to investigate, expose $500m NCDMB funds allegedly misappropriated by Wabote

... says "I stand by my words" ...urges media to visit partners facilities, conducts independent validations of NCDMB projects executed by Wabote   Temitayo Ayoola   Sen. Heineken Lokpobiri, Minister…

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April 23, 2024
DownstreamLocal ContentMidstreamOil & Gas

Dangote refinery slashes Diesel, Aviation fuel ex-depot prices to ₦940, ₦980 per litre

... enters partnership with MRS Oil&Gas to sell Diesel at ₦1,050/l, Aviation Fuel at ₦980/l to customers   Oredola Adeola   Dangote Petroleum Refinery has reduced the price of diesel per…

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April 23, 2024
DistributionImpactNewsPower

EKEDC wins Energy Times’ Disco of the Year 2023

  Temitayo Ayoola   Eko Electricity Distribution Company (EKEDC) has been crowned the Distribution Company (Disco) of the year 2023, after outperforming its peers in several key performance indicators set…

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April 23, 2024
GasLocal ContentMidstreamNewsOil & GasUpstream

Axxela announces Final Investment Decision (FID) to develop 50 MMSCF/D gas processing plant

...  first phase (12 MMSCF/D modular plant) with interconnection pipeline network of about 4km ...  to commence operations by the end of 2024 ...targets abundant CNG for vehicles, decentralized power…

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April 23, 2024
ConcessionDistributionEnergy TransitionImpactNewsPower

Ekiti State Govt takes over electricity market oversight from NERC

... NERC orders Benin DisCo, Ibadan DisCo to establish subsidiaries for in-state electricity distribution in Ekiti State   Oredola Adeola The Nigerian Electricity Regulatory Commission (NERC) has handed over the…

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April 23, 2024
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