International Electricity Customers Owe Nigeria $8.84 Million, NERC Report Reveals ABUJA, Nigeria – A recent report released by the Nigerian Electricity Regulatory Commission (NERC) has exposed a significant financial deficit in the nation’s power sector, with international customers owing Nigeria $8.84 million for electricity supplied in the fourth quarter of 2024. The NERC report detailed…
Dangote Refinery, Others Face $1.4bn Monthly Crude Import Bill Amid Uncertainty The Dangote Petroleum Refinery and several modular refineries in Nigeria are projected to spend approximately $8.56 billion over six months to import an estimated 122.4 million barrels of crude oil to reach full operational capacity. This translates to about $1.43 billion per month in…
Multisub Energy and OHCDT Empower Host Communities with Solar Lights and Infrastructure Projects …NUPRC Applauds Multisub’s Commitment to Social Investment In a move to uplift and empower host communities, Multisub Energy Limited, an indigenous oil and gas exploration and production company, in collaboration with the Olure Host Communities’ Development Trust (OHCDT), has commissioned several community…
Axxela Strengthens Commitment to Energy Security, Industrialisation, and Sustainability in Lagos Axxela Limited, a foremost provider of gas and power solutions in sub-Saharan Africa, has reaffirmed its dedication to bolstering energy security, driving industrial growth, and championing environmental sustainability in Lagos State. This pledge was made during a courtesy visit by the company’s leadership to…
PETAN Unveils Official Program for Nigerian Pavilion at OTC 2025 The Petroleum Technology Association of Nigeria (PETAN), in collaboration with the Nigerian National Petroleum Company (NNPC) Ltd. and the Federal Ministry of Petroleum Resources, has officially announced the program lineup for the 2025 edition of the Offshore Technology Conference (OTC). This year’s event, under the…
The Impact of 2.0 on Energy Financing President Trump is actually 2.0 because he came first time and this is his second coming. But Trump is not the person but a phenomenon and how it does affect us? How does it affect the energy industry and how it is being financed and the way new…
FG Commences Construction of Nsik Oil & Gas CNG Mother Station in Akwa Ibom The Federal Government has flagged off the construction of a 10 million standard cubic feet per day (MMSCF/D) Compressed Natural Gas (CNG) Mother Station by Nsik Oil and Gas Limited in Uquo Isi Edoho, Esit Eket Local Government Area, Akwa Ibom…
Xenergi Limited Refutes Allegations of Involvement in Delta State Land Dispute The management of Xenergi Limited has taken notice of media reports crediting a statement from Axxela Limited with allegations that directly infer that our company is involved in a land dispute between Axxela and our host communities in Delta State. Xenergi Limited categorically refutes…
Dangote Group Set to Develop Nigeria’s Largest Seaport in Ogun The President and Chief Executive of Dangote Industries Ltd, Alhaji Aliko Dangote, has unveiled ambitious plans to establish Nigeria’s largest seaport at the Olokola Free Trade Zone (OKFTZ) in Ogun Waterside Local Government Area. This announcement signals the company’s return to the strategic zone, thanks…
NCDMB Tackles Sterling Oil Over Non-Compliance with Nigerian Content Regulations The Nigerian Content Development and Monitoring Board (NCDMB) has responded firmly to recent concerns raised by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over allegations of expatriate quota abuse and anti-labour practices by Sterling Oil Exploration and Energy Production Company (SEEPCO)….
