Energy/ Oil and Gas

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• Reaffirm Commitment To Healthy Competition Towards National Prosperity

By Celestine Okafor (Editor-in-chief)

As part of ongoing efforts to promote mutually beneficial partnerships and foster healthy competition, the Nigerian National Petroleum Company Limited (NNPC Ltd.) and Dangote Petroleum Refinery & Petrochemicals (DPRP) have pledged to deepen collaboration aimed at ensuring Nigeria’s energy security and advancing shared prosperity for Nigerians.

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‎On Monday, petroleum product marketers expressed their grievances over financial losses following the Nigerian National Petroleum Company Limited's decision to reduce the price of Premium Motor Spirit (petrol) to N880 per litre in Lagos and N935 in Abuja.

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By Boma Benson (Energy Correspondent)

The Aba Ringfence comprising nine of the 17 local government areas (LGAs) in Abia State received normal electricity today rather than the planned reduction quantum arising from the repair of cuts on the oil pipeline that support gas operations, caused last weekend by vandals seeking crude oil and petroleum products from the Trans Niger Pipeline (TNP) traversing Imo and Rivers states.

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By Boma Benson (Energy Correspondent)

Aba Power, Nigeria’s newest electricity distribution company (DisCo), has since the middle of January embarked on an aggressive provision of prepaid meters to customers as part of its strategic plan to be the first power firm in Nigeria to provide all customers with prepaid meters in the next 15 months.

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By Boma Benson (Energy Correspondent)

Aba Power still has far the lowest tariff of all 12 electricity distribution companies in the country despite the Nigeria Electricity Regulatory Commission (NERC) 's January 1, 2025, approval for a 50 percent upward review with immediate effect.

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By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

The Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it had eliminated middlemen from the oil and gas industry value chain and contributed to shortening the oil industry contracting cycle to six months, courtesy of the three Presidential Directives on Local Content operations issued by President Bola Tinubu in March 2024.

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