16 power plants in Nigeria saw an increase in their output on Sunday, crashing the number of idle plants in Africa’s most populous nation to nine and surging the generation by 979.2 megawatts to 4,312.1 megawatts. Nigeria has an estimated population of 200 million. As at 6am on Saturday, powerRead More

The Senate yesterday resolved to debate the report of the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) presented to it at plenary.   This is just as the Petroleum Industry Bill (PIB) sent to the National Assembly last Tuesday by President Muhammadu Buhari passed through first readingRead More

Nigeria Labour Congress and the Trade Union Congress have suspended the strike earlier scheduled to commence today (Monday). The latest development followed an agreement organised labour reached with the Federal Government at a meeting held on Sunday night into the early hours of today. The strike was suspended after theRead More

Indegenous oil and gas firm, Seplat said it had activated an emergency investigative team to the Okpe and Sapele Delta state. In a statement, the firm said it recently received a complaint from five households at Okpe and Sapele in Delta State, indicating the presence of hydrocarbons in their respectiveRead More

In celebration of the United Nations, UN 75th anniversary, Oando PLC is joining over 1,250 business leaders from more than 100 countries, to pledge support for the inclusive multilateralism statement for Renewed Global Cooperation.   Oando as the only indigenous Nigerian oil and gas company alongside other signatories to theRead More

Abuja — Senior Special Assistant to the President on Niger Delta Affairs, Senator Ita Enang, Wednesday, accused state governors of misapplying the 13 per cent Derivation fund to the detriment of oil and gas producing communities and the development of the Niger Delta.   Enang stated that as a resultRead More

Nigeria’s oil industry regulator, the Department of Petroleum Resources (DPR), has declared that it remitted $1.03billion to Federation Account from oil and gas royalties and legacy debts.   The DPR, which said this in a statement made available to Platforms Africa, quoted its Director, Sarki Auwalu, to have said thatRead More

The federal government has assured private investors in the National Gas Expansion Programme, NGEP of sanctity of contract, saying it would not “change game midway”.   While speaking on NTA’s ‘Good Morning Nigeria’ on Tuesday, Engr. Justice O. Derefaka, Technical Adviser on Gas Business & Policy Implementation to the MinisterRead More

  Shell-funded impact investment company All On is pleased to announce a $1.5m investment in Auxano Solar Nigeria Limited to scale its operations over the next five years. “This investment would guarantee the expansion of Auxano’s solar panel assembly capacity by over 50 percent and is a great win forRead More

    A consortium of Civil Society Organizations (CSOs) has asked the federal government to entrench the deregulation drive of the downstream sector of the petroleum industry by enacting an appropriate legislation or embedding it as part of the Petroleum Industry Bill (PIB) expected to be submitted to the NationalRead More