The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigeria National Petroleum Company Limited (NNPCL) have pledged to continue taking practical steps towards overhauling downstream infrastructure to boost energy sector growth. The agencies made the pledge at the ongoing 2025 Oil Trading and Logistics (OTL) Africa Downstream Energy Week in Lagos. Delivering his …
Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has called for massive investments in the oil and gas sector to reduce Africa’s spending on hydrocarbon imports. The minister made the call during his keynote speech at the opening ceremony of the 2025 Oil Trading and Logistics (OTL) Africa Downstream Energy Week in …
In its quest to expand capacity, the Dangote Refinery located in Lagos has approached the African Export-Import Bank (Afreximbank), seeking a $5 billion loan to fund the project. New president of the bank, George Elombi, revealed this during his inaugural address at Afreximbank’s investiture ceremony in Cairo. Elombi, who stated that Aliko Dangote personally gave him …
The Nigerian Railway Corporation (NRC) has announced that it is set to resume operations of the Warri-Itakpe Train Service (WITS) on Wednesday, October 29, after a temporary suspension of train service on the route. It said the temporary suspension was to carry out critical repairs, maintenance, and system checks on the track and rolling stock …
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 …
