Dangote Group has appointed Pontsho B. Mokoena as its new Group Chief Risk Officer, effective March 2026, as the conglomerate moves to strengthen its risk management and corporate governance framework. The company announced the appointment on Thursday, noting that Mokoena will oversee Enterprise Risk Management, Insurance, and Digital Transformation across the Group. In her new…
By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has directed all Electricity Distribution Companies (DisCos) to implement a comprehensive Standard Operating Procedure (SOP) aimed at detecting meter bypass, tampering, and other forms of electricity theft. The directive, contained in Order No. NERC/2014/148 and published on the commission’s website in Abuja on Thursday, outlines detailed…
By Seun Ibiyemi The Nigerian Independent System Operator (NISO) has attributed the continued decline in electricity generation on the national grid to persistent gas supply challenges affecting several thermal power plants. In a statement issued on Thursday in Abuja, NISO disclosed that as of 5:00 a.m., total generation on the national grid stood at 3,940.53…
By Olakunle Oke President Bola Ahmed Tinubu has announced the successful resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245, paving the way for significant new investment in Nigeria’s deepwater oil sector. The agreement, reached between the Federal Government of Nigeria, Eni and Nigerian Agip Exploration Limited (NAEL), was unveiled during a meeting…
By Seun Ibiyemi The Senate Committee on Public Accounts has summoned former Mele Kyari, ex-Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), and his management team over alleged financial discrepancies totaling N210 trillion. The committee’s chairman, Ahmed Wadada, disclosed the development at a press briefing in Abuja on Thursday, stating that…
By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has directed electricity distribution companies in the country to refund a total of N20.33 billion to customers for meters purchased under the Meter Asset Provider Framework. The commission said the directive, which took effect from March 1, 2026, followed a regulatory review that revealed many Electricity…
By Seun Ibiyemi President Bola Tinubu has initiated plans to establish a Grid Asset Management Company (GAMCO) as part of efforts to strengthen Nigeria’s electricity transmission network and address persistent challenges in the power sector. The Minister of Information and National Orientation, Mohammed Idris, disclosed this on Wednesday after the meeting of the Federal Executive…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS) at its retail outlets in Abuja to N960 per litre, up from N875, following a spike in global crude oil prices triggered by escalating geopolitical tensions in the Middle East. Checks at several NNPCL filling…
By Seun Ibiyemi The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, has said Nigeria and the wider African continent must position women at the forefront of leadership to fully unlock their hydrocarbon potential. Speaking at the 3rd Edition of the Diversity Sectoral Working Group Annual Women in Oil and…
By Seun Ibiyemi The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called on Cross River State to harness ongoing reforms in Nigeria’s downstream petroleum sector by investing in strategic fuel infrastructure and clean energy value chains to drive economic growth. Speaking on behalf of the Authority Chief Executive, Engr. Saidu Mohammed, the Executive…
