“…selling is highly unlikely as it would lead to further value erosion” – Ojulari, NNPCL GCEO Oredola Adeola The Nigerian National Petroleum Company Limited (NNPC Ltd) has disclosed that its ongoing internal review revealed the earlier decision to operate the…
… recommends structured financing, price clarity to boost CNG market Oredola Adeola The Major Energies Marketers Association of Nigeria (MEMAN) has warned of a looming supply crisis in the natural gas market due to the rising adoption of Compressed Natural…
…demands true market liberalisation, rejects monopoly by mega facility operator Oredola Adeola The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has condemned the unequal treatment and exclusion faced by retail outlets in policy implementation, stating that these outlets…
…raises concerns over gas flaring, reinjection amid lack of commercial frameworks despite abundant reserves Oredola Adeola Temitope Ogedengbe, Manager of Energy Transition at NLNG, has called on the Federal Government to design Nigeria’s energy transition strategy in line with the…
…reverses ₦11.9bn loss with 136% gross profit surge …shareholders ratify appointment of Olumide Adeosun as CEO, Agagu-Adu, Ashiegbu as EDs Oredola Adeola Eterna Plc has posted a pre-tax profit of ₦4.48 billion for the fiscal year ended December 31, 2024,…
says “Over 500m scf of Neconde Gas ‘unaccounted for’ in NGIC pipeline Oredola Adeola Engr. Chichi Emenike, Acting Managing Director and Gas Asset Manager of Neconde Energy Limited, has raised alarm over the huge financial burden stifling Nigeria’s energy transition…
… says 47% foreign crude contracts expire by year-end … relies on NUPRC, NNPC’s 2.5m bpd target, reactivation of shut-in wells in Niger Delta … slashes gantry price of petrol to ₦820/litre, second cut in July Oredola Adeola The Dangote…
says, “Oil firms’ low 1% NCDF remittance compliance limits indigenous applicants’ access to support fund” Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) has revealed that as of July 2025, approximately 130 companies have accessed a total of…
…records progress on gas supply, infrastructure, distribution, retail outlets Oredola Adeola The Nigerian National Petroleum Company Limited (NNPC Ltd) has delivered 35 hybrid Compressed Natural Gas (CNG)-powered buses to the Presidential Initiative on CNG (Pi-CNG) as part of efforts to…
… targets 150,000bpd, 200mmscf/day in next growth phase Oredola Adeola Nembe Exploration & Production Company Ltd has announced a significant increase in oil production from 25,000 to 90,000 barrels per day, achieved just over a year after ramping up operations…
