Nigeria Boosts Oil Exports with $400m Indigenous Otakikpo Terminal — First Onshore Facility in 50 Years Nigeria has further strengthened its oil export capacity with the commissioning of the $400 million Otakikpo Oil Export Terminal in Rivers State — the country’s first onshore oil export terminal in five decades. Strategic Location and Capacity Located in…
Nigeria Launches First Wholly Owned Floating Storage Vessel to Boost Crude Exports Nigeria has taken a major step forward in its oil and gas sector with the launch of the country’s first wholly owned Floating Storage and Offloading (FSO) vessel, marking a new era in crude oil evacuation and export. A 2.2 Million-Barrel Capacity National…
Benin, Togo Default on $8.5m Electricity Debt to Nigeria — NERC Report Neighbouring West African countries Benin and Togo have fallen behind on their electricity payments to Nigeria, leaving an outstanding balance of $8.5 million for power supplied in the second quarter of 2025, according to the latest report by the Nigerian Electricity Regulatory Commission…
Iledare Faults Tinubu’s Selective Implementation of Petroleum Industry Act Renowned petroleum economist, Professor Omowumi Iledare, has criticised President Bola Ahmed Tinubu’s selective implementation of the Petroleum Industry Act (PIA), warning that it undermines transparency and governance principles in Nigeria’s oil sector. In a statement titled “PIA and the Peril of Executive Discretion,” Iledare faulted the…
Eko DisCo Creates Excel Electricity Distribution Company as Subsidiary Eko Electricity Distribution Company Plc (Eko DisCo) has announced the registration of Excel Electricity Distribution Company Limited, its fully owned subsidiary that will oversee all electricity distribution operations in Lagos State. In a public statement, Eko DisCo said the restructuring complies with the Lagos State Electricity…
Sahara Group Foundation Expands ‘Go Recycling’ Hubs to Promote Sustainability Sahara Group Foundation has commissioned its 15th Sahara Go Recycling Hub in Ijede, Ikorodu, Lagos, reinforcing its commitment to environmental protection, sustainable waste management, and community empowerment. Located opposite the Ijede General Hospital, the new hub extends a growing network of 14 recycling centres across…
Kukah, Sanusi, Atedo, Others Urge Labour to Protect National Interest, Defend Dangote Refinery A coalition of respected Nigerian leaders — including Bishop Matthew Hassan Kukah, Khalifa Muhammad Sanusi II, and business icon Atedo Peterside — has cautioned organised labour against actions that could destabilize Nigeria’s economy or disrupt operations at the Dangote Petroleum Refinery. In…
Lokpobiri: Nigeria’s Refining Expansion to Power West Africa’s Energy Security Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, says the country’s growing refining capacity will position it as West Africa’s main supplier of petroleum products and reduce the region’s dependence on imports. Delivering the keynote address at the CORAN Summit in Lagos,…
CORAN Chair: Africa’s Energy Security Lies in Local Refining Africa’s long-term energy security depends on its ability to refine crude oil locally, the Chairman of the Crude Oil Refinery Owners Association of Nigeria (CORAN), Mr. Momoh Jimah Oyarekhua, has declared. Speaking at the CORAN Summit themed “Refining: Key to Energy Security in Africa,” Oyarekhua said…
NUPRC at Four: A Measured Journey of Reform, Resilience, and Regulatory Maturity The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has marked its fourth anniversary with a comprehensive performance report that highlights key achievements in rig activity, investment attraction, and governance reforms — a clear sign of maturing regulatory oversight and institutional growth. Since the enactment…
