The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is set to launch Project NEXUS, a flagship transformation initiative aimed at enhancing regulatory efficiency and positioning Nigeria as a leading energy hub in Africa. The announcement was made by NMDPRA Chief Executive Saidu Mohammed at the 26th Oloibiri Lecture Series and Energy Forum (OLEF) held in …
President Bola Tinubu’s recent approval of a ₦3.3 trillion debt settlement plan has been touted as a significant move towards fixing the liquidity crunch that has choked the Nigerian power sector for years. However, the announcement has generated mixed reactions regarding its significance in the efforts towards ending the persistent blackouts that Nigerians have grappled …
The Dangote Petroleum Refinery has reversed its recent petrol price hike, returning the ex-gantry price to N1,200 per litre. The 650,000 barrels per day refinery had on Tuesday, April 7, raised its petrol price to N1,275, a N75 increase in response to global crude oil price volatility caused by the ongoing Middle East conflict. The …
In a strategic move to resonate with Nigeria’s vibrant youth culture, MAGGI has unveiled rising music star Qing Madi as the face of its latest campaign, tagged “Me & MAGGI, So Good Together.” The unveiling took place at Nestlé Nigeria’s Head Office in Lagos, marking a shift in how the brand engages with Gen Z. …
Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC) Engr. Bashir Bayo Ojulari, has attributed the growth of crude oil production in the country in the last four years to improved security of oil pipelines in the Niger Delta. He said the establishment of the integrated energy security for pipelines in the …
The Dangote Petroleum Refinery has again adjusted its ex-depot fuel prices, reflecting the intense volatility currently gripping the global energy market. Effective immediately, the gantry price for Premium Motor Spirit (PMS), also known as petrol, has been raised to ₦1,275 per litre, while Automotive Gas Oil (AGO), commonly known as diesel, has jumped to ₦1,950 …
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on the Nigerian government to declare a state of emergency on crude oil and gas production in the country as part of efforts to boost the energy self-sufficiency drive. PETROAN National President, Dr Billy Gillis-Harry, who appeared on Channels Television Business Morning on …
For months now, electricity consumers classified under Band A —those promised a minimum of 20 hours of daily power supply—have continued to grapple with a frustrating reality of persistent power outages. In a country where darkness has long shaped daily life, the promise of a steady electricity should feel like relief. However, for many Nigerians, …
Nigeria’s aviation sector is grappling with a fresh wave of uncertainty as a sharp increase in jet fuel prices forces domestic airlines into a difficult situation. Industry analysts observe that while the cost of aviation fuel (Jet A1) has skyrocketed by over 100 per cent in recent times, domestic airlines are struggling to raise ticket …
President Bola Tinubu has approved a ₦3.3 trillion payment plan to finally settle legacy debts in Nigeria's power sector. The payment plan approval was given under the Presidential Power Sector Financial Reforms Programme. A statement signed by the presidential spokesperson, Bayo Onanuga, on Sunday, April 5, described the approval as a “full and final settlement” …
