Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per litre, down from N1,075 per litre at the gantry price, in an effort to better serve its customers and Nigerians in general. Since it…
Dr. Julius Rone, GMD/CEO of UTMOL, Honoured at Nigerian Oil and Gas Forum Awards
The Group Managing Director/CEO of UTM Offshore Limited (UTMOL), Dr. Julius Rone, OFR, was among the dignitaries who bagged different awards at the 2025 edition of the Nigeria Oil and Gas Forum Awards. The award recognizes trailblazers whose vision, dedication,…
NESG Pushes FG Support for $1 Trillion Local Economy as Dangote Sends Jet Fuel to Aramco
The Federal Government has been urged to support local industries in driving economic growth and achieving a $1 trillion economy target for Nigeria. This call was made by the Nigerian Economic Summit Group (NESG) during a visit to Dangote Fertiliser…
Oando Delivers Strong FY2024 Results: 45% Revenue Surge to N4.1 Trillion Fuels N65.5 Billion Profit
Africa’s leading integrated energy company, Oando PLC, has announced a stellar financial performance for FY 2024, achieving a remarkable 45% year-on-year revenue growth to N4.1 trillion, driven by the successful acquisition and integration of additional 20% stake in NAOC Joint…
NNPC Launches 5 Mini-LNG Plants, Boosts Gas Supply by 97 Million Cubic Feet Daily
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its partners have launched five mini-Liquefied Natural Gas (LNG) plants in Ajaokuta, Kogi State, marking a significant step towards deepening domestic gas utilization. This groundbreaking initiative aligns with the Federal Government’s…
Access Bank to Host Pioneering Africa Trade Conference in Cape Town
Access Bank PLC is set to host its first-ever Africa Trade Conference (ATC), a landmark event focused on advancing Africa’s economic transformation under the theme, ‘Empowering Africa Through Trade, Innovation, and Sustainable Growth’. Scheduled for March 12, 2025, in Cape…
NIES 2025 International Session to Unlock Africa’s Energy Future Through FDI
One of the cornerstone sessions of the 2025 Nigeria International Energy Summit (NIES), the International Panel, will spotlight the transformative role of Foreign Direct Investment (FDI) in accelerating growth across Africa’s oil, gas, and power sectors. This pivotal session, themed…
President Tinubu is Taking In-Country Gas Utilisation to Unprecedented Levels — Soneye, NNPC Ltd Spokesperson
Described by Nigerians from all walks of life as unprecedented, President Bola Tinubu will be performing the groundbreaking ceremony for five mini-LNG plants in Ajaokuta, Kogi State. NNPC Ltd’s Chief Corporate Communications Officer, Olufemi Soneye spoke to a select group…
US $910 Million Needed To Support Humanitarian Efforts in North-East Nigeria in 2025 – United Nations
Given declining global funding for humanitarian efforts, the 2025 Nigeria HNRP aims at strengthening efficiency in the delivery of aid A total of just over US$ 910 million is required to respond to the humanitarian needs of 3.6 million people…
Algeria’s Bid Round Paves Way for $50B Hydrocarbon Investment Drive
As part of a five-year licensing strategy, Algeria’s ongoing bid round aims to drive significant upstream investment and will be highlighted at the Invest in African Energy Forum in Paris this May Algeria is set to invigorate its hydrocarbon sector…
