The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has not yet released a public statement regarding the divestment of Shell Petroleum Development Company of Nigeria (SPDC), even though a Nigerian consortium has confirmed that the transaction has been completed. Last October, the NUPRC initially rejected the proposed sale, citing criticisms and
Nigeria has collaborated with a United Nations agency and has established a goal of raising $500 million for a fund designated for local renewable energy developers. This fund is intended to enhance access to renewable energy solutions, particularly solar home systems and mini-grids, with a focus on benefiting rural communities.
The Bayelsa State Government announced its readiness to collaborate with the Nigerian Export-Import (NEXIM) Bank on Thursday, focusing on the development of non-oil and gas resources in the state for export purposes. During a courtesy visit from a NEXIM Bank delegation, led by Mr. Soni Oseghale, the South-South regional head,
As the government strives for a sustainable energy transition, NIPCO Gas Ltd has been at the forefront of Nigeria’s energy revolution, working relentlessly to increase the use of Compressed Natural Gas (CNG) throughout the country.In his remarks, the Managing Director and CEO Nagendra Verma revealed the company’s remarkable growth in
The Presidential Adviser on Energy, Olu Arowolo Verheijen, has clarified media reports suggesting an imminent 65 percent increase in electricity tariffs in the country.She said her words were misrepresented during an interview in Tanzania where she attended a World Bank-sponsored conference in Dar es Salaam, the country’s capital.Recall that she
Engr. Ademola Agoro, an energy expert and Managing Director of Protogy Global Services Limited, has passionately advocated for a pivotal transformation in Nigeria’s power sector to combat the ongoing energy crisis. He stresses the urgent necessity to prioritize investments in the distribution grid rather than the transmission grid, which is
Ignatius Okorocha, Abuja Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, on Friday condemned in strong terms the purported scrapping of the Ministry of Niger Delta by President Bola Ahmed Tinubu and called for reversal to status quo. President Tinubu had on Tuesday, among
The Nigerian Content Development and Monitoring Board (NCDMB) has signaled plans to support new research and development projects as part of its Technology Innovation and Incubation Strategy and the enduring commitment to catalyze innovation in the Nigerian oil and gas industry and linkage sectors. The new R&D projects will add
Emmanuel Nlewedum, Port Harcourt The Rivers State Government said it is not true that Governor Siminalayi Fubara has shut down the Nigerian National Petroleum Company Limited (NNPCL), and other oil companies in the state as rumored on social media. The State Commissioner for Information and Communications, Warisenibo Joe Johnson, in
The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo has achieved success and secured a pivotal commitment from the Jindal Group to offtake an impressive 450 million metric standard cubic feet per day (MMscfd) of natural gas. This significant commitment underpins a transformative $4 billion investment to