Tinubu Pledges Stronger Support for NDDC as Commission Marks 25th Anniversary PORT HARCOURT, Nigeria – President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to empowering the Niger Delta Development Commission (NDDC) to deliver on its core mandate of regional transformation, under the Renewed Hope Agenda. Speaking through Secretary to the Government of the Federation,…
DisCos’ non-compliance with safety guidelines cause of increased fatality, injuries in Q1 operations – NERC The Nigerian Electricity Regulatory Commission (NERC) has blamed non-compliance with safety guidelines by electricity distribution companies for the increase in deaths and injuries related to electrical accidents in the first quarter of 2025. According to NERC’s Q1 2025 report, 12…
Dangote to African CEOs: Only Africans Can Truly Develop Africa LAGOS – Africa’s richest man and industrialist, Aliko Dangote, has charged African business leaders to take the lead in transforming the continent through bold investments and visionary projects. Speaking to participants of the Global CEO Africa Programme during a visit to the Dangote Petroleum Refinery…
NIPCO Shareholders Laud Management Over Record N1.31 Billion Dividend Payout ABUJA – Shareholders of NIPCO Plc erupted in praise and jubilation during the company’s 2024 Annual General Meeting (AGM), following the announcement of a record dividend payout of N1.31 billion, translating to N7 per share. The AGM, held at the prestigious Abuja Continental Hotel, marked…
Gas Declared as Transformational Fuel for Africa at Asharami Square 2.0 Energy experts, government officials, and media leaders have unanimously declared natural gas as Africa’s transformational fuel of the future during the second edition of Asharami Square, Sahara Group’s flagship thought leadership event held in Lagos. Themed around energy access, transition, and sustainability, Asharami Square…
Egbin Power CEO Champions Sustainable Growth at Shell Power Conference 2025 The Chief Executive Officer of Egbin Power Plc, Mokhtar Bounour, has reiterated the company’s commitment to advancing sustainable development in Nigeria’s electricity sector. Speaking at the 2025 Shell Power Conference held in Ikeja, Lagos, Bounour said collaboration, innovation, and strategic investments are essential to…
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…