The Nigerian Content Development and Monitoring Board (NCDMB) has sealed a deal to acquire 20 per cent equity in a 100,000 barrels per day (bpd) refinery project being established by African Refinery Group Ltd, in partnership with the Nigerian National…
IFC Awards EDGE Green Building Certification to Access Bank Nigeria
Access Bank PLC, a leading African bank, has received the IFC EDGE (Excellence in Design for Greater Efficiencies) Green Building Certification for its banking headquarters, called Access Tower, located in Oniru, Victoria Island, Lagos. The EDGE Green Building certification program,…
Global Telecoms Industry Revenue Rose 4.3% in 2023 to hit US$1.1 trillion
…But faces continuing headwinds – even as 5G subscriptions are projected to quadruple by 2028 – PwC Global Telecoms Outlook Global telecoms revenue is projected to rise at a CAGR of 2.9% through to 2028, below inflation, even as the…
NIES 2025: Gas No More Just A Transition Fuel, But Now A Destination Fuel – Okon
Shattering complacency, urging industry leaders and policymakers to abandon short-term fixes and commit to a long-term vision, Engr Effiong Okon delivered a bold and insightful perspective on the future of domestic gas utilization in Nigeria. Okon, known industry wide as…
Dangote Crashes PMS Price by N65 to N825 per Litre
Dangote Petroleum Refinery & Petrochemicals has slashed the price of Premium Motor Spirit (PMS), or petrol, for the second time this month. It has cut N65 off the previous price of N890, bringing it down to N825 per litre at…
Seplat Energy’s Landmark Acquisition Deal Wins Big at NIES, Earning High Praise from Industry Stakeholders
The energy sector erupted in celebration at the Nigeria International Energy Summit (NIES) in Abuja, where industry leaders and global stakeholders recognized Seplat Energy’s strategic vision and execution. The company’s Chief Executive Officer, Mr. Roger Brown, was on ground to…
IPPG Chairman, Abdulrazaq Isa Highlights Key Energy Initiatives at NIES 2025 – Unveils New Logo
The Chairman of IPPG, Abdulrazaq Isa has identified strategic collaborations and discussions in the oil and gas sector as platforms to foster dialogue and contribute in shaping Africa’s energy future. Isa stated this during the Ministerial Welcome Dinner of the…
Global Funding Essential for Africa’s Energy Security – Heritage Energy
Reverend Sola Adebawo, General Manager of Government, Joint Venture, and External Relations at Heritage Energy Operational Services Limited (HEOSL), Operator of the OML 30 Joint Venture between NNPC E & P Limited and Shoreline Natural Resources Limited (SNRL) has called…
NERC Directs DisCos to Publish Details of Meter Purchase Refunds to Customers
The Nigerian Electricity Regulatory Commission (NERC) has directed all electricity distribution companies (DisCos) to publish refunds made to customers who purchased meters under the meter asset providers (MAP) scheme. The directive, published on its social media handles on Monday, was…
Petrol Marketers Warn of Shutdown Over N100 Billion Unpaid Claims
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to shut down operations if the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) fails to pay an outstanding N100 billion in bridging claims. The Gombe Depot Chairman of IPMAN, Abdul…
