NUPRC Asserts Ministerial Consent Requirement for Transfer of Oil and Gas Assets The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated that the transfer of ownership of oil and gas assets in Nigeria can only occur with the consent of the minister, in accordance with the 2021 Petroleum Industry Act (PIA). Gbenga Komlafe, the chief…
Nigeria Faces Backlash as Central Bank Doubles Import Duty Rates Within 24 Hours. The Central Bank of Nigeria (CBN) triggered widespread criticism and concerns as it unexpectedly doubled the import duty rate, raising fears of adverse impacts on businesses and consumers. Key Points: Swift Increase in Import Duty Rates: The CBN has implemented a second…
ExxonMobil Expresses Concerns Over Biden Administration’s Temporary Halt on LNG Approvals ExxonMobil and industry groups raise concerns about the potential global and geopolitical implications of the Biden administration’s pause on new Liquefied Natural Gas (LNG) export projects. Key Points: Industry Concerns: ExxonMobil, along with industry groups like the American Petroleum Institute (API) and the American…
NLNG Empowers Women Journalists with Digital Communication Skills Training Nigeria LNG Limited (NLNG) successfully wrapped up its most recent edition of the #NLNGChangeYourStory workshops on Thursday. The workshops were specifically designed to empower women journalists by enhancing their proficiency in advanced digital communication and social media skills. The focus was on equipping them to report…
National Bureau of Statistics Unveils 3% Decline in Nigeria’s Electricity Supply for Q3 2023 The National Bureau of Statistics (NBS) has released its latest report, revealing a 3% drop in Nigeria’s electricity supply during the third quarter of 2023. According to the data, electricity supply decreased from 5,909.83 GWh in the second quarter to 5,731.60…
Nigeria Empowers Remote Communities in Jigawa and Nasarawa with Mini-Grids In a transformative move, the Nigeria Electrification Project (NEP) is illuminating remote communities in Jigawa and Nasarawa states through a groundbreaking partnership with two mini-grid developers. This collaborative effort marks a crucial stride towards providing reliable power to thousands, ushering in a new era of…
Ijaw Women Sound Alarm as Renaissance Explores Acquisition of Shell’s Onshore Assets Port Harcourt, Nigeria The Coalition of Ijaw Women Voices, a pro-Ijaw group, is sounding a cautionary note against Renaissance, the indigenous conglomerate, in its exploration of acquiring onshore assets from Shell. Led by National Coordinator Ms. Annkio Briggs, the group is vehemently urging…
TotalEnergies Applauded for Transformative Investment in African Education. In a resounding endorsement from the academic community, TotalEnergies’ Upstream Nigeria Limited is being lauded for its impactful contribution to science and engineering education in Africa through the “Empowering the Teachers” (ETT) programme. The recent symposium and awards ceremony witnessed accolades from vice-chancellors, scholars, and industry leaders…
Army Discovers Nine Reservoirs Holding Five Million Liters of Illegal Oil in Rivers State On Wednesday, the Nigerian Army’s 6 Division in Port Harcourt made another significant discovery, uncovering nine reservoirs containing over five million liters of stolen crude oil in Rivers State. These reservoirs were found in a dense forest at Obaoma and Uzuoma…
NSCDC Apprehends Six Suspected Illegal Petroleum Products Dealers The Nigeria Security and Civil Defence Corps (NSCDC), Akwa Ibom Command, has apprehended six individuals suspected of engaging in illegal dealings in petroleum products and impersonation. Mr. Eluyemi Eluwade, the commandant of the NSCDC, Akwa Ibom Command, announced the arrests during a news conference held in Uyo…
