Federal Government Commences 2024 Oil Bid Rounds The Federal Government of Nigeria has officially announced the commencement of the 2024 oil bid rounds in alignment with the provisions of the Petroleum Industry Act (PIA). This significant announcement was made during the first edition of the NEITI House Dialogue, organized by the Nigerian Extractive Industries Transparency…
I have signed Executive Order to unlock $10 billion investment in oil and gas – Tinubu President Bola Tinubu announced on Tuesday, April 30, that he recently authorized an Executive Order aimed at unlocking approximately $10 billion in fresh investments within the nation’s oil and gas sector. Speaking at the commencement of a two-day…
MEMAN Boosts Distribution Network by 300 Million Litres to Alleviate Fuel Queues The Major Energies Marketers Association of Nigeria (MEMAN) has revealed plans to address the prevailing fuel scarcity in Lagos and other parts of Nigeria by expecting over 300 million liters of Premium Motor Spirit (PMS) from eight vessels this week. Mr. Huub…
The Aggregator Platform (TAP) Celebrates Four Years of Impactful Hunger Alleviation Efforts. The Aggregator Programme (TAP) for the Alleviation of Hunger, led by Oando employees (#HumansOfOando), is marking its fourth anniversary with a reflection on its significant role in fighting hunger in Nigeria’s most vulnerable communities. Initiated in April 2020 to respond to the urgent…
Nigeria’s Mineral Wealth Valued at $750 Billion: Minister Unveils Ambitious Plans for Sector In a groundbreaking revelation, the Minister of Solid Minerals Development, Dele Alake, unveiled Nigeria’s substantial mineral wealth, estimated at a staggering $750 billion. This disclosure came during a two-day national stakeholders’ roundtable on sustainable development of the mining industry organized by the…
NDPHC Honored with Power Infrastructure Development Agency of the Year Award Nigeria’s foremost electricity generation firm, Niger Delta Power Holding Company (NDPHC), received the Power Infrastructure Development Agency of the Year Award during the inaugural Energy Times Awards held in Lagos. This acknowledgment underscores NDPHC‘s pivotal role in transforming the nation’s electricity sector. Originating from…
NPA opens 72 hours access window for export trucks to avert delay. The Nigerian Ports Authority (NPA) has announced a new policy aimed at reducing congestion and improving the efficiency of export cargo movement into Lagos Ports. Under this policy, export cargo trucks will be required to access the port terminals within a specified time…
TotalEnergies CEO Anticipates Financial Upside from Potential EU Sanctions on Russian LNG. In a recent statement, Patrick Pouyanne, the CEO of TotalEnergies, expressed optimism about the potential impact of EU sanctions on Russian gas from the Yamal LNG project. Pouyanne suggested that such sanctions could lead to a significant increase in global LNG prices, ultimately…
Peter Obi Urges Nigeria to Learn from Tanzania on Power Generation. Peter Obi, the 2023 presidential candidate of the Labour Party (LP), has advocated for Nigeria to take cues from Tanzania regarding power generation. Obi made this assertion in a series of posts on his official social media handle on Friday, reacting to reports that…
Oil settles higher on supply concerns in the Mideast, economic woes subdue gains. Oil prices settled higher on Friday, garnering support from tensions in the Middle East, but a strong dollar and U.S. inflation data quashed hopes that the Federal Reserve would cut interest rates soon, giving prices a ceiling. Brent crude futures settled…
