By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has attributed the recent rise in Nigeria’s crude oil production to strengthened pipeline security and coordinated stakeholder collaboration. Speaking at the Parliamentary Roundtable on the State of Pipeline Security held at the National Assembly in Abuja on Wednesday, the Group Chief Executive Officer of…
By Seun Ibiyemi Dangote Petroleum Refinery & Petrochemicals has announced that its price for Premium Motor Spirit (PMS), commonly known as petrol, remains unchanged despite growing concerns over potential volatility in Nigeria’s downstream oil market. A source within the company confirmed that the refinery’s pricing structure is still intact, with the gantry price maintained at…
By Seun Ibiyemi Power Generation Companies (GenCos) have hailed the N501 billion raised through a bond issuance in January as a strong signal of growing investor confidence in the Federal Government’s Presidential Power Sector Financial Reforms Programme (PPSFRP). Speaking on Tuesday in Lagos, Managing Director of First Independent Power Ltd., Mr. Seyi Sobogun emphasized that…
By Seun Ibiyemi Sahara Group has opened applications for its #SaharaBeyondXXX Graduate Management Trainee (GMT) programme, aimed at developing the next generation of leaders in the energy and infrastructure sector. The Head of Corporate Communications, Mr Bethel Obioma disclosed this in a statement on Tuesday in Lagos, explaining that the accelerated programme is designed to…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced the export of a new crude oil grade, Cawthorne, marking a significant milestone in its drive to boost Nigeria’s oil production and expand its portfolio of globally competitive export streams. The company confirmed that the maiden cargo of the Cawthorne blend was…
Eight core members of the OPEC+ have raised alarms over disruptions to global oil supply following attacks on energy infrastructure linked to Iran and the ongoing blockade of the Strait of Hormuz. In a joint statement after a virtual meeting, the group stressed that restoring damaged energy assets is costly and time-consuming, creating significant constraints…
By Seun Ibiyemi The Rural Electrification Agency (REA) has disbursed nearly ₦9 billion to support the development of renewable energy projects across Nigeria, marking another milestone in its drive to expand electricity access through sustainable solutions. In the latest round of funding, the agency released ₦7.95 billion to Havenhill to finance critical equipment for four…
By Seun Ibiyemi President Bola Ahmed Tinubu has approved a comprehensive payment plan aimed at clearing longstanding debts in Nigeria’s power sector, marking a major step under the Presidential Power Sector Financial Reforms Programme. The announcement was contained in a statement issued on April 5, 2026, by the President’s Special Adviser on Information and Strategy,…
By Seun Ibiyemi The Chairman of the African Petroleum Regulators Forum (AFRIPERF) and Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan has outlined a vision for Africa’s energy future centered on unity, stronger institutions, and cross-border collaboration. Eyesan presented her agenda during her maiden Executive Committee Meeting of AFRIPERF, held virtually…
By Seun Ibiyemi The Minister for Finance, Wale Edun has praised the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for boosting Nigeria’s daily oil production to 1.84 million barrels per day, calling the achievement “fantastic” and urging continued progress toward the two million barrels per day target. Edun made the remarks during a visit by NUPRC…
