NISO repairs vandalised Lagos-Escravos-Lagos gas pipeline
NISO announces repair of the Lagos-Escravos-Lagos gas infrastructure, leading to improved power generation. Learn how this affects national electricity supply and stability.
Category : Search result: Gas Reserves
CBN Pumps $150M to Defend Naira Amid Forex Crunch
The Central Bank of Nigeria intervened with $150 million to support the naira after a sharp 50% drop in weekly FX inflows. The move led to a slight appreciation of the currency and a marginal rise in external reserves. Read the full analysis.
Nigeria ships 33.2m barrels of crude to U.S. in eight months
Nigeria strengthens its role as the top African crude oil supplier to the United States, exporting 33.23 million barrels worth $2.57 billion from January to August 2025. Discover the economic impact and the role of Dangote Refinery.
Naira Falls, FX Reserves See First Decline in Over 2 Months
The Naira weakened by N10 against the dollar last week as Nigeria's external reserves halted their upward trend. Get the latest on exchange rates and CBN's outlook for 2026.
Civil Society Commends NNPC's Ojulari for Oil Sector Turnaround
A civil society coalition has lauded NNPC Ltd's CEO, Bashir Bayo Ojulari, for transformative leadership that increased crude production to a 36-year high of 355,000 bpd and drove record profits. Read the full appraisal.
Conoil Pays ₦2.43bn Dividend to Shareholders for 2024
Conoil Plc announces a massive ₦2.428 billion dividend payout for 2024, rewarding shareholders with 350 kobo per share. Discover how the company achieved 60.5% revenue growth amidst Nigeria's economic challenges.
Trump Won't Rule Out Military Action in Venezuela
US President Donald Trump declines to rule out war with Venezuela, amid naval build-up and tanker seizures. Tensions rise over oil, China ties, and Maduro's regime. Read the full analysis.
Senate Confirms New NMDPRA, NUPRC CEOs After Resignations
The Senate has confirmed new heads for Nigeria's oil regulatory bodies following the resignations of Farouk Ahmed and Gbenga Komolafe amid serious corruption allegations from Aliko Dangote. Read the full details of the scandal and swift political response
BP Appoints First Female CEO in Historic Move
British energy giant BP names industry veteran Meg O'Neill as its new CEO, marking the first external and female appointment in its 116-year history. Discover the strategic shift behind this major leadership change.
Saidu Aliyu Mohammed Appointed NMDPRA CEO by Tinubu
President Tinubu appoints Engr. Saidu Aliyu Mohammed as new NMDPRA CEO following Farouq Ahmed's resignation. Learn about his 37-year career in oil & gas.
Power Generation Drops as Vandals Hit Gas Pipeline
Nigeria's electricity supply plummets after gas pipeline vandalism disrupts the national grid. NISO activates emergency measures as millions face blackouts. Details inside.
Nigeria's 2025 Revenue Shortfall Hits N30 Trillion
Finance Minister Wale Edun reveals the Federal Government may fall short of its 2025 revenue target by N30 trillion. Discover the causes and government's response. Read more.
Ngozi Ekeoma on Leadership, Integrity, and Nepal Energies' Success
Barrister Ngozi Ekeoma, Group MD of Nepal Energies, shares her journey, the role of integrity in business, and her vision for Nigeria's energy sector. Discover how her leadership created over 2000 jobs.
Gas Issues, N6tr Debt Cripple Nigeria's Power Generation
Nigeria's electricity supply plummets due to gas constraints and a massive N6 trillion debt owed to power generation companies. Find out why the grid remains unstable.
NUPRC: Making Oil & Gas Work for Nigerians
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is leading a historic shift towards transparency and accountability in the oil sector, turning a 'resource curse' into a national blessing. Discover how this reform benefits citizens.
Dangote Petitions ICPC Over NMDPRA MD's $7M Spending
Aliko Dangote petitions ICPC to probe NMDPRA MD Farouk Ahmed for alleged misuse of public funds on children's tuition. Lawyers group condemns 'media trial'. Read the full details.
Lawyers Condemn Media Trial of NMDPRA CEO Farouk Ahmed
A coalition of 40 lawyers has condemned baseless corruption allegations against NMDPRA CEO Engr. Farouk Ahmed, warning against media trials that undermine Nigeria's oil sector. Read their full defence.
Gas Constraints Cause Power Decline in South-East - EEDC
EEDC blames recent electricity supply decline on gas shortages affecting GenCos, leading to load shedding. The company apologises for the inconvenience and urges customer patience.
Gas Shortage Causes Major Drop in Nigeria's Power Supply
Nigeria's national grid confirms a sharp drop in electricity supply nationwide due to gas constraints affecting generation companies. Learn the impact and historical context of the power crisis.
Lawyers Slam Dangote Over NMDPRA Corruption Allegations
A coalition of 40 Nigerian lawyers has dismissed Aliko Dangote's corruption claims against NMDPRA's Farouk Ahmed as unfounded, warning against media trials. Read their full statement.
Dangote: Oil Mafia Steals $82M, Sabotages Refinery
Aliko Dangote reveals a powerful cartel stole $82 million from his refinery, alleging sabotage worse than drug mafias. He calls for action against local and international saboteurs.
Ekiti Workers Queue at 3am for 2kg Gas Donation
Businessman Isaac Fayose decries poverty in Ekiti, as civil servants queue from 3am for donated 2kg gas. He says the state is now a 'Fountain of Poverty'. Read more.
CBN Injects $250M to Stabilise Naira as Reserves Hit $45.4B
The Central Bank of Nigeria intervenes with $250 million to ease dollar scarcity and steady the naira. Nigeria's FX reserves rise to a six-year high of $45.44 billion, strengthening the CBN's hand. Read the full analysis.
Naira resilient despite festive dollar demand surge
The Nigerian naira shows resilience against heightened US dollar demand during the festive 'Detty December' season. CBN's external reserves rise to $45.44 billion, providing crucial support. Experts analyze market dynamics and future outlook.
Ethiopia Leads Africa's Energy Shift with Gas-by-Rail Vision
Ethiopia signs a landmark deal to launch a 73,500km gas-by-rail network, aiming to bring clean energy to 1.2 billion Africans. Read about this ambitious continental transformation.
Experts: Use Alternative Energy to Boost Nigeria's Blue Economy
Environmental engineers call on the Tinubu administration to leverage Nigeria's 209 TCF gas reserves and alternative energy to drive a sustainable blue economy, creating jobs and wealth.
Naira Drops to N1,454/$1 Amid Festive Dollar Demand
The Nigerian naira weakened against the US dollar, closing at N1,454/$1 as festive season demand spikes. CBN data shows a weekly decline, though rising reserves offer hope. Full analysis inside.
Nigeria starts N185bn gas legacy debt repayment
The Federal Government has commenced settling N185 billion in legacy debts to gas producers. This move, approved by NEC, aims to revitalize the gas sector, improve electricity generation, and stimulate economic growth. Read more.
N185bn Approved to Settle Gas Debts for Power Boost
The Federal Government has approved N185 billion to pay legacy debts to gas producers, aiming to restore confidence, boost gas supply, and improve Nigeria's electricity generation. Read more.
Komolafe Elected Chairman of African Petroleum Regulators Forum
Gbenga Komolafe, NUPRC CEO, elected AFRIPERF chairman. Nigeria chosen as headquarters, marking a major step for Africa's energy governance and regulatory cooperation.
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