Energy Summaries August 2025 Edition

Filtering the noise to deliver important energy sector updates

REA's $1.6bn mini-grid fund to accelerate clean energy access for rural communities

Energy Summaries is not a newspaper or tabloid, but a major voluntary communication projectofFleissen&Company,whichisdedicatedtoharnessinganddisseminatingvital informationaboutmajordevelopmentswithintheenergyindustryonamonthlybasis.

This periodic compilation is purely for information and knowledge purposes, and its contentshouldnotinanywaybemistakenforfinancial,investmentortransactionadvice.

Professional guidance and expert views MUST always be sought when commercial decisionsorbusinesschoicesaretobemade.

Fleissen & Company is a leading energy infrastructure advisory firm that delivers integrated technical and strategic solutions across the oil and gas, power, and broader energy sectors.The firm combines deep engineering expertise with regulatoryinsighttosupportclientsinaddressingcomplexoperationalchallenges,enhancingsustainability,andunlocking valueacrosstheenergyvaluechain.

Fleissenspecialisesinhydrocarbonmeasurement,gasutilisation,emissionsaccounting,andpetrochemicaldownstream opportunity assessments. The company is pivotal in advancing Nigeria’s energy transition by supporting flare gas commercialisation,compressednaturalgas(CNG)adoption,andgreenhousegas(GHG)reductioninitiatives.

Inadditiontoitstechnicaladvisorywork,Fleissen&Companyhastwodedicatedsubsidiaries:FleissenEventsLtd,which leads its industry convenings, and Fleissen Energy Ltd, which focuses on project development and energy solutions. ThroughFleissenEventsLtd,thefirmisarecognisedconvenerofhigh-impactindustrydialogues,includingtheNigeria Hydrocarbon Measurement Conference (NiHMEC) and the Gas Safety Conference (GSC), which bring together regulators,operators,andglobalexpertstodriveinnovation,policyalignment,andoperationalexcellenceintheenergy sector

THETEAM

Nigerias

EXECUTIVEBRIEF

The July 2025 Energy Summaries present a significant inflexion point in Nigeria’s journey toward energy security, low-carbon development, and regional leadership. With over $16 billion in upstream investments, rapid expansion in refining and clean energy access, and robust institutional reforms, Nigeria is actively reshaping its energy landscape. This edition documents the most impactful developments across the petroleum, gas, electricity, and renewablessectors.

KeyStrategicDevelopments

1. Refining&Petrochemicals

• Dangote Refinery announced an upgrade to reach 700,000 bpd capacity, exported 1 milliontonnesofPMS,andwillhaltforeigncrudepurchasesbyDecember2025.Plans forsharelistingandamega-seaportinOgunStatesignalbroaderambitions.

• BackboneInfrastructureNigeriaLimited(BINL)toinvest$15billioninanew500,000 bpdrefineryandFTZinOndoState,furtheringNigeria’spathtoself-sufficiency.

2. GasExpansion&CleanEnergy

• NNPC signed a $3 5 billion MoU with Akwa Ibom and GACN to drive gas industrialization.

• Presidential CNG Initiative (PCNGi) attracted $980 million in CNG investments, creatingover100,000jobs,deploying100,000CNGvehiclesand4,000trucks.

• NGML signed a 44MMscf/d gas supply deal; AKK pipeline works continue with acceleratedcontractormobilization.

3. ElectricitySectorTransformation

• Powergenerationaveraged4,336MWinQ12025,thehighestinoverayear;DisCos achieveda95.86%remittancerate.

• Osun and Enugu States operationalized independent electricity laws; the UNDP projectedareversalof$29billionannualGDPlossesifreformmomentumissustained.

• Nigeria’s Super Grid Plan, backed by an $18.2 billion loan, and NDPHC's commercialization of 200MW stranded power set the stage for system-wide improvements.

4. RenewableEnergy&ElectrificationAccess

• REA secured $1.6 billion in finance for off-grid energy and commissioned 15 solar mini-gridsinthreestates.

• Oando progressed on its 1.2GW solar assembly plant; Qoray and TotalEnergies launchedEVsupportinfrastructure.

5. UpstreamOilDevelopments

• Nigeria secured over $16 billion in upstream investments. Shell paid $1.2 billion in royaltiesandincreaseditsstakeinBongaNorth.

