….Gas Infrastructure Fund not for Loan or Grants……. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDRA) has said that there has been a notable upsurge in the number of applications for various licenses in the gas infrastructure value chain across the country because of the renewed interest of the government in optimizing gas utilization. Ogbuga Ukoha, executive director, Distribution ...

…….by Ben Ndubuwa….. Ghana is advocating for a harmonized currency across the Economic Community of West African States (ECOWAS) to facilitate smoother petroleum imports and exports, particularly from Nigeria’s Dangote Petroleum Refinery. This appeal was made by Mustapha Abdul-Hamid, Chairman of Ghana’s National Petroleum Authority, during the ongoing 2024 OTL Africa Downstream Energy Week in Lagos. Abdul-Hamid underscored the challenges ...

The Chairman of Dangote Group, Aliko Dangote, on Tuesday, urged petroleum marketers, including the Nigerian National Petroleum Company Limited, to source petrol directly from his refinery to meet local demands. Dangote confirmed the refinery’s readiness to supply fuel after closed-door talks with President Bola Tinubu at the Aso Rock Villa, Abuja. He stated that the refinery can produce over 30 ...

The Nigerian National Petroleum Company Ltd (NNPC Ltd) through NNPC Foundation, its Corporate Social Responsibility (CSR) arm, is set to launch a free cancer screening campaign to address Nigeria’s rising cancer cases. The campaign tagged “Cancer Awareness and ZSX Screening” will provide, not just free cancer screening to indigent Nigerians, but also health education, workshops, and consultations with healthcare professionals ...

Egbin Power has reinforced its commitment to promoting high safety standards and professionalism, as the Institute of Safety Professionals of Nigeria (ISPON) has inducted 28 employees of the GenCo as new members. According to ISPON, the certification further solidifies Egbin Power’s efforts towards promoting high safety standards and building a highly competent workforce equipped with expertise in safety management. During ...

......Declares US 9.6 Cents Total Dividend Per Share for 9 months 2024...... Seplat Energy PLC, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announces its unaudited results for the for the nine months ended 30 September 2024, with a strong underlying business performance which supports increase to core dividend by ...

The Managing Director of Mainland Oil Dr. Chris lgwe, has underscored the company’s commitment to advancing Nigeria’s energy sector at this year’s African Oil Trading Logistics (OTL) conference. He said that Mainland oil is a long-time sponsor and participant in the annual OTL event. He explained that at this year’s event the company aims to expand energy access across Nigeria.Speaking ...

……by Ben Ndubuwa…. The Chief Executive Officer (CEO) of Pinnacle Oil and Gas Limited Robert Dickerman said that the downstream sector of the Nigerian oil and gas industry is undergoing  substantial shifts with its attendant challenges since the removal of subsidy.  Dickerman, noted that this has set the stage for “a critical moment of reflection” on Nigeria’s fuel market, prices, ...

…….by Ben Ndubuwa……. The Federal Government has announced a substantial investment exceeding $75 million to advance Compressed Natural Gas (CNG) systems, aiming to promote cleaner and more affordable energy options across the nation. The initiative reflects the government’s commitment to reducing reliance on traditional fuels and expanding sustainable energy access. Speaking at the Oil Trading and Logistics (OTL) Africa Downstream ...

…..by Ben Ndubuwa……First Bank Plc, one of the leading banks in Energy financing, in Nigeria has said that the bank is deepening its investment in Africa’s oil and gas sectors, with a strong footprint in six African nations as well as partnerships in the United Kingdom, France, and China. Currently, the bank is active in the Democratic Republic of Congo ...