Skip to content
Seplat $840.7m Q1 revenue, strong dividend and sturdy cash flow
Ziggy Ojiegbe Seplat Energy has reported a solid financial and operational performance for the first quarter of 2026, posting higher revenue, profit growth and a significant increase in shareholder returns, despite operational challenges during the period. The dual-listed energy firm,…
Labour, CSOs push for urgent oil sector overhaul as energy cost bites deep
Ziggy Ojiegbe Civil society organisations and labour unions have urged the Federal Government to urgently restructure Nigeria’s downstream oil sector, warning that rising energy costs are worsening hardship and undermining economic productivity. The call was made at the end of…
Dangote Refinery recalls redeployed engineers
Frank Okon Dangote Petroleum Refinery has approved the recall of engineers previously redeployed across its business units, following what management described as a conditional pardon after internal disciplinary actions linked to operational disruptions. In internal communication to staff, the company…
OPEC losing grip on oil market as members exit and rivals rise
Ziggy Ojiegbe The steady thinning of membership within the Organization of the Petroleum Exporting Countries is raising a harder question for global energy markets: how much longer can a smaller, less cohesive bloc act as an effective regulator of oil…
Nigeria firms get $83m IFC-Norfund funding for off-grid power development
500,000 households to be connected, 2.9m people to be served Ziggy Ojiegbe A new financing push led by the International Finance Corporation and Norway’s Norfund is set to expand electricity access to millions of Nigerians living beyond the reach of…
Former Dangote employee to regulate midstream, downstream petroleum operations
Ziggy Ojiegbe President Bola Ahmed Tinubu on Wednesday sacked the newly appointed Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Saidu Mohammed; replacing him with a former employee of Dangote Group, Mr Rabiu Abdullahi Umar….
UAE walks away from OPEC+ amid supply turmoil, price surge
Ziggy Ojiegbe The United Arab Emirates will leave the Organization of the Petroleum Exporting Countries and its allied group OPEC+ effective May 1, marking one of the most consequential breaks in the alliance’s recent history and raising fresh questions about…
Flight without fuel: Electric air taxis signal a clean break for aviation
Frank Okon Aviation took a visible step toward a cleaner future this week as Joby Aviation completed the first point-to-point electric air taxi flights in the history of New York City, signaling that urban air mobility is moving from concept…
Magnus Abe promises stronger leadership as NUPRC Board begins work
Frank Okon The newly inaugurated board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially resumed duties, pledging to strengthen the Commission’s capacity to deliver on its mandate. Chairman of the board, Senator Magnus Abe, gave this assurance on…
Waltersmith showcases expanded refinery to NCDMB, NMDPRA
Plans for condensate refinery, industrial park Frank Okon Waltersmith Petroman Oil Limited has expanded the capacity of its modular refinery in Ibigwe, Ohaji-Egbema area of Imo State from 5,000 to 10,000 barrels per day, as officials of the Nigerian Midstream…