• Seplatrevived29idlewells,raisingproductionto134,000boepd;FIRSTE&Pentered aJVtoexploreTanzania’sMnaziBayNorthBlock.

• Nigeria exceeded its 1.5 mbpd OPEC quota in June, with production averaging 1.7 mbpdincludingcondensates.

• NUPRC confirmed remittance of ₦154 billion and $149 million to 102 Host CommunityDevelopmentTrusts(HCDTs).

• HostComply, a digital compliance portal, is under development to enhance fund transparencyandprojectoversight.

7. Investment&TradeDynamics

• Nigeria exported $1.34 billion in crude oil to the U.S. in 5 months, maintaining top Africansupplierstatusdespitelowervolumes.

• U.S. became a net exporter of crude to Nigeria due to Dangote’s import needs—a temporaryreversaloftradeflow.

• S&PandNigerialaunchedaWestAfricanfuelpricingindex,supportingtransparency andregionaltradinggoals.

8. Policy,Regulation&InstitutionalNews

• The Senate passed the Bitumen Development Commission Bill, unlocking access to Nigeria’s42billiontonnesofreserves.

• 36 states opposed the Electricity Act Amendment Bill, citing its impact on already devolvedelectricitymarkets.

• NADDCissuednationalstandardsforgas-poweredandelectricvehiclemaintenance.

• NEMSAand NISO commenced joint efforts to enhance metering accuracy and grid safety.

• Federalgovernmentandtheprivatesectorpushedforstrongersafetymeasurestocurb gasexplosionsthroughtheGasSafetyConference.

9. PrivateSectorLeadership

• Rainoil commissioned 10 new LPG outlets; Dangote moved to reduce cooking gas pricesandmayselldirectlytoconsumers.

• APMTerminalsandLASWAadoptedCNGandsolartechnologiestodecarbonizeport andferryoperations.

• Instollar’s InstallHER and All On’s tech investments are catalyzing women empowermentandsmartenergymonitoring.

Nigeria’s energy sector in July 2025 presents a mosaic of industrial capacity growth, gas market acceleration, local content expansion, and international investor attention. However, risks related to inflationary fuel pricing, subsidy transitions, and market structure remain. Strategic follow-through on reforms, transparency in HCDTfunding, and delivery of power infrastructurearecriticaltosustainingmomentum.

FGtargetsdistributionof 5millionLPG

cylindersby2030

TheMinisterofStatefor PetroleumResources(Gas), EkperikpeEkpo,has flaggedofftheNorth-West zonegrassrootsLiquefied PetroleumGas(LPG) penetrationprogrammeand cylinderdistribution initiativeinSokotoState.

Theprogramme,which aimstopromotetheuseof cleancookinggasacrossthe country,targetsafivemillionLiquefiedPetroleum Gas(LPG)cylinder penetrationby2030.

Theprogramme,hesaid, hasalreadybeenlaunched intheSouth-West,SouthSouth,andNorth-East Zones,followingits successfullaunchinAbuja inMay2024.

Ekpoannouncedthatthe federalgovernmenthad reviseditstargetupwardsto distributefivemillionLPG cylindersby2030,withan averageofonemillion householdsbeingconverted

perannumoverthenext fiveyears.Theminister explainedthattheinitiative isdesignedtohavea multifacetedimpact, “protectingthehealthofour womenandchildrenby reducingindoorair pollution,whilecreating jobsandlivelihoodsalong theLPGvaluechain.”

Accordingtohim,itwill alsostrengthenlocal enterprisesthroughsupport forNigerianmanufacturers anddistributors,and preservetheenvironment bycurbingdeforestation andreducinggreenhouse gasemissions.

(ThisDay, July 1, 2025)

Twofirmspartnerstodeliverclean energyto600millionAfricans

GenesisEnergyHolding,a Pan-Africancleanenergy infrastructuredevelopment company,andDesert Technologieshavesigneda strategiccollaboration agreementaimedat acceleratingcleanenergy accessinNigeriaandother partsoftheAfrican continent.Theirtargetisto reachover600million peoplelackingelectricity accessacrossthecontinent.

