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DocumentaryExtractive IndustryLocal ContentNewsOilUpstream

Local Content: Senate Committee to summon IOCs, agencies for economic diversification beyond crude oil

  Oredola Adeola   The Natasha Akpoti-Uduaghan-led Senate Committee on Local Content is set to summon international oil companies and relevant government agencies to ensure they contribute significantly to the…

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February 10, 2024
DistributionImpactNewsPower

NERC sanctions 11 DisCos over non-compliance with capping of estimated bills for unmetered customers

Oredola Adeola   The Nigerian Electricity Regulatory Commission (NERC) has placed a heavy sanction on all eleven electricity Distribution Companies (DisCos) with a total fine of N10.5 billion for failing…

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Admin
February 10, 2024
DistributionGenerationNewsPowerTransmission

FG proposes settling domestic gas in Naira to tackle frequent power outages

Oredola Adeola   The Nigerian government has taken a strategic step to address a critical gas supply shortage threatening the operation of electricity generation companies (GenCos) with the proposal before…

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February 9, 2024
DownstreamExtractive IndustryImpactNewsOil & GasUpstream

Oyedele fiscal policy Committee teams up with NEITI to drive oil, gas, extractive industry transparency

  Oredola Adeola   The Presidential Committee on Fiscal Policy and Tax Reforms (PCFPTR) has agreed to partner with the Nigeria Extractive Industries Transparency Initiative (NEITI) to leverage the findings…

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February 9, 2024
DownstreamImpactOil & Gas

NLC, TUC give FG 14 days to lessen economic impact of fuel price hike, Naira devaluation

  Oredola Adeola   Following the Federal Government's failure to implement the 16-point agreement agreed on October 2, 2023, the Nigeria Labour Congress and the Trade Union Congress have given…

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Admin
February 8, 2024
GasNewsOil & GasUpstream

NNPC Ltd. finally agrees to CBN oversight of oil sales revenue

  Oredola Adeola   The Nigerian National Petroleum Company Limited (NNPC Ltd.) has agreed to the Federal Government's directive for the Central Bank of Nigeria (CBN) to oversee the management…

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February 8, 2024
News

Court orders Tinubu to regulate petroleum products, essential goods within seven days

Oredola Adeola   The Federal High Court in Lagos has issued a directive to the administration of President Bola Tinubu to regulate the prices of Premium Motor Spirit (petrol), Diesel,…

Admin
Admin
February 8, 2024
GasNewsOil & GasUpstream

NNPCL, TotalEnergies, partners commence oil production from Akpo West Field, add 14,000bpd  to Nigeria’s output

The Nigerian National Petroleum Company Limited (NNPC Ltd.) TotalEnergies and partners have commenced crude oil production from the Akpo West Field, adding about 14,000 barrels per day of condensate to…

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February 8, 2024
EnvironmentGreen FinanceImpactNewsPowerRenewables

NSIA, UK FCDO, partners launch Green Guarantee Company, with $1bn guarantee to mobilize climate finance for developing countries

  Oredola Adeola   The world's first climate-focused guarantee company, the Green Guarantee Company (GGC), has been launched by the Nigeria Sovereign Investment Authority (NSIA) alongside the United Kingdom’s Foreign,…

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February 7, 2024
AdvertorialDistributionPower

Ikeja Electric attains triple certification in quality, environmental, safety management systems

Oredola Adeola Ikeja Electric Plc Integrated Management System (IMS) has been simultaneously recertified with three major certifications - ISO 9001:2015 for Quality Management Systems, ISO 14001:2015 for Environmental Management Systems,…

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February 6, 2024
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