Category: Energy

NERC Slams N628.03m Fine On Eight DisCos + FULL LIST

Ganiyu Amodu

The Nigerian Electricity Regulatory Commission (NERC) has fined Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola Electricity Distribution Companies the sum of N628.03million for non-compliance with the capping of estimated billing for unmetered customers. The commission conveyed the sanction in a release on Thursday. It explained that the action was sequel to a review of billing practices between July and September 2024, which revealed that the affected DisCos failed to adhere to monthly energy caps issued by NERC. The fines represent five per cent of the gross overbilling during…

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Tompolo Talks Tough As Protesters Attack 28,000bpd Facility

Ganiyu Amodu

Angry Itsekiri protesters, on Wednesday, shut down a 28,000 barrels-per-day oil facility in Ugborodo Community, Warri South-West Local Government Area. The action was in protest against what the youths described as a biased ward delineation report released by the Independent National Electoral Commission. The protesters accused INEC and its “collaborators” of orchestrating an ethnic cleansing agenda aimed at marginalising the Itsekiri people. They also warned that any attempt to use the pipeline surveillance contract awarded to High Chief Government Ekpemupolo, popularly known as Tompolo, would be resisted if perceived to…

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‘Naira-for-Crude Still In Effect,’ Govt Says After Meeting With Dangote Officials

Ganiyu Amodu

The Nigerian government has declared that the naira-for-crude sale deal with Dangote Refinery and other local refineries, facilitated through the Nigerian National Petroleum Company Limited, NNPCL, remains effective. The Technical Sub-Committee on the Crude and Refined Product Sales in Naira Initiative gave this update in a statement on Wednesday after meeting with stakeholders on Tuesday. The committee clarified that the naira-for-crude deal is not a temporary or time-bound intervention but a key policy directive designed to support sustainable local refining, bolster energy security and reduce reliance on foreign exchange in…

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‘Get Ready,’ NNPC Staff Unions Threaten Strike, Warn Ojulari Over Appointment Into Top Positions

Abibat Babalola

‘A Slap On Our Faces,’ Why Appointing External Person’s Into NNPC’s Top Positions Won’t Stand- NUPENG, PENGASSAN Spit Fire   Workers of the Nigerian National Petroleum Company Limited have warned the new Group Chief Executive Officer of the NNPC, Bayo Ojulari, against appointing external persons into top management positions. The staff who are members of the NNPC Group Executive Council of the National Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria threatened to shut down operations if the GCEO brings…

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‘Nigerians To Pay Less For Petrol,’ Oil Price Drops To $65/Barrel

Ganiyu Amodu

There are indications that Nigerians would pay less for the Premium Motor Spirit, PMS, also known as petrol, as the price of Brent dropped to $65 per barrel from $69.90 per barrel in the global market. The price of Brent is used globally to benchmark the prices of other crudes – major feedstocks – and by extension petroleum products prices. Based on checks conducted by Sunday Vanguard, the development was partly fueled by the U.S. President Donald Trump’s announcement of sweeping new tariffs. ‘He Died Weeks After Supporting Late Journalists’…

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Shell, Renaissance Hit With Lawsuit Over $2.4 Bn SPDC License Transfer

Precious Ibekwe

“Other defendants are the AGF; the NNPC Ltd; the NUPRC; and the Ministry of Petroleum Resources.” Details of the unravelling legal fireworks with case number FHC/L/CS/651/2025   A suit seeking to stop Shell Petroleum Development Company Limited’s deal transferring its mining licence worth $2.4 billion to Renaissance African Energy Company Limited has been filed at the Federal High Court in Lagos. The Incorporated Trustees of Human Environmental Development Agenda sued Shell Petroleum Development Company Limited, Renaissance African Energy Company Limited, the Federal Republic of Nigeria, and four others over the…

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‘Their Names, Their Roles,’ NNPC Ltd Appoints Eight Senior Mgt Officers

Aliyu Aliyu

Following the appointment of the Group Chief Executive Officer and Board of Directors, the Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the appointment of a new 8-man Senior Management Team on Friday. Platforms Africa reports that this was contained in a statement by Olufemi O. Soneye, Chief Corporate Communication Officer. The team which would be headed by the GCEO, Mr Bashir Bayo Ojulari, has Rowland Ewubare as Group Chief Operating Officer; Adedapo Segun as Group Chief Financial Officer; and Olalekan Ogunleye as Executive Vice President Gas, Power &…

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‘Why We Did It,’ Seplat Energy Joins Extractive Industry Transparency Initiative

Ganiyu Amodu

Nigeria’s leading indigenous energy company, Seplat Energy Plc, in 2024, became a registered EITI Supporting Company, reinforcing the Company’s commitment to transparency, accountability, and global best practices. This milestone was recognized on the EITI website and across its communications platforms. As an EITI Supporting Company, Seplat Energy promotes transparency in the extractive sector while contributing to the development of international governance standards, according to a statement by the energy Company on Thursday. This affiliation enhances corporate credibility, strengthens financial standing, and fosters greater engagement with governments, industry peers, and civil…

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‘N950/Litre In Abuja, N925/Litre In Lagos,’ NNPC Unveils Petrol New Prices

Abibat Babalola

The Nigerian National Petroleum Company (NNPC) Limited has increased the price of premium motor spirit, also known as petrol, to N950 per litre in Abuja. Platforms Africa reports that the national oil firm raised the price of the product from the previous price of N880 per litre. At the NNPC retail outlet in Federal Housing, Kubwa, Salient Times observed that the price of the product rose by N70. In Lagos, the price of the product increased to N925 per litre — from N860 — at the Ago Palace Way and…

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20/48: Marinho To Ojulari, Tale of 20 Managing Directors In NNPC 48 Years’ History

Ganiyu Amodu

With the appointment of Engineer Bayo Ojulari as the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), the number of helmsmen at the multi-billion dollars oil company hit 20. Bayo Ojulari; 10 Quick Facts About NNPC Ltd New GCEO Mele Kyari Sacked, Ojulari In As Tinubu Stirs Major Shakeup At NNPC Platforms Africa presents the full name and tenure of the twenty oil men that have sat at the most coveted seat at the NNPC. 1. Remilekun Marinho (1977-1980) 2. Odoliyi Lolomari (1980-1981) 3.…

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