Category: Energy

‘Crazy Billing Angers The gods,’ Masquerade Leads Protest Against IBEDC

ADEOLA YUSUF

Residents of Omu-Aran, a community in Kwara State’s Irepodun Local Government Area, took to the streets in protest on Friday, led by traditional masquerades, over contentious electricity billing issues. The protest centered around the sudden reclassification of their community’s electricity billing from Band C to Band A, resulting in significantly increased bills for March 2025. Protesters, adorned in traditional attire alongside placards bearing messages such as ‘Omu-Aran Says No to Band A’ and ‘Bring Us Back to Band C’, gathered at Bareke Roundabout amidst chants and traditional war songs. According…

Read More

‘Resource-Rich, Serious Investment Destination,’ NGA Flaunts Nigeria’s Profiles For WGC 2025

ADEOLA YUSUF

The Nigerian Gas Association (NGA) has confirmed its strategic participation at the 29th World Gas Conference (WGC2025), set to take place in Beijing, China. Speaking during a media engagement in Lagos, NGA President, Akachukwu Nwokedi revealed that the Association would host a Nigeria Pavilion at the prestigious triennial event, organized by the International Gas Union (IGU). The Pavilion will spotlight Nigeria’s gas sector progress, highlight investment-ready opportunities, and promote strategic interests under the “Decade of Gas” initiative. “This platform is not just symbolic. It is strategic. It signals Nigeria’s readiness…

Read More

Nigerian Gas Sector Gets $450m Investment Boost

ADEOLA YUSUF

. As Temile Development Company Secures VLGC Contract   The Nigerian gas sector has received a significant investment boost with Temile Development Company Ltd (TDC) securing a contract with Hyundai Heavy Industries (HHI) for the construction of an 88,000 cubic meter Very Large Gas Carrier (VLGC). The contract, signed in London, UK on Wednesday alongside a deal for the construction supervision contract with the NLNG Shipping & Marine Limited (NSML), is valued at over $250 million and brings TDC’s total investments in the gas sector to over $450 million, within…

Read More

‘It’s Official,’ Nigeria Oil Reserve Is 37.28 Bn Barrels, Gas Reserve Is 210.54 TCF

ADEOLA YUSUF

   ‘I, Engr. Gbenga Olu Komolafe, Commission Chief Executive, hereby declare…” you actually want to read the full official annual national Hydrocarbon Index for 2025 NUPRC Boss Sent to Platforms Africa   Nigeria has declared 37.28 billion barrels as the total oil and condensate reserves and 210.54 trillion cubic feet (TCF) as total gas reserves in its official National Petroleum Reserves Position for 2025. Chief Executive of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC),  Gbenga Komolafe, who officially released the data in a statement to Platforms Africa on Saturday morning,…

Read More

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

ADEOLA YUSUF

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…

Read More

Tompolo Talks Tough As Protesters Attack 28,000bpd Facility

ADEOLA YUSUF

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…

Read More

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

ADEOLA YUSUF

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…

Read More

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

ADEOLA YUSUF

‘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…

Read More

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

ADEOLA YUSUF

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’…

Read More

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

ADEOLA YUSUF

“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…

Read More