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Industry
NNPC Boss Warned Against Executing Kyari’s Reform
... As Group Endorses Naira-for-Crude Policy
According to the EJF, it would be a fatal mistake for the new NNPC Group Chief Executive Officer, Bayo Ojulari and board chairman, Ahmadu Musa Kida to follow the path of Kyari, the!-->!-->!-->!-->!-->…
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Nigeria dawdles on $5b Africa Energy Bank take-off 9 months after
Chairman, Board of Directors, Nigerian Independent System Operator (NISO), Dr Adesegun Akin-Olugbade (left); Vice President Kashim Shettima; Director, Transmission, Sule Abdulazizi and Chief Executive Officer, Ikeja Electric, Folake Soetan!-->…
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Renaissance Gathers 37 Varsity Dons, Researchers For Sabbatical Programme
Renaissance Africa Energy Company Limited, operator of the NNPC/Renaissance/TotalEnergies/NAOC Joint Venture has inducted 37 academia and Research Interns from several universities in Nigeria into its 2025-2026 Sabbatical & Research!-->…
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Naira Under Pressure As Foreign Investors Pull Out Of Nigeria
The Nigerian naira came under renewed pressure in the foreign exchange market as foreign portfolio investors (FPIs) accelerated their exit from local assets, triggering a sharp spike in demand for the U.S. dollar.
Amid this surge,!-->!-->!-->!-->!-->…
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‘Sabotage of oil pipeline an assault on national stability’
*Heineken Lokpobiri
The Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri, has condemned the recent sabotage of the 18inch Tepidaba-Brass pipeline operated by Oando Plc in Bayelsa State, describing the act as!-->!-->!-->…
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I’m Not Against Borrowing, But Show Us Results – Ndume Slams Misuse of Public Funds
Senator Ali Ndume, representing Borno South under the All Progressives Congress (APC), has raised critical questions about the impact and transparency of Nigeria’s borrowing practices, stressing that while he is not opposed to the idea!-->!-->!-->…
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NCDMB’s Ezeobi Unveils book on Local Content & Strategic Communication
As stakeholders in the Nigerian oil and gas industry gear up to mark 15 years of the enactment and implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, a new book that captures some of the thrills and!-->!-->!-->…
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Unlocking Africa’s Energy Potential: A Critical Year for Upstream Licensing Rounds
The upcoming Invest in African Energy 2025 Forum in Paris will showcase Africa’s key upstream licensing opportunities, offering investors exclusive access to critical data and insights, alongside a comprehensive Licensing Rounds Report!-->!-->!-->…
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NNPC Secures Major Export Deal, Ships First Crude Cargo Under New Agreement
The Nigerian National Petroleum Corporation (NNPC) Limited has secured a major breakthrough in its export strategy with the signing of a deal to ship crude to a customer this month. The cargo will be loaded on April 9 or 10 onto the!-->!-->!-->…
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Oil prices crash to $66/b weekend on Trump’s ‘tariffication’, rise in global supply
The increase in oil supply and U.S. President Donald Trump’s global trade ‘tariffication’ were largely bearish for the commodities, and this dragged energy costs downward.
Brent plunged 6.5 per cent to settle at $65.6 per barrel on!-->!-->!-->!-->!-->…
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