May 10, 2024ConcessionEnergy TransitionExtractive IndustryMiningMining & Solid MineralNews

Nasarawa lithium factory offers Nigeria chance to master processing skills – President Tinubu

  Oredola Adeola   President Bola Ahmed Tinubu has revealed that the take-off of a Lithium processing factory built in Nasarawa State by a Chinese firm offers Nigeria the opportunities to learn how it is done, to own and hone…

Readmore

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…

Readmore

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…

Readmore

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…

Readmore

April 19, 2024Extractive IndustryGasMidstreamNewsOil & GasService CompanyUpstream

PETAN seeks NUPRC, stakeholders collaboration to unlock Nigeria’s untapped oil, gas for in-country refining, stable supply

“We have the rigs, we have the services, untapped resources underground that need to be tapped”- Engr. Ogunsanya   Oredola Adeola   The Petroleum Technology Association of Nigeria (PETAN) has expressed its members’ eagerness to collaborate with the Nigerian Upstream…

Readmore

April 16, 2024Extractive IndustryMidstreamNewsOil & GasUpstream

Nigeria’s oil reserve hits 37.50 billion barrels, as natural gas reserve surges to 209.26 TCF

  Oredola Adeola   Nigeria’s oil + condensate reserve has grown to 37.50 billion barrels, while the total natural gas (associated and non-associated) reserve has surged to 209.26 Trillion Cubic Feet (TCF) as of January 2024, the Nigerian Upstream Petroleum Regulatory…

Readmore

February 10, 2024DocumentaryExtractive IndustryLocal ContentNewsOilUpstream

Local Content: Senate Committee to summon IOCs, agencies for economic diversification beyond crude oil

  Oredola Adeola   The Natasha Akpoti-Uduaghan-led Senate Committee on Local Content is set to summon international oil companies and relevant government agencies to ensure they contribute significantly to the Nigerian economy beyond crude oil extraction and sales.   She…

Readmore

February 9, 2024DownstreamExtractive IndustryImpactNewsOil & GasUpstream

Oyedele fiscal policy Committee teams up with NEITI to drive oil, gas, extractive industry transparency

  Oredola Adeola   The Presidential Committee on Fiscal Policy and Tax Reforms (PCFPTR) has agreed to partner with the Nigeria Extractive Industries Transparency Initiative (NEITI) to leverage the findings and recommendations contained in its oil & gas and extractive…

Readmore