Nigeria Attracts Billions in Oil and Gas Investments Amid Reforms Nigeria is witnessing a surge in oil and gas investments following a series of pro-investment reforms that have positioned the country as Africa’s leading destination for upstream energy ventures. With an estimated 37.5 billion barrels of crude oil and 209 trillion cubic feet of natural…
Global Climate Action at Crossroads: Challenges, Setbacks, and the Path Forward Evidence of climate change is undeniable, from rising sea levels to widespread desertification. Transitioning to a net-zero world represents one of humanity’s most pressing and complex challenges. Scientific consensus indicates that to prevent the most severe impacts of climate change and ensure a livable…
Strengthens Commitment to Nigeria’s Energy Transformation, Hosts Katsina State Governor Genesis Energy Group, a leading provider of integrated energy solutions, reaffirmed its dedication to advancing Nigeria’s power infrastructure by hosting His Excellency, Governor Dikko Umaru Radda of Katsina State. The Governor’s milestone visit to the company’s Lagos and Port Harcourt facilities highlights the growing collaboration…
NPA, NLNG Strengthen Ties to Boost Nigeria’s LNG Exports Lagos, Nigeria – The Nigerian Ports Authority (NPA) has reaffirmed its commitment to boosting Nigeria’s liquefied natural gas (LNG) exports by strengthening its partnership with the Nigeria Liquefied Natural Gas (NLNG) Limited. The pledge was made by NPA’s Managing Director/Chief Executive Officer, Dr. Abubakar Dantsoho, during…
Nigeria’s Gas Paradox: Minister Calls for Accelerated Domestic Utilisation Abuja, Nigeria – The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has raised concerns over Nigeria’s underutilization of its vast natural gas reserves, urging Seplat Energy Producing Nigeria Unlimited (SEPNU) to expedite efforts in boosting domestic consumption and exports. Describing the situation as a…
FG, Navy Set Sights on 3 Million bpd Oil Production by 2025 – Lokpobiri The Federal Government is intensifying efforts to boost Nigeria’s crude oil production to 3 million barrels per day (bpd) by 2025, in collaboration with the Nigerian Navy. Nigeria currently produces approximately 1.8 million bpd, a notable improvement from the 1.4 million…
Tinubu Applauds Shell, Partners on $5 Billion Bonga North Investment President Bola Ahmed Tinubu has hailed the Final Investment Decision (FID) by Shell and its partners for the $5 billion Bonga North Deep Offshore Field, marking Nigeria’s first deepwater oil development in over a decade. Announced in a statement by the President’s Adviser on Information…
NMDPRA Debunks Reports of Gas Supply Directive to GenCos The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has refuted claims made in a recent news publication alleging that it issued directives to halt gas supply to power-generating companies (GenCos) due to payment failures. In a statement, the NMDPRA categorically dismissed the report as false…
Nigeria’s Infrastructure Deficit Projected to Reach $878 Billion by 2050, Report Warns A new report by Agusto & Co. has projected that Nigeria’s infrastructure deficit could skyrocket to an alarming $878 billion by 2050, underscoring the urgent need for transformative action in the sector. The 2024 Infrastructure Industry Report highlights the immense challenges posed by…
CISLAC Applauds Supreme Court’s Ruling on Anti-Corruption Agencies The Civil Society Legislative Advocacy Centre (CISLAC) has praised the Supreme Court of Nigeria for its landmark ruling affirming the legality and prosecutorial powers of the country’s key anti-corruption agencies. In a unanimous decision on Friday, a seven-member panel led by Justice Uwani Abba-Aji dismissed a suit…
