Category: Energy

Fuel For Fools: Tinubu’s Gift To A Backstabbing Niger Exposes Nigeria’s Peculiar Foreign Policy Mess, By Confidence McHarry

ADEOLA YUSUF

The recent decision by Nigeria to provide urgent fuel and energy supplies to Niger, a nation grappling with a severe crisis, has reignited long-standing debates about the effectiveness of Nigeria’s foreign policy. This move, executed with seemingly little hesitation, directly contradicts the growing calls for a more pragmatic, less altruistic approach to regional engagements. For decades, Nigeria’s foreign policy has been characterised by an Afrocentric “big brother” mentality, a stance that many argue has failed to yield commensurate benefits. This policy, rooted in a desire to champion African solidarity, has…

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450,000 Barrels Daily TNP Shut As Explosion Rocks Nigeria’s Largest Oil Pipeline 

ADEOLA YUSUF

‘Few Days After Takeover,’ details of incident on the 180 kilometers (112 miles) long asset newly bought by Renaissance Africa Energy Company Limited as part of SPDC acquisition    An explosion has struck the Trans-Niger Pipeline, one of Nigeria’s largest oil pipelines, causing significant disruption and raising concerns about environmental damage and economic losses. The incident, which occurred in Rivers State, is the latest in a series of political crises plaguing the country’s oil infrastructure. The explosion, reported late Monday evening sent plumes of thick smoke into the sky, visible…

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NCDMB Probes Sterling Oil Over Alleged Expatriate Quota Violations

ADEOLA YUSUF

. PENGASSAN President, Festus Osifo, has staged a protest at SEEPCO HQ, accusing the company of alleged anti-labour practices and expatriate abuses   The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to enforcing local content laws in the oil and gas sector, following allegations of expatriate quota violations by Sterling Oil Exploration and Energy Production Company (SEEPCO). Platforms Africa reports that the President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Mr. Festus Osifo, recently staged a protest at SEEPCO’s headquarters in…

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TotalEnergies Probed Over Mozambique Attack

ADEOLA YUSUF

French prosecutors have opened a formal manslaughter investigation into energy giant TotalEnergies over its alleged role in a deadly jihadist attack in northern Mozambique in 2021. The probe follows legal complaints from survivors and relatives of victims, who accuse the company of failing to protect subcontractors working near its major gas project at the time. The news was first reported by AFP. The investigation was officially launched on Friday by prosecutors in Nanterre, a western suburb of Paris. TotalEnergies is being probed for involuntary manslaughter and failure to assist persons…

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What ND Western, Partners’ Completion of SPDC’s $2.4 Bn Acquisition Means For Nigeria – Kalejaiye

ADEOLA YUSUF

      More facts have emerged on the completion of historic acquisition of pioneer oil and gas firm in Nigeria, Shell Petroleum Development Company (SPDC). Platforms Africa has, in an exclusive story, earlier reported the re-christening of SPDC, a company established in 1979, after the Renaissance Africa Energy Company (RAEC) finalised the deal. Chief Executive Officer of ND Western Limited, Mr. Lanre Kalejaiye told Platforms Africa in a statement at the weekend that that $2.4 billion “landmark acquisition marks a significant milestone in Nigeria’s energy sector.” Kalejaiye’s Company, ND…

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NERC Moves Oversight To Plateau State Regulatory Commission

ADEOLA YUSUF

The Nigerian Electricity Regulatory Commission, has issued an order to transfer its regulatory oversight of the electricity market in Plateau State to the Plateau State Electricity Regulatory Commission (PSERC). The development is in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended),the Commission said in a statement on Friday. With the EA 2023, the Commission retains the role as a central regulator with regulatory oversight of inter-state/international generation, transmission, supply, trading and system operations. The EA also mandates any state that…

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SPDC Renamed After 46 Years As Renaissance Seals $2.4Bn Acquisition

ADEOLA YUSUF

Historic: Everything Tony Okonedo said about the deal that led to the re-christening of SPDC, the pioneer of petroleum industry in Nigeria + NEW NAME   Shell Petroleum Development Company of Nigeria (SPDC) has been renamed Renaissance Africa Energy Company Limited after 46 years of operation in Nigeria. Platforms Africa reports that this was sequel to the acquisition of the company’s entire stake by Renaissance Africa Energy Holdings today, Thursday, March 13, 2025. Renaissance announced that it had successfully completed the landmark transaction between itself and Shell for the acquisition…

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Angry Trump Calls Canada ‘Tariff Abuser’ After Electricity Surcharge

ADEOLA YUSUF

President Donald Trump called Canada a “tariff abuser” Monday and claimed the United States did not need Canadian energy after the province of Ontario imposed an electricity surcharge on three US states. The leader of Ontario, Canada’s most populous province, said earlier Monday that it was adding a 25 percent surcharge on electricity exports to Michigan, Minnesota and New York — where it powers 1.5 million homes and businesses. “Ontario just announced a 25% surcharge on ‘electricity,’ of all things,” Trump said, claiming the province was “not even allowed to…

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FACT CHECK: Did NNPC Suspend Naira-For-Crude Sale With Local Refiners?

ADEOLA YUSUF

      Words like suspension and termination have been used by a section of the media to describe a six-month contract billed to expire at the end of March 2025     A section of the Nigerian media was on Monday awashed with a report that the Nigerian National Petroleum Company Limited (NNPC Ltd) has suspended the naira-for-crude contracts with local refineries. The report published by BusinessDay and a few online newspapers claimed that the said decision affected refiners, “including Dangote Refinery and other private operators.” The decision, which…

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‘2nd Time In Two Months,’ National Grid Collapses

ADEOLA YUSUF

The National Grid has collapsed on Friday with Nigeria experiencing black out. Reacting to the development in a statement, the Ikeja Electricity Distribution Company said, “please be inform that we experienced a system outage today 07/03/2025 at about 14.00hrs, affecting supply within our network.” Urged customers to bear with them as restoration of supply is ongoing. ‘Money Cannot Buy You Health o,’ Singer Teni Reveals Struggle With Illness ‘Significant’ Oil Volume Discovered in Nigeria’s Songhai Field Recall that the Minister of Power, Adebayo Adelabu, had on March 2nd 2025 assured…

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