ECOWAS Ministers Announce Key Progress in African Atlantic Gas Pipeline Project The African Atlantic Gas Pipeline (AAGP), an ambitious initiative to connect Nigeria’s extensive gas reserves with North Africa and Europe, has achieved a significant milestone, as announced by Hon. Ekperikpe Ekpo, Nigeria’s Minister of State for Petroleum Resources (Gas) and Chair of the ECOWAS…
Nigeria Sets Stage for Africa Energy Bank Headquarters, Confirms Operational Launch for Early 2025 Nigeria is moving forward as the host nation for the Africa Energy Bank (AEB) headquarters, following a winning bid in July 2024. The bank, aimed at financing vital energy projects across the continent, is set to become operational in the first…
Dangote Refinery Refutes IPMAN Claims of Payment for Petroleum Products The Dangote Petroleum Refinery (DR) has dismissed recent claims by the Independent Petroleum Marketers Association of Nigeria (IPMAN) regarding payments for refined petroleum products. In a statement, DR clarified that it has not received any funds from IPMAN for the purchase of petroleum products. While…
Petrol Demand Set to Reach 50 Million Litres Daily, Says NMDPRA At the OTL Africa Downstream Energy Week in Lagos, Farouk Ahmed, Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), announced a potential rise in daily petrol consumption in Nigeria, which could reach up to 50 million litres as the festive…
MEMAN Cautions Against Panic-Buying, Ensures Steady Petroleum Supply The Major Energy Marketers Association of Nigeria (MEMAN) has addressed recent concerns surrounding petroleum product availability in Nigeria, urging the public to avoid panic-buying. MEMAN reassures stakeholders that it maintains substantial reserves of petroleum products, both in its own storage facilities and in partnership with key suppliers,…
Access Holdings Justifies High Cost-to-Income Ratio, Outlines Growth Strategy Access Holdings PLC has clarified its high cost-to-income ratio, attributing it to strategic investments in growth and expansion. The company is focused on consolidating its presence in key markets and enhancing its service offerings. Key Points: Strategic Investments: Access Holdings is investing heavily in infrastructure, technology,…
Marowin Strengthens Industry with Exclusive Elcometer Partnership Marowin Engineering and Development Limited, a leading indigenous engineering and procurement firm, has announced an exclusive partnership with Elcometer, a global leader in precision measurement instrumentation. This strategic collaboration aims to enhance the reliability and efficiency of Nigeria’s oil and gas industry by providing access to cutting-edge equipment…
NMDPRA Pushes for Energy Transition, Recommends Phase-out of Traditional Outlets The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called for a strategic shift in Nigeria’s energy landscape, advocating for the phase-out of traditional petroleum retail outlets in favor of facilities equipped to handle Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG). NMDPRA’s…
Odeh Retires as NLNG Appoints Sofia Horsfall as New General Manager, External Relations After a distinguished 26-year career, Andy Odeh has retired from Nigeria Liquefied Natural Gas (NLNG), passing the baton to Sofia Horsfall, who assumes the role of General Manager, External Relations, effective November 1, 2024. At a press conference in Lagos, Odeh expressed…
NNPC Ltd Launches Free Cancer Screening Campaign for 3,000 Nigerians NNPC Ltd, through its Corporate Social Responsibility arm, NNPC Foundation, is launching a nationwide free cancer screening campaign targeting 3,000 Nigerians. The campaign, titled “Cancer Awareness and ZSX Screening,” will offer free cancer screenings, health education, workshops, and consultations to empower individuals in recognizing cancer…
