Nigeria Turns to Chinese Firms to Fix Loss-Making Refineries Shut for Years
Nigerian National Petroleum Company (NNPC) has signed a memorandum of understanding with two Chinese firms as it seeks to restart
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Energy
Geregu Power’s Q1 Profit Plunges 80% After Otedola’s Exit
Geregu Power, one of only two power generation companies listed on the Nigerian Exchange, reported a 79.87 percent decline in
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Tinubu Splits Energy Advisory Role, Hires Ex-Power Minister Babalola, Moves Verheijen to Oil and Gas
President Bola Tinubu has split the energy advisory portfolio in the presidency, appointing former power minister Rilwan Lanre Babalola as
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PROFILE: Joseph Tegbe, Ex-KPMG Chief Who Lost Governorship and Senate Bids, Tapped as Power Minister
President Bola Tinubu has nominated Joseph Tegbe as minister of power, pending Senate confirmation. Tegbe’s selection follows the resignation of
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Seplat Spends $83m to Revive 58 Idle Wells from Former ExxonMobil Assets
Seplat Energy, the Nigerian independent listed in Lagos and London, says $83 million was spent to revive 58 idle wells
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Seplat Declares Special Q1 Dividend, Begins Five-Year $1bn Payout Plan
Seplat Energy has approved a dividend of 9.0 US cents per share for the first quarter of 2026, made up
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TotalEnergies Marketing Nigeria Swings to Net Profit in First Quarter
TotalEnergies Marketing Nigeria, a Lagos-listed fuel retailer, posted a profit after tax of N1.17 billion for the first quarter of
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Oil Veteran Sacked Four Months After Sacrificing Seplat Board Seat for Tinubu’s Job
President Bola Tinubu has approved the removal of Saidu Aliyu Mohammed as Authority Chief Executive of the Nigerian Midstream and
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Meet Rabiu Umar, Dangote Cement Executive Tapped by Tinubu as Fuels Market Watchdog
President Bola Tinubu has approved the removal of the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority
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NNPC Refineries Need to be Revived to Avoid ‘Monopolistic Dominance’ — Fuel Marketers
Following the recent leadership transition within the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), the Petroleum Products Retail
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