Tinubu Approves Licences for Kolmani Integrated Oil Project to Boost National Production. President Bola Ahmed Tinubu has approved the issuance of all critical regulatory licences for the Kolmani Integrated Development Project, a landmark multibillion-dollar oil exploration initiative situated between Bauchi and Gombe States. The announcement was made by the Minister of State for Petroleum Resources…
$700m CVFF Set to Lower Freight Costs – Shipowners Nigerian shipowners have expressed optimism that the long-awaited disbursement of the $700 million Cabotage Vessels Financing Fund (CVFF) will significantly reduce freight costs across the country’s maritime sector. In separate interviews with maritime industry leaders said the fund—intended to support indigenous ship acquisition and ownership—could unlock…
Petrobras Eyes Return to Nigeria’s Oil Sector as Strategic Ties with Brazil Deepen Brazil’s state-owned oil giant, Petrobras, is actively exploring a return to Nigeria’s oil and gas sector, with renewed interest in frontier deepwater acreage as part of its global expansion strategy. The move was revealed during an interministerial review meeting held Wednesday at…
NNPC Ltd, Sahara Group to Deepen Collaboration on Energy Access and Sustainability In a strategic move to enhance energy access and promote sustainability, the Nigerian National Petroleum Company Limited (NNPC Ltd) and Sahara Group have agreed to strengthen their collaboration across critical sectors including oil and gas, infrastructure, data, and clean energy. During a courtesy…
ExxonMobil Foundation Empowers 1,500 Students Through STEM Programme Across Africa In a bold move to drive scientific innovation and digital literacy among African youths, the ExxonMobil Foundation, in collaboration with Junior Achievement Africa, has launched its 2025 Science, Technology, Engineering and Mathematics (STEM) Africa programme, aimed at empowering over 1,500 secondary school students across the…
NIMASA Reaffirms Commitment to Digital Reforms and Maritime Governance Debunks Concession Claims The Nigerian Maritime Administration and Safety Agency (NIMASA) has firmly dismissed recent reports suggesting that it has embarked on the concession of its operations, describing the allegations as baseless and orchestrated by vested interests resistant to the Agency’s ongoing digital transformation. In a…
FG Deploys Special Teams to Troubled DisCos as Power Sector Restructuring Kicks Off In a bold move to salvage Nigeria’s ailing power sector, the Federal Government has begun deploying specialised intervention teams to underperforming electricity distribution companies (DisCos), marking the commencement of a comprehensive restructuring agenda for the nation’s power distribution value chain. The…
Nigeria Eyes New Gas Strategies to Boost LNG Output, Regain Global Ground. There are fresh moves by Nigeria to reposition itself in the booming global gas market, as the country looks to shake off production setbacks and ramp up its liquefied natural gas (LNG) output in the coming years. This comes as Africa is tipped…
Oil Prices Nosedive, Face Worst Monthly Drop Since 2021 Global oil prices continued to slide on Wednesday, with both Brent and WTI crude heading for their biggest monthly losses in over three years, as the ongoing US-China trade war and concerns over excess supply shook investor confidence. As of 10:30 a.m. Saudi time, Brent crude…
Dangote Refinery Refutes Claims of Petrol Unit Shutdown for Maintenance The Dangote Petroleum Refinery in Lekki, Lagos State, has dismissed reports suggesting it halted operations of its petrol processing unit for maintenance. Speaking with news men recently, a senior spokesperson for the refinery stated, “Loading of Premium Motor Spirit (petrol) is ongoing as we speak.”…
