Industry News

PTDF reaffirms commitment to indigenous research, technology devt.
The Petroleum Technology Development Fund (PTDF) has reaffirmed its commitment to advancing indigenous research and technology development in Nigeria’s oil and gas sector. Read more…

NUPRC sets Friday deadline for 2025 licensing round registration, pre-qualification
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the registration and submission of applications for Pre-Qualification under the Nigeria 2025 Licensing Round will close at 4.30 p.m. Read more… Read more…

African Energy Chamber and Venezuelan Petroleum Leadership Forge Structured Hydrocarbon Partnership
Venezuela is positioning itself for accelerated oil and gas growth, targeting a near-term increase in production from 1.1 million barrels per day (bpd) to 1.2 million bpd, Read more…

Oando Clean Energy hosts Minister of Environment to strengthen plastic waste management partnership
Oando Clean Energy Limited, OCEL, a subsidiary of Oando PLC, hosted Nigeria’s Minister of Environment, Balarabe Abbas Lawal, at its Lagos headquarters for a strategic engagement focused on deepening collaboration Read more…

Aradel attains ISO 45001:2018 certification
As part of its commitment to reinforcing operational excellence and workplace safety, Aradel Holdings Plc has attained the ISO 45001:2018 certification for its Occupational Health and Safety Management System. Read more…

A regulatory and compliance guide for Cameroon’s 2026 licensing round
Cameroon’s 2026 licensing round represents one of the most structured and commercially compelling entry points into  proven producing basins in Central Africa in recent years. Read more…

NERC receives GIZ on courtesy visit to strengthen collaboration in the power sector
The Nigerian Electricity Regulatory Commission, NERC, received a delegation from the Nigerian Energy Support Programme, NESP, Read more…

NERC engages judicial officers at sixth NESI seminar  
The Nigerian Electricity Regulatory Commission, NERC, held the sixth seminar on the Nigerian Electricity Supply Industry, NESI, for judicial officers. Read more…

Fifth prosecution witnesses testifies from Nigeria in Diezani’s London alleged corruption trial 
The prosecution in the ongoing corruption related trial of former Petroleum Minister, Diezani Alison-Madueke before a Southwark Crown Court, Read more…

NNPCL to fuel Portland Gas as AKK opens first valve in Gwagwalada July 
The Nigerian National Petroleum Company Limited (NNPCL) on Thursday, expressed its preparedness to supply the Portland Gas Limited Mini LNG/LCNG Station in Gwagwalada, Read more… Read more…

Crude Oil Prices Climb Toward Seven-Month Peak as U.S.–Iran Diplomacy Collides with War Risk, Inventory Surge
Global oil prices hovered near seven-month highs on Wednesday as investors weighed the risk of military escalation in the Middle East against fresh signals of swelling U.S. crude inventories, Read more…

AEDC cuts losses by 10%, deploys 70,000 meters in 14 months
The Abuja Electricity Distribution Company has reduced its aggregate technical, commercial and collection losses from about 42 per cent to 32 per cent within one year. Read more…

Group seeks release of jailed Lagos tanker drivers
The Human Rights Monitoring Agenda has appealed to the Office of the Inspector General of Police and the Lagos State Commissioner of Police, Moshood Jimoh, Read more…

Industries lose 15% energy to weak maintenance – MAN
The Manufacturers Association of Nigeria has found that maintenance lapses account for between 10 and 15 per cent of energy waste in factories, Read more…

Seplat posts 144% revenue growth to $2.73bn
The revenue of Seplat Energy Plc for the 2025 financial year surged 144.2 per cent to $2.73bn (N4.14tn) compared to $1.12bn (N1.65tn) in 2024, reflecting what the company called a full year of contribution from its offshore assets. Read more… Read more…

NMDPRA data expose weak modular refinery contribution
Nigeria’s modular refineries supplied an average of 2.37 per cent of the country’s diesel demand over the three months spanning November 2025 to January 2026, Read more…

SEC urged to act amid TCN shareholders frustration
A group representing minority shareholders of the Tourist Company of Nigeria, the parent company of the Federal Palace Hotel, has appealed to the Securities and Exchange Commission Read more…

Power stakeholders seek accountability, shift to clean energy
Stakeholders in Nigeria’s electricity sector have renewed calls for coordinated reforms, stronger accountability and a structured transition to cleaner energy, Read more…

IBEDC Gets New Core Investors 
The Ibadan Electricity Distribution Company (IBEDC), has announced the reconstitution of its Board of Directors following the resignation of three nominees of the Asset Management Corporation of Nigeria (AMCON). Read more…

Contempt: Senate Threatens to Invoke Powers against Corporate Affairs Commission Boss, Signals Amendments to PIA
Senate on Thursday escalated its oversight offensive against key economic institutions, threatening to invoke its constitutional powers to remove Registrar-General of Corporate Affairs Commission (CAC), Read more…

OPEC+ Considers Oil Output Raise By 137,000bpd For April
The Organisation of Petroleum Exporting Countries and its allies referred to as OPEC+ is likely to consider raising its oil output by 137,000 barrels per day for April, Read more…

Spiro’s AfreximBank $50m Fund Deal To Advance Africa’s Electric Mobility Strategy
Africa’s electric mobility leader and battery swapping pioneer, Spiro, has raised of $50 million in debt funding from AfreximBank and two new investors Nithio and Africa Go Green Fund managed by Cygnum Capital. Read more…

India’s Solar Manufacturers Slapped With 126% U.S. Tariff
The U.S. Department of Commerce has imposed a 126% preliminary countervailing duty on Indian solar cells and modules, effectively closing off the lucrative U.S. market and exacerbating overcapacity issues for India’s burgeoning solar sector. Read more…

Britain Reconsiders 78% North Sea Oil Tax as Investment Slows
The UK may be quietly inching toward an awkward admission: the windfall tax experiment on oil and gas has been a flop. Read more…