FG to Pay N185bn Gas Debt to Improve Power Generation
President Tinubu approves N185bn payment to gas producers to restore supply, boost electricity generation, and rebuild investor confidence in Nigeria's power sector.
President Tinubu approves N185bn payment to gas producers to restore supply, boost electricity generation, and rebuild investor confidence in Nigeria's power sector.
A Nigerian DIY expert demonstrates that cooking with an induction cooker powered by solar energy is faster and more economical than using expensive gas. See the viral video and public reactions.
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.
TotalEnergies Nigeria's Obi Imemba calls for a strategic pivot in implementing Nigeria's local content law, advocating for maximizing net value retention over rigid percentage targets. Read his full proposal.
Three teenagers tragically died after their car plunged into a swimming pool in France. Nitrous oxide canisters were found inside. Read the full details of this heartbreaking incident.
UK PACT launches a national project to equip Nigerian businesses with tools to reduce greenhouse gas emissions and air pollution from transport, aiming to save lives and boost green growth.
Eterna Plc plans to raise N21.52 billion through a rights issue to fund expansion in retail, LPG, and aviation. Shareholders can buy 3 new shares for every 4 held. Read details.
The European Union has struck a landmark deal to end all imports of Russian gas by 2027. Get the full timeline and details on this major energy shift.
The European Union has agreed to ban all Russian gas imports by 2027, aiming to cut off funds for Moscow's war. Discover the timeline and implications for energy security.
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.
UK's GETI commends NUPRC for transparent $10bn oil licensing round. Digital portal for 50 blocks aligns Nigeria with global best practices, boosting investor confidence. Read more.
NCDMB and Bank of Industry launch a $100m equity fund to boost local oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.
Dr. Ifeoma Douglas calls on Nigerians to complement government efforts in aiding the less privileged. The Ssonic Gas Company Foundation launch in Abuja distributed aid to thousands.
Policy group CEAR praises NNPC's historic N5.4 trillion profit, crediting CEO Bayo Ojulari's leadership for resetting standards in Nigeria's oil and gas sector. Discover the details.
NCDMB and BOI launch a $100m Equity Investment Scheme to boost indigenous oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.
Dangote Refinery increases cooking gas price to N820 per kg, triggering nationwide retail hikes just before Christmas. Analysts question the move amid favourable global oil trends. Read more.
Britain withdraws funding for TotalEnergies' Mozambique LNG project, citing national interests. The $20bn project, paused after a deadly 2021 attack, faces new hurdles. Read more on the implications for Africa's energy sector.
Britain withdraws funding for TotalEnergies' Mozambique LNG project, citing national interests. The $20bn project, halted by jihadist violence, faces new hurdles. Read the full analysis.
Nigeria launches ambitious 50-block oil and gas licensing round starting December 1. International roadshows planned to attract global investors and boost energy sector growth.
Discover Grace Charis, the TikTok golf sensation transforming the sport with her viral content and impressive skills. Learn about her journey, net worth, and how she's inspiring a new generation of golfers.
Lagos State Government reveals over 4,000 companies emit greenhouse gases. New registry launched to track emissions and promote environmental compliance across sectors.
Niger Delta accountability network refutes House Committee claims, says Petroleum Industry Act implementation is on track and bringing stability to oil sector. Read full details.
Britain's Labour government signals a policy shift, permitting limited oil and gas extraction in existing North Sea fields despite a prior ban on new licenses. Discover the details.
President Bola Tinubu celebrates former NNPC GMD Dr. Jackson Gaius-Obaseki's 80th birthday, praising his decades of service in Nigeria's oil and gas sector. Read more about his remarkable career.
Governor Siminalayi Fubara assures investors Rivers State is secure and open for oil and gas business. Discover opportunities in Nigeria's hydrocarbon heartland.
President Tinubu celebrates Dr. Jackson Gaius-Obaseki's 80th birthday, praising his transformative impact on Nigeria's oil and gas sector. Read about his legacy and NNPC's new health scheme.
NNPC Limited announces record N5.4 trillion profit after tax for 2024 and reveals ambitious $60 billion investment strategy to boost oil, gas and clean energy capacity by 2030.
NNPC Limited reveals a ₦5.4 trillion profit and outlines a bold 2025 strategy focusing on increased oil production to 1.8 million bpd, aggressive gas monetisation, and cost-cutting measures. Discover how this impacts Nigeria's economy.
Tragic gas explosion in Ibadan's Biodun Alaadun area leaves three dead, including shop owner. Oyo State Fire Service confirms incident details and restoration of normalcy.
A tragic gas explosion in Ibadan's Bioku-Alaadun area has claimed multiple lives and damaged properties. Emergency services are on site. Learn more about the incident and crucial safety measures.