Category : Search result: Power Oil


Bayelsa Governor Urges Patience on Power Project

Governor Douye Diri asks Bayelsa residents for understanding as the 60MW independent power project faces delays but is over 90% complete. Target inauguration set for February anniversary.

Power Oil Donates to Bethesda School for the Blind

Power Oil brought festive joy to Lagos's Bethesda School for the Blind, donating gifts and awarding a ₦1 million cash prize. See how the community-driven initiative made a difference.

MA'AM Energy Takes Control of Geregu Power in $750m Deal

MA'AM Energy Limited becomes the new controlling shareholder of Geregu Power Plc in a landmark $750 million transaction, leading to a complete board overhaul. Discover the details and implications for Nigeria's power sector.

Nigeria's Power Grid Collapses, Supply Drops to 50MW

Nigeria's national electricity grid collapsed on Monday, December 29, 2025, causing a nationwide blackout. Only two distribution companies received power. Read for details and restoration updates.

FG, RSE Energy Partner on Embedded Power for Industries

The Federal Government partners with RSE Energy to deploy off-grid power for industrial clusters, starting with Idu. This aims to cut costs, boost productivity, and enhance Nigeria's industrial competitiveness. Read more.

Nigeria ships 33.2m barrels of crude to U.S. in eight months

Nigeria strengthens its role as the top African crude oil supplier to the United States, exporting 33.23 million barrels worth $2.57 billion from January to August 2025. Discover the economic impact and the role of Dangote Refinery.

Trump Announces Naval Blockade Against Venezuela

US President Donald Trump announces a maritime blockade on Venezuela, demanding the return of oil and land he claims were stolen. Get the full details on this escalating crisis.

Nigeria's oil rigs stuck at 41 amid OPEC expansion

Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.

PENGASSAN warns of oil sector brain drain over low pay

PENGASSAN warns Nigeria's oil sector faces a severe brain drain due to low wages and economic hardship. Union President Festus Osifo urges immediate action to close the wage gap and retain skilled workers.

NNPC's ₦5.4trn Profit Shows Impact of Reforms

NNPC Limited's record ₦5.4 trillion profit for 2024 is hailed as proof of successful reforms under Bayo Ojulari. Discover how operational discipline and commercial changes are reshaping Nigeria's oil and gas sector.

Nigeria eyes $10bn from 50 oil blocks lease

Nigeria's NUPRC launches 2025 oil licensing round for 50 blocks, aiming to raise $10bn and boost output by 400,000 barrels per day. Discover the transparent bidding process.

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