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Default: Power Group Seeks Market Operators, DisCos’ Increased Engagement

Mohammed Shosanya Power Up Nigeria,a consumer group in the nation’s power sector,has advocated the need for increased engagement between Market Operators and Distribution Companies to resolve issues surrounding the latter’s non-compliance with

April 30, 2023

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Shell Wins Best Local Content Operator Award

Shell Companies in Nigeria have been named the best local content operators at the 2022 annual industry dinner and awards ceremonies of the Petroleum Technology Association of Nigeria (PETAN) held in Port

December 13, 2022

Oil&Gas

Savannah Energy, PETRONAS Move To Acquire South Sudan’s Oil,Gas Portfolio For US$1.25bn

Savannah Energy Plc, the British independent energy company, has entered into a Share Purchase Agreement (“SPA”) with PETRONAS International Corporation Limited (“PETRONAS”) to acquire PETRONAS’ entire oil and gas business in South

December 12, 2022

Oil&Gas

Customs Seizes 33,390 Litres Of Fuel

The Seme Area Command of the Nigeria Customs Service (NCS) has intercepted 33,390 litres of Premium Motor Spirit(PMS), otherwise known as petrol along the Badagry waterways. The Command Public Relations Officer, SC

December 12, 2022

Business·Maritime

Document Of Cooperation Stabilized Oil Market, Secured Global Energy Security-OPEC

The Organisation of Petroleum Exporting Countries (OPEC), has said that the Document of Cooperation between the cartel and non-OPEC members has stabilized the oil market. OPEC Secretary General, Haitham Al Ghais,who disclosed

December 12, 2022

Oil&Gas

FG Selects 5 Banks To Disburse Cabotage Fund

The Federal government has selected five banks for the disbursement of Cabotage Vessel Financing Fund (CVFF). The banks are: United Bank for Africa (UBA), Zenith Bank, Union Bank of Nigeria, Polaris Bank

December 12, 2022

Business·Maritime

Energy Theft: Court Orders Remand Of Man In Kirikiri Prison

Ikeja Magistrate Court has ordered the remand of one Ejike Anigbo rat the Kirikiri Correctional facility for by-passing electric meter belonging to Ikeja Electric. Anigbo,31, was arraigned by the police before the

December 12, 2022

Power

NDIC Settles 248 Complaints, Recovers N8.3bn From Banks

The Nigeria Deposit Insurance Corporation (NDIC), resolved 248 complaints from its prospective depositors and recovered over N8.3 billion from their respective banks. Its Managing Director, Mr. Bello Hassan, disclosed this at the

December 12, 2022

NAICOM·Regulators·SEC

Oluyole: Court Affirms Akande-Sadipe As APC Reps Candidate

The Federal High Court sitting in Ibadan, has dismissed a case filed by Hon. Olugbemi Sunbo, against the victory of Rep. Tolulope Akande-Sadipe, who emerged as the candidate of the All Progressives

December 12, 2022

Law/Human Rights

Petroleum Producers Score Nigerian Content High

The Chairman of Independent Petroleum Producers Group (IPPG), Mr. Abdulrazaq Isa has scored the Nigerian Content Policy high in the nation’s oil and gas sector The 27-member indigenous oil and gas exploration

December 12, 2022

Oil&Gas

Nigeria’s Export Proceeds Repatriation to Hit $1bn

The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, expressed optimism that export proceeds repatriation for rebate would hit N1billion fourth quarter of 2022. Emefiele spoke at a press conference on the

December 12, 2022

News·Nigeria News

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