KEY POINTS The Nigerian Navy has uncovered and dismantled an active illegal refining site in Allison Community, Bonny Local Government Area of Rivers State, recovering more than 20,000 litres of …
KEY POINTS The Federal Government has announced that ongoing reforms in Nigeria’s power sector have attracted about $2 billion in fresh investments while reducing sector liabilities to approximately N146 billion. …
KEY POINTS The African Development Bank, AfDB, has approved a $5.65 million grant to support Peace Renewable Energy Certificate mini-grid projects across 14 African countries, targeting improved electricity access for …
KEY POINTS The Nigerian National Petroleum Company, NNPC, has said Nigeria is witnessing increased demand for its liquefied natural gas cargoes, as global energy disruptions create new commercial opportunities. The …
KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has signed Petroleum Exploration Licence No. 5 with SeaSeis Geophysical Limited to advance offshore exploration activities. The agreement authorises the company, …
KEY POINTS The Central Bank of Nigeria, CBN, has approved full repatriation of export proceeds by international oil companies, granting them unrestricted access to 100 percent of their foreign exchange …
KEY POINTS The Nigerian Electricity Regulatory Commission, NERC, has inaugurated a new forum designed to strengthen coordination and improve effectiveness in electricity regulation across Nigeria, as the country continues to …
KEY POINTS Oil producers operating in Nigeria are now receiving significantly faster approvals to revive idle wells, as authorities move to boost crude output and strengthen the country’s position in …
KEY POINTS The Dangote Refinery has raised concerns over a major shortfall in crude oil allocations under the Federal Government’s crude-for-naira programme, revealing that it is receiving far fewer shipments …
KEY POINTS Nigeria recorded a combined crude oil and condensate production shortfall of about 16.6 million barrels in January and February 2026, according to data released by the Nigerian Upstream …
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