DAPPMAN Seeks Urgent Fix for Energy Infrastructure The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has urged government to address the nation’s aging pipelines, inefficient ports, and infrastructure gaps. DAPPMAN Chairperson, Mrs Moroti Adedoyin-Adeyinka, made the appeal on Wednesday during the OTL Africa Downstream Week 2025 in Lagos. She was represented by Mrs…
MEMAN Highlights Emerging Downstream Business Models Following Fuel Subsidy Removal …Urges operators to invest in battery storage, LPG and CNG infrastructure The Major Energy Marketers Association of Nigeria (MEMAN) has said that the removal of fuel subsidy has transformed Nigeria’s downstream sector, opening up opportunities for innovative business models such as Energy-as-a-Service (EaaS), integrated multi-energy…
FG Should Be Commended for Democratization of Investment in Power Sector – Omoboriowo The Chairman, Board of Directors, Genesis Energy Holdings, Akinwole Omoboriowo, has commended the Federal Government for creating an enabling environment that allows broader participation and investment in Nigeria’s power sector through the Electricity Act 2023. Speaking with journalists at the Nigeria Leadership…
Nestoil Reassures Investors of Financial Stability Amid Ongoing Legal Dispute Nestoil Group has moved to allay concerns among its partners and investors following recent media reports about enforcement actions against some of its assets, confirming that the issue stems from a commercial dispute currently before the courts. In a statement issued by its Corporate Communications…
AFC-Backed Firm Reaches Financial Close on 200MW Wind Farm in Egypt The Africa Finance Corporation (AFC) has announced that its portfolio company, Infinity Power, Africa’s largest independent renewable energy provider, has achieved financial close on the 200-megawatt (MW) Ras Ghareb Wind Farm project in Egypt. The project marks another major step in AFC’s mission to…
Komolafe Meets Bank of America Executive, Seeks Increased Funding for Nigeria’s Oil Production The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has met with the Managing Director and Head of Investment Banking Sub-Saharan Africa at Bank of America, Mr. Chuba Ezenwa, as part of renewed efforts to attract investments…
FG Enforces New Capital Requirement for DisCos, Unveils N4trn Debt-Clearing Plan The Federal Government has introduced a new policy requiring electricity Distribution Companies (DisCos) to meet a minimum capital adequacy requirement as part of the conditions for renewing their operating licences. The Minister of Power, Chief Adebayo Adelabu, announced the policy on Tuesday while delivering…
PINL Offers Free Surveillance of Oil and Gas Facilities Near TNP Pipeline Infrastructure Nigeria Limited (PINL) has announced the expansion of its surveillance operations — at no cost — to cover all oil and gas facilities located near the Trans Niger Pipeline (TNP). The company said the decision to render the service pro bono was…
Dangote Refinery Begins Expansion To 1.4 Million Barrels Per Day, Eyes World’s Largest Status The Dangote Refinery has commenced construction on a major expansion project that will increase its production capacity from 650,000 barrels per day (bpd) to 1.4 million bpd, positioning it as the largest refinery in the world upon completion. According to the…
Aradel Holdings to Acquire Additional 40% Stake in ND Western Aradel Holdings Plc has announced that its wholly-owned subsidiary, Aradel Energy Limited, has entered into a definitive agreement to acquire an additional 40 percent equity interest in ND Western Limited from Petrolin Trading Ltd. This was disclosed in a statement by the company’s Chief Financial…