Recently, the Federal Executive Council (FEC) directed the full implementation of the Naira-for-Crude policy for local refiners. The Naira-for-Crude policy, introduced in 2024, entails the sale of crude oil to domestic refineries– Dangote Refinery and others in naira instead of…
GENESIS Energy, Katsina State Government Sign Landmark US$500M Investment MOU
…Agreement to fund critical infrastructure, aimed at improving power access and driving massive economic growth in the State. GENESIS Energy Holding, a UK-based leading Pan-African clean energy infrastructure development and asset management company, has signed a Memorandum of Understanding (MOU)…
Seplat, Fastest Growing Nigerian Independent Energy Company – Energy Times
Seplat Energy Plc has been recognized as the Fastest Growing Nigerian Independent Energy Company for the 2024 business year by Energy Times Newspaper. The publication announced Seplat Energy as the winner of the awards at its prestigious Energy Times Awards held in…
FG To Access $2.3bn for Transmission Infrastructure Upgrade – Adelabu
The Minister of Power, Adebayo Adelabu, has announced that the pilot phase of the Siemens-backed Presidential Power Initiative (PPI) is now 90% complete. This marks a major milestone in the Nigerian government’s drive to stabilise the national grid and improve…
Adighije, Soetan, Momoh, Soneye, Oyebanji, Adelabu, Kyari, Aiboni, Others, honoured at EnergyTIMES Awards
It was a gathering of exceptional quality and professionalism as the EnergyTimes Newspaper hosted the 2nd edition of its Awards series, recognizing achievers within the energy sector. Engr. Jennifer Adighije, Managing Director/CEO of the Niger Delta Power Holding Company (NDPHC),…
FG Launches Second Phase of Presidential Power Initiative with $328 Million CMEC Contract
The Federal Government has officially launched the second phase of the Presidential Power Initiative (PPI)—commonly referred to as the Siemens Project—through the signing of a $328.8 million Engineering, Procurement, Construction, and Financing (EPC&F) contract between FGN Power Company and China…
Egbin Power Clinches 2024 Sustainable Company of the Year Award – Reaffirms Industry Leadership
Egbin Power Plc, Nigeria’s largest power generation company, has reaffirmed its industry leadership by winning the Sustainable Development Company of the Year award at the 2024 Energy Times Awards. This prestigious recognition underscores Egbin’s unwavering commitment to sustainability, innovation, and…
Nigeria’s Crude Oil Reserves Hit 37.28 Billion Barrels, Gas Reserves Rise to 210.54 Tcf — NUPRC
Nigeria’s crude oil reserves have been officially pegged at 37.28 billion barrels while its gas reserves climbed to 210.54 trillion cubic feet (tcf), according to Engr. Gbenga Komolafe, the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).…
Nigeria Gears Up for Global Spotlight at WGC 2025 as NGA Confirms Strategic Participation
The Nigerian Gas Association (NGA) has officially announced its strategic participation at the 29th World Gas Conference (WGC2025), scheduled to hold in Beijing, China, from May 19–23, 2025. During a media briefing in Lagos, NGA President, Mr. Akachukwu Nwokedi, confirmed…
LAGOS, SWEDEN Advocate Improved Collaboration For Economic Growth
Lagos State Government and Sweden have concluded plans to improve collaboration across technology, transportation, power, digital skills and other sectors to accelerate economic growth for mutually beneficial development. This was part of the outcome of a roundtable meeting between the…
