Savannah Confirms Appointment of Uyi Akpata as Non-Executive Director Further to its announcement on 9 October 2025 of the intended appointments of two Nigerians to its board, Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, has confirmed the appointment of Uyi Akpata as a Non-Executive Director with…
Dangote Refinery Cuts Fuel Prices Again, Signals Further Moderation …Reduces PMS by N200 per litre in one month, says refinery absorbed global oil price surge Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the ex-depot price of Premium Motor Spirit (PMS), marking its fourth price cut within a month as the company said…
Shell, Banks Launch $3 billion Contractor Support Fund Shell Nigeria Exploration and Production Company Ltd (SNEPCo) today took a major step towards empowering Nigerian contractors with the launch of a $3-billion Contract Finance Facility in partnership with nine leading Nigerian banks. The facility is designed to provide credit support for local contractors executing projects…
NCDMB Rewards Engineering Excellence, As Modibbo University Wins N50m at Engineering Olympiad The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its position at the forefront of Nigeria’s drive to develop indigenous engineering capacity, rewarding exceptional innovation and investing in a new generation of young Nigerians whose ideas are poised to shape the country’s…
Beyond the Barrel: Why Produced Water Could Define Africa’s Next Energy Revolution As Africa’s energy sector expands, industry leaders argue that the future of oil and gas will depend not only on how hydrocarbons are produced, but also on how the water that accompanies them is managed. Once regarded as an unavoidable waste stream, produced…
Dangote Refinery Refutes False Claims on PMS Export and Re-importation The Management of Dangote Petroleum Refinery and Petrochemicals has noted with concern the circulation of unfounded and misleading claims suggesting that its petroleum products are exported to Lomé and subsequently re-imported into Nigeria. The company in a statement stated that, as a matter of…
SEC Orders Halt to Unauthorized Dangote Refinery IPO Promotions The Securities and Exchange Commission (SEC) has directed all capital market operators and digital investment promoters to immediately cease all promotional and solicitation activities relating to a purported public offering of shares by Dangote Petroleum Refinery & Petrochemicals FZE, warning that no such offer has been approved. In a public notice issued on June 23, 2026, the Commission said it had observed the circulation of advertisements, flyers, digital banners and targeted electronic messages across social media and investment platforms inviting members of the public to participate in what was presented as a securities offering by the refinery. The regulator expressed concern over the involvement of some registered capital market operators in soliciting advance subscriptions and expressions of interest for an offering that has not been submitted to or cleared by the Commission. According to the SEC, no application for the registration of an Initial Public Offering (IPO) or any public share offering by Dangote Petroleum Refinery & Petrochemicals FZE has been filed with or approved by the Commission. The SEC warned that the ongoing promotional activities could mislead investors, distort market expectations, create information asymmetry and undermine confidence in the integrity of the Nigerian capital market. It further stated that the distribution of unapproved prospectuses and invitations encouraging investors to create accounts, pre-fund transactions or secure guaranteed share allocations amount to market manipulation and constitute serious violations of the Investments and Securities Act, 2025. Consequently, the Commission ordered all registered capital market operators, particularly stockbrokers and digital platform promoters, to immediately stop publishing, reposting or distributing any materials relating to the acquisition or allocation of shares in the refinery. The regulator also directed operators to remove all unauthorized marketing materials from websites, social media platforms and messaging groups within 24 hours of the notice….
Nigeria Inspects $400m Rare Earth Processing Plant in Nasarawa Nigerian government officials have inspected a $400 million rare earth processing facility being developed in Nasarawa State, as the country intensifies efforts to strengthen local mineral processing and reduce reliance on raw mineral exports. The plant, under construction by indigenous mining firm Hasetins Commodities Limited in Uke, is expected to increase the company’s processing capacity by 12,000 tonnes annually, bringing its total output to 18,000 tonnes per year. A delegation from the Federal Ministry of Solid Minerals Development (MSMD), led by the Director of Mining Inspectorate, Ganiyu Imam, alongside officials from the ministry’s environmental compliance department, visited the site to evaluate the project’s adherence to environmental, safety and regulatory standards. During the inspection, ministry officials said the project had so far demonstrated compliance with key regulatory requirements, particularly in environmental planning and safety management. They, however, urged the company to sustain high standards throughout the construction and operational phases. Representing the Director of Mines Environmental Compliance, Deputy Director Oladehinde Oladusi commended the company’s approach to responsible mineral development. “The commitment that we have seen so far is different from the narrative of some others who simply extract minerals and leave,” Oladusi said. He noted that Hasetins had completed the necessary environmental and social impact assessments and appeared to be adopting technologies designed to minimise environmental risks associated with mineral processing activities. Oladusi also encouraged the company to maintain strong relationships with host communities through effective community development agreements, describing such engagement as critical to preventing future disputes and ensuring sustainable operations. The project aligns with Nigeria’s broader strategy of expanding domestic value addition within the mining sector by promoting local processing and refining rather than the export of raw mineral resources. Rare earth elements and other critical minerals have become increasingly important in global supply chains due to their applications in electric vehicles, renewable energy systems, electronics manufacturing and defence technologies. Speaking during the visit, the Managing Director and Chief Executive Officer of Hasetins Commodities Limited, Prince Jidayi, said the facility would process rare earth minerals alongside other critical metals, including tantalum, tungsten and tin. “For decades the narrative has been of raw extraction and immediate export,” Jidayi said. “This plant will process rare earth metals and other critical minerals in-country.” He added that the company plans to deploy closed-loop processing technologies aimed at reducing environmental impacts and ensuring responsible management of mining waste. Jidayi further disclosed that the company has already established regional and satellite processing centres to integrate artisanal and small-scale miners into a more structured and formal supply chain. According to him, the initiative will provide miners with safety training, equipment support and organised offtake arrangements, helping to improve standards across the sector. The inspection comes as Nigeria ramps up efforts to attract investment into its solid minerals industry as part of a wider strategy to diversify the economy and reduce dependence on oil revenues.
