The expansion of the Dangote Petroleum Refinery from 650,000 barrels per day to 1.4 million barrels per day will lead to a significant increase in polypropylene production from 900,000 metric tonnes to 2.4 million metric tonnes per annum. The capacity expansion will make the refinery the largest refinery in the world upon completion, surpassing India’s …
Industry leaders have begun to gather in Lagos for the 19th edition of Oil Trading and Logistics (OTL) Africa Downstream Energy Week, focused on shaping Africa’s downstream energy future in areas of leadership, investment, and innovation across the petroleum value chain. The event, themed “Energy Sustainability – Growth Beyond Boundaries and Competition”, organised in collaboration …
Peter Obi and others highlight benefits of decentralised ports to the Nigerian economy. The recent approval of a $1 billion investment aimed at modernising the Apapa and Tin-Can Island ports in Lagos by the Federal Government has reignited calls for decentralisation of seaport infrastructure across Nigeria. Analysts believe that developing seaports in other maritime …
The Eko Electricity Distribution Company (EKEDC) has called on its customers in Band A and Band B to apply for free prepaid meters under the Meter Acquisition Fund (MAF) Tranche B. In a statement, the electricity DisCo advised customers to apply on or before 30th November 2025, clarifying that only Bands A and B customers …
In a landmark judgement, the United Kingdom’s Supreme Court has dismissed the appeal of Process & Industrial Developments (P&ID), effectively ending its decade-long legal battle to secure a colossal $11 billion in damages from the Nigerian government. In the judgement delivered on Wednesday, October 22, 2025, the UK Supreme Court affirmed that the P&ID must …
Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed has congratulated the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo and Managing Director of Nigeria Liquefied Natural Gas Limited (NLNG), Dr Philip Mshelbila, on their appointments at the Gas Exporting Countries Forum (GECF). While Ekpo emerged …
Nigeria's Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has stated that the Gas Exporting Countries Forum (GECF) must remain a formidable bloc to ensure fair pricing, drive investments in the industry, and ultimately protect the interests of developing nations in the global energy transition agenda. Ekpo made the call during his …
MAGGI, a seasoning brand from Nestlé in Nigeria, says it targets production of at least 80,000 metric tonnes of quality soybean grains annually with a Regenerative Agriculture (RegenAg) initiative. The company stated this while announcing the successful completion of its Regenerative Agriculture (RegenAg) pilot for local soybean sourcing in Nigeria. The programme aims to boost …
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said Nigeria currently has the capacity to produce more than two million barrels of crude oil per day and would seek an upward review of the country’s production quota at the next meeting of the Organisation of Petroleum Exporting Countries (OPEC) in November. Currently, Nigeria’s …
Stakeholders and partners have applauded the Net Billing Regulations 2025 proposed by the Nigerian Electricity Regulatory Commission (NERC), stating that it would accelerate the adoption of renewable energy systems across the country. They gave the commendation at the conclusion of public consultation on the Draft Net Billing Regulations on Tuesday, October 21, 2025, at the …
