ICP Hub Singapore, funded and supported by the DFINITY Foundation, the creator of Internet Computer Protocol (ICP), is proud to announce its prominent showcase at the Singapore Fintech Festival. Located in Hall 4, directly opposite the Talent Stage, ICP Hub…
“Komolafe Denies N32bn Revenue Leakage, Highlights NUPRC’s Transparency and Investor Confidence”
Engr. Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has firmly refuted allegations of a N32 billion revenue leakage within the commission. Testifying before the House of Representatives Public Accounts Committee, Komolafe clarified that NUPRC…
Heirs Energies CEO to Highlight African Energy Leadership at African Energy Week 2024
Heirs Energies, a leading integrated energy company in Africa, announces its participation in the prestigious African Energy Week (AEW) 2024, taking place from November 4-8 in Cape Town, South Africa. Osa Igiehon, CEO of Heirs Energies, will represent the company…
FG Appoints Afreximbank as Settlement Bank for Naira-Based Transactions on Crude Oil, Petroleum Sales
With the commencement of PMS production from the Dangote Group’s 650,000-barrel-per-day refinery, the Federal Government of Nigeria has appointed the African Export-Import Bank also known as Afreximbank as the Settlement Bank for naira-based transactions on crude oil and refined petroleum…
Divestment: NUPRC to Resolve Shell’s $1.3bn Renaissance Africa Deal, Gets Vote of Confidence from Energy Adviser, Olu Verheijen
…Insists Nigeria is open to investors as Government Accelerates Focus Shift to Deep Offshore and Gas Operations The Special Adviser to the President on Energy, Olu Verheijen, has expressed confidence in the ability and commitment of the Nigerian Upstream Petroleum…
NAPE Pre-Conference: Leveraging Divestments, Local Content Capacity to Enhance Nigeria’s Oil and Gas Industry
As the 42nd annual international conference of the Nigerian Association of Petroleum Explorationists (NAPE) approaches, taking place from November 10-14, a pre-conference workshop has been held to discuss critical issues impacting the industry. In his opening remarks, Dr. Abiodun Ogunjobi,…
Dangote Petroleum Refinery Clarifies: No Payments Received from IPMAN for Refined Products
The Dangote Petroleum Refinery has clarified it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to purchase refined petroleum products. In a statement made available to the media, the refinery stated that although discussions…
NMDPRA: Nigeria’s Daily Fuel Consumption Could Reach 50 Million Liters – Farouk Ahmed
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has stated that petrol consumption had fallen to 4.5 million liters following the removal of subsidies by President Bola Tinubu. He made this disclosure at…
Seplat Energy Reports 9M N1.071 Trillion Revenue Growth for 2024
Seplat Energy PLC, a prominent independent energy company in Nigeria listed on both the Nigerian Exchange and the London Stock Exchange, has announced its unaudited results for the nine months ending September 30, 2024. The company reported a robust underlying…
OTL Africa: Pinnacle CEO Highlights Major Changes in Nigeria’s Downstream Sector Following Subsidy Removal
* Highlights Transformations in Nigeria’s Downstream Sector Robert Dickerman, CEO of Pinnacle Oil and Gas Limited, has emphasized that the downstream sector of Nigeria’s oil and gas industry is experiencing significant changes and challenges following the removal of subsidies. He…
