Nigeria’s downstream oil market is facing heightened volatility as new data from the Major Energy Marketers Association of Nigeria (MEMAN) Competency Centre reveals a significant rise in the estimated cost of importing refined petroleum products. The MEMAN Energy Bulletin released…
Bavaria Set to Be Home to New German Gas Power Plants
Germany’s new government is set to build gas plant plants in the southern state of Bavaria, Economy Minister Ketherina Reiche said on Monday. Attending a meeting of the Bavarian Cabinet in the lakeside resort of Gmund am Tegernsee, Reiche said…
NAEC 2025: Energy Future, Investment in Focus as Ministers and Experts Convene
The Association of Energy Correspondents of Nigeria (NAEC) has announced that the 2025 edition of its highly anticipated annual conference will take place on October 9, 2025, at the Eko Hotel & Suites, Lagos, under the theme: “Nigeria’s Energy Future:…
Relief at the Pumps: Fuel Prices Drop in Abuja and Other Major Cities
Nigerian motorists are beginning to feel a slight but welcome sense of relief as pump prices for Premium Motor Spirit (PMS), commonly known as petrol, have seen a modest decline across key cities including Abuja, following a recent wave of…
ECOWAS President: Dangote Refinery Can Meet Region’s Petroleum Needs
L -R; Chairman, MRS Oil Nigeria Plc, Sayyu Dantata; ECOWAS Commissioner for Infrastructure, Energy and Digitalisation; Sédiko Douka; President/ CE, Dangote Industries Ltd; Aliko Dangote; President, ECOWAS Commission; H. E. Dr. Omar Aliau Touray; ECOWAS Commissioner for Internal Affairs; Prof.…
NERC: Abuja Electricity Disco Fined N1.69BN For “Crazy Billing” Practices
THE Nigerian Electricity Regulatory Commission (NERC) has imposed a fine of N1.69 billion on Abuja Electricity Distribution Company (AEDC) for “crazy billing” practices. This regulatory action aims to protect consumers from unfair billing practices and ensure compliance with industry standards.…
TotalEnergies Divests Non-Operated Interest in Nigeria’s Bonga Field, Sells Stake in OML 118 to Shell for $510 Million
In a strategic move to streamline its upstream portfolio, TotalEnergies has signed an agreement to divest its 12.5% non-operated interest in Nigeria’s OML 118 Production Sharing Contract (PSC) to Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for $510 million.…
NLNG Launches Human Capital Development Programme Under Train 7 Project
NLNG launches its Train 7 Project Human Capital Development (HCD) Basic Training Supplementary Programme which is a milestone in NLNG’s broader commitment to achieving Nigerian Content targets and empowering the nation’s youth through skills-based development.
NNPC Ltd Alerts Nigerians, Denounces Deepfake Video Endorsing Fake Investment Scheme
The Nigerian National Petroleum Company Limited (NNPC Ltd) has formally disclaimed a deceptive video circulating online which falsely claims the company is promoting a poverty alleviation and investment scheme. In a statement issued by its Chief Corporate Communications Officer, Olufemi…
NERC Introduces N2.17/kWh Tariff Levy to Fund Transmission Infrastructure Projects
In a bold initiative to boost Nigeria’s electricity transmission capacity, the Nigerian Electricity Regulatory Commission (NERC) has announced the creation of a Transmission Infrastructure Fund (TIF), to be financed through a new tariff levy of N2.17 per kilowatt-hour (kWh) of…
