ENERGY

The dust had barely settled on Seplat Energy’s monumental acquisition of MPNU, yet the gaze of its leadership was firmly fixed on the horizon, a future painted in hues of sustainable growth. Chairman Udoma Udo Udoma, addressing stakeholders, reiterated this vision, emphasizing that the doubling of production and reserves was …

By Chinenye Ajayi The Federal Government of Nigeria recently announced a policy to halt the importation of solar panels. This decision is intended to promote local manufacturing, reduce forex pressure, and align with Presidential Executive Order No. 5, which emphasises local content in science, engineering, and technology. While well-intentioned, this …

…as 4.5 Million Generators Power Homes and Businesses Lagos State Commissioner for Energy and Mineral Resources, Biodun Ogunleye, says residents of Lagos State have spent an estimated N14tn to buy fuel for their power generators annually. Ogunleye said there are about 4.5 million power generators in Lagos homes and offices, …

The Nigerian Electricity Regulatory Commission (NERC) has levied a substantial N628.03 million fine on eight electricity distribution companies, including Ikeja and Eko Discos, for the widespread practice of overbilling unmetered customers, signaling a stern warning against consumer exploitation and noncompliance with the capping of estimated bills for unmetered customers. A …

The Dangote Petroleum Refinery and Petrochemicals has reduced the ex-depot (gantry) price of petrol to ₦865 per litre. Sources confirmed that the $20 billion refinery notified its marketers and customers of the new pricing on Thursday. An official from the refinery, speaking to The Nation, confirmed the price adjustment from …

In a significant move to safeguard Nigeria from potential fraud, the Attorney-General of the Federation and Minister of Justice, Chief Lateef Fagbemi (SAN), has led a team of senior lawyers to represent the Federal Government at a Supreme Court hearing over the Petro Union Oil and Gas Limited case. The …

Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has accused federal Ministry of Labour and Ministry of Interior of disregarding established regulations in granting approximately 11,000 Indians expatriate status for employment at Sterling Oil Exploration and Energy Production Company Limited President of the union, Festus Osifo, who leveled …

In a bold move aimed at stabilizing fuel prices and protecting consumers, Dangote Refinery has announced a significant reduction in its petrol gantry price to N825 per litre, effective February 27, 2025. According to the compqny, this decision, coupled with a promise to refund customers who are overcharged, signals the …

For decades, Nigeria’s power sector has been on shaky ground — struggling with unreliable electricity supply, aging infrastructure, and an overdependence on fossil fuels. Grid collapse has become a recurrent experience, forcing households and businesses to rely on expensive and polluting generators. Amid these challenges, past and present governments always …

Seplat Energy Plc, a leading Nigerian energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange has announced its complete acquisition of Mobil Producing Nigeria Unlimited (“MPNU”) from ExxonMobil . The transaction is transformative for Seplat Energy, more than doubling production and positioning the Company to …