..Targets 30bcm annual supply By Seun Ibiyemi The Federal Government has made progress on its proposed transcontinental gas pipeline project aimed at transporting Nigeria’s vast natural gas reserves to European markets. The pipeline, still at an early development stage, is being driven by a consortium of global industry players. It will undergo extensive technical, commercial,…
By Seun Ibiyemi Electricity supply across Nigeria has remained unstable, with industry operators blaming the situation on persistent gas shortages and unresolved payment issues within the power sector. Power generation companies (GenCos) said inadequate gas supply has significantly reduced their ability to generate electricity, resulting in frequent outages and load shedding across many parts of…
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…
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…
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…
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…
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…
