NEITI Calls for End to Multiple Taxation in Nigeria’s Solid Minerals Sector The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged policymakers to establish a harmonized, transparent, and predictable regulatory framework for the solid minerals sector to sustain growth and attract long-term investments. Speaking at the 2025 Nigeria Mining Week in Abuja, the Executive Secretary…
Shell Approves $2 Billion Investment for New Offshore Gas Project in Nigeria Shell has announced a $2 billion Final Investment Decision (FID) for the development of a new offshore gas project in Nigeria’s HI Field, located in Oil Mining Lease (OML) 144 — a major milestone that underscores renewed investor confidence in the country’s energy…
African Shipowners Unveil Continental Cadetship Scheme to Build Skilled Maritime Workforce The African Shipowners Association (ASA) has announced a continent-wide cadetship and crew development programme aimed at tackling the chronic shortage of skilled maritime professionals across Africa. Speaking with The Punch, Captain Ladi Olubowale, President of ASA’s Nigeria Chapter, explained that the initiative will connect…
NERC Launches Investigation as Death Toll Among Power Workers Rises to 38 in Q2 2025 The Nigerian Electricity Regulatory Commission (NERC) has begun an investigation into the alarming rise in fatalities among power sector workers, following the deaths of 38 electricity employees in the second quarter of 2025. According to NERC’s latest quarterly report, all…
Shell invests in Nigeria offshore gas development Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, together with Sunlink Energies and Resources Limited, have taken a final investment decision (FID) on the HI gas project offshore Nigeria. When completed, the project will supply 350 million standard cubic feet (approximately 60 thousand…
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…