The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said constructing more modular refineries can help curb the cases of oil theft, pipeline vandalism and illegal refining in Nigeria. Lokpobiri stated this while inspecting the ongoing construction of a 30,000-barrel-per-day modular refinery project in Koko, Delta State, by Ebenco Global Link Limited. …
In a major strategic move to accelerate the expansion of the Dangote Refinery in Nigeria, the Dangote Group has entered into a partnership with Honeywell International Inc., boosting efforts to increase the plant’s capacity. The goal of the partnership is to significantly increase the refinery's capacity from its initial 650,000 barrels per day (bpd) to …
In its drive to expand the use of Liquefied Petroleum Gas (LPG), also known as cooking gas, the Nigerian government has set a target of reaching at least 5 million households by 2030. Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo said the drive has already enabled over one million households to …
The Nigerian National Petroleum Company (NNPC) Limited has announced a fresh deadline of mid-2026 for selecting technical partners to manage the operations and maintenance of the country's state-owned refineries after their ongoing rehabilitation is completed. This move is a critical step in the long-delayed and costly effort to revive Nigeria's moribund refineries and achieve energy …
The Enugu State Electricity Regulatory Commission (EERC) has warned MainPower Electricity Distribution Limited about alleged indiscriminate creation of new customer accounts without the provision of meters. The Commission said such practice violates its regulatory framework. According to a Commission statement, various complaints have been received from customers stating that MainPower has been opening new accounts …
Despite recording a marginal increase in crude oil production in October, Nigeria has, however, failed to meet its OPEC production quota for the third consecutive month. Nigeria recorded 1.401 million barrels per day (bpd) in October, slightly up from 1.39 million bpd in September 2025. This is according to the Organisation of Petroleum Exporting Countries …
The Nigerian naira closed the week on a negative note as it further depreciated at the official foreign exchange market on Friday, November 21. The Central Bank of Nigeria (CBN) foreign exchange data indicated that the naira exchanged for N1,456.72 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Friday. This reflects a N4.59 …
The Forum of South-East Academic Doctors (FOSAD) has condemned the recent Federal High Court judgment sentencing leader of the Indigenous People of Biafra, Mazi Nnamdi Kanu, to life imprisonment. The group in a statement signed by its president, Dr. Stephen Nwala and Secretary General, Dr Uzor Ngoladi, called for "immediate and unconditional release" of Kanu. …
In a strategic move to optimize their portfolios, French energy giant TotalEnergies and Nigeria's Conoil Producing have signed an asset swap agreement. The deal involves TotalEnergies acquiring Conoil’s 50 per cent stake in a promising deep-water oil block (OPL257) and in exchange, Conoil will acquire a 40 per cent participating interest held by TotalEnergies in block …
In a significant move to enforce passenger rights, the Nigeria Civil Aviation Authority (NCAA) has imposed a ₦5 million fine on Qatar Airways for allegedly violating the country's aviation regulations concerning the treatment of passengers. Michael Achimugu, Director of Public Affairs and Consumer Protection at the NCAA, made this known in a statement on Wednesday. …
