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…….by Ben Ndubuwa….. The Major Energies Marketers Association (MEMAN), has said that the refining industry in Nigeria is on the brink of a transformative era, and poised to become a refining powerhouse in Africa. The Chairman MEMAN, Mr. Huub Stokman said Nigeria has the ability to rise to its full potential as a refining giant. “We should celebrate the achievements ...

……Wants FG to Acquire More Equity Stake in Dangote Refinery…. ………by Ben Ndubuwa…….. The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said that the growing trend of divestment by International Oil Companies (IOCs) in Nigeria, needs strategic shifts that prioritize local empowerment and innovation. PENGASSAN cautioned that while divestments can present opportunities for the Nigerian economy, ...

………by Ben Ndubuwa……… The Major Energies Marketers Association of Nigeria (MEMEN) has said that the global shift towards electric vehicles (EVs) is gaining momentum as countries push for cleaner energy and reduced emissions to combat climate change. This transition aligns with global commitments such as the United Nations’ Sustainable Development Goals (SDGs) and the Paris Accord. MEMAN pointed out that ...

Chevron Nigeria Limited (CNL), operator of the Nigeria National Petroleum Company Limited (NNPCL) and CNL Joint Venture has received reports of false recruitment information in several media and online channels purportedly by CNL and Chevron Corporation, advertising job positions in CNL and offering job slots for sale. Additionally, these fraudulent job offers have reportedly been circulated through emails, text messages ...

The Nigerian Electricity Regulatory Commission (NERC) has warned power users about the illegal tampering of electricity facilities, emphasizing that offenders could face significant penalties under the new 2023 Electricity Act. In a recent statement on its social media platform, NERC outlined the legal consequences for various offenses, including unauthorized connections and meter tampering. Offenders may face a jail term of ...

The Renewable Energy and Energy Efficiency Associations Alliance (REEEA-A) is set to host its 3rd Annual International Conference on September 25-26, 2024, at the Abuja Continental Hotel. The conference, themed “Road to Net Zero – Actionable Initiatives for Success,” is a timely response to Nigeria’s growing energy demands and the urgent need to combat climate challenges. Bringing together policymakers, industry ...

The Nigerian Electricity Regulatory Commission (NERC) has announced that power distribution companies (DisCos) in Nigeria remitted ₦706.73 billion in 2023. This information was disclosed in NERC’s 2023 annual report and accounts, released on Monday. According to the report, DisCos received a total invoice of ₦858.03 billion for energy supplied by the Nigerian Bulk Electricity Trading (NBET) and for service charges ...

………by Victor Egbo……. The Federal  government of Nigeria has resumed discussions with Libya government over the possibility of the proposed $13 billion  Nigeria-Morocco gas pipeline project passing  through Libya instead of Algeria  to Morocco.then to Europe. The talks were revealed by Nigeria’s Minister of Petroleum (Gas), Rt. Hon. Ekperikpe Ekpo, during a meeting with Libya’s Minister of Oil, Dr. Khalifa ...

Access Holdings Plc, a leading global financial institution, announced its half-year audited financial results for the period ended 30 June 2024. The results underscore the company’s continued resilience, focus on delivering sustainable performance and commitment to creating long-term value for shareholders. Performance Highlights Access Holdings Plc demonstrated strong performance across all key balance sheet indicators and continues to maintain a ...

………by Ben Ndubuwa……The Dangote Refinery, situated in the Lekki Free Zone near Lagos, Nigeria, is a transformative project that aims to significantly impact the country’s midstream and downstream petroleum sectors. With a capacity to refine 650,000 barrels of crude oil per day, it is Africa’s largest oil refinery and one of the largest in the world. The coming on stream ...