Nigeria misses OPEC quota, produces 1.38m bpd in March
In its March 2026 Monthly Oil Market Report (MOMR), OPEC stated that the figures were based on data obtained through direct communication with Nigerian authorities.
Oil-producing states 13% derivative fund climbs N85 billion in February — NBS
The development comes following data from NBS, where it said the Federation Account Allocation Committee (FAAC), disbursed the sum of N2.07 trn to the three tiers of government in February 2024 from the total revenue generated in January 2024.
Transcorp Power Plc creates opportunities for investors, impact Nigeria’s economy
Despite efforts of the federal government and others to improve performance in the power sector, Nigeria’s power generation dropped by 14 per cent, month-on-month, MoM to 3,475 megawatts, MW in March 2024, from 4,043MW in February 2024, due to prolonged problems, especially limited funding, low investment, inadequate capacity to generate, transmit and distribute adequate and stable supply to consumers.
PPI: Bureaucracy, lack of co-operation, others scuttle delivery of 25,000MW — INVESTIGATION
BUREAUCRACY, lack of cooperation and other factors have been identified as reasons militating against the release or clearing of eight power transformers meant for Nigeria’s Presidential Power Initiative, PPI, at Apapa port in Lagos.
Production shut-ins down 70% to 2.22mb
Production shut-ins down 70% to 2.22mb
CSR: With STEP, Seplat Energy partners Governments to promote education in Nigeria
CSR: With STEP, Seplat Energy partners Governments to promote education in Nigeria
CNG: Why Nigeria must invest in filling stations — NBC Boss
CNG: Why Nigeria must invest in filling stations — NBC Boss
FOREIGN INVESTMENTS: Nigeria loses to other African countries in oil, gas
FOREIGN INVESTMENTS: Nigeria loses to other African countries in oil, gas
Oil Price: Bonny Light rise to $109.2 per barrel
Oil Price: Bonny Light rise to $109.2 per barrel
Power generation now 3,522.80 MW
Power generation now 3,522.80 MW
Energy Crisis: FG raises electricity tariff amid growing shortage
Federal Government Wednesday admitted that it increased electricity tariff in February after a minor review.
Energy crisis: GenCos blame N1.64trn debt for low power supply
As the energy crisis facing the country deepened at the weekend, power generation companies in Nigeria (GenCos) have attributed low electricity generation to the National Grid to the N1.644 trillion owed them by the Nigerian Bulk Electricity Trading Plc.
‘Amending Constitution for states to generate, transmit, distribute electricity, good for consumers’
THE Managing Director/CEO, New Hampshire Capital Limited, Mr. Odion Omonfoman, has described the decision of the National Assembly, to amend the Constitution, thus allowing states to generate, transmit and distribute electricity in areas covered by the National grid, as an excellent development, capable of improving power supply nationwide.
Seplat Energy set to acquire Mobil Producing assets in Nigeria
“Seplat Energy is fully committed to working with the Nigerian Government to bring these strategically important national assets fully into Nigerian ownership alongside NNPC..”
Breaking: ExxonMobil reaches agreement to sell interest in MPNU to Seplat Energy
The International Oil Company, IOC, stated that, “ExxonMobil has reached an agreement to sell its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy, a Nigerian independent oil and gas company, through its wholly-owned subsidiary Seplat Energy Offshore Limited.”
Breaking: At last, oil price hits $100 per barrel on Ukraine crisis
At last, the price of crude oil (Brent) has hit the roof at $100 per barrel in the international market, due mainly to the ongoing Ukraine crisis.
