Oil Prices Surge Past $100 as Trump Threatens to Blockade the Strait of Hormuz Oil prices surged back above $100 a barrel in early Asian trade following the collapse of U.S.-Iran negotiations and Trump’s announcement that the U.S. would blockade the Strait of Hormuz. At the time of writing, West Texas Intermediate was trading at…
CPPE Faults World Bank’s Fuel Import Push, Warns of Risks to Nigeria’s Economy The Centre for the Promotion of Private Enterprise (CPPE) has criticised the World Bank over its recommendation that Nigeria increase imports of fuel and food, describing the advice as inconsistent with the country’s current economic reforms and recovery efforts. In a statement…
Power Generation Rises Above 4,300MW as Gas Supply Improves — Adelabu Nigeria’s Minister of Power, Adebayo Adelabu, has reported a noticeable increase in electricity generation, attributing the improvement to enhanced gas supply to thermal power plants. According to a statement issued by his Special Adviser on Strategic Communications and Media Relations, Bolaji Tunji, power output…
NERC Issues Mini-Grid Regulation 2026 to Boost Electricity Access The Nigerian Electricity Regulatory Commission (NERC) has released the Mini-Grid Regulations 2026, establishing a comprehensive framework to guide the development, operation, and oversight of mini-grids across the country. The new regulation, titled NERC-R-001-2026, is designed to expand electricity access—particularly in unserved and underserved communities—while ensuring safety…
AOW: Energy on the Dawn of a New Era for Nigeria & African Upstream Markets Nigeria’s onshore, swamp, and shallow-water basins remain among the most technically rich and commercially attractive in Africa, it could even be argued in the world. The momentum we are seeing around interest in marginal fields, mature assets, and brownfield redevelopment…
Lagos Turns to EPAIL for Security Equipment Supply Deal The Lagos State Security Trust Fund (LSSTF) has strengthened efforts to enhance Nigeria’s domestic security manufacturing capacity through a strategic engagement with Equipment and Protective Applications International Limited (EPAIL Nigeria). The Executive Secretary/Chief Executive Officer of LSSTF, Ayo Ogunsan, disclosed this during a working visit to…
Oando Plans to Raise $750 Million for Drilling to Boost Output By 300% The oil and gas company is hoping to tap the improved investor appetite for West African producers amid turmoil linked to the Iran war, its Chief Executive Officer, Wale Tinubu told Reuters. Oando is among a handful of local companies that have…
Renaissance MD, Attah at Nigerian Content Lecture, Predicts Merger of Operators, Outlines Funding Instruments for Projects Managing Director of Renaissance Africa Energy Company Limited, Engr. Tony Attah has predicted that many indigenous oil and gas operators in Nigeria will within the next decade consolidate strategically and form consortiums to take advantage of emerging opportunities. He…
NCSP DG Participates in Inaugural World Data Organization Assembly in Beijing The Director-General of the Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, joined other international delegates at the inaugural assembly of the World Data Organization (WDO), held recently in Beijing. The high-level gathering convened over 500 participants, including senior government officials, multilateral institutions, and digital technology…
NNPC’s CFO Champions Data-Driven Decisions for Investments NNPC Limited’s Chief Financial Officer (CFO), Adedapo Segun, yesterday headlined a panel session at the Society of Petroleum Engineers (SPE) 2026 Oloibiri Lecture and Energy Forum (OLEF) held in Abuja, Nigeria, themed “Capital Allocation beyond Brownfield vs. Greenfield: Data-driven investment decisions.” In his remarks, Segun, who was represented…