By Salif Atojoko President Bola Tinubu says Nigeria remains committed to a balanced approach to energy transition. According to him, the country still requires substantial investments in the oil and gas sector to meet its energy demands and economic needs. Tinubu made the remarks at a meeting with the GroupContinue Reading
By Emmanuella Anokam The Minister of Finance/Coordinating Minister of the Economy, Mr Wale Edun has described the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project as critical to the industrialisation and economic growth of Nigeria. Edun stated this on Friday, during a working visit of three cabinet Ministers to the AKK gas pipelineContinue Reading
By Aisha Gambo Wale Edun, Minister of Finance and Coordinating Minister of the Economy,, says the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project has reached 90 per cent completion stage. The minister said this in Kaduna during an inter-ministerial visit to the gas pipeline project at River Kaduna HDD crossing site. HeContinue Reading
By Lucy Ogalue The Nigeria Extractive Industries Transparency Initiative (NEITI) is engaging with stakeholders to review and validate the 2023 Annual Progress Report (APR) of Nigeria’s extractive industries. Dr Orji Ogbonnaya Orji, the Executive Secretary of NEITI, said this at a Stakeholder’s Consultation/Validation Meeting on Thursday in Abuja. The NewsContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the extension of the deadline for the registration and submission of pre-qualification documents for the 2024 oil block licensing round. Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC, announced the extension in a statement issued on Wednesday. KomolafeContinue Reading
By Emmanuella Anokam The Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo says the path to a sustainable energy future requires partnership, innovation, and a shared commitment to addressing global energy challenges. Ekpo said this at a reception hosted by the Nigerian High Commission in Alberta, Calgary, Canada, where heContinue Reading
By Rukayat Moisemhe Some experts have called for a well-articulated and sustainable programme to decentralise the power sector regulatory environment and incentivise investors to boost natural gas production in Nigeria. They said this at the American Business Council (ABC) Economic Update with theme: “Energising Nigeria: Navigating Challenges, Harnessing Opportunities,”Continue Reading
By Emmanuella Anokam The Federal Government says establishing the Africa Energy Bank (AEB) represents a bold and strategic move towards ensuring energy security, fostering economic growth and promoting sustainable development across Africa. Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), made this known at a dinner with Heads ofContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) has executed a Project Development Agreement (PDA) with Golar LNG for the deployment of a Floating Liquefied Natural Gas (LNG) offshore Niger Delta, Nigeria. Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., in a statement on Tuesday said theContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Monday disowned reports in some sections of the media alleging that it inflated subsidy claims by N3.3trillion. A statement issued by Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., stated that the company had always conducted its businessesContinue Reading
