Industry News

Industry News2026-03-06T16:43:04+01:00

Our industry news page curates and displays headlines along with brief descriptions of the latest developments in the oil, gas, and energy industry in Nigeria. The content is sourced from various media outlets across the country, offering a comprehensive overview of the sector’s current events and trends.

March 06, 2026

Tinubu restores hope in oil sector, resolves historic OPL 245 dispute, unlocks major deepwater investment
President Bola Tinubu announced today the successful conclusion of a historic settlement agreement between the Federal Government of Nigeria, ENI, Read more… Read more…

Jubilation in Anambra as State regains oil wells from Delta, expects increment in derivation revenue
The Anambra Government says it has recovered a substantial number of oil wells belonging to the state which were previously attributed to Delta State. Read more…

African Local Content Association Constitutes Continental Governance at First General Assembly
The African Local Content Association (ALCA) has officially established its continental governance structure, marking a significant milestone in its journey to promote local content development across Africa. Read more…

With Global Refineries Down, Dangote Refinery Becomes Nigeria’s Energy Lifeline
Dangote Petroleum Refinery & Petrochemicals reassures Nigerians of its unwavering commitment to serving as a stabilizing force amid recent shocks in the international oil market. Read more… Read more…

Nigeria Needs $23bn to Close Electricity Gap as REA Identifies 143,000 Underserved Communities
Nigeria will require an estimated $23 billion to bridge electricity access gaps across the country’s underserved and unserved communities, the Rural Electrification Agency (REA) has revealed, Read more…

Adetunji Oyebanji to Retire as 11 Plc CEO After 45 Years in Oil and Gas Industry
The Managing Director and Chief Executive Officer of 11 Plc, Adetunji Oyebanji, will retire on March 31, 2026, bringing to a close a distinguished 45-year career in Nigeria’s oil and gas industry. Read more… Read more…

TCN restores bulk power to S’East, S’South after emergency transmission repair
The Transmission Company of Nigeria, TCN, has restored bulk electricity supply to the Owerri 132kV Transmission Substation after completing emergency maintenance work Read more…

EFCC, Navy strengthen alliance to prosecute oil theft, financial crimes
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has reaffirmed the Commission’s commitment to deeper collaboration with security agencies in tackling corruption, Read more…

‘Nigeria’s Dangote oil refinery issues tenders to sell gasoil and jet fuel’
Nigeria’s Dangote oil refinery ​has issued tenders ‌to sell gasoil and jet fuel in March, ​a trade source ​said, citing a tender ⁠document summary. Read more…

Residents seek govt’s help in gas plant operations
Resident of Lonex Gardens Estate, Isheri North, in Ogun State, have called on relevant authorities to intervene in the operation of a gas plant in the estate. Read more…

Abbas: Climate inaction could cost Nigeria $460 billion
The Speaker, House of Representatives, Abbas Tajudeen said yesterday warned that climate inaction could cost Nigeria up to 30 per cent of its Gross Domestic Product by 2050 equivalent to about $460 billion. Read more…

Delta, Transcorp in talks to boost supply
Worried by the dwindling supply of electricity to many Delta homes and businesses, the state government on Wednesday met with the management of Transcorp Power Limited PLCRead more…

Oil price hits$85 as Iran,U.S., Israel conflict escalates
Oil prices settled up around five per cent yesterday, extending a rally as the escalating U.S.-Israeli war with Iran disrupted supplies and shipping, driving some major producers in the Middle East to reduce output. Read more…

Gas constraints reduce electricity generation by 292 Mw
Owing to gas constraints in the Nigerian Electricity Supply Industry (NESI) generation has dipped by 292megawatts (Mw), according to the Nigerian Independent System Operator (NISO). Read more…

Aviation expert pledges commitment to industry growth
A Nigerian aviation and environmental educationist, Dr. Onifade Eedris, has pledged to deepen his commitment to the growth and development of Africa’s aviation industry Read more…

Senate summons Kyari, Ajia, Wunti over unaccounted N210tr in NNPCL’s accounts
The Senate has summoned the immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, alongside the former Chief Financial Officer, Read more… Read more…

How DisCos should tackle energy theft, by NERC
The Nigerian Electricity Regulatory Commission (NERC) has directed Electricity Distribution Companies to adopt a comprehensive Standard Operating Procedure to detect meter bypass, Read more…

Ondo govt vows to defend ownership of Eba Oil Well
Ondo State Government has reiterated that the disputed Eba Island belongs to the state, declaring that it will firmly defend its “territorial integrity” against any competing claims. Read more…

NAF steps up protection of oil assets in Niger Delta region
The Chief of Air Staff (CAS) has reaffirmed the Nigerian Air Force’s commitment to safeguarding Nigeria’s vital oil and gas assets across the Niger Delta region. Read more…

REA vows to install solar in NJI from N100b solarization initiative
The Rural Electrification Agency (REA) yesterday vowed to energize the National Judicial Institute (NJI) from the N100 billion Solarization Initiative. Read more…

‘Finance, technology key to unlocking Nigeria’s gas potential’
The Managing Director of Zamam Offshore Services Limited, Mr. Oluwole Asalu, has called for stronger financing frameworks, deliberate infrastructure investment, Read more…

‘Middle East crisis may raise Nigeria oil earnings, inflation’
Nigeria’s financial markets may face a mixed outlook if tensions in the Middle East escalate into a wider conflict, according to recent macroeconomic analyses by investment firms, Read more…

Gas supply crisis cuts power generation to 3,940MW
Nigeria’s electricity generation has dropped further below the 4,000-megawatt threshold following persistent gas supply shortages affecting thermal power plants across the country, Read more…

FG rolls out $750m mini-grid solar power initiative
The Federal Government is implementing what has been described as the largest publicly funded renewable electricity programme in the world, aimed at expanding power access through mini-grids, Read more…

Nigeria reaffirms commitment to peaceful use of nuclear energy
Nigeria has reaffirmed its commitment to the peaceful use of nuclear energy and the application of nuclear technology to support national development. Read more…

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