Nestlé Nigeria has called for entries for the 2025 Nestlé Media Awards, an annual initiative that celebrates journalistic excellence and impactful storytelling across Nigeria. Since it started five years ago, the Nestlé Media Awards have recognised journalists who use their platforms to highlight real issues that affect Nigerians, such as affordable nutrition, youth empowerment, sustainable …
Savannah Energy PLC, a British energy company, has announced the appointments of two Nigerians, Uyi Akpata and Kehinde Olamide Ogunwumiju, as Independent Non-Executive Directors. A statement by the company’s management said the appointments are part of planned Board changes, in line with its succession planning regime. Akpata and Ogunwumiju are expected to bring their significant …
In its quest to strengthen investor confidence in Nigeria's oil and gas sector and boost production, the federal government has slashed the signature bonus by 90 per cent from about $100 million to $10 million. This is as it targets 2.5 million barrels per day by 2027. Chief Executive of the Nigeria Upstream Petroleum Regulatory …
The Dangote Refinery, a 650,000 barrels per day facility considered the largest single-train refinery in the world, has been embroiled in battles with different stakeholders in Nigeria’s oil and gas sector since it commenced operations in 2024, sparking concerns about challenges faced by investors in the country. Going by its nameplate capacity, the refinery was …
Senior Advocate of Nigeria (SAN), Dr. Monday Onyekachi Ubani, has called on labour unions not to undertake actions that undermine the Dangote Petroleum Refinery, noting that it is a strategic investment in the oil and gas sector that the country can’t afford to watch being sabotaged by those seeking to advance selfish interests. Ubani, who …
Nigeria’s Minister of Power, Adebayo Adelabu, has disclosed that the Federal Government is in discussion with the Export-Import Bank of China to secure a $2 billion loan to fund the development of a new national "super grid," which will stabilize energy supplies and encourage industrial growth across the country. Adelabu made this known at the …
Eko Electricity Distribution Company Plc (Eko DisCo) has registered a subsidiary, Excel Electricity Distribution Company Limited, to taker over the operations of its electricity distribution business in Lagos State. In a statement released on Tuesday, October 7, 2025, the management of Eko DisCo clarified that the creation of the subsidiary was in compliance with regulatory …
As the people groan over the unprecedented hike in the price of Liquefied Petroleum Gas (LPG), also known as cooking gas, the Dangote Petroleum Refinery has cut its ex-depot price from ₦860 to ₦760 per kilogram. This reflects a ₦50 reduction or 6.17 per cent drop from the previous price. The price is considered the …
With the current drive and policies to ramp up crude oil production, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) aims to achieve about 2.5 million barrels per day of crude oil production in 2027. The Commission said since its establishment, the country has continued to record a continuous increase in crude oil production, now at …
The Federal High Court in Abuja dismissed a lawsuit filed by businessman Abubakar Ismaila Isa Funtua, who claimed that his 43 million shares were transferred without his agreement to Emerging Markets Telecommunication Services Limited (EMTS), the operators of 9mobile. Justice Mohammed Umar ruled in the case FHC/ABJ/CS/1971/2024 on September 24, 2025, that Isa, the lone …
