Federal High Court Upholds NMDPRA’s Authority to Impose Statutory Levies In a landmark ruling, the Nigerian Federal High Court has upheld the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) power to impose and collect levies on petroleum products sold within Nigeria. This decision marks a significant judicial interpretation of the Petroleum Industry Act 2021…
NERC Imposes Heavy Sanctions on 11 Discos for Non-Compliance with Billing Regulations The Nigerian Electricity Regulatory Commission (NERC) has levied a substantial fine of N10.5 billion on eleven electricity Distribution Companies (DisCos) for their failure to adhere to the monthly capping of estimated bills. This sanction comes as a response to their non-compliance with regulations…
APM Terminals Announces $500 Million Investment in Apapa Port In a significant move set to bolster Nigeria’s maritime sector, APM Terminals’ Global CEO, Mr. Keith Svendsen, has unveiled plans to inject $500 million into the Apapa Port. The announcement came during a high-profile meeting with the Minister of Marine and Blue Economy, Adegboyega Oyetola, as…
Nigeria’s Maritime Agency (NIMASA) Unveils Service Charter to Boost Blue Economy Nigeria’s maritime sector is set for a boost as the Nigerian Maritime Administration and Safety Agency (NIMASA) unveiled a new Service Charter aimed at improving efficiency and driving sustainable development in the nation’s “Blue Economy”. Key Highlights: Commitment to service excellence: The Minister of Marine…
Nigeria Grapples with Gas Shortage, Government Forms Committee to Find Solutions Persistent low gas supply has crippled power generation across Nigeria, prompting the government to establish an inter-ministerial committee to address the issue. This committee, formed by the Ministry of Power and the Ministry of Petroleum Resources Gas, aims to identify sustainable solutions for ensuring…
NNPCL GCEO, Mele Kyari, Receives Daily Assets Newspapers‘ Man of the Year Award for Transforming Oil and Gas Sector The Nigerian National Petroleum Company Ltd (NNPCL) has proudly announced that its Group Chief Executive Officer, Mallam Mele Kyari, has been honored with the prestigious ‘Man of the Year’ Award by Daily Asset Newspapers. This recognition…
Gas Supply to GenCos: FG sets up Inter-Ministerial Committee to Address Challenges The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo and the Minister of Power, Adebayo Adelabu, have set up an Inter-ministerial Committee to address the challenges of low gas supply to power Generating Companies (GenCos).The Committee was set up at the end…
Schneider Electric Introduces New EcoXpert Partner Program Certifications for Data Center & Critical Infrastructure Schneider Electric, a global leader in energy management and automation, has unveiled five new certifications under its EcoXpert Partner Program, focusing on Data Center & Critical Infrastructure solutions. This strategic move is part of Schneider Electric’s ongoing commitment to driving digital…
Environment Minister Praises NOSDRA’s Efforts in Tackling Oil Spills Nigeria’s Minister of Environment, Alhaji Balarabe Abbas Lawal, commended the National Oil Spill Detection and Response Agency (NOSDRA) for its dedication to battling oil spills and related issues. During a visit to NOSDRA headquarters, Lawal expressed his “impressed” by the agency’s progress despite challenges. Here are…
Nigerian Oil Regulator (NUPRC) Pledges Transparency, Unveils Measures to Address Concerns The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has taken steps to address concerns about transparency in contract and license allocation within the oil and gas sector. This move comes in response to queries raised by the Norwegian and Nigerian Extractive Industries Transparency Initiative (EITI…
