Shell Goes Big in Nigeria: Bonga Boost, Gas Expansion, and Renewable Push Shell is making a major statement in Nigeria, announcing a three-pronged strategy to boost its presence in the country: extending the life of the iconic Bonga FPSO, expanding its gas portfolio, and investing heavily in renewable energy solutions. Bonga Main Life Extension Project:…
AfCFTA: NCDMB Advocates Database of Skills, Uniform Standards for Goods, Services As plans to implement the African Continental Free Trade Agreement (AfCFTA) continue to unfold, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated the removal of visa restrictions among African nations, the creation of a database of available skills, and the simplification of…
SPDC restores Crude Oil Supply to Port Harcourt Refinery, Bolstering Nigeria’s Economy In line with the Federal Government’s drive to enhance domestic refining capacity and improve product availability in Nigeria, the Shell Petroleum Development Company of Nigeria Limited (SPDC), operating via its Bonny Oil & Gas Terminal (BOGT), has successfully delivered over 475,000 barrels of…
Access Bank CEO Herbert Wigwe Dies in Helicopter Crash Access Holdings Plc., parent company of Access Bank, confirms the death of its Group Chief Executive Officer (CEO), Dr. Herbert Wigwe, in a helicopter crash on Friday, February 9th. Tragically, Wigwe’s wife and son also perished in the accident along with a former Chairman of the…
EEDC Prepaid Meter Upgrade: What You Need to Know (With More Details) Enugu Electricity Distribution Company (EEDC) has recently addressed misleading information circulating about their planned STS prepaid meter upgrade and Token Identifier (TID) Rollover. To provide clarity and equip customers with accurate information, here’s a breakdown with more details: The Misinformation: A message circulating…
Federal High Court Upholds NMDPRA’s Authority to Impose Statutory Levies In a landmark ruling, the Nigerian Federal High Court has upheld the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) power to impose and collect levies on petroleum products sold within Nigeria. This decision marks a significant judicial interpretation of the Petroleum Industry Act 2021…
NERC Imposes Heavy Sanctions on 11 Discos for Non-Compliance with Billing Regulations The Nigerian Electricity Regulatory Commission (NERC) has levied a substantial fine of N10.5 billion on eleven electricity Distribution Companies (DisCos) for their failure to adhere to the monthly capping of estimated bills. This sanction comes as a response to their non-compliance with regulations…
APM Terminals Announces $500 Million Investment in Apapa Port In a significant move set to bolster Nigeria’s maritime sector, APM Terminals’ Global CEO, Mr. Keith Svendsen, has unveiled plans to inject $500 million into the Apapa Port. The announcement came during a high-profile meeting with the Minister of Marine and Blue Economy, Adegboyega Oyetola, as…
Nigeria’s Maritime Agency (NIMASA) Unveils Service Charter to Boost Blue Economy Nigeria’s maritime sector is set for a boost as the Nigerian Maritime Administration and Safety Agency (NIMASA) unveiled a new Service Charter aimed at improving efficiency and driving sustainable development in the nation’s “Blue Economy”. Key Highlights: Commitment to service excellence: The Minister of Marine…
Nigeria Grapples with Gas Shortage, Government Forms Committee to Find Solutions Persistent low gas supply has crippled power generation across Nigeria, prompting the government to establish an inter-ministerial committee to address the issue. This committee, formed by the Ministry of Power and the Ministry of Petroleum Resources Gas, aims to identify sustainable solutions for ensuring…
