₦400bn oil production shortfall threatens 2024 budget
With crude oil production consistently failing to meet budget benchmarks and allotted OPEC quotas, the industry’s regulators and operators have come under severe pressure to fix the hostile operating environment…
Tinubu: Nigeria committed to balanced energy transition approach, meets senior bank executives
President Bola Tinubu says Nigeria remains committed to a balanced approach to energy transition and still requires substantial investments in the oil and gas sector to meet the energy demands…
Finance minister lauds progress of work on AKK gas pipeline project
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has expressed satisfaction with the progress made so far on the AKK Gas Pipeline Project, spearheaded by…
‘They tried all sorts’ – Dangote accuses local, foreign mafias of trying to stop refinery
The founder of Dangote Group, Aliko Dangote, has revealed that both local and international criminal organisations, which he described as “mafia”, made repeated attempts to sabotage his $19bn refinery project…
Dangote postpones petrol supply date to July
The Dangote refinery has said its plan to release premium motor spirit into the market this month will no longer be possible. The President of Dangote Group, Aliko Dangote, told…
Tinubu inaugurates gas infrastructure projects | Assures citizens, investors of economic growth
President Bola Tinubu has reassured investors in the energy sector of his administration's resolve to further enhance the business environment and ensure investment convenience. The President inaugurated three milestone projects,…
Tinubu to commission three ‘critical’ gas facilities
In line with his commitment to significantly leverage gas to grow the economy, President Bola Tinubu will commission three critical gas infrastructure projects being undertaken by the Nigerian National Petroleum…
Presidential initiative secures concessionary pricing for mobility CNG from NMPDRA
The Nigerian Mainstream And Downstream Petroleum Regulatory Authority (NMPDRa) has reiterated its commitment to supporting the efforts of the Federal Government through the Presidential Compressed Natural Gas Initiative (PCNGI), aimed…
It will impact prices – Tinubu commends Dangote over 60% reduction of diesel price
President Bola Tinubu has commended the enterprising feat of Dangote Oil and Gas Limited in reducing the gantry price of Automotive Gas Oil (AGO), also known as diesel. The Group…
Tinubu orders reduction of Oil and Gas contract timelines from 36 to six months
| FG set to increase oil and gas production with new investment climate - Adviser The Special Adviser to the President on Energy, Mrs. Olu Verheijen yesterday said the administration…