Aradel Reports N67.1 Billion Pre-Tax Profit Aradel Holdings Plc has released its financial statements for the quarter ended 31st March 2025, reporting a pre-tax profit of N67.1 billion. This reflects a 70.08 per cent increase compared to N39.4 billion recorded in Q1 2024, supported by stronger crude oil revenue. Total revenue for the quarter rose…
NNPC Sacks Refinery MDS, Others in Major Shake-up The National Petroleum Company Limited (NNPCL) has dismissed the managing directors of its three key refineries in Port Harcourt, Warri, and Kaduna, in a sweeping leadership overhaul aimed at reviving Nigeria’s underperforming refining sector and aligning operations with President Bola Tinubu’s energy reform agenda. Among those affected…
Egbin Power: Balancing core duties with corporate social responsibility By Oke Peter As the largest thermal power plant in Sub-Saharan Africa, Egbin Power has long been entrusted with the critical responsibility of generating electricity for Nigeria’s National Grid. Despite the intensity of this national assignment, the company has consistently maintained a strong presence in corporate…
Gas Flaring From Offshore Operations Costs Nigeria N118bn in 2 Months – NOSDRA The National Oil Spill Detection and Remediation Agency, NOSDRA, says gas flaring from offshore oil and gas operations led Nigeria to a loss of $78.2 million (about N118.864 billion) in January and February this year as oil and gas companies operating in…
Seplat Energy’s Revenue Rises to N1.228 Trillion in 2025 Q1 …Declares US 4.6 Cents Dividend Per Share in Q1 Seplat Energy PLC, leading Nigerian independent energy Company listed on both the Nigerian Exchange and the London Stock Exchange, has announced its audited results for the three months ended 31 March 2025, recording a revenue of…
Minister of State for Petroleum Resources (Gas) leads NGA, Nigerian Delegations to World Gas Conference 2025 in Beijing, China The Nigerian Gas Association (NGA) proudly confirms that Nigeria’s presence at the World Gas Conference (WGC) 2025 will be headlined by strong government and energy industry leaders. Leading the strong Nigerian Delegation to the triennial…
Delta State Partners Xenergi on Eco-Industrial Park Development The government of Delta State has struck collaboration with Africa’s foremost petroleum industry solutions provider, Xenergi Limited, to establish a robust infrastructure and facility base for development of the KGG Gas Eco-Industrial Park (KGIP). The collaboration, according to the partners, brings the Xenergi consortium, the Delta State…
FG Bans waivers for Threaded Pipes, as Monarch Alloys Opens Factory The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobirion Thursday announced a ban on the issuance of waivers for the importation of threaded pipes for use in the Nigerian oil and gas industry. He handed the directive to the Nigerian Content Development…
Over 300 Renewable Energy Professionals Showcase DRE Technologies At All On, REA Forum …To Explore World Bank’s DARES Project No fewer than 300 professionals from a diverse range of off-grid developers from across Nigeria’s renewable ecosystem participated at the Decentralised Renewable Energy (DRE) Developer Forum jointly organised by All On and Rural Electrification Agency…
NCDMB visits MT Group’s facilities, pledges support for firm’s valves manufacturing plans A delegation from the Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday visited MT Valves West Africa Free Zone at Lekki Free Zone, Lagos, to assess the firm’s operations and plans to invest in a 15,000 tons per year valves manufacturing facility….