NEPL/Seplat JV and Edo State Join Forces for Massive Reforestation Initiative In a landmark move towards environmental conservation and sustainable development, the NNPC Exploration and Production Limited/Seplat Energy Joint Venture (NEPL/Seplat JV) has forged a strategic partnership with the Edo State Government. The agreement entails the allocation of 6,000 hectares of land from Edo’s protected…
Ikeja Electric Honored for Commitment to Sustainable Development. Ikeja Electric Plc (IE), Nigeria’s premier electricity distribution company, has received the esteemed Energy Times award for “Sustainable Development Company of the Year 2023.” This recognition highlights IE’s steadfast dedication to providing efficient service delivery and fostering community welfare. The announcement was made at the inaugural Energy…
African Oil and Gas Leaders to Forge Investment Pathways at OTC 2024 Houston, Texas, USA – As the 2024 Offshore Technology Conference (OTC) approaches, African oil and gas executives and Small Medium Enterprises (SMEs) are gearing up for pivotal discussions on investment opportunities and collaborative ventures within the industry. Mrs. Jumoke Oyedun, CEO of New…
GSPA for Brass Methanol Project to be executed in May, says Ekpo. The Gas Supply and Purchase Agreement (GSPA) crucial for advancing the Brass Methanol Project is on track to be finalized and executed by May 2024, announced Rt. Hon. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), following a pivotal meeting held in…
Foreign Direct Investment in Nigeria Plummets by $19 Billion Over a Decade In a recent presentation to top business leaders in Lagos, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, revealed a stark decline in Foreign Direct Investments (FDI) into Nigeria. According to Edun’s presentation, FDI fell from $22.7 billion in…
NNPCL resolves supply hitch in Lagos. The management of the Nigerian National Petroleum Company Ltd. (NNPCL) has identified an issue at one of its depots in Lagos as the cause of inadequate petroleum product supply to some filling stations in the state. Mr. Olufemi Soneye, the Chief Corporate Communications Officer of NNPCL, made this known…
Energy Commission to Intensify Clean Cooking Campaigns. The Energy Commission of Nigeria (ECN) has reaffirmed its commitment to promoting the adoption of clean cooking solutions across all six geopolitical zones of the country. Dr. Mustapha Abdullahi, the Director-General of ECN, made this declaration at the conclusion of a two-day training on gender sensitisation organized for…
Investment in Modern Power Infrastructure Urged to Prevent System Collapses In response to the recent collapse of the national electricity transmission network on March 28, experts in the power industry are urging the Federal Government to prioritize investments in modern power infrastructure. This call comes amidst concerns over frequent system collapses affecting millions of homes…
Local vehicle manufacturing begins soon, declares industry minister In a bold move to transform Nigeria into a key player in the global vehicle manufacturing sector, Minister of Industry, Trade and Investment, Doris Uzoka-Anite, has unveiled plans for the Nigeria Automotive Industry Development Plan. The announcement came during a high-profile gathering of stakeholders from both public…
FG targets 2.5 million barrels per day crude oil production Brent, the global benchmark for crude oil, has seen a notable price increase over the past three days, reaching over $84 per barrel on Friday. This surge follows weeks of trading at an average of $80 per barrel. The price hike coincides with Nigeria’s announcement…
