Dangote Refinery Set to Commence PMS Sales: A New Era for Nigeria’s Petroleum Industry In a development that promises to significantly impact Nigeria’s energy landscape, the Dangote Petroleum Refinery is on the brink of launching its much-anticipated sales and distribution of Premium Motor Spirit (PMS), commonly known as petrol. This announcement comes shortly after the…
NNPC Ltd Faces Escalating Financial Strain Due to Rising PMS Supply Costs: Implications for National Fuel Supply Sustainability In recent weeks, the Nigerian National Petroleum Corporation Limited (NNPC Ltd) has found itself at the center of a growing financial crisis that threatens to disrupt the steady supply of Premium Motor Spirit (PMS) across the nation….
Africa Energy Investment Outlook Focused on showcasing Africa’s role in the global energy mix, Africa Energy Investment Outlook brings together top financers, investors, consultants and players across Africa and European energy markets. The event will address the dynamic landscape of the Africa Energy industry, focusing on four key themes: Energy Finance Africa’s Mining African Gas Renewable Energy
Access Holdings Deepens Commitment to Child Education with Strategic Donation to Bethesda Child Support Agency In a powerful demonstration of its enduring commitment to social impact and child education, Access Holdings Plc has once again taken a significant step towards empowering vulnerable children across Nigeria. As part of its long-standing partnership with Bethesda Child Support…
Federal Government Unveils Comprehensive National Electricity Policy to Address Industry Challenges In a bold and strategic move to tackle the persistent issues plaguing Nigeria’s electricity sector, the Federal Government has unveiled the zero draft of the National Integrated Electricity Policy and Strategic Implementation Plan (NIEP-SIP). This landmark policy aims to reshape the Nigerian Electricity Supply…
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…
