Miners Applaud Reversal of Five-Year Mining Ban in Zamfara State. Stakeholders in Nigeria’s mining sector have expressed their appreciation to the Federal Government for lifting the five-year ban on mineral exploration activities in Zamfara State. The commendation followed the recent announcement by the Minister of Solid Minerals Development, Dr. Dele Alake, who cited improved security…
Oil Prices Post 3% Annual Decline for Second Consecutive Year. Global oil prices saw a 3% decline in 2024, marking the second consecutive annual drop as the post-pandemic demand recovery slowed, China’s economy faced headwinds, and increased crude output from the U.S. and other non-OPEC producers flooded the market. On the year’s final trading day,…
Nigerian Navy Launches Operation Delta Sanity II On December 30, 2024, the Honourable Minister of State for Petroleum Resources – Oil, Senator Heineken Lokpobiri, flagged off Operation Delta Sanity II at the Nigerian Navy Ship (NNS) Pathfinder in Port Harcourt, Rivers State. The initiative builds on the successes of Operation Delta Sanity I, which was…
WhatsApp Will Stop Working on These Phones Starting January 1, 2025 As the year 2025 begins, WhatsApp will cease to function on several outdated devices, primarily due to compatibility updates that require newer operating systems. This move impacts users whose phones cannot be upgraded to a more recent OS. Compatibility Update The first wave of…
Templars Advises Seplat on Nigeria’s Largest Oil and Gas Bond Offering Templars, a leading Nigerian law firm, has provided legal counsel to Seplat Petroleum Development Company Plc on its record-breaking $650 million bond issuance. The offering, comprising guaranteed senior notes, marks the largest oil and gas bond issuance by a Nigerian company in the international…
TotalEnergies Extends Contract for DeepSea Mira Rig in West Africa. TotalEnergies has exercised an option to extend its contract with Northern Ocean for the use of the DeepSea Mira semi-submersible rig, securing the rig’s operations in West Africa for an additional three months. The extension, which adds approximately 65 to 93 days to the firm…
NIMASA Honored with SERVICOM Award for Outstanding Service Delivery. The Nigerian Maritime Administration and Safety Agency (NIMASA) has been recognized with the prestigious SERVICOM Award for its exemplary service delivery, underscoring the agency’s dedication to enhancing standards, transparency, and efficiency in its operations. The SERVICOM Award is presented to government agencies that excel in public…
NUPRC to Revoke Licences of Idle Oil Blocks The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced its intention to revoke the licences of oil block owners who fail to commence exploration and production activities. This decision was disclosed by the Commission’s Chief Executive Officer, Gbenga Komolafe, during the 2024 Licencing Rounds Commercial Bid Conference…
Adedeji Commends NPA on Domestic Crude Sales Initiative Zacch Adedeji, Chairman of the Technical Sub-Committee on the implementation of the Federal Government’s policy on domestic sales of crude oil and refined products in naira, has lauded the Nigerian Ports Authority (NPA) for its exemplary leadership in ensuring the seamless operation of the One-Stop-Shop (OSS) initiative….
NERC Hands Over Lagos Electricity Regulation to State Authority In a landmark move, the Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of Lagos State’s electricity market to the newly established Lagos State Electricity Regulatory Commission (LASERC). This was announced in a statement shared by NERC on Thursday via X (formerly Twitter). The transfer…