Theagreementsignedatthe 27thAfricaEnergyForum buildsonaMemorandumof Understanding(MoU) establishedbetweenboth companiesearlierinthe yearinDubai,executedby Deserttechnologieschief executiveofficer,Khaled Sharbatly,andGenesis chairman,Akinwole OmoboriowoII.

Inastatementjointlyissued inJeddah,SaudiArabia,

RenaissanceunveilscorporatebrandatNOG2025

Currentoperatorofonshore assetsofthedefunctShell PetroleumDevelopment CompanyNigeria(SPDC), RenaissanceAfricaEnergy CompanyLimited,recently unveileditscorporatebrand atthe2025NigeriaOiland Gas(NOG)EnergyWeek, whichtookplaceinAbuja fromJune28toJuly2nd.

Thecompanysaidina

statementthattheunveiling markedadefiningmoment forRenaissance,which emergedinMarch2025as theoperatoroftheSPDC JointVenture,followingthe $2.4billionacquisitionby RenaissanceAfricaEnergy HoldingsLimited,a consortiumofleading Nigerianindependents:ND Western,AradelEnergy,

FirstE&P,Waltersmith Petroleum,andinternational partner,PetrolinTrading Limited.

Speakingaheadofthebrand launch,themanaging directorandchiefexecutive officerofRenaissance,Tony Attah,said,“Renaissanceis morethananame,itisa bolddeclarationofintent.It

andLondon,theUnited Kingdom,theMOUlaidthe foundationfor“this strategicpartnership, focusedonthejoint developmentand deploymentofcleanenergy solutionsacrossAfrica, whichwillalsoinclude strategicfinancingunderthe partnership.”

Thesigningceremonyat AEFunderscoredboth companies'commitmentto forginghigh-impact partnershipsthatalignwith Africa'selectrificationgoals andglobalsustainability priorities.

(ThisDay, July 1, 2025)

representsaneweraof Nigerian-ledenergy leadership,builton excellence,sustainability, andadeepcommitmentto nationaldevelopment.”

(ThisDay, July 1, 2025)

Instollarempowerswomen solartechniciansinNigeria

Inaboldsteptoward buildingamoreinclusive greeneconomy, Instollar Technologieshaslaunched thesecondcohortofits groundbreakingInstallHER Initiative-acleanenergy trainingandempowerment programmedesignedto bringmorewomeninto Africa'sfast-growingsolar industry

Withsupportfromthe AcumenAngelsGrant, InstallHERiscurrently training100womenacross Nigeriatobecomecertified solartechnicians,

entrepreneurs,andagentsof changeintheir communities.

Theprogramme,according tothecompany,aimsto reach10,000womenby 2030,makingitoneofthe mostambitiousfemalefocusedcleanenergy initiativesintheregion.

(ThisDay, July 1, 2025)

NNPCgetsN6-trillionrevenue inonemonth

TheNigerianNational PetroleumCompany (NNPC)Limitedhassaidit generatedatotalrevenueof N6.008trillioninMay 2025,markingamarginal increasefromtheN5.972 trillionpostedinApril,even ascrudeoilandcondensate productionalsoshowed slightimprovementduring themonth.

Accordingtothelatest MonthlyReportSummary

releasedbythecompany, profitaftertaxroseby14 percenttoN1.054trillion inMay,upfromN926 billioninApril.

Crudeoilandcondensate productionclimbedto1.63 millionbarrelsperdayin Mayfrom1.61mbpdin April,maintainingasteady recoverytrend.The productionpeakforthe monthreached1.72million barrelsperday(mbpd).A

OilfirmsremitN57bntohost communitiesinoneyear

Oilandgascompanies operatinginNigeria remittedatotalofN57.07 billiontoHostCommunity DevelopmentTrustsin 2024,theNigerian UpstreamPetroleum RegulatoryCommission (NUPRC)hassaid.

AreportbyNUPRCstated thattheamountunder reviewrepresentsthreeper centoftheactualannual expenditureoftheoilfirms fortheprecedingyear,in linewithprovisionsofthe PetroleumIndustryAct (PIA).

