Dangote Refinery Slashes Ex-depot Price of Petrol to N890 In a strategic move aimed at providing economic relief to Nigerians, Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890. This price adjustment takes effect from Saturday, signaling a proactive response…
Oando Reports 45% Revenue Growth, Hits N4.1 Trillion in FY 2024 Oando Achieves N4.1 Trillion Revenue and N65.5 Billion Profit-After-Tax in FY 2024 Oando PLC, Africa’s leading integrated energy company listed on both the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE), has announced an impressive 45% growth in revenue, reaching N4.1 trillion for…
Axxela Secures Gas Distribution Licenses for Lagos and Port Harcourt Clusters to Boost Domestic Natural Gas Utilisation Lagos, Nigeria — January 28, 2025 — Axxela Limited, a leading gas and power portfolio company in sub-Saharan Africa, has been awarded gas distribution licenses for its subsidiaries, Gaslink Nigeria Limited and Central Horizon Gas Company Limited. The…
NMDPRA Rolls Out Gas Distribution Licenses to Expand Nigeria’s Gas Utilization The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has commenced the rollout of Gas Distribution Licenses (GDLs) to qualified gas operators, a move set to revolutionize Nigeria’s gas sector. The initiative aims to expand gas utilization across various subsectors of the economy, supporting…
Nigeria Seeks $1.1 Billion to Expand Renewable Mini-Grids Amid Power Crisis In a bid to tackle Nigeria’s persistent power crisis and frequent grid collapses, the Federal Government is working with local and international financial institutions to secure $1.1 billion for the expansion of renewable mini-grids across the country. The Managing Director of the Rural Electrification…
NCDMB ES, SPDC Officials Commend Brightwaters Energy’s Capabilities During Facility Tour The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, alongside senior officials of Shell Petroleum Development Company (SPDC), conducted a facility tour of Brightwaters Energy Limited in Port Harcourt, Rivers State, on Tuesday. The visit, which covered…
Access Bank Wins THISDAY ‘Global Bank of the Year’ Award, Aig-Imoukhuede Named ‘Titan of the Year’ Access Bank PLC has been named Global Bank of the Year at the prestigious THISDAY Awards 2025, solidifying its position as a leading force in the global banking sector. Additionally, Aigboje Aig-Imoukhuede, Chairman of Access Holdings, received the Titan…
Inclusive Energy Transition in Africa: The Role of Cooperation and Funding As the global push for clean energy gains momentum, concerns persist about Africa’s ability to transition away from fossil fuels while ensuring energy remains accessible, affordable, and sustainable. With many parts of the continent still grappling with energy poverty, stakeholders stress the need for…
Engr. Gbenga Komolafe Honored as ThisDay CEO of the Year Engr. Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has been named CEO of the Year by ThisDay/Arise Group. The prestigious award recognizes Komolafe’s exemplary leadership and transformative impact on Nigeria’s upstream oil and gas sector. Under his stewardship, NUPRC has…
PTML Customs Aims for One-Hour Cargo Clearance Lagos, Nigeria – The Port and Terminal Multi-Purpose Services Limited (PTML) Command of the Nigeria Customs Service (NCS) is setting a new benchmark in cargo clearance efficiency, aiming to reduce processing time to just one hour. This initiative follows the successful implementation of a two-hour clearance system. Speaking…
