First Bank of Nigeria (FBN) Plc, has re-affirmed its commitment towards enhancing investment in Africa’s oil and gas sectors. With a robust presence across six African nations and strategic partnerships in the UK, France, and China, the bank is poised…
NMDPRA Calls for Investments to Tackle Inefficiencies in Nigeria’s Petroleum Supply Chain
Mr. Ogbugo Ukoha, the Executive Director, Distribution, Storage System and Retail Infrastructure at the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has highlighted significant inefficiencies and cost challenges in Nigeria’s petroleum distribution infrastructure. Speaking at Day Two of the…
FG Moves to Reduce LPG Prices by Banning Exports
Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has voiced serious concerns over the rising prices of Liquefied Petroleum Gas (LPG), commonly referred to as cooking gas, in Nigeria. In response to the escalating costs, the Minister…
HEDA Writes AGF, Urges Recovery of Over $55 Billion Owed to Nigeria by International Oil Companies (IOCs)
The Human and Environmental Development Agenda (HEDA Resource Centre) has called on the Honourable Attorney-General of the Federation, Prince Lateef Fagbemi, SAN, to take immediate action to recover over $55 billion owed to the Nigerian government by International Oil Companies…
Igiehon, Heirs Energies CEO calls for urgent action to harness gas resources for Nigeria’s energy future
… identifies collaboration between GenCos, TCN, DisCos as key to unlocking Nigeria’s power sector potential Osayande Igiehon, Chief Executive Officer of Heirs Energies Ltd, emphasized the need for timely action in leveraging Nigeria’s gas resources to secure the country’s energy…
Polaris Bank Partners NCF to Extend Tree Planting Initiative to Abuja, Anambra
Polaris Bank, in a robust display of its commitment to environmental sustainability, has expanded its nationwide tree-planting initiative in collaboration with the Nigerian Conservation Foundation (NCF). The latest exercise took place at Government Secondary School, Gwagwalada, in the Federal Capital…
Heirs’ Energies CFO, Nwanze forecasts $135 billion needed for power sector decarbonization by 2060.
… recommends innovative financing and strategic collaboration to drive Nigeria’s energy transition Samuel Nwanze, Executive Director and Chief Financial Officer of Heirs Energies, has urged the adoption of innovative financing mechanisms, including green bonds and blended finance, to accelerate the…
UTM Offshore to Unveil FID for $5bn Floating LNG Project; Spotlights Local Content as a Key to Africa’s Energy Security
Mr Julius Rone, the Group Managing Director/CEO of UTM Offshore Limited, has declared that before the end of 2024, an announcement on the Final Investment Decision (FID) on the $5billion Floating LNG Project will be made. Mr Rone, widely known…
Zenith Bank Boosts Digital Banking: E-Channel Services Get a Major Upgrade!
Zenith Bank, one of Nigeria’s leading financial institutions, has restored improved services across its electronic transaction channels, ensuring customers have seamless access to banking services. In a statement released on Thursday via its X handle, the bank confirmed that customers…
Increase NNPCL Stake in Dangote Refinery to 45%, Adopt NLNG Model: Pengassan Advises Whilst Charting Path To Nigeria’s Energy Future
Rising from the 3rd edition of the recently held PENGASSAN Energy and Labour Summit (PEALS 2024), senior staff in the Nigerian petroleum and natural gas sector have strongly advocated for an increased focus on energy security whilst x-raying the industry’s…