Thereportfurthersaidthat thetotalcontributionsmade sofartotheHost CommunityDevelopment TrustscometoN65.15 billion,ifaddedtothe N8.45billionremittedin 2023.NUPRCalso

explainedthatatotalof207 applicationsforHost CommunityDevelopment Trustswerereceived,of which154Trustswere approvedand136were successfullyregisteredwith theCorporateAffairs Commission(CAC).

Onprojectmanagement,the reportdisclosedthat32 fundmanagerswere approvedtooverseefund disbursement,andthat187 projectswereongoing acrossthevariousTrusts.

Italsohighlightedthatthe developmentand integrationoftheNUPRC's digitalportal,HostComply, wasongoingtosupport compliancetracking,fund allocation,reporting,and disputeresolution.

(Punch, July 1, 2025)

breakdownshowsthat crudeoiloutputheldflatat 1.35mbpd,while condensatevolumes recoveredslightlyto 0.28mbpdinMayfrom 0.26mbpdinApril.

Similarly,gasproduction roseslightlyto7.354billion standardcubicfeetperday, upfrom7.352billion scfd thepreviousmonth.Gas sales,however,dipped marginallyfrom4.240 billionscfdinAprilto 4.185bnscfdinMay.On

thesalesside,crudeoiland condensatesalesimproved significantly,jumpingto 24.77millionbarrelsin Mayfrom22.16million barrelsinApril.This markedthehighestsales volumesinceFebruary.

(Punch, July 1, 2025)

NCC,REAtopower telecomsoperationswith renewableenergy

TheNigerian Communications Commission(NCC)andthe RuralElectrification Agencyhaveofficially launchedtheNCC-REA collaborationcommitteeto boostNigeria'sdigitaland energyinclusiongoals.

AccordingtoNCC'sacting headofpublicaffairs, NnennaUkoha,this collaborationwillfocuson deployingrenewableenergy solutionstosupporttelecom infrastructure,particularly inruralandunderserved areas.Theinauguration ceremonyattheNCC headquartersinAbujawas presidedoverbythe executivevicechairman andchiefexecutiveofficer ofNCC,Dr.AminuMaida.

Maidawasjoinedbythe managingdirectorofthe

REA,AbbaAliyu,along withseniorexecutivesand committeemembersfrom bothorganizations.He describedthecollaboration asatimelyandstrategic alignmentofnational prioritiesandalsonotedthat bridgingtheconnectivity andpowergapsinrural areasremainscriticalfor Nigeria'sgrowthand development.

TheNCCbosshighlighted thatthedemandfordigital servicesandconnected communitiescreatesan opportunityforrenewable energytoplayacrucial role,explainingfurtherthat thepartnershipgoesbeyond infrastructureandisaimed atdrivinginclusion, reducinginequalities,and fosteringsharedprosperity

(Punch, July 2, 2025)

Senatepassesbitumen developmentcommissionbill

Aftertwoyearsof legislativedeliberations,the senatehasfinallypassedthe

billseekingtoestablishthe BitumenDevelopment Commission.

Nigeria'soilsectorreceived $16bninvestmentsintwoyears

Nigeria'supstreamoiland gassectorisluring investors,withmorethan $16billionininvestment commitmentssecuredin justtwoyears,saysthe NigerianUpstream PetroleumRegulatory Commission(NUPRC).

Thisachievementcomeson thebackoffar-reaching reformsandboldpolicy movesdesignedto repositionthesectorfor energysecurity, sustainability,andeconomic resilience.

Speakingrecentlyatthe 24thNigerianOil&Gas EnergyWeekinAbuja,

GbengaKomolafe,whois thechiefexecutiveof NUPRC,statedthatNigeria isenteringaneweraof upstreaminvestment, anchoredonpolicy certainty,operational efficiency,andanambitious productionexpansion agenda.

(BusinessDay, July 2, 2025)

Thebill,sponsoredby SenatorJimohIbrahim (APC,OndoSouth)scaled thirdreading,followingthe presentationandadoption ofthereportbythesenate committeeonsolidminerals development.

Presentingthereport, SenatorDiketPlang(APC, PlateauCentral),amember ofthecommittee,saidthe proposedcommission wouldserveasaregulatory bodyfortheexploration, exploitation,andproduction ofNigeria'sbitumen resources,estimatedat42 billiontonnes,thesecond largestdepositintheworld. Plangnotedthatthe committeeheldapublic hearingonthebill,during

whichcriticalstakeholders overwhelminglybackedthe establishmentofthe commission.

