Nigeria’s ongoing electricity sector reforms could face major setbacks if regulatory uncertainty and weak coordination between federal and state authorities are not urgently addressed, a new report by PricewaterhouseCoopers has warned. The report, titled “Priority Actions for the Successful Evolution of Nigeria’s Multi-Tier Electricity Market,” said the country’s transition toward a decentralised electricity system requires…
By Seun Ibiyemi The Ondo State Government has approved a leasing arrangement between the Ondo State Power Company (OSPC) and the Niger Delta Power Holding Company (NDPHC) for the utilisation of key electricity distribution infrastructure within the state, in a move that has reignited debate over regulatory authority in Nigeria’s evolving electricity market. The approval,…
By Seun Ibiyemi Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has bagged the Vanguard Newspapers’ 2025 Energy Innovation and Reform Icon of the Year Award. The award, which celebrates Nigerians making notable impacts across various fields, was received on his behalf by the company’s Executive Vice President, Business Services, Sophia Mbakwe,…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPCL) has denied claims circulating in some quarters that it is selling refinery scrap materials, equipment, or components to individuals and private companies, describing the reports as false and misleading. In a public notice issued on Friday in Abuja, the company said it had not authorised…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has formally approached the appellate court to challenge the recent Federal High Court ruling on the Dawes Island marginal field, in a move aimed at protecting investments and preserving stability in Nigeria’s oil and gas sector. The commission’s decision to file an application for leave to appeal followed…
By Seun Ibiyemi Nigeria’s national oil company, NNPC Limited, has signed a Memorandum of Understanding (MoU) with Algeria’s Sonatrach to strengthen research, development, and innovation in the oil and gas sector. The agreement, signed through NNPC’s Research, Technology and Innovation (RTI) Division in collaboration with the Petroleum Technology Development Fund (PTDF), is aimed at fostering…
Nigeria LNG Limited has called for strengthened security collaboration with the Nigeria Police Force to safeguard the ongoing ₦200 billion Bonny-Bodo Road project in Rivers State. The 37.9-kilometre road, which is about 80 per cent complete, will connect Bonny Island to the mainland and is regarded as a key infrastructure project for economic growth. The…
By Seun Ibiyemi Nigeria’s oil and gas industry may be approaching a critical turning point as a growing shortage of skilled professionals threatens the sector’s long-term sustainability, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyewa Eyesan, has warned. Eyesan raised the concern during a courtesy visit by the Independent Petroleum Producers…
By Seun Ibiyemi Minister of Power, Adebayo Adelabu, is set to resign from the Federal Executive Council in the coming days after informing President Bola Ahmed Tinubu of his intention to contest the governorship ticket of the All Progressives Congress (APC) in Oyo State. Adelabu disclosed his plans during a meeting with the President at…
By Seun Ibiyemi NNPC Limited, through its Research, Technology, and Innovation Division (NNPC RTI), is hosting the 3rd Meeting of the APPO Forum for R&D Directors, bringing together research leaders from member countries of the African Petroleum Producers’ Organization. The meeting, scheduled for April 20 to 23, 2026, is being held at the PTDF Towers…
