Gas constraints disrupt national grid, trigger massive load shedding
Nigeria’s power generation has dropped to an average of 4,300 megawatts (MW) due to inadequate gas supply to thermal power plants, the Nigerian Independent System Operator (NISO) has announced. In…
Dangote to open refinery shares to Nigerians within five months
Aliko Dangote, President and Chief Executive Officer of the Dangote Group, has announced that Nigerians will be able to purchase shares directly in the Dangote Refinery within the next four…
‘An aberration’: PENGASSAN urges Tinubu to withdraw oil revenue executive order
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on President to rescind the recent executive order directing the direct remittance of oil and gas revenues…
Breaking: Tinubu orders direct remittance of oil, gas revenues to federation account
President Bola Tinubu has signed an Executive Order mandating the direct remittance of oil and gas revenues to the Federation Account, in a move aimed at boosting national revenue, curbing…
Shell CEO hails Tinubu’s leadership, plans $20bn Nigeria investment
The Chief Executive Officer of Shell Plc, Mr Wael Sawan, has praised President Bola Tinubu’s leadership, describing it as the key reason the global energy giant is prepared to invest…
FG says petrol, diesel, cooking gas prices will keep falling
The Federal Government has expressed confidence that the prices of petrol, diesel and Liquefied Petroleum Gas (LPG), commonly known as cooking gas, will continue to decline across the country. The…
Tinubu approves investment-linked incentives to boost Shell’s Bonga south west project
President Bola Tinubu has approved the gazetting of targeted, investment-linked incentives to support Shell’s proposed Bonga South West deep-offshore oil project and other similar developments, in a move aimed at…
Tinubu approves oil drilling, Olokola deep seaport take-off — Abiodun
Ogun State’s bid to join Nigeria’s oil-producing states is set to become a reality following President Bola Ahmed Tinubu’s approval for the commencement of commercial oil drilling at Tongeji Island…
NNPC insiders dismiss bullying claims, say Omotowa’s exit was routine
Claims of bullying and internal intimidation within the Nigerian National Petroleum Company Limited (NNPC Ltd) have been firmly dismissed by insiders and industry observers, who say reports linking such allegations…
IPMAN directs members to buy petrol from Dangote Refinery, signals plan for own refineries
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members nationwide to prioritise the purchase of Premium Motor Spirit (PMS) from the Dangote Petroleum Refinery, citing competitive pricing…