Inhisremarks,Godswill Akpabio,thesenate president,commended Ibrahimandthecommittee fortheirefforts,describing thebillasadevelopmentdriveninitiativethatwould helpharnessNigeria'svast solidmineralwealth.

(BusinessDay,July2,2025)

NLNGmakescasefor technologydomesticationas Train7nearscompletion

Thedeputymanaging directorofNLNG,Mr OlakunleOsobu,hasmade astrongcaseforthe domesticationoftechnology intheoilandgasindustry astheconstructionofTrain 7nearscompletion.

Theprojectaimstoexpand thecompany'sproduction capacityby35%to30 milliontonnesperannum (mtpa),downfrom22mtpa.

NLNG'sTrain7,whichwas sanctionedonDecember27, 2019,withtheEngineering, Procurement,and Construction(EPC)contract awardedtotheSCDJV Consortium,isexpectedto positionNigeriaasatoptiersupplierofLNG, leveragingitsvastproven gasreservesof202trillion cubicfeet.Speakingatthe justconcluded2025NOG EnergyWeek'sStrategic PanelSessionon “TechnologyasaLocal ContentImperative:From Adoptionto

Domestication,”Osobu emphasizedtheimportance ofdomesticatingtechnology intheoilandgasindustry

HenotedthatNigeriahas successfullybuiltTrains1-6 withsignificant participationfromNigerian contractorsandhighlighted theneedtolocalize technology,addingthatoil andgastechnologyistoo importanttobepropagated inforeignlanguageswhen Nigerianlanguagesremain untapped.Hecited examplesofcountrieslike Russia,China,andFrance thathavesuccessfullyused theirindigenouslanguages todeveloptheir technologies.

(Vanguard, July 2, 2025)

Oil

producersgetboostasNNPC clearslegacydebts

Thechiefexecutiveofficer ofSeplatEnergyPlc,Roger Brown,hassaidthe NigerianNational PetroleumCompany Limitedhasclearedits legacydebtsandnow operateswithimproved financialalignmentand discipline,adevelopment hedescribedas“agame changer”forindigenousoil producers. Speakingduringahigh-

Shellpays$1.2bnroyalties toNigeriainoneyear

ShellCompaniesinNigeria (SCiN)hasmadea combinedpaymentof$1.2 billioninroyaltiesto Nigeriangovernmentin 2024,ChidiNkazi,asenior businesseconomistatthe companyhasrevealed.

Nkazi,whoisalsoa businessvaluemanagerfor Shell,saidthatShell NigeriaExplorationand ProductionCompany Limited(SNEPCo)and ShellNigeriaGas(SNG) collectivelypaid$1.208 billionincombined royaltiestotheNigerian governmentlastyear

Accordingtohim,Shellis alsoinvestinginNigeria's futurewiththeFinal InvestmentDecisiononthe

$5billionBongaNorth deep-waterproject. SNEPCoisincreasingits interestintheOilMining Lease(OML)118,which includestheBongafield, from55percentto67.5 percent,throughthe acquisitionofthe12.5 percentstakeof TotalEnergies.

(BusinessDay, July 2, 2025)

poweredpanelsessiontitled “HarnessingAfrica'sEnergy Shift-FromAcquisitionto Optimization”atthe recentlyconcluded2025 NigerianOilandGas conferenceinAbuja,Brown praisedNNPCforits renewedfocuson operationalefficiencyand partnership.

Accordingtohim,NNPC hassincetransformedits paymentandcashflow structure,creatingroomfor smootherpartnershipswith independentproducers.

(Punch, July 3, 2025)

FGadds37crudeevacuation routesasoilrigsincreaseto44 NASENIto

TheFederalGovernment hasapproved37newcrude oilevacuationroutesacross thecountryaspartof reformstobolster productionandcurbtheft.

Thiswasmadeknownby thechiefexecutiveof NigerianUpstream PetroleumRegulatory Commission(NUPRC), GbengaKomolafe,who alsosaidthatthenumberof

crudeoilrigshasincreased fromeightin2020to44 currently

Komolafeaddedthatthe newevacuationrouteswere partofabroaderstrategyto restoreassetintegrity, ensuresecuretransportation ofcrude,andsupportthe ongoingProjectOne MillionBarrelsinitiative.

