Nigeria Courts Global Capital with 50 Oil Blocks in 2025 Licensing Round The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on international investors to take advantage of opportunities presented by Nigeria’s 2025 oil and gas licensing round, stressing that recent regulatory reforms have created a more transparent and predictable environment for upstream investments. The…
Africa’s Energy Future Must Be African-Led, Says PETAN Chairman The Chairman of the Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya, has called for stronger indigenous leadership, investment, and policy stability across the continent, insisting that Africa must take primary responsibility for shaping its own energy future. Ogunsanya made the call on Tuesday in…
Africa Must Strengthen Cross-Border Collaboration to Deepen Local Content — NCDMB African countries must intensify cross-border collaboration and regulatory alignment to accelerate local content development and strengthen the continent’s competitiveness in the global energy market, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Ogbe, has said. Speaking at the…
Lokpobiri Urges Africa to Shift from Energy Transition to Energy Mix Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has urged African countries to shift the global conversation from “energy transition” to “energy mix,” stressing that the continent must responsibly harness its oil and gas resources to tackle energy poverty and drive…
Falcon Corporation Limited Secures ‘A’ Long-Term and ‘A1’ Short-Term Credit Ratings from Agusto & Co. with Stable Outlook Falcon Corporation Limited, one of Nigeria’s leading indigenous gas companies, has received an “A” long-term and “A1” short-term corporate credit rating with a stable outlook from Agusto & Co., Pan-African’s foremost credit rating agency. According to Agusto…
Egbin Power Launches Tech Empowerment Programme to Upskill Community Youth Egbin Power Plc has launched a tech-based empowerment programme to equip young people from its host communities of Egbin, Ijede and Ipakan with digital skills. The initiative, part of the company’s Personal Corporate Social Responsibility (PCSR) efforts, is designed to improve employability, encourage entrepreneurship and…
Oil Industry Contracting: NCDMB Issues NCEC Guidance Notes, Rules Out Transfer of Certificate Determined to speed up the oil and gas industry contracting processes, weed out firms lacking technical capacity to perform and reduce Nigeria’s cost of production, the Nigerian Content Development and Monitoring Board has issued the “NCEC Application Guidance Notes”, with effect from…
Shell honoured for “Best Oilfield Development Projects” at Abuja energy summit Shell Nigeria Exploration and Production Company Limited (SNEPCo) was recognised for its pioneering role in oilfield development projects at the 9th Nigeria International Energy Summit (NIES) which held in Abuja last week. The award for “Best Oilfield Development Projects” applauds SNEPCo’s leadership in Nigeria’s…
Sterling HoldCo’s Total Assets Nears ₦4 Trillion, Records 99% Profit Rise Sterling Financial Holdings Company Plc’s (“Sterling HoldCo”) interim, unaudited full-year 2025 financial results has revealed a growth in its stature, with the Group’s total assets approaching ₦4 trillion at the close of the year, marking an 11% year-over-year (YoY) increase. This growth in assets…
NCDMB webinar unlocks AfCFTA market access for energy sector ….. provides roadmap to $3.4tn continental market The Nigerian Content Development and Monitoring Board has outlined a practical framework for positioning Nigeria’s energy sector to access the African Continental Free Trade Area, following a strategic webinar focused on meeting rules-of-origin requirements for continental trade. The Board…