Category: Energy
NUPRC Addresses Ongoing IOC Divestments: Clarifies Status of Oando, Eni-AGIP, Seplat, and Mobil Transactions
Abuja, Nigeria – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a detailed statement regarding the ongoing divestment activities involving major International Oil Companies (IOCs), including Oando, Eni-AGIP, Seplat, and Mobil Producing Nigeria Unlimited (MPNU). The update, delivered on August 26, 2024, by the Head of Public Affairs Unit, Mrs. Olaide Shonola, is part…
House of Representatives Calls for Suspension of NMDPRA Chief Executive Amid Investigation
Abuja, Nigeria – In a decisive move, the House of Representatives has called for the suspension of the Chief Executive of the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA) pending a thorough investigation into allegations against the Authority. The decision came after Honorable Esosa Iyawe raised a motion of urgent public importance regarding the need…
Minister of State Petroleum Resources Hosts Crucial Meeting with Dangote, NMDPRA, NUPRC, and NNPC Leadership
Abuja, Nigeria – Distinguished Senator Heineken Lokpobiri, the Honourable Minister of State Petroleum Resources [Oil], hosted a high-level meeting with key stakeholders to address and resolve ongoing issues surrounding the Dangote Refinery. Attending the meeting were prominent figures in Nigeria’s oil and gas sector: The stakeholders expressed their gratitude to the Honourable Minister for his…
Dangote Clarifies Incentives and Monopoly Concerns at Refinery
Lagos, Nigeria – In a recent statement, Aliko Dangote, Chairman of Dangote Group, addressed concerns about incentives and monopoly at the newly established Dangote Refinery. Speaking on Thursday, Dangote emphasized that no incentives were collected from the Federal Government of Nigeria or Lagos State for the refinery project. “In the refinery, we did not, and…
Katsina State Governor Requests Federal Government to Hand Over Abandoned Wind Power Project
Katsina, Nigeria – In a significant development, the Executive Governor of Katsina State, Malam Dikko Umaru Radda, PhD, CON, has formally requested the Federal Government to transfer the management of the abandoned Lambar Rimi Wind Power Project to the Katsina State Government. This request was made through a letter addressed to President Bola Ahmed Tinubu…
Logistics Challenges and Flooding Behind Fuel Queues, Says NNPC
Abuja, Nigeria – The Nigerian National Petroleum Corporation (NNPC) has attributed the recent fuel queues in the Federal Capital Territory (FCT) and other parts of the country to logistics disruptions caused by adverse weather conditions and flooding. The NNPC explained that the disruptions were primarily due to a recent thunderstorm that impacted the ship-to-ship (STS)…
President Bola Tinubu announced on Thursday that his government aims to inject N2 trillion into the economy within the next six months.
President Tinubu made this statement during the inauguration of his Presidential Economic Coordination Council (PECC), consisting of representatives from various sectors of society and the economy. During the inauguration, the President shared the results of his assessment of the fast-tracked stabilization and progress plan. In a session with reporters at the State House following the…