Category: Newsroom

As the sun rises over Lagos on this crisp Sunday morning, the energy sector’s most gripping drama continues to unfold: the escalating battle between Aliko Dangote’s Petroleum Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). What began as a shocking mass layoff of all Nigerian workers on September 26, 2025—less […]

It was a significant meeting at the office of the Special Adviser to the President on Energy, Olubukola Arowolo Verheijen, who hosted executives of Renaissance Africa Energy Company Limited, led by its Managing Director & CEO, Tony Attah. This was an opportunity to review the progress following the takeover of the Shell Petroleum Development Company […]

Femi Otedola Hails Dangote Refinery Revolution, Calls Out Outdated DAPPMAN Model in Explosive X Post **Lagos, Nigeria – September 22, 2025, 10:45 AM UTC** – Billionaire businessman and industrialist Femi Otedola has ignited a firestorm in Nigeria’s energy sector with a detailed and provocative post on X, celebrating the transformative impact of Aliko Dangote’s refinery […]

The Rural Electrification Agency (REA) and InfraCorp signed a deal with a Dutch firm to establish a 1GW solar panel manufacturing plant in Kano, creating 5,000 green jobs. The $750 million Distributed Access through Renewable Energy Scale-up (DARES) project targets 17.5 million off-grid Nigerians via mini-grids and solar home systems. REA’s Head, Abba Abubakar, noted […]

Reforms in the oil and gas sector under President Tinubu’s administration have unlocked $18 billion in Final Investment Decisions (FIDs), according to NUPRC. Highlights include the $5 billion Bonga North deepwater project by Shell and ExxonMobil, alongside $3 billion in marginal field developments awarded to indigenous firms like Aradel Holdings. Komolafe attributed the surge to […]

In a blistering escalation of Nigeria’s downstream petroleum crisis, the Dangote Petroleum Refinery has thrown down the gauntlet to the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), accusing the group of demanding an eye-watering N1.505 trillion annual “subsidy” to subsidize their logistics costs and match the refinery’s competitive gantry prices. The refinery, Africa’s […]

The Presidential Fiscal Policy and Tax Reforms Committee has clarified that household energy products like kerosene, cooking gas (LPG), and compressed natural gas (CNG) are exempt from the proposed 5% fuel surcharge under Nigeria’s new tax law. Key Clarifications: The surcharge only applies to certain fossil fuels and does not include kerosene, LPG, CNG, or […]

The Nigerian National Petroleum Company Limited (NNPCL), in partnership with TotalEnergies and South Atlantic Petroleum (Sapetro), has signed a landmark Production Sharing Contract (PSC) for deepwater petroleum prospecting licences PPL 2000 and 2001—spanning approximately 2,000 square kilometers in the Niger Delta Basin. This agreement marks the first of its kind under the Petroleum Industry Act […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has officially appointed Mr. Andy Odeh as its new Chief Corporate Communications Officer, alongside Mrs. Morenike Adewunmi as Chief Relations Officer. The announcement was made in a company statement released earlier this week. Profile of Andy Odeh: Brings over 30 years of communications and business administration experience […]

Nigerian crude oil blends recorded a strong performance in international markets this week, with Bonny Light and Brass River trading above $71 per barrel during mid-week sessions. The price surge reflects sustained demand for Nigeria’s light, sweet crude, which remains attractive to refiners due to its low sulfur content and high yield of premium petroleum […]