The Central Bank of Nigeria (CBN) has affirmed the capitalization of Alpha Morgan Bank, marking an important milestone in the Bank’s growth journey and reinforcing its commitment to building a strong, resilient, and future-ready financial institution. This affirmation reflects…
Dangote Refinery Raises Petrol Price to N1,175/L as Oil Hits $100
The Dangote Petroleum Refinery has reversed its recent price reduction, raising its ex-depot price for Premium Motor Spirit back to ₦1,175 per litre, a move that has prompted depot operators across the country to temporarily suspend sales transactions. A source…
Women in Energy Network Strengthens Partnership with Federal Ministry of Women Affairs on Clean Energy, Family Development and Women’s Economic Inclusion
The Women in Energy Network (WIEN) has reinforced its strategic partnership with the Federal Ministry of Women Affairs to accelerate clean energy access, women’s economic empowerment, and inclusive national development. During a high-level engagement with the Ministry, WIEN reaffirmed its…
WIEN Commends NEXIM’s Women in Oil & Gas Fund, Calls for Expanded Contract Access to Improve Utilization
The Women in Energy Network (WIEN) has formally commended the Nigerian Export-Import Bank (NEXIM) for the performance and continued impact of its Women in Oil & Gas Intervention Fund. In a statement issued following a strategic engagement with the Bank,…
Rewane Backs Africa Energy Bank as Strategic Fix for Africa’s Energy Deficiency at Aret Adams Memorial
Stakeholders in Nigeria’s oil and gas industry have renewed calls for bold financing reforms and long-term energy planning as they gathered in Lagos to honour the legacy of Aret Adams, the first Group Managing Director of the Nigerian National Petroleum…
Seplat Energy Posts $2.7bn Revenue in 2025, EBITDA Hits $1.27bn as Dividend Rises 52%
Seplat Energy PLC has reported a record financial performance for the year ended December 31, 2025, with revenue rising 144.2 percent year-on-year to $2.726 billion, up from $1.116 billion in 2024. The strong results were driven largely by the first…
REA Earmarks N170 Billion for 500 Power Projects in 2026 Budget
The Rural Electrification Agency (REA) has listed 500 projects in the 2026 budget to boost electricity supply in strategic public institutions and rural communities across the country. Managing director of the agency, Abba Aliyu, made this known while addressing journalists…
Europe Set to Break LNG Import Record in February as Gas Storage Levels Fall
Europe is on track to record its highest-ever monthly liquefied natural gas (LNG) imports in February, as declining gas storage levels and sustained winter demand drive increased purchases, according to data from analytics firm Kpler. Kpler estimates that total LNG…
Tinubu Executive Order Undermines Petroleum Industry Act, Threatens Oil Sector Growth and Jobs — PENGASSAN Warns
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned the new executive order signed by President Bola Ahmed Tinubu could destabilise Nigeria’s oil and gas sector driving away much needed investment, undermine the Petroleum Industry Act…
1 Percent Nigerian Content Levy Still Mandatory, Says NCDMB
The Nigerian Content Development and Monitoring Board (NCDMB) has warned upstream operators, contractors, and service companies that failure to remit the mandatory one percent Nigerian Content Development Fund (NCDF) levy could result in denial of regulatory approvals and certifications. While…
