The Ondo State Government said, on Wednesday, that it had signed a $50bn investment agreement with a consortium of international firms under the Sunshine Infrastructure Joint Venture to establish a major refinery and free trade zone in the state. Governor Lucky Aiyedatiwa’s Chief Press Secretary, Ebenezer Adeniyan, disclosed this in a statement on Wednesday, READ MORE
Category: Energy
NNPCL champions energy equity, global collaboration at ADIPEC 2025
The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, today led a high-level delegation to the NNPC exhibition booth at the ongoing Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025), reinforcing the company’s commitment to global partnerships, energy equity, and sustainable investment. Welcomed by the Executive Vice President, Business Services, READ MORE
NNPC Fast-Tracks Transformation as IPO Plans Gather Pace
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it is accelerating a major transformation drive as it moves closer to a landmark Initial Public Offering (IPO), with sweeping reforms in governance, infrastructure, and operations aimed at boosting investor confidence. Group Chief Executive Officer, Bashir Ojulari, disclosed this during a session at the 2025 READ MORE
Dangote Refinery Assures Steady Fuel Supply as Output Surpasses National Demand
The Dangote Petroleum Refinery has pledged uninterrupted nationwide supply of petrol and diesel during the forthcoming festive season, announcing that its current daily production exceeds Nigeria’s fuel demand. According to Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Industries Limited, the refinery currently produces over 45 million litres of petrol and 25 READ MORE
FG Backs Dangote Refinery’s 1.4m bpd Expansion Target
The Federal Government of Nigeria has pledged full support for the Dangote Refinery as it works toward achieving its expanded production target of 1.4 million barrels of refined products per day. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, made the commitment on Monday in Lagos during his opening address at the 19th READ MORE
Nigeria: Recent policy reforms unlocked new growth opportunities across energy value chain – NNPCL
Dr Mumuni Dagazau, Executive Vice President (EVP) of Downstream, NNPC Ltd., says the nation’s downstream oil and gas sector is undergoing a transformation driven by deregulation, foreign exchange reforms, and strategic collaborations. Dagazau made this known on Monday in Lagos at the 19th Africa Downstream Energy Week, with the theme “Energy Sustainability: Growth Beyond READ MORE
Dangote Refinery Expands Capacity to 1.4 Million Barrels Per Day
The Dangote Refinery has announced plans to expand its production capacity from 650,000 barrels per day (bpd) to 1.4 million bpd, positioning it to become the largest refinery in the world. President of the Dangote Group, Alhaji Aliko Dangote, disclosed this during a press briefing in Lagos on Sunday. He was joined by his READ MORE
President Tinubu congratulates Ekperikpe Ekpo as president of ministerial meeting of GECF, Philip Mshelbila on election as secretary-general
President Bola Ahmed Tinubu congratulates Dr Philip Mshelbila, Managing Director of Nigeria LNG Limited (NLNG), on his election as Secretary-General of the Gas Exporting Countries Forum (GECF) at the 27th Ministerial Meeting of the Forum held in Doha, Qatar. The President also congratulates the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, on READ MORE
Dangote to Double Refinery Capacity to 1.4 Million Barrels Per Day
Aliko Dangote, President of the Dangote Group, has announced plans to expand the capacity of the Dangote Refinery from its current 650,000 barrels per day (bpd) to 1.4 million bpd—positioning it to become the largest refinery in the world. Speaking in an interview with S&P Global, Dangote revealed that the expansion would be funded READ MORE
Asharami Synergy bolsters fuel solutions in Lekki with new retail station
Asharami Synergy, a Sahara Group downstream company, has strengthened its retail footprint with the commissioning of a new station in Lekki, Lagos, to enhance access to exceptional fuelling solutions. Strategically located to serve residents and businesses across Lekki and its environs, the new facility is equipped with trailblazing forecourt technology. This system allows for READ MORE
Ikeja Electric, LECAN Empower Young Electricians Through Skill Training
Lagos, Nigeria; October 11, 2025: As part of its continuous investment in human capital development, Ikeja Electric Plc (IE), Nigeria’s leading electricity distribution company, in collaboration with the Licensed Electrical Contractors Association of Nigeria (LECAN), organized a one-day intensive skills acquisition and capacity-building programme themed: “Electrical Safety and Best Practices in the Electricity industry.” READ MORE
Nigeria: President Tinubu welcomes Shell’s $2b FID on a new gas project offshore HI Field
President Bola Tinubu welcomes the news of Shell’s $2 billion Final Investment Decision (FID) on a new gas project in the shallow offshore HI Field, in OML 144. The new Non-Associated Gas (NAG) development project will deliver approximately 350 million standard cubic feet of gas per day (mmscf/d) from 2028, equivalent to almost a READ MORE
NCDMB, partners step up sensitization on Content Fund Remittance Certificate, new features
The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday in Port Harcourt, Rivers State, brought together chief executives of indigenous oil and gas companies, host community contractors and vendors, alongside key personnel of three financial institutions, for appraisal of funding and regulatory mechanisms instituted by the Board. Christened “NCDMB Stakeholders Sensitization and Engagement READ MORE
Nigeria: PENGASSAN, Dangote Refinery’s dispute resolved – FG
The Federal Government has announced that the dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Dangote Group has been resolved, bringing an end to the nationwide strike threat in the oil and gas sector. In a statement issued early Wednesday by the Minister of Labour and Employment, READ MORE
Renaissance charges Africa to lead its energy future
In a bold call to action, Nigeria’s Renaissance Africa Energy Company Limited has urged African nations to take full ownership of the continent’s vast hydrocarbon resources, positioning energy leadership as the key to unlocking industrialisation and sustainable development. “We are sitting on immense natural wealth, yet we remain dependent. This must change. Renaissance is READ MORE