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  • Dangote refinery raises petrol gantry price to N799, as MRS retail pump price increases to N839 per litre
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Why Dangote Refinery is granted waiver to exceed Diesel Sulphur limit – Regulator explains
April 26, 2024DownstreamLocal ContentMidstreamNewsOil & Gas

Why Dangote Refinery is granted waiver to exceed Diesel Sulphur limit – Regulator explains

  … as Dangote Refinery floods domestic market with 650 ppm Sulphur Content Diesel … Diesel pump price reduction is due to waiver permitting Dangote to exceed the 200-ppm sulfur cap – S&P Global Oredola Adeola Nigerian Midstream and Downstream…

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Nigeria’s second Lithium factory takes off in Abuja, with $50m investment, features 6MW CNG gas power plant
April 26, 2024Energy TransitionEnvironmentExtractive IndustryMiningMining & Solid MineralNewsUpstream

Nigeria’s second Lithium factory takes off in Abuja, with $50m investment, features 6MW CNG gas power plant

… anticipated to yield an estimated $350 million annually …. targets 1.6 million tons per annum   Oredola Adeola   In a strategic effort to enhance Nigeria’s involvement in lithium mining, processing, and value addition, ASBA Group has initiated the…

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NNPC denies petrol price hike, says cause of supply tightness resolved!
April 25, 2024DownstreamNewsOil & Gas

NNPC denies petrol price hike, says cause of supply tightness resolved!

  .. “avoid panic buying, products are sufficient in the country”- Soneye urges motorists Oredola Adeola   The Nigerian National Petroleum Corporation Limited (NNPC Ltd.) has urged Nigerians to disregard rumors of an imminent price increase in the pump price of petrol,…

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FG offers additional N20.5 bn for completion of 35.7km Bonny-Bodo Road project by December 2024
April 25, 2024EnvironmentFinanceGasImpactNewsOil & GasSustainability

FG offers additional N20.5 bn for completion of 35.7km Bonny-Bodo Road project by December 2024

… “Accept offer or face contract termination” – Minister of Works warns Julius Berger   Oredola Adeola with agency reports   Following a halt in the completion of the 35.7km Bonny-Bodo Road project in Port Harcourt by Julius Berger Nigeria…

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FG revokes 924 dormant mining licenses: 528 ELs, 20 MLs, 101 QLs, 273 SSMLs axed!
April 25, 2024ConcessionExtractive IndustryMiningNewsUpstream

FG revokes 924 dormant mining licenses: 528 ELs, 20 MLs, 101 QLs, 273 SSMLs axed!

  …Alake defends action, says “notices were issued to 963 mining licensees, 39 regularized their status”   Temitayo Ayoola   The Nigerian Government has revoked a total of 924 dormant mining licenses, consisting of 528 Exploration Licenses (ELs), 20 Mining…

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Ondo takes over electricity regulation: NERC transfers power to OSERB in compliance with amended constitution, Electricity Act
April 24, 2024DistributionGenerationNewsPowerTransmission

Ondo takes over electricity regulation: NERC transfers power to OSERB in compliance with amended constitution, Electricity Act

…  Benin DisCo ordered to establish subsidiary for in-state electricity distribution in Ondo State   Oredola Adeola After eight months of engagement the Nigerian Electricity Regulatory Commission( NERC) has transferred power for the take over of regulatory oversight of the…

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President Tinubu reconstitutes 15-Man NEITI Board, appoints Akume as Chairman, NNPC GCEO, FIRS Chairman others as members
April 24, 2024Extractive IndustryImpactLocal ContentNewsOil & Gas

President Tinubu reconstitutes 15-Man NEITI Board, appoints Akume as Chairman, NNPC GCEO, FIRS Chairman others as members

  …confirms Dr. Orji’s 5-year single-term tenure, ending in February 2025   Oredola Adeola President Bola Tinubu has approved the reconstitution of a 15-man National Stakeholders’ Working Group (NSWG) for the Nigeria Extractive Industries Transparency Initiative (NEITI) with Sen. George…

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Lokpobiri vows to investigate, expose $500m NCDMB funds allegedly misappropriated by Wabote
April 23, 2024ConcessionDocumentaryLocal ContentNews

Lokpobiri vows to investigate, expose $500m NCDMB funds allegedly misappropriated by Wabote

… says “I stand by my words” …urges media to visit partners facilities, conducts independent validations of NCDMB projects executed by Wabote   Temitayo Ayoola   Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil) has reaffirmed claims that…

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Dangote refinery slashes Diesel, Aviation fuel ex-depot prices to ₦940, ₦980 per litre
April 23, 2024DownstreamLocal ContentMidstreamOil & Gas

Dangote refinery slashes Diesel, Aviation fuel ex-depot prices to ₦940, ₦980 per litre

… enters partnership with MRS Oil&Gas to sell Diesel at ₦1,050/l, Aviation Fuel at ₦980/l to customers   Oredola Adeola   Dangote Petroleum Refinery has reduced the price of diesel per litre for the third time in less than three weeks,…

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EKEDC wins Energy Times’ Disco of the Year 2023
April 23, 2024DistributionImpactNewsPower

EKEDC wins Energy Times’ Disco of the Year 2023

  Temitayo Ayoola   Eko Electricity Distribution Company (EKEDC) has been crowned the Distribution Company (Disco) of the year 2023, after outperforming its peers in several key performance indicators set by the Nigerian Electricity Regulatory Commission (NERC).   Babatunde Lasaki,…

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