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…
OTL Africa 2024: First Bank Assures of Continued Investment in Africa’s Oil and Gas Sectors
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…
