NNPC, Chinese Firms Sign MoU Towards Restart, Expansion of Warri, Port Harcourt Refineries The NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through a potential Technical Equity Partnership in support of the completion and…
NUPRC Releases Q1 2026 DCSO Report, Reveals Supply Gaps to Local Refineries The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has released its report on the enforcement of the Domestic Crude Supply Obligation (DCSO) for the first quarter of 2026, highlighting a significant gap between crude oil volumes allocated, offered, and actually supplied to domestic refineries….
PETAN Reaffirms Commitment to Indigenous Capacity as Nigeria Takes Centre Stage at OTC 2026 The Petroleum Technology Association of Nigeria (PETAN) is pleased to announce its participation in the 2026 Offshore Technology Conference (OTC), Houston, Texas, as a key stakeholder in Nigeria’s delegation at the Nigerian Pavilion. PETAN participates in collaboration with Acme Multitech Services…
Seplat Energy’s 2026 Q1 PAT Rises by 62.7% to $37.9m … Declares US 9.0 Cents Dividend Per Share, up by 96% YoY Seplat Energy PLC, foremost Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announced its unaudited results for the for the three months ended 31 March…
AltBank Dialogue Drives Shift toward Skills, Funding for Autism Care In a move to redefine the future of children living with autism in Nigeria, stakeholders at The Alternative Bank’s Maiden Autism Stakeholders Roundtable and Policy Dialogue have advocated for a critical shift away from traditional, core academics toward vocational training, talent development, and structured financing…
OPEC Is Fracturing – But Nigeria’s Real Problem is at Home By Sola Adebawo For decades, Nigeria’s engagement with OPEC has followed a familiar script: quotas, compliance, and the politics of collective supply management. Today, that script is under strain. Much of the current commentary focuses on exits, fractures, and geopolitical divergence within OPEC. These…
Dangote Refinery Recalls Redeployed Engineers Dangote Petroleum Refinery has approved the recall of engineers previously redeployed across its business units, following what management described as a conditional pardon after internal disciplinary actions linked to operational disruptions. In an internal communication to staff, the company said the decision followed an extensive review process and numerous appeals…
President Tinubu Nominates Rabiu Abdullahi Umar as New Chief Executive of NMDPRA President Bola Ahmed Tinubu, GCFR, has approved the removal of Mr Saidu Mohammed as the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), in the public interest. The President has also approved the nomination of Mr Rabiu Abdullahi…
President Tinubu Nominates Joseph Tegbe as Minister of Power President Bola Ahmed Tinubu has nominated Mr Joseph Olasunkanmi Tegbe as Minister of Power, subject to confirmation by the Senate. The nomination has been transmitted to the Senate for screening and confirmation in accordance with the Constitution. The nomination follows the resignation of the former Minister,…
Nigeria Positions Local Oil Firms as Global Partners at OTC 2026 Nigeria is pushing its indigenous oil and gas firms as global partners, using the Offshore Technology Conference 2026 in Houston to attract investment and reshape industry perceptions. The Petroleum Technology Association of Nigeria (PETAN) says its delegation is focused on converting technical capacity into…