NCDMB, TotalEnergies Launch Human Capacity Development Programme for 34 Cadets The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with TotalEnergies Limited and other industry stakeholders, has flagged off the Nigerian Content Human Capacity Development (NCHCD) Programme for 34 cadets as part of efforts to strengthen local capacity and advance Nigerian Content development in the oil and gas industry. The flag-off ceremony commenced with a safety briefing and the introduction of representatives from NCDMB, TotalEnergies, PIDWAL, STOILIC, the Oil and Gas Trainers Association of Nigeria (OGTAN), and SLC, highlighting the collaborative nature of the initiative. In her opening remarks, Ms. Alexis Emelle described the training programme as a rare opportunity for participants to acquire valuable skills and build successful careers in the oil and gas industry. She also conveyed a goodwill message on behalf of the Executive Secretary of NCDMB, Engr. Felix Ogbe, who stated that the programme represents a strategic investment in the future of Nigerian professionals. According to him, the initiative aligns with the Board’s commitment to developing local capacity, increasing indigenous participation in the industry, and creating sustainable opportunities that support national growth. Ogbe encouraged the cadets to remain disciplined, focused, and committed throughout the programme, noting that the oil and gas industry requires competent professionals, innovators, and problem-solvers capable of handling critical responsibilities. He also commended TotalEnergies Limited for its continued partnership with NCDMB in supporting programmes designed to equip Nigerians with the technical knowledge and expertise required to excel in specialised areas of the industry. The NCHCD Programme is expected to contribute to the development of a skilled workforce, further strengthening Nigerian participation across the oil and gas value chain and supporting the objectives of the Nigerian Oil and Gas Industry Content Development Act.
Dangote Refinery Denies Claims of Fuel Re-importation Via Togo The management of Dangote Petroleum Refinery has dismissed allegations that petroleum products refined at its facility are exported to Lomé, Togo, and subsequently re-imported into Nigeria, describing the claims as unfounded and lacking commercial justification. In a statement issued on Tuesday, the refinery said it was compelled to respond to what it described as a “web of falsehoods” despite its policy of not reacting to baseless and unsubstantiated claims. According to the company, the allegation is inconsistent with both available trade realities and the refinery’s commercial objectives, which are focused on strengthening its position as a leading supplier of petroleum products in the Nigerian market. “Facilitating imports that compete directly with our own production would be inconsistent with this objective,” the refinery stated, adding that its sales contracts and tender terms expressly prohibit the resale or re-importation of its products into Nigeria. Dangote Refinery also argued that the economics of such a trade arrangement do not support the claims. It estimated that transporting petroleum products from its facility to Lomé and back into Nigeria would cost between $82 and $90 per metric tonne, making the transactions commercially unattractive. The company noted that it does not offer export discounts large enough to offset the additional logistics, storage, financing, and handling costs involved in such a process. “Simply put, there is no evident commercial incentive for a producer to incur additional shipping, storage, financing and handling costs only for the product to return and compete in its largest and closest market,” the statement said. The refinery further highlighted its product traceability systems and compliance procedures, stating that it maintains detailed records of all product sales, including lifting locations, nominated vessels, counterparties and destination declarations where applicable. It stressed that suggestions that it knowingly facilitates the re-importation of products into Nigeria are inconsistent with the contractual restrictions imposed on buyers and the refinery’s established compliance controls. Reiterating its long-standing position on energy security, the company said…