Thick black smoke was seen billowing into the atmosphere, with a raging fire spreading fast into the mangrove from a video that emerged on Tuesday morning.
According to a statement by the association's executive Secretary, Mr. Olufemi Adewole, the reductions were often strategically timed when other importers had active cargoes at sea or in tank, creating price shocks that undermined competition and imposed financial strain on fellow market participants, including the refinery’s own domestic customers.
The Minister of Power, Adebayo Adelabu; former Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company Limited (NNPCL), Mele Kolo Kyari; Ekiti State...
Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, made the call at the “Energy Talk” session of the ongoing Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025) taking place in Abu Dhabi, United Arab Emirates (UAE), on Tuesday.
Delivering a keynote address at the 12th edition of the Nigeria Energy Exhibition in Lagos, Adelabu reaffirmed the Federal Government’s commitment to implementing the Act and deepening private sector participation in the power industry.
The anniversary celebration will reflect on the Commission’s remarkable journey — from its formative years and the early challenges of establishing a functional regulatory framework, through the unbundling and privatisation of the power sector, to its ongoing oversight of the Nigerian Electricity Market from the post-privatisation era through to the Transition Electricity Market phase.
As part of efforts to attract investments and boost oil production, the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer...
According to the statement, the new investor plans to acquire, for £7.9 million, 113,378,685 ordinary shares issued during Savannah’s March 2025 fundraising, and a further £9.5 million worth of 135,674,944 shares through a series of secondary market trades.
Africa’s Global Bank, United Bank for Africa (UBA) Plc demonstrated its commitment to fostering peace and stability across Africa with a landmark donation of...
