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Transcorp Power Plc makes NGX debut with 7.5bn shares listed at N240 per share, valuation surges to N1.98 trn
March 5, 2024ConcessionGenerationNewsPower

Transcorp Power Plc makes NGX debut with 7.5bn shares listed at N240 per share, valuation surges to N1.98 trn

  Oredola Adeola Transcorp Power Plc has made its debut on the Nigerian Exchange (NGX) through a listing of 7.5 billion ordinary shares of 50 kobo each at N240 per share by introduction, which saw 40 million shares worth N10.56…

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NNPC Ltd recommends collaborative war room among upstream producers to tackle oil, gas sector challenges 
March 1, 2024FinanceGasNewsOil & GasOil theftSabotageSecurityUpstream

NNPC Ltd recommends collaborative war room among upstream producers to tackle oil, gas sector challenges 

  Oredola Adeola   The Nigerian National Petroleum Company Limited (NNPC Ltd) has recommended increased cooperation among independent producers to tackle security, financial, technological, and other hurdles impeding the optimal growth of divested assets in the country’s oil and gas…

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President Tinubu reconstitutes FGN Power Company Ltd mgt team, reappoints Anuwe, Prof. Lawal
March 1, 2024DistributionImpactNewsPowerTransmission

President Tinubu reconstitutes FGN Power Company Ltd mgt team, reappoints Anuwe, Prof. Lawal

  Oredola Adeola President Bola Tinubu has initiated the restructuring of key members to the management team of the FGN Power Company Limited, with the reinstatement of Kenny Osebi Anuwe as the Chief Executive Officer and Prof Mamman Lawal as…

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Lokpobiri inaugurates NCDMB Governing Council with Ogbe as Secretary
February 29, 2024ImpactLocal ContentNews

Lokpobiri inaugurates NCDMB Governing Council with Ogbe as Secretary

  Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) Governing Council has been officially inaugurated, with Senator Heineken Lokpobiri, Minister of State, Petroleum Resources,Oil, as the Chairman and Engr. Felix Omatsola Ogbe, Executive Secretary and Secretary. The Advisors…

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Kaduna DisCo assures 24/7 uninterrupted power supply for maximum demand customers
February 29, 2024DistributionGenerationNewsPower

Kaduna DisCo assures 24/7 uninterrupted power supply for maximum demand customers

  Oredola Adeola Kaduna Electric has promised to provide uninterrupted power supply 24 hours a day, 7 days a week, to its Maximum Demand customers and other segments, dedicated to elevating their operational efficiency, drive productivity, and ultimately lower expenses…

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 NUPRC defends proposed 2024 closed bids round for oil, gas fields
February 29, 2024FinanceGasGreen FinanceNewsOil & GasUpstream

 NUPRC defends proposed 2024 closed bids round for oil, gas fields

Oredola Adeola The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed its commitment to conducting the 2024 closed bids through a rigorous, fair, and competitive process, emphasising that the move was sanctioned under Section 73(1) of the Petroleum Industry Act.…

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OPEC urges NNPC Ltd. to supercharge oil, gas production, seize $14tr investment opportunity for global energy security
February 29, 2024Energy TransitionFinanceNewsOil & GasUpstream

OPEC urges NNPC Ltd. to supercharge oil, gas production, seize $14tr investment opportunity for global energy security

Oredola Adeola   The Organization of the Oil Exporting Countries (OPEC) has charged the Nigerian National Petroleum Company Limited (NNPC Ltd.) to do everything possible to raise Nigeria’s crude oil and gas production by tapping into about $14trillion of investments…

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NNPC Ltd not hindering IOC’s divestment, but facilitating incremental production on all assets -Kyari 
February 28, 2024DownstreamMidstreamNewsOil & GasUpstream

NNPC Ltd not hindering IOC’s divestment, but facilitating incremental production on all assets -Kyari 

  Oredola Adeola The Nigerian National Petroleum Company Limited (NNPC Ltd), has assured that its role in the divestment of the International Oil Companies from onshore and shallow water assets in the country is that of a facilitator, and not…

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Tinubu says petrol subsidy funds redirected towards securing Nigeria’s energy future
February 27, 2024DownstreamEnergy TransitionFinanceNewsRenewables

Tinubu says petrol subsidy funds redirected towards securing Nigeria’s energy future

  Oredola Adeola    President Bola Tinubu  revealed that the funds previously allocated for the payment of subsidy on Premium Motor Spirit (petrol) are now being redirected towards securing Nigeria’s energy future including the provision of infrastructure, and other social amenities.…

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OB3 pipeline project deadline shifted, as Ekpo sets March 2024 target 
February 27, 2024GasLocal ContentNewsOil & GasUpstream

OB3 pipeline project deadline shifted, as Ekpo sets March 2024 target 

  Oredola Adeola In an unexpected twist just three months after assuring a timely completion by the end of 2023,  Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas) has revealed a new target date of March 2024 for the…

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