In compliance with the amended constitution of the Federal Republic of Nigeria and the Electricity Act 2023 (Amended), the Nigerian Electricity Regulatory Commission has issued an order to transfer regulatory oversight of the electricity market in Plateau State to the Plateau State Electricity Regulatory Commission. Recall that with the EA 2023, the commission retains the […]
NERC transfers electricity market to Plateau Read More »
Renaissance Africa Energy Holdings says it has successfully completed the landmark transaction between itself and Shell for the acquisition of the entire equity holding in the Shell Petroleum Development Company of Nigeria. This follows the signing of a sale and purchase agreement with Shell in January 2024 and obtaining all regulatory approvals required for the
Renaissance completes acquisition of Shell onshore asset Read More »
The Dangote oil refinery will lose up to N32.5bn from 500 million litres stock of premium motor spirit following the recent price cut, The PUNCH reports. A few days before the refinery announced a price slash, the President of the Dangote Group, Alhaji Aliko Dangote, had told newsmen that the refinery had over 500 million
Dangote refinery loses N32bn after petrol price cut Read More »
The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, says local refineries will help in reducing the prices of refined petroleum products as well as the country’s dependence on imported fuel. Lokpobiri highlighted the importance of the downstream value chain of the petroleum industry to Nigeria and the commitment of the Federal Government to optimising
Local refineries will reduce fuel price, importation Read More »
