NMDPRA Dismisses Smear Campaign Against CEO Farouk Ahmed as Baseless and Politically Motivated The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has strongly condemned a series of recent media publications and protest actions calling for the resignation of its Chief Executive, Engr. Farouk Ahmed, labeling them as unfounded and orchestrated attacks lacking credibility. In…
Petralon Energy Targets 2,500bpd Output Boost with New Well Drilling at Dawes Island In a move set to bolster Nigeria’s crude oil production, indigenous exploration and production firm Petralon Energy has announced a projected output increase of 2,500 barrels per day (bpd) following the successful drilling of a new well at the Dawes Island field….
Dangote: Nigeria’s Refineries May Never Work Again Despite $18bn Spent — Slams Systemic Failure Billionaire industrialist Aliko Dangote has cast a dark shadow over the future of Nigeria’s state-owned oil refineries, warning that they may never operate effectively again despite over $18 billion spent on their rehabilitation. Speaking on Thursday during a visit by members…
PHOTOS FROM BUSINESS DAY CEO’S RETREAT L-R: Partner/Head of Tax, KPMG Nigeria, Adewale Ajayi; Managing Director/CEO, Renaissance Africa Energy Company Limited, Tony Attah, Publisher, BusinessDay newspaper, Frank Aigbogun; Managing Director/CEO of Aradel Holdings Plc. Gbite Falade; and Chief Operating Officer, Seplat Energy, Samson Ezugworie, at the 2025 BusinessDay Annual CEO Nigeria Forum in Lagos… on…
NCDMB Launches Nigerian Content Fund Certificate, Disburses $400m to Boost Indigenous Oil & Gas Firms In a major move to enhance transparency and boost local participation in Nigeria’s oil and gas sector, the Nigerian Content Development and Monitoring Board (NCDMB) has officially introduced the Nigerian Content Fund Clearance Certificate (NCFCC) — now a mandatory compliance…
NCDMB Takes Centre Stage at 2025 NOG Conference, Showcasing Local Content Success and Regional Impact Abuja, Nigeria – July 5, 2025 — The 2025 Nigeria Oil and Gas (NOG) Conference held in Abuja spotlighted the Nigerian Content Development and Monitoring Board (NCDMB) as a key driver of Nigeria’s evolving energy landscape, reinforcing its central role…
NNPC Ltd Donates 35 CNG Buses to Presidential Initiative, Reinforces Commitment to Clean Energy In a significant move toward promoting cleaner energy and reducing transportation costs, the Nigerian National Petroleum Company Limited (NNPC Ltd) has donated 35 hybrid Compressed Natural Gas (CNG)-powered buses to the Presidential Initiative on Compressed Natural Gas (Pi-CNG). The handover ceremony,…
Seplat, Oando, Renaissance, Nembe Set to Boost Nigeria’s Oil Production At the recently concluded NOG Energy Week conference in Abuja, several leading indigenous oil and gas companies expressed their commitment to increasing Nigeria’s oil production. Executives from Seplat, Oando, Renaissance Africa Energy Company, and Nembe Exploration and Production Company shared insights on ongoing efforts, achievements,…
Dangote Holds the Key to Lower Inflation – Says Economic Think Tank Nigeria’s inflation battle may soon have a formidable ally: the Dangote Petroleum Refinery. In its July Executive Breakfast Presentation, renowned economic think tank Financial Derivatives Company (FDC) Limited spotlighted the Dangote Refinery as a pivotal force in stabilising fuel prices, reducing transportation costs,…
Chevron Advocates Pragmatic Approach to the Future of Energy at NOG 2025 Chairman and Managing Director of Chevron companies in Nigeria, Jim Swartz, has called for a balanced and pragmatic approach to Nigeria’s energy future, emphasizing the need to meet growing demand while ensuring the availability of affordable, reliable, and ever-cleaner energy. Swartz made this…
