Nigeria wins bid to host $5bn Africa Energy Bank
Nigeria has won its bid to host the $5 billion African Energy Bank, which aims to address funding crisis for energy infrastructure on the continent. Rising from over four hours of meeting
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NNPCL commissions 12 new CNG stations
The Nigerian National Petroleum Company Ltd (NNPCL) has announced that it recently commissioned 12 new Compressed Natural Gas (CNG) stations. The NNPCL made this announcement in a statement on its X handle
Lagos gets 13 new Band A feeders
Lagos State has received an additional 13 Band A feeders following approval from the Nigerian Electricity Regulatory Commission (NERC). NERC on Wednesday approved the upgrade of 13 more feeders from Band B
‘Regulated PMS market hindering private refineries’ investment’
Experts in the oil and gas sector have said the current regulated pricing of Premium Motor Spirit (PMS) in Nigeria, is significantly hindering private-sector refineries from adopting a cost-reflective approach. They argued that this approach
Firm seeks infrastructure investment via PPP, stakeholder collaboration
Asharami Synergy Limited, a Sahara Group downstream company in Nigeria, has called for increased investment in energy infrastructure through Public-Private Partnerships (PPPs) and enhanced collaboration among stakeholders to drive sustainable regulation, growth,
Nestoil raises concerns over contracts bidding loopholes in oil sector
A Nigerian Engineering, Procurement, Construction and Commissioning (EPCC) company, Nestoil has raised concerns over the impacts of the nation’s contract bidding process, insisting that the development will affect local content growth and
Salpha Energy secures £25,000 grant to boost production, clean power
Salpha Energy has been awarded a £25,000 grant from the Ashden Awards, supported by the Department for Energy Security and Net Zero, aimed to support the company’s mission in enhancing the production of African-made
NNPC declares state of emergency on crude oil production
The Nigerian National Petroleum Company Ltd (NNPCL) has declared a state of emergency on production in the country’s oil and gas industry. NNPC spokesman, Olufemi Soneye, in a statement on Tuesday said
Petrol pump price rise to ₦937 in May — NBS
The National Bureau of Statistics (NBS) has announced that the average retail price of Premium Motor Spirit (Petrol) in Nigeria rose to ₦937 per litre in the Northern region in May 2024.
‘Refineries to begin operations before January’
•NNPC probes lubricants-for-petrol claims The Downstream Committee of the Senate has disclosed that the refineries in the country will commence operations before the year runs out. Also, the Nigerian National Petroleum Corporation
Fuel prices may rise by 300% over cost variation
• NNPC denies slashing petrol price to N488 Fuel prices in Nigeria may rise by as much as 300 per cent in certain states in line with the removal of fuel subsidies, reflecting