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NNPC Strikes Oil in Nasarawa

The Nigerian National Petroleum Company Limited has announced the discovery of oil in Nasarawa State, saying it will spud the first oil well in March 2023. It said the discovery was in continuation of its oil exploration activities in the country’s inland basins. NNPC’s Group Chief Executive Officer, Mele Kyari, announced the discovery and the […]Continue Reading
Energy

Buhari Reaffirms 30 Gigawatts Energy Target

President Muhammadu Buhari has restated the determination of the Nigerian Government towards achieving the vision of 30 Gigawatts of energy by the year 2030. The President said this in Washington during the discussion panel on Just Energy Transition at the ongoing US-Africa Leaders Summit.  President Buhari said as part of the National Renewable Energy and […]Continue Reading
Energy

NNPC, Daewoo Sign MoU on Kaduna Refinery

The Nigerian National Petroleum Company (NNPC) Ltd has signed a memorandum of understanding (MoU) with Daewoo Group, a South Korean conglomerate, for the rehabilitation of the Kaduna refinery. According to a statement by Femi Adesina, special adviser to the president on media and publicity, the agreement was signed on the sidelines of the 2022 World […]Continue Reading
Energy

PMB Attends Unveiling of NNPC Limited in Abuja

President Muhammadu Buhari has officially unveiled the Nigerian National Petroleum Company Limited, in line with the provisions of the Petroleum Industry Act, 2021. The unveiling, which took place earlier on Tuesday at the State House, Abuja, was aimed at promoting transparency, accountability and energy security. President Buhari described the unveiling as a landmark Continue Reading
Energy

FG Restructures DISCOs, Takes Over Boards

Federal government has announced the restructuring of five electricity distribution companies, also known as DISCOs. This was contained in a statement jointly signed on Tuesday by the Executive Chairman of the Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba, and Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh. According to them, the Continue Reading
Energy

OPEC Loses Secretary-General

The Secretary-General of the Organisation of Petroleum Exporting Countries, Muhammad Barkindo, is dead. Barkindo died late Tuesday. The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, announced Barkindo’s death in a tweeted posted to his verified Twitter handle, @MKKyari, in the early hours of Wednesday. “We lost our esteemed Dr Muhammad Continue Reading
Energy

FG Gives Go Ahead on Morocco-Europe Gas Pipeline

FG Directs NNPC To Implement ECOWAS-Morocco-Europe Gas Pipeline The Federal Government has directed the Nigerian National Petroleum Corporation (NNPC) to implement a deal on a gas pipeline to Europe through Morocco. Africa’s gas resources are increasingly in the spotlight as the European Union looks to wean itself off Russian supplies following the invasion of Ukraine […]Continue Reading