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Another year closes with fuel price drop
* Dangote’s price cuts face implementation challenges Sopuruchi Onwuka The domestic fuel market is set to end 2026 with slight fall in the prices of transportation fuels, especially the premium motor spirit popularly called petrol which fires cars and light…
Heirs Energies to drive long-term growth with $750m
Sopuruchi Onwuka Heirs Energies Limited has secured a $750 million financing from the African Export–Import Bank (Afreximbank), marking one of the largest funding transactions ever obtained by an indigenous African energy company. According to Heirs Energies, the Afreximbank facility will…
Fact Check: Dangote’s claim of price drop is false!
Sopuruchi Onwuka The highly hyped drop in the price of petrol at the MRS retail stations attributed to a pledge to the Chairman of Dangote Group, Alhaji Aliko Dangote, is false after all. Our field reporters who went out on…
ELPS breach: WAPCo assures steady regional supply as NNPC deploys containment measures
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited says it has deployed coordinated containment measures following an incident on a section of the Escravos–Lagos Pipeline System (ELPS) in South-West Warri, Delta State. The company’s Chief Corporate Communications Officer, Andy…
Flare Gas Permits: NUPRC attracts $2bn investments, commercialize 300 MMscfd of gas
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the issuance of Permits to Access Flare Gas under the Nigerian Gas Flare Commercialization Program (NGFCP) will deliver wide-ranging environmental, economic, and energy benefits for the country. According to the Commission, the…
WAPCo positions for Nigeria’s greater export agenda, regional demand boom
By Sopuruchi Onwuka The West African Gas Pipeline Company Limited (WAPCo) has declared its readiness to play a leading role in advancing the economic and industrial aspirations of West African countries, citing the resilience of its assets, strong operational performance,…
Customer exploitation: FCCPC hits Ikeja Electric, seals office
Sopuruchi Onwuka Officials of the Federal Competition and Consumer Protection Commission (FCCPC) on Thursday swiftly sealed the head office of the Ikeja Electric Distribution Company (IKEDC), also called Ikeja Electric which operates the networks in the inland Lagos State and…
Dangote’s N1trn Fund to educate 1.3m Nigerian Students
Sopuruchi Onwuka Chairman of the Dangote Group, Alhaji Aliko Dangote, on Thursday launched a N1 trillion education fund expected to support about 1.3 million Nigerian students over the next decade, making it the largest private education intervention in the country’s…
2025 Licensing Round: NUPRC sets financial baseline for participants despite lower entry bar
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stressed that only financially solid companies will qualify for the 2025 Licensing Round, even though the approved signature-bonus range has been set at a comparatively low $3 million to $7 million. The…
Shell expands gas network to connect new industrial customers in Ogun State
Shell Nigeria Gas Limited (SNG) is expanding its gas distribution footprint in Ogun State with a new agreement to supply gas to SG Industrial FZE, a major steel producer in the Guandong industrial zone. The deal adds to SNG’s growing…
