Avuru to Indigenous Operators: Asset Access without Capital, Execution Capacity Is Empty Victory The Executive Chairman and Founder of AA Holdings Ltd., Mr. Austin Avuru, has warned indigenous operators that asset acquisition alone will not translate to barrels without matching investment, infrastructure and execution muscle. Avuru gave the warning while speaking at the high-level…
President Tinubu Receives NNPC’s 2025 Audited Financial Statement Group Chief Executive Officer, NNPC Limited, Engr. Bashir Bayo Ojulari at the Presidential Villa in Abuja, presented the Company’s 2025 Audited Financial Statement (AFS) to President Bola Ahmed Tinubu GCFR. Ojulari, who was accompanied by the Company’s Group Chief Finance Officer (CFO), Dapo Segun, presented the…
Seplat Energy Advances Tree4Life Programme, Targets One Million Trees by 2030 Seplat Energy has strengthened its commitment to climate action and environmental sustainability through its Tree4Life Programme, which recently achieved a major milestone with the planting of 200,000 trees, reinforcing the company’s ambition to establish one million trees by 2030. The Tree4Life Programme is…
Shell Signs Agreement to Sell Nigeria Domestic Gas Business to Vaaris Energy Shell Petroleum B.V. has signed an agreement to sell its full interest in the Shell Nigeria Gas Group to indigenous firm Vaaris Energy Limited, marking Shell’s exit from domestic gas distribution in Nigeria. Shell Nigeria Gas operates a domestic gas distribution business…
Nigeria Needs a Bankable Gas Market to Thrive- Engr. Emenike, Nigeria’s quest to build a thriving gas economy will remain stalled unless government liberalizes pricing and creates a truly bankable, paying gas market that guarantees returns for investors, Acting Managing Director and Gas Asset Manager at Neconde Energy Limited, Engr. Chichi Emenike has warned. Engr….
Modular Refineries Key to Africa’s Fuel Security – Rainoil. The Managing Director of Rainoil Limited, Emmanuel Omuojine, has called for a shift towards modular refineries and market-driven pricing to strengthen energy security and competitiveness in Nigeria and across West Africa. Omuojine made this call during a high-level energy industry panel discussion, at the Association of…
FG seeks infrastructure, capital to unlock 215trn scf gas reserves. The Federal Government has called for greater access to infrastructure, capital, markets and predictable regulation to unlock the value of Nigeria’s estimated 215 trillion cubic feet of proven gas reserves. The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, said access to…
FG Targets Steady Electricity to All Nigerians; Commits to Clearing Legacy Debts to GenCos – Tegbe The Federal Government has reaffirmed its commitment to delivering steady electricity to every Nigerian, and says it will finish paying the legacy debts owed to power generation companies (GenCos), while ensuring that the vulnerable groups are adequately protected….
Dangote Refinery Extends IPO to October 27 as African Investor Demand Surges. …SEC approves extension to deepen cross-border participation …Dangote: We have exceeded our fundraising target, but our priority is bringing more Africans into ownership …Kenyan parliamentary leaders back Lamu refinery, pledge support for IPO Dangote Petroleum Refinery and Petrochemicals has extended the closing date…
Nigeria Wants More Refining. Where Will the Crude Come From? By Sola Adebawo Nigeria’s refining debate has turned to a more fundamental question: can the country reliably supply the crude its refineries need, and on what terms? On 9 October, Finance Minister Taiwo Oyedele said Nigeria did not have enough freely available crude to meet…