(Punch, July 3, 2025)

commenceconstruction offactoriesforrenewables

TheNationalAgencyfor ScienceandEngineering Infrastructure(NASENI) hashintedatplansto commencetheconstruction offactoriesthatwill producerenewableenergy materialssuchasbatteries, panels,aswellaselectric vehicles.

Theexecutivevice chairmanofNASENI, KhalilHalilu,madethe disclosureatajointpress conferenceatthe TechnologyVillage(ATV) recentlyinAbuja.

Hiswords:“Wearegoing tostartworkbynextweek, andinsixmonths,we'll comebacktoseehowfar theworkhasgone.Wecan transformfromaresearch anddevelopmentagencyto anagencythatdoes productionsothatwedon't keepourresearchand developmentontheshelves asprototypes,butweensure

NNPC/FirstE&PJVhits10million man-hourswithoutincident

TheNigerianNational PetroleumCompany (NNPC)Ltd/FIRST ExplorationandPetroleum DevelopmentCompany JointVenturehasachieveda significantsafetymilestone, marking10millionlost timeincident-freemanhoursacrossitsoperations onPML53andPML54. AstatementfromtheJV

statedthatthemilestone wascelebratedwitha dinnerandaward presentationceremonyin Lagosrecently,attendedby industryleaders, stakeholders,andpartners.

Ministerofstatefor petroleumresources(oil), SenatorHeineken Lokpobiri,commendedthe (Punch, July 5, 2025)

leadershipandstaffof FIRSTE&Pfortheir exemplarysafetyrecordand contributionstoNigeria's energysector.Healso praisedFIRSTE&P's managingdirector,Ademola Adeyemi-Bero,forbeingan excellentambassadorof NigeriaandAfricainhis roleaschairmanofthe OPECboardofgovernors.

thattheyhavebeen transformedintosomething usableforthecountryasa whole.”

“Today,wearehereatthe AbujaTechnologyVillage, wherewefulfillour commitmenttobeoneof thetenantstoestablish manufacturingoutfitsfrom renewabletosomanyother products.

“Wewillalsoattractother partnershipstothis beautifulplaceandwehope foramuchbrighterfuture wherewecancreatealotof jobsforthecountry.”

(ThisDay, July 4, 2025)

NCCpushessolaradoptionto easetelecoms'energycost

TheNigerian Communications Commission(NCC)is intensifyingeffortsto promotetheuseof renewableenergy, especiallysolar,inthe country'stelecomssector, aimingtoreduceoperators' relianceondieselandlower costs.

Industryexpertsestimate thattelecomoperatorsuse atleast40millionlitersof dieseleachmonthto maintainthecountry's communicationsbackbone. Thisamountstomorethan $350million(N534.16 billion)annuallyindiesel expenses,accordingtothe StateofAfrica's InfrastructureReport2025 bytheAfricaFinance

Nigeria'snationalgrid generateslessthan5,000 MWdespiteenergy demandsofnearly200,000 MW,forcingcitizensand companiestorelyon alternativeenergysources likedieselandpetrolpoweredgenerators. Corporation.

(BusinessDay, July 6, 2025)

NNPCachieves100%crudeoil pipelineavailabilityinJune

Inaremarkableturnaround, theNigerianNational PetroleumCompany (NNPC)Limitedhas declared100%crudeoil pipelineavailabilityfor June2025,amilestoneonce unimaginableattheheight oframpantsabotage.

Atitsheartisa transformativepartnership withPipelineInfrastructure NigeriaLimited(PINL), whosecommunity-focused approachhasundercutthe sabotageeconomyand

shownthatrealsecurity musthavelocalownership atitscore.

Nigeria's5,000-kilometre pipelinenetworkwasonce notoriousforleaksand attacks.Atitsworst,the countrylostabout$700 millionmonthlytotheft. PipelinesliketheTrans NigerPipeline(TNP) sometimesdeliveredas littleas5%ofthecrude pumpedthroughthem,as relentlessattackscrippled output.

AbaