……..by Ben Ndubuwa….. The 18th OTL Africa Downstream Energy Week kicked off in Lagos, bringing together industry leaders, government officials, and key stakeholders to discuss the future of Africa’s downstream energy sector. Adetunji Oyebanji, Chairman of the Advisory Board and the Managing Director of 11 Plc, delivered the opening remarks, emphasizing the event’s role as a crucial platform for collaboration, ...

Photo R-L: Chairman of OTL Advisory Board and Managing Director, 11Plc, Tunji Oyebanji, MEMAN Chairman and NNPCL Retail, CEO, Huub Stokman, Engr. Ahmed Farouk (4th right); Chairperson, Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Mrs Winifred Akpan and CEO, National Petroleum Authority, Ghana, Dr Mustapha Abdul-Hamid ……..seeks Pan-Africa Energy Regulator Association…… …by Ben Ndubuwa….. The Chief Executive Officer ...

In a demonstration of its support for President Bola Ahmed Tinubu’s CNG Initiative, which aims to provide cheaper and cleaner fuelling alternatives for all Nigerians, Dangote Cement Plc has made significant investments exceeding $280 million in compressed natural gas (CNG) technology and infrastructure. President Tinubu, whose commitment to CNG deployment and clean energy is unmatched in Africa, has maintained his ...

Photo L-R: Javier Rama, LNG Trader, Sahara Energy International, Singapore, Sofia Espriù, Senior Project Engineer, LNG Alliance, Flavien Port, LNG Trader, Sahara Energy International, Geneva, Muthu Chezhian, CEO, LNG Alliance, Kola Motajo, Director, Sahara Group, Nicolas Mignot, CFO, Sahara Energy International Geneva, and Jérôme Espinasse, Head of Trading, Sahara Energy International, Geneva at the signing of a Heads of Agreement ...

As environmental, social, and governance (ESG) principles continue to gain traction globally, Nigerian businesses are increasingly recognizing the importance of integrating sustainable practices into their operations. ESG has evolved from a trend to a strategic necessity for companies aiming to manage risks, meet regulatory requirements, and align with the expectations of investors and stakeholders. In response to this growing significance, ...

Oando Plc has announced the appointment of Ademola Ogunbanjo as the President and Chief Executive Officer of its subsidiary, Oando Clean Energy Limited (OCEL). This strategic appointment signals a renewed focus on sustainable energy solutions in Nigeria and across Africa, aligning with Oando’s broader commitment to green energy transformation. The company confirmed the leadership change via LinkedIn, underscoring Ogunbanjo’s pivotal ...

….Ben Ndubuwa…. Nigeria’s total public debt has climbed by N12.6 trillion in three months, reaching N134.3 trillion ($91.3 billion) at the end of the second quarter of 2024, The PUNCH reports. This 10.35% increase from the N121.7 trillion ($91.5 billion) recorded in the first quarter is attributed primarily to the naira’s devaluation, according to official documents presented at the World ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has begun the technical screening of financially qualified bidders for the 2024 oil licensing rounds. This process is crucial in determining each company’s technical capacity to operate the oil blocks for which they submitted bids, with 31 oil blocks on offer—comprising 26 deep offshore blocks, three continental shelf blocks, and two onshore blocks. ...

……Ben Ndubuwa….. The Nigerian Electricity Regulatory Commission (NERC) has announced plans for a policy shift that would make electricity distribution companies (Discos) bear the cost of repairing faulty transformers and other damaged infrastructure. This change, aimed at improving the management of the country’s electricity assets, was revealed at a public hearing organized by NERC on Thursday to address Nigeria’s recurring ...

TotalEnergies Nigeria announced the three local winners of the fourth edition of its 2024 Startupper of the Year Challenge in a ceremony held on Tuesday, October 22, in Lagos. The awards celebrate pioneering Nigerian entrepreneurs developing solutions to local challenges, with this year’s competition marking the company’s centenary celebration across 32 countries. The winners, selected by a panel of local ...