Anambra community protests 10 years of neglect by oil firm
Residents of Ogwu Ikpele in Anambra block oil company SPEECO, citing a decade of unfulfilled promises, environmental damage, and lack of basic amenities. Read their full demands.
Category : Search result: Sterling Petroleum Energy Exploration Company
Abuja Disco Restructures into HoldCo, Unveils New Subsidiaries
Abuja Electricity Distribution Plc (AEDC) has restructured into a Holding Company, creating Niger and Kogi DisCos to comply with the 2023 Electricity Act. Read about the new leadership and strategic goals.
Nigeria's November Oil Output Falls to 1.486m bpd
Nigeria's crude oil production declined to 1.486 million barrels per day in November 2025, falling short of its OPEC quota. Experts cite insecurity and policy gaps as key reasons. Read the full analysis.
NNPCL Boss: Company is Reliable Engine of Economic Growth
NNPCL GCEO Bayo Ojulari declares the state oil firm a reliable engine for Nigeria's economy, citing record production and key infrastructure milestones. Read his full vision for 2026.
First Female NUPRC Chief Eyesan Drives Upstream Reforms
Chief Mrs. Oritsemeyiwa Eyesan makes history as the first woman to lead Nigeria's upstream oil regulator. Discover her strategic vision for boosting production, gas monetisation, and transparency to attract investment and secure Nigeria's energy future.
Over 20 Nigerian Banks Now Meet CBN Recapitalisation Target
More than 20 Nigerian banks, including Sterling Bank, FirstBank, and UBA, have successfully met the Central Bank's new capital requirements. Discover the impact on sector resilience and the economy.
SAIPEC 2026 to Spotlight Nigeria's Oil Licensing Round
The 10th Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) will focus on Nigeria's oil licensing round. Key speakers from across Africa confirmed for the Lagos event in February 2026. Read more for details.
DAPPMAN Supplies 60% of Nigeria's Petrol, Backs Energy Security
DAPPMAN affirms its members supply 60% of Nigeria's petrol, pledging to sustain this in 2026 to support national energy security amid downstream sector reforms. Read more.
Eterna Plc Opens N21.52bn Rights Issue
Eterna Plc has opened a N21.52 billion rights issue to fund its downstream expansion and strengthen its balance sheet. The offer closes on February 18, 2026. Read the full details.
AlphaESS Opens Nigerian Subsidiary for Energy Transition
AlphaESS inaugurates its Nigerian subsidiary, committing to local support and long-term partnership to accelerate Nigeria's renewable energy transition. Learn about the new 'Shine 30·30·30' ESG initiative.
Ogoni Stakeholders React to Abe, Kobani Board Nominations
Ogoni stakeholders commend Magnus Abe and Kenneth Kobani's nominations to NUPRC and NMDPRA boards but insist appointments don't signal oil resumption. They demand environmental cleanup first.
Akwa Ibom: Soldier kills 13-year-old boy on New Year
The Ukpum Ete community in Akwa Ibom demands justice after a soldier allegedly shot dead 13-year-old Timothy Daniel on New Year's Day. Read the full story.
Soldier kills 13-year-old in Akwa Ibom New Year tragedy
A 13-year-old boy, Timothy Daniel, was shot dead by a soldier in Akwa Ibom on New Year's Day. The community demands justice. Read the full report.
Nigerian Lawyer Femi Gbede Wins Global Leader Award
Investment lawyer Femi Gbede receives the Emerging Global Leader Award at the Global Entrepreneurship Festival in Accra. Discover his vision for legal leadership and global impact.
NNPC Lists Top Assets for Sale, Opens Bidding Process
NNPC launches a formal bid to sell stakes in key oil and gas assets. This strategic divestment aims to attract investors, boost production, and reshape Nigeria's energy sector under the PIA reforms.
NNPC Scores Zero in ICPC 2025 Anti-Corruption Assessment
Nigeria's NNPC scored zero in ICPC's 2025 Ethics and Integrity Scorecard, ranking last among 357 agencies. This shock result raises major governance concerns despite the oil company's recent profit announcements.
NNPC Profit Hits N5.4tn as Directors' Pay Soars 58%
NNPC Limited reports record N5.4 trillion profit while directors' fees jump to N4.1 billion. Zero staff resignations in 2024 as administrative costs surge. Read the full analysis.
OML 30 Sees Rising Production After Major Restructuring
Heritage Energy says years of restructuring and investment in OML 30 are now yielding rising production and stronger reserves. The firm prioritized long-term stability over short-term gains.
All On's Clean Energy Reaches Over 1 Million Nigerians
All On's 2025 Impact Report reveals its clean energy investments have improved lives for over one million Nigerians. Discover how strategic funding is bridging the energy gap.
Nigeria Suspends 15% Fuel Import Duty Amid Backlash
The Nigerian government suspends a controversial 15% fuel import duty to avoid festive season price hikes. Experts warn of policy inconsistency and the need for long-term energy security. Read more.
First Woman Appointed as NUPRC CEO, WIME Lauds Tinubu
Women in Maritime & Energy (WIME) commends President Tinubu for appointing Mrs. Oritsemeyiwa Eyesan as the first female Chief Executive of Nigeria's upstream oil regulator. Read more on this milestone for gender inclusion.
Indigenous Firms Control 50% of Nigeria's Oil, Gas Output
The Independent Petroleum Producers Group (IPPG) announces indigenous firms now account for over 50% of Nigeria's crude oil and gas production. Discover the impact on energy security and sector growth.
Heirs Energies Gets $750m Afreximbank Financing
Heirs Energies secures a landmark $750 million financing from Afreximbank, marking a major vote of confidence in Nigeria's indigenous energy sector. Read the full story.
7 Steps for Nigeria to Become Africa's Energy Leader
Energy expert Canice Emeka outlines seven non-negotiable steps Nigeria must take by 2035 to become Africa's largest and most reliable energy powerhouse. Learn the plan.
Clean Energy Improves Lives of 1 Million Nigerians
A new report reveals strategic clean energy investments have powered over 230,000 Nigerian homes and businesses, improving health and economic prospects. Discover the impact.
Reps Panel Pushes for Fuel Supply Sufficiency, Downstream Efficiency
The House Committee on Petroleum (Downstream) outlines a legislative push to strengthen local refining and stabilise Nigeria's fuel sector ahead of 2026. Read the full plan.
Sterling Bank, PAU Partner to Certify Non-Oil Exporters
Sterling Bank and Pan-Atlantic University's EDC have signed an MoU to certify graduates of the Non-Oil Export Academy, aiming to build a globally competitive export community and diversify Nigeria's economy. Read how this initiative will empower Nigerian
TotalEnergies Sells 40% Nigerian Offshore Stake to Chevron
TotalEnergies divests 40% stake in two Nigerian offshore licences to Chevron, forming a new joint venture to accelerate exploration in the West Delta basin. This marks a strategic realignment amid Nigeria's push for new oil investments.
$5B Africa Energy Bank HQ Complete in Abuja
Nigeria has completed the headquarters of the $5 billion Africa Energy Bank in Abuja. Minister Heineken Lokpobiri confirms all host obligations are met, paving the way for operations to begin. Read more.
TotalEnergies Sells Nigeria Offshore Stake to Chevron
French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron subsidiary. Deal aims to develop new opportunities in Nigeria's oil sector.
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