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GenCos reject FG’s N7trn resettlement plan, call for state of emergency in power sector
Federal Government’s debt owed to electricity generating companies (GenCos) have now reached N7 trillion, even as a planned resettlement option has been turned down by the operators, who insist on recovering their money. The GenCos have also called on government to…
Tinubu swears in new Power, Foreign Affairs ministers
President Bola Tinubu, Monday, swore in Mr. Joseph Tegbe as the new Minister of Power, as well as, Mr. Sola Enikanolaiye for that of the Minister of State for Foreign Affairs, at a brief ceremony which held at the Presidential Villa…
Algeria kicks off work at own section of $13bn trans-Saharan gas pipeline project
Algeria has officially kicked off work at its own section of the 4,100 km long Trans-Saharan Gas Pipeline (TSGP) project. The TSGP is a separate, competing 4, 128km pipeline project running through Niger and Algeria with an estimated cost of…
NUPRC urges banks to support oil, gas operators
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on financial institutions to support operators in expanding domestic gas production. NUPRC’s Chief Executive, Mrs. Oritsemeyiwa Eyesan, who said this whole receiving top executives of the Rand Merchant Bank (RMB), at the commission’s…
Heirs Energies’ $750m deal wins global finance award
Frank Okon Heirs Energies Limited, Africa’s leading indigenous-owned integrated energy company, has earned international recognition after its landmark US$750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility was named Best Oil & Gas Deal of the Year at the EMEA…
NSML Maritime Centre earns UK nautical institute certification
Ziggy Ojiegbe The Maritime Centre of Excellence (MCOE), the flagship maritime training and research institute of the NLNG Ship Management Limited, has secured international certification from the The Nautical Institute, marking a major milestone for Nigeria’s maritime training sector. Managing…
Egbin Power rewards excellence, honours top employees at ERA 2026
Frank Okon Nigeria’s largest power generation company, Egbin Power, has reaffirmed its commitment to building a high-performance workplace culture by recognising and rewarding outstanding employees at its Employee Recognition Awards (ERA) 2026. The colourful ceremony, which brought together the company’s…
Dangote Refinery surges past design capacity, records 700,000 bpd milestone
Ziggy Ojiegbe Cost relief remains elusive for Nigerians Dangote Petroleum Refinery & Petrochemicals has raised its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its installed nameplate capacity of 650,000 bpd and marking a significant operational milestone…
World Environment Day: Chevron renews green commitment
Ziggy Ojiegbe As the world marks World Environment Day on June 5, Chevron Nigeria and Mid-Africa (NMA) has reiterated its commitment to environmental protection and sustainable energy development, aligning its operations with this year’s theme, “A Global Call for Climate…
2026 oil, gas licensing round to kick off Q3, 2026 — NUPRC
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the 2026 oil and gas licensing round will kick off by the third quarter of 2026. According to the NUPRC, the announcement follows approval from the Minister of Petroleum Resources, Heineken Lokpobiri….
