Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has expressed deep concern over the continuous increase in the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas in the country. Recall that in a bold move to tackle the soaring price of cooking gas, the Gas Minister had established a high-level committee in November 2023, led ...

President Bola Tinubu has expressed gratitude to NIPCO Plc for investing in Nigeria’s Compressed Natural Gas (CNG) sector. The commendation was made during a meeting between the President and NIPCO executives at the State House in Abuja. In a statement by Bayo Onanuga, the President’s Special Adviser on Information and Strategy, Tinubu praised NIPCO for its critical role in supporting ...

The Independent Petroleum Producers Group (IPPG) commended the leadership of Engr. Gbenga Komolafe, the Commission Chief Executive of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), for tireless efforts and unwavering commitment to the growth and development of the oil industry. IPPG made this commendation during the third year anniversary celebration of NUPRC. According to the independent petroleum producers, the Commission has ...

Dangote Group has said it did not file a fresh lawsuit against Nigeria National Petroleum Corporation Limited (NNPC) and others. The group made this known in a statement on Monday night in reaction to reports that it dragged the NNPC, Matrix Petroleum Services Limited, A. A. Rano Limited and four other companies before the Federal High Court in Abuja over ...

The Federal Government has announced the approval of ExxonMobil’s $1.283 billion divestment of its offshore shallow water oil and gas assets to Seplat Energy Plc. The announcement is coming well over two years after the two companies announced the transaction in February 2022. With the closing of the transaction, the entire 40 per cent equity holding in the offshore shallow ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) marked its third anniversary with the launch of the Project 1 Million Barrels of Oil Per Day (1MMBOPD) initiative. Speaking at the event, the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission Engr. Gbenga Komolafe, highlighted the NUPRC’s achievements since its formation in 2021, following the enactment of the Petroleum Industry ...

Eko Electricity Distribution Company (EKEDC) is pleased to announce the full restoration of its vending services following a seamless migration to a new, state-of-the-art platform designed to enhance operations and significantly elevate customer experience to a new height. Following the brief transition period, the upgraded platform is now live, empowering customers with unparalleled convenience and transparency. The new platform introduces ...

Chairman of Heirs Holdings Group and the United Bank for Africa (UBA), Tony Elumelu says he has a clear vision for Africa, hence his advocacy for Africapitalism. Elumelu explained that Africapitalism ensures shared prosperity, environmental sustainability, and community development to enable the younger generation to reap great wealth. Speaking during the 3rd anniversary of the Nigerian Upstream Petroleum Regulatory Commission ...

……..by Ben Ndubuwa…….The Rural Electrification Agency (REA) has paid $18 million to the private sector operators in order to expand access to electricity. REA said it used InfraCredit’s guarantees to provide electricity access to over 7.8 million people. According to REA over $350 million has been paid to private sectors globally to expand electricity access, with Nigeria contributing more than ...

The Nigerian Electricity Regulatory Commission (NERC) has confirmed the collapse of the national grid, attributing the incident to an explosion of a nearby transformer, which caused the shutdown of the grid system. In a statement on Saturday, NERC reported that the grid system is being restored across 33 states and the Federal Capital Territory (FCT), assuring Nigerians that full restoration ...