Energy
11 Dec
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Wednesday denied claims that it directed wholesale gas suppliers to stop supplying gas to power-generating companies (GENCOs) over payment defaults. The agency, in a statement said the report is false and baseless, emphasising that no such directive was given. NMDPRA said the misinformation came from…
11 Dec
Nigeria has once again been plunged into nationwide darkness as the electricity grid collapsed, dropping from about 3,000 megawatts around at 1:00 pm to zero megawatts by 2:00 pm. The grid, managed by the Transmission Company of Nigeria (TCN), remains one of the weakest links in the Nigerian Electricity Supply Industry (NESI). The TCN is…
11 Dec
Despite the global resurgence in deepwater oil exploration and production, Nigeria’s oil sector faces a paradox as multibillion-dollar projects, which hold vast potential for the country, remain stalled years after being proposed.
11 Dec
As the global energy transition accelerates, Africa faces a pivotal moment to redefine its energy sector, balancing development, sustainability, and access for its rapidly growing population, Executive Secretary of African Refiners and Distributors Association (ARDA), AniborKragha has said.
11 Dec
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has pledged support for oil workers’ welfare, stressing that a unified, motivated, and productive workforce is critical to the realisation of the country’s economic goals.
11 Dec
The Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) has called on the Nigerian National Petroleum Company Limited (NNPCL) to strike a balance between its export ambitions and the local supply of critical energy products, particularly kerosene and diesel.
9 Dec
The Dangote Petroleum Refinery and Petrochemicals FZE has sought to amend its suit against the Nigerian National Petroleum Company Limited (NNPCL) and others. The plea to amend the suit followed an application by the NNPCL before Justice Inyang Ekwo of a Federal High Court in Abuja, urging the court to strike out the case for…
9 Dec
The Nigerian Exchange Limited (NGX) has named Geregu Power Plc the ‘Most Compliant Listed Company’ for 2023 financial year at its 2024 edition Made of Africa Awards. The management of the NGX said the award is a recognition for “the listed company that demonstrates the highest level of adherence to The Exchange’s Issuers’ Rules, without…
7 Dec
The Nigerian National Petroleum Company Limited (NNPCL) has been cautioned against taking Nigerians for granted regarding its claim of exporting the first cargo of Port Harcourt low-sulphur straight-run fuel oil (LSSR) to Gulf Transport & Trading Limited (GTT), a Dubai-based company. The National Anti-Corruption Commission (NACC), which issued the warning in a statement on Saturday,…
7 Dec
The Nigerian National Petroleum Company Limited (NNPC Ltd.) commenced its Computer-Based Aptitude Test for recruitment today, drawing 45,689 applicants to various centres across the country. NNPC Group Chief Executive Officer (GCEO), Mele Kyari, who visited one of the centres at the Ansar-Ud-Deen Society Centenary Resource Centre in Maitama, Abuja, assured stakeholders that the recruitment process…
6 Dec
The Nigerian Electricity Regulatory Commission (NERC) has extended the deadline for meter upgrades to January 1, 2025. NERC, in a statement on its official X account on Thursday, warned electricity distribution companies (DisCos) to ensure their customers' meters are upgraded by then or face sanctions. The commission set a new deadline for meter upgrades following…
6 Dec
The Nigerian National Petroleum Company Limited has sold the first cargo of Port-Harcourt low sulfur straight run fuel oil (LSSR) to Dubai-based Gulf Transport & Trading Limited (GTT). The company is expected to load the cargo in the coming days onboard the Wonder Star MR1 ship, signalling the commencement of operations at the plant and…
Latest
NOW
Former Minister of Women Affairs, Uju-Ken Ohanenye, on Wednesday said she has no regrets over some actions she took during her controversial tenure, adding that she did her utmost to fulfill her responsibilities. Ohanenye, who held the position from August 2023 until President Bola Tinubu fired her on October 23, reflected on her tenure in…
6 mins ago
Two days after the announcement of the election result in Mozambique, the situation in the south-eastern African country is escalating. At least 121 people have died in protests since Monday, the civil society organization Plataforma Decide said late on Wednesday. Earlier in the day, the organization had reported 56 dead and 380 injured. The capital…
18 mins ago
The 1 Division of the Nigerian Army in Kaduna was a beehive of activities on Wednesday as John Asiemo, popularly known as Daddy Showkey, performed for wounded soldiers and their families. The performance by the veteran gala singer was in commemoration of the Christmas celebration and organized by Tribute to Our Troops Foundation in collaboration…
33 mins ago
A Palestinian TV channel affiliated with a militant group said five of its journalists were killed Thursday in an Israeli strike on their vehicle in Gaza, with Israel's military saying it had targeted a "terrorist cell".
48 mins ago
The Democratic Front (TDF) says the announcement of a five billion dollar Bonga North Deep Offshore field Final Investment Decision (FID) by Shell is a sign that Nigeria remains an investment-friendly destination. In a statement signed by its Chairman, Malam Danjuma Muhammad, and Secretary, Chief Wale Adedayo, TDF noted that the investment was an indication…
1 hour ago
President Bola Tinubu on Thursday sent his condolences to the governor of Jigawa, Malam Umar Namadi, over the death of his mother, Hajiya Maryam Namadi. Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, said this in a statement. READ ALSO:Preach peace, love, Buni charges Christians The deceased, who died on Wednesday,…
1 hour ago
Senate Leader, Opeyemi Bamidele, has said that the tax reform bills of President Bola Tinubu will favour states like Kano and Zamfara, as there will be an increase in their Value-Added Tax (VAT) allocation. Bamidele stated this in his Christmas message to Nigerians, adding that those opposing the tax reforms currently before the National Assembly…
1 hour ago
Gov. Mai Mala Buni of Yobe has charged Christians and their leadership to focus more on preaching peace, love and justice. Buni said this in a Christmas message by his media aide, Mamman Mohammed, on Thursday in Damaturu. According to him, there can be no meaningful development without peace and justice on the land. READ…
1 hour ago
Survivors and victims' relatives will this week mark the 20th anniversary of the 2004 Indian Ocean earthquake and tsunami, which killed more than 220,000 people across more than a dozen countries.
1 hour ago
The Chief of Army Staff (COAS), Lt.-Gen. Olufemi Oluyede, on Wednesday celebrated Christmas with sick and wounded soldiers in action, assuring them that their sacrifices would never go in vain. The News Agency of Nigeria (NAN) reports that Oluyede made this statement during a Christmas luncheon with the sick and wounded soldiers at the 44…