Category: Newsroom

President Bola Ahmed Tinubu has approved a 15% ad-valorem import duty on crude oil products—specifically diesel and premium motor spirit (PMS, commonly called petrol). Key Details The approval was communicated in a letter dated October 21, 2025, addressed to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). […]

United Bank for Africa (UBA) Plc, in partnership with Renewvia Solar Nigeria Limited and Norwegian-based investment arm Empower New Energy, has announced the commissioning of solar-plus-storage systems across 25 UBA branches in five Nigerian states. The initiative, unveiled at the UBA Oba Akran 2 branch in Lagos, was officially launched by Norway’s Ambassador to Nigeria, […]

The Nigerian Content Development and Monitoring Board (NCDMB) has announced a major human-capital initiative aimed at training more than 10,000 Nigerians in in-demand technical and professional skills for the oil and gas sector. The programme, named the “Oil and Gas Field Readiness Training Programme,” is designed to bridge critical skill gaps identified in the industry, […]

Nigeria’s Dangote Petroleum Refinery has announced plans to more than double its production capacity—from 650,000 barrels per day (bpd) to 1.4 million bpd—within the next three years, a move that would make it the largest refinery in the world. Aliko Dangote, President of Dangote Industries Ltd, confirmed the expansion at a briefing in Lagos, emphasising […]

Lagos State has launched Omi Eko, a €410 million initiative to transform the city’s waterways into a cleaner, safer and smarter transport network. Backed by the European Union, the European Investment Bank and the Agence Française de Développement, the project aims to reposition Lagos’ inland waterways as a core pillar of urban mobility and the […]

Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has emerged as the President of the 2026 Gas Exporting Countries Forum (GECF) Ministerial Meeting, a significant milestone that reinforces Nigeria’s leadership in global gas diplomacy. The announcement was made during the 27th Ministerial Meeting of the GECF held in Doha, Qatar. Ekpo’s appointment reflects […]

Dr. Philip Mshelbila, Managing Director of Nigeria LNG Limited (NLNG), has been elected as the new Secretary-General of the Gas Exporting Countries Forum (GECF). His election was confirmed during the 27th Ministerial Meeting of the Forum, held in Doha, Qatar. The appointment marks a significant milestone for Nigeria’s energy leadership, as Dr. Mshelbila becomes the […]

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 […]