…as Meren Energy deepens nigeria investment commitment The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the 2026 Licensing Round will commence no later than the third quarter of 2026 following approval by the Minister of Petroleum Resources, signaling the Federal Government’s continued drive to attract investment into Nigeria’s oil and gas sector. The…
…as expansion targets1.4m bpd By Seun Ibiyemi Dangote Petroleum Refinery has achieved a major operational milestone after increasing its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its installed nameplate capacity of 650,000 bpd. The feat was recorded during a performance test conducted by the refinery’s Process Licensors, underscoring the facility’s engineering…
By Seun Ibiyemi Minister of Power, Mr. Joseph Tegbe, has commended the Transmission Company of Nigeria (TCN), Niger Delta Power Holding Company (NDPHC), and Abuja Electricity Distribution Company (AEDC) for their commitment to strengthening Nigeria’s power infrastructure and improving electricity supply across the country. In a statement issued on Wednesday in Abuja, the minister praised…
By Seun Ibiyemi Normal operations have resumed at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) following the suspension of a one-day industrial action by workers after successful negotiations between management and labour unions. The commission announced on Tuesday that the strike, which lasted about 12 hours, was called off on Monday night after discussions involving…
By Seun Ibiyemi Nigeria’s oil and gas production remains unaffected despite the ongoing industrial action by workers of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which has disrupted administrative operations at the commission’s offices nationwide. The assurance came on Monday as members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) continued…
…as Nigerian firms dominate sector By Seun Ibiyemi Renaissance Africa Energy Company has emerged as Africa’s leading independent oil and gas producer, reinforcing Nigeria’s growing dominance in the continent’s upstream petroleum sector. The ranking was contained in a new report by global energy intelligence firm Wood Mackenzie and published in The Edge, which listed Renaissance…
By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has extended the ongoing maintenance work on the Jos-Bauchi-Gombe 330kV single-circuit transmission line until June 30, 2026, to enable the completion of the installation of Optical Ground Wire (OPGW) along the corridor. The development means that electricity consumers in parts of the North-East and North-Central regions…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded a significant increase in revenue and profitability in April 2026, driven by higher crude oil production and improved operational performance. According to the company’s April 2026 operational and financial report released over the Weekend, revenue surged to N4.97 trillion in April from N2.77…
By Seun Ibiyemi Nigerian National Petroleum Company Limited (NNPCL) has announced a strategic partnership with the African Export-Import Bank aimed at advancing energy development and industrialisation across the continent. According to a statement issued on Monday, the collaboration was discussed during a meeting held last week between the Group Chief Executive Officer of NNPC Ltd.,…
By Seun Ibiyemi Nigeria has cancelled $717.7 million in undisbursed funding under the World Bank-backed Power Sector Recovery Performance-Based Operation (PSRO), dealing a major blow to efforts aimed at restoring financial sustainability in the country’s electricity sector amid worsening tariff deficits, foreign exchange pressures, and persistent operational inefficiencies. According to a World Bank restructuring paper…
