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…
Tinubu Directs AGF, EFCC, and Others to Resolve $1.3 Billion Malabu Oil Deal Saga President Bola Tinubu has instructed the Attorney-General of the Federation, Lateef Fagbemi, to expedite the resolution of court cases related to the $1.3 billion deepwater OML 245 oil block in the Niger Delta region. Other key figures tasked with carrying out…
Gas Shortage Raises Concerns Over Viability of $25 Billion Nigeria-Morocco Pipeline The federal government’s efforts to provide continuous gas supply for the Nigeria-Morocco gas pipeline, a $25 billion project designed to transport Nigerian gas to Europe through Morocco, are reportedly facing challenges due to ongoing issues with gas supply in the country. The proposed pipeline,…
Oil Major Exodus Poses Threat to Nigeria’s Oil Industry Expansion Big Oil’s Exodus from Nigeria’s Onshore: Local Firms Step In for Onshore Resurgence Nigeria faces a significant shift in its oil and gas landscape as international oil companies continue to divest from the onshore Niger Delta due to security concerns and illegal activities. The exit…
Seaport Operators Advocate for Maritime Sector, Asserting Potential to Surpass Oil in Revenue Generation Princess Vicky Haastrup, the Chairman of the Seaport Terminal Operators Association of Nigeria (STOAN), has asserted that Nigeria’s maritime sector has the potential to surpass the oil and gas industry in terms of revenue generation if it receives prioritized attention. During…
