TotalEnergies Divests 50% of 424 MW Portfolio in Greece In line with its renewables business model, TotalEnergies has closed the sale to Asterion Industrial Partners of 50% of its 424 MW wind and solar portfolio in Greece. This transaction values the portfolio at €508 million, equivalent to approximately €1.2 million per MW installed. TotalEnergies retains…
THE POWER TWINS OF NIGERIAN ENERGY The Power Twins of Nigerian Energy: Meet the Falade Brothers In the competitive corridors of West Africa’s oil and gas industry, a rare biological and professional phenomenon is unfolding. Gbite and Leye Falade are more than just contemporaries. They are identical twins whose lives have mirrored one another from…
Seplat Energy Appoints Mohammed, Ettah as Independent Non-Executive Directors Seplat Energy has announced the appointment of Engineer Saidu Aliyu Mohammed and Mr. Larry Ephraim Ettah as Independent Non-Executive Directors, effective January 1, 2026. The appointments come following the resignations of Mr. Bello Rabiu and Mr. Babs Omotowa from the Board in April 2025, who were…
CORRUPTION: Farouk Moves to Pay over N200bn Bridging Claims as Dangote Petitions ICPC The Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ahmed Farouk, is facing intensifying scrutiny following moves to pay more than N200 billion in outstanding bridging claims to oil marketers, even as the President of Dangote Group, Aliko…
NNPC Confirms Containment of Breach on Escravos–Lagos Pipeline NNPC Limited has confirmed the successful containment of an incident reported on Thursday, December 11, 2025, involving a section of the Escravos–Lagos Pipeline System (ELPS) in South-West Warri, Delta State. In an update issued on Friday, the national oil company said coordinated containment measures had been swiftly…
Inside Nigeria’s Overstretched Care Homes: The Quiet Struggle at Modupe Cole By Sola Adebawo Hidden amid Lagos’ dense landscape of schools, hospitals, charities, and foundations lies the Modupe Cole Memorial Child Care and Treatment Home and School in Akoka—an institution carrying an emotional and moral weight few can ignore. For more than six decades, Modupe…
Fuel Price Falls to N739 per Litre in Lagos as Dangote Signals Tougher Times for Importers Petrol prices dropped sharply in Lagos on Monday as filling stations operated by MRS Oil Nigeria Plc, the lead offtaker of the Dangote Petroleum Refinery, began selling Premium Motor Spirit (PMS) at N739 per litre, down from N885. The…
Dangote Group Appoints Former CBN Director, Dr Hassan Mahmud, as Group Chief Economist Dangote Group has appointed renowned economist and former Director at the Central Bank of Nigeria (CBN), Dr Hassan Mahmud, as its Group Chief Economist, in a move aimed at strengthening the conglomerate’s economic advisory and policy intelligence capacity. The appointment comes at…
NLNG Bids Farewell to MD Philip Mshelbila as Adeleye Falade Named Successor Nigeria LNG Limited (NLNG) has formally marked the end of an era as its Managing Director and Chief Executive Officer, Mr Philip Mshelbila, prepares to bow out of office after more than four years of transformative leadership. The company on Friday held a…
NNPC E&P Limited Sets New Production Record at 355,000 Barrels Per Day Ojulari: Nigeria’s Energy Revival Is No Longer a Promise — It Is in Motion NNPC Exploration & Production Limited (NEPL), the flagship upstream subsidiary of NNPC Limited, has recorded a historic production milestone, hitting 355,000 barrels of oil per day (bpd) on December…