The Bureau of Public Enterprises, acting on behalf of the Federal Government, has begun processes for the sale of five power plants under the National Integrated Power Projects. Despite indications from sources familiar with the matter suggesting that the plants’ value should surpass $5 billion according to international benchmarks, it was disclosed that the BPE […]

Seven major oil marketers in Nigeria, including 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, TotalEnergies Ltd, and NNPC Retail, have registered with the Dangote Petroleum Refinery for the lifting and distribution of refined petroleum products. The Major Oil Marketers Association of Nigeria (MOMAN) confirmed their registration and expressed their intention to start

President Bola Tinubu has approved the appointment of a Governing Council for the Midstream and Downstream Gas Infrastructure Fund (MDGIF) to be domiciled in the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The president mandated the appointees to discharge their duties by upholding the highest standards of transparency, discipline, and patriotism in line with

President Bola Tinubu has urged the Nigerian National Petroleum Company Limited (NNPCL) Board to commence work immediately, warning that non-performance will not be tolerated. He made these remarks during the inauguration of the NNPC board and management team in Abuja. Tinubu emphasized that a sense of entitlement will not be tolerated, and the board may

TO streamline the oil and gas sector, the Federal Government has announced plans to automate the process of issuing export permits. The decision followed a crucial stakeholders meeting, weekend, led by the Minister of Industry, Trade and Investment, Dr. Doris Anite. The meeting addressed key issues hindering growth and efficiency in the sector, particularly around

During the 3rd African Local Content Roundtable in Abuja, Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources, called upon stakeholders and experts in Nigeria’s oil and gas industry to utilize the country’s petroleum resources for the benefit of its citizens. He highlighted the vast hydrocarbon reserves in Africa, estimating that the continent collectively

The Nigerian Gas Association (NGA) is urging for an urgent and thorough review of the Petroleum Industry Act (PIA) following extensive engagement and consultation with stakeholders. The President of the NGA, Akachukwu Nwokedi, made this call during a media briefing with Energy Correspondents in Lagos, Nigeria, on September 11, 2023. While acknowledging the positive aspects