…Boosts Lagos power capacity By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has inaugurated a new 300 MegaVolt Ampere (MVA) power transformer at its 330/132/33 kilovolts (kV) Egbin Transmission Substation in Lagos, increasing the facility’s capacity and strengthening electricity supply in parts of the state. TCN’s General Manager, Public Affairs, Mrs. Ndidi Mbah, disclosed…
By Seun Ibiyemi The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has led a high-powered management delegation to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, for talks aimed at strengthening collaboration between both energy giants. The visit, which featured a guided tour of the facility, culminated in a…
By Seun Ibiyemi The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN)Executive order: Tinubu direct oil, gas revenue remittance to federation account has described the Federal Government’s Executive Order No. 9 as a reform-driven measure that will strengthen accountability and enhance investor confidence in Nigeria’s energy sector. National President of PETROAN, Dr Billy Gillis-Harry,…
By Adeyemi David The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has strongly opposed President Bola Tinubu’s Executive Order directing the Nigerian National Petroleum Company Limited (NNPC) Limited to remit oil and gas revenues directly into the Federation Account. At a press conference in Lagos on Thursday, PENGASSAN President, Festus Osifo, described…
By Adeyemi David President Bola Tinubu has defended the sweeping executive order he signed on February 13, 2026, restructuring the financial architecture of Nigeria’s oil and gas sector, declaring that the move was aimed at ending decades of structural leakages that have deprived Nigerians of the full benefits of the nation’s hydrocarbon wealth. In a…
… Strips NNPC of right to withhold oil revenues President Bola Tinubu has issued an Executive Order directing direct remittance of oil and gas revenues to the Federation Account. The order is to safeguard and enhance revenues, curb wasteful spending and eliminate duplicative structures in the sector. This is contained in a statement issued by Presidential…
The Minister of Solid Minerals Development, Dele Alake, has ordered the immediate sealing of a mining site in Zuraq, Wase Local Government Area of Plateau State, following a deadly incident that claimed dozens of lives. The directive, contained in a statement issued on Wednesday in Abuja by his Special Assistant on Media, Segun Tomori, came…
By Adeyemi David Oando Plc has notified its shareholders of an application submitted to the Nigerian Exchange Limited (NGX) on Friday, February 13, 2026, seeking approval to list a Rights Issue of 4,415,867,342 ordinary shares of 50 Kobo each at N50 per share. The Proposed Rights Issue will be offered on the basis of one…
The Nigerian Content Development and Monitoring Board (NCDMB) has reminded operators, contractors, and service companies in the upstream oil and gas sector of their statutory obligation to remit one percent (1%) Nigerian Content Development Fund (NCDF) levy into accounts officially designated by the Board. In a statement issued at the Nigerian Content Tower in Yenagoa,…
Nigerian National Petroleum Company Limited has announced plans to increase gas supply by an additional 1.8 billion cubic feet per day (bcf/d) in 2026 as part of efforts to meet rising domestic demand and strengthen the country’s energy security. The company disclosed this in Abuja while hosting members of the Nigeria Guild of Editors, noting…
