Energy BusinessPointer.com.ng BusinessPointer.com.ng Page 37

SAIPEC 2026: NCDMB calls for stronger African collaboration to deepen local content

Business Pointer Admin9 months ago9 months ago04 mins

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has called for stronger collaboration among African nations, governments, and industry stakeholders to advance local content development across the continent’s energy sector. Speaking at the 10th anniversary edition of the Sub-Saharan African International Petroleum Exhibition and Conference (SAIPEC 2026),…

Gas shortage, damaged power infrastructure worsen electricity supply in Lagos, Oyo

Business Pointer Admin9 months ago04 mins

Electricity consumers in Lagos and parts of Oyo State are facing renewed power disruptions following a drop in generation caused by gas supply constraints on the National Grid, as well as infrastructure damage linked to a road accident in Ibadan. In separate notices issued on February 7, 2026, Ikeja Electric and Eko Electricity Distribution Company…

Nigeria’s electricity access programme among world’s most ambitious – REA

Business Pointer Admin9 months ago03 mins

The Managing Director of the Rural Electrification Agency (REA), Abba Abubakar Aliyu, has described Nigeria’s electricity access programme as one of the most ambitious infrastructure projects currently underway globally. Aliyu made the remark during a panel session at the Nigeria International Energy Summit (NIES) titled “Reliable, Sustainable & Inclusive Power for Africa’s Future,” where discussions…

Edo, NNPC to Build 10,000-barrel-per-day condensate refinery to boost energy supply, industrial growth

Business Pointer Admin9 months ago03 mins

By Adeyemi David Edo State Government and the Nigerian National Petroleum Company (NNPC) Limited have announced plans to establish a 10,000 barrels-per-day condensate refinery in the state, a project expected to enhance industrial activity and strengthen energy supply in the South-South region. The refinery, to be sited across Oredo and Orhionmwon Local Government Areas, is…

NCDMB backs APPO, Africa Energy Bank to drive Africa’s Oil and Gas growth

Business Pointer Admin9 months ago04 mins

By Adeyemi David The Nigerian Content Development and Monitoring Board (NCDMB) has reiterated its strong support for the African Petroleum Producers Organisation (APPO) and the newly established Africa Energy Bank (AEB), emphasizing their critical role in advancing Africa’s oil and gas industry. The commitment was made on Thursday by NCDMB Executive Secretary, Engr. Felix Omatsola…

Power outages persist as 58% of hydro projects stay frozen

Business Pointer Admin9 months ago04 mins

Nigeria’s electricity crisis has deepened as about 58 per cent of publicly funded dam projects intended to support power generation remain stalled or abandoned, despite hundreds of millions of naira already disbursed. Hydropower currently accounts for roughly 30.1 per cent of Nigeria’s electricity supply, making it the country’s second-largest energy source after thermal generation, yet…

Nigeria saved N6trn from fuel import losses – NMDPRA

Business Pointer Admin9 months ago04 mins

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the strategic implementation of downstream deregulation and foreign exchange reforms resulted in over N6 trillion in savings from fuel import losses during the first nine months of 2025. This disclosure was made by the Chief Executive of the NMDPRA, Mr. Saidu Mohammed, during…

FG reaffirms commitment to gas-led growth as NNPC unveils gas master plan 2026

Business Pointer Admin9 months ago04 mins

The Federal Government has reiterated its commitment to positioning natural gas as a key driver of Nigeria’s economic growth, energy security, and social development following the unveiling of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Gas Master Plan (GMP) 2026. Minister of State for Petroleum Resources (Gas), Dr. Ekperikpe Ekpo, made the declaration over…

SERAP sues NNPCL over missing oil funds

Business Pointer Admin9 months ago9 months ago06 mins

The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Nigerian National Petroleum Company Limited over its alleged failure to account for N22.3bn, $49.7m, £14.3m and €5.2m in oil revenue. This was disclosed in a statement issued by SERAP Deputy Director, Kolawole Oluwadare, on Sunday. The action follows allegations contained in the 2022…