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.
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.
