NERC Emerges as Leading MDA in Complaint Resolution, Among Top 5 Most Efficient Agencies in Nigeria In a remarkable demonstration of efficiency and transparency, the Nigerian Electricity Regulatory Commission (NERC) has been recognized as the top performer among 53 Ministries, Departments, and Agencies (MDAs) of the Federal Government. NERC achieved a perfect score of 100%…
MEMAN Hosts Pioneering Webinar on Energy Transition Through Solar Energy in Nigeria In a significant move toward addressing Nigeria’s energy challenges and promoting renewable energy, the Major Energy Marketers Association of Nigeria (MEMAN) successfully hosted a landmark webinar as part of its MEMAN Competency Centre Series. This event focused on the critical role of solar…
Civil Society Organizations Demand President Tinubu Halt Fuel Imports, Operationalize Local Refineries In a bold and unequivocal move, a coalition of civil society organizations (CSOs) has called on President Bola Tinubu to bring an immediate end to Nigeria’s reliance on the importation of refined petroleum products. The coalition argues that this policy has exacerbated the…
Oil Sector’s Contribution to Nigeria’s GDP Drops to 5.70% in Q2 2024 The oil sector’s contribution to Nigeria’s Gross Domestic Product (GDP) fell from 6.38% in the first quarter of 2024 to 5.70% in the second quarter, according to data released by the National Bureau of Statistics (NBS). This decline comes despite a 3.53% growth…
Nigeria’s Oil Production Rises to 1.3 Million B/D in July Nigeria’s oil production saw a boost in July 2024, increasing by 30,000 barrels per day (bpd) from 1.27 million bpd to 1.30 million bpd, according to the Organization of Petroleum Exporting Countries (OPEC) August Monthly Oil Market Report. This increase solidifies Nigeria’s position as Africa’s…
Efficiency, Accountability, Ethics Key to a Robust Arbitration Process – Onwuchekwa To bolster the trust and credibility of Nigeria’s arbitration system and position the country as a leading arbitration hub, it is essential to prioritize efficiency, accountability, transparency, competence, and ethics. This was the key message delivered by Mrs. Edith Onwuchekwa, Director Legal and Company…
U.S. Crude Oil and Product Inventories Show Widespread Declines Crude oil inventories in the United States dropped by 3.4 million barrels for the week ending August 23, as reported by the American Petroleum Institute (API), surpassing analysts’ expectations of a 3 million barrel decline. This follows a 347,000-barrel increase in crude inventories reported by the…
NIPCO Gas Limited Inaugurates Lekki Gas Distribution Project NIPCO Gas Limited, in partnership with NNPC Gas Marketing Limited (NGML), has officially commissioned the Lekki Gas Distribution Project and the Lekki Power Plant, marking a significant milestone in Nigeria’s energy sector. This project, which was inaugurated on August 28, 2024, is part of the ongoing…
NNPC Launches Vision First Programme in Ilaje Community, Lagos NNPC Ltd has launched the third edition of its Vision First Programme, a community-focused healthcare outreach initiative, in the Ilaje community of Bariga, Lagos State. This program, part of a broader commitment by NNPC Ltd and its partner, Shell Nigeria Exploration and Production Company (SNEPCo), under…
NCDMB Retains Top Ranking as Presidential Council Evaluates Efficiency, Transparency of MDAs The Nigerian Content Development and Monitoring Board (NCDMB) has retained its top ranking in business efficiency and transparency among ministries, departments and agencies (MDAs), as captured in the latest evaluative assessment by the Presidential Enabling Business Environment Council (PEBEC). In the ‘2024 Half…
