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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…
EU’s stand-down on combustion engine ban signals boost for oil market
Sopuruchi Onwuka The European Union’s decision to soften its planned 2035 ban on new combustion-engine vehicles is being read by energy markets as a clear positive for oil producers, signaling a slower and less absolute transition away from fossil fuels…
$60 oil pose early test for Nigeria’s 2026 Budget
Sopuruchi Onwuka Global petroleum prices over the weekend offered little comfort that the oil price benchmark underpinning Nigeria’s 2026 budget will hold, raising fears of a repeat of the 2025 shortfall triggered by an unusually bearish market. Although fiscal planners…
Shell celebrates retirees at 4th annual golf tournament in Lagos
Shell Nigeria celebrated its retired employees at the fourth edition of its annual golf tournament, held in their honour by Shell Exploration and Production Company Limited (SNEPCo) at the Lakowe Golf Course in Lekki, Lagos. A total of 47 retirees…
WIEN applauds Tinubu’s appointment of Oritsemeyiwa Eyesan as NUPRC Chief Executive
Ziggy Ojiegbe The Women in Energy Network (WIEN), a leading advocate for gender balance in energy sector leadership, has commended President Bola Ahmed Tinubu for appointing Oritsemeyiwa Eyesan as Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). In…
Petroleum regulators sacked over corruption allegations
By Sopuruchi Onwuka President Bola Ahmed Tinubu has removed the heads of Nigeria’s two key petroleum regulators, ordering the immediate exit of Engr Ahmed Farouk, Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and Engr Gbenga…
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…
Oil falls below $60 as Ukraine ceasefire optimism eases supply fears
Sopuruchi Onwuka, with agency reports Oil prices fell below $60 per barrel on Tuesday, their lowest level since February 2021, as easing geopolitical tensions prompted investors to reassess supply risks. European gas prices followed the same trend, dropping below €27…
Falade to take helm at NLNG as Mshelbila bows out
Sopuruchi Onwuka The Board of Directors of Nigeria Liquefied Natural Gas (NLNG) Limited has appointed Engr. Adeleye Falade as the company’s next Managing Director, effective April 2026. The appointment was announced in a statement by NLNG’s spokesperson, Mrs Ann-Marie Palmer-Ikuku,…
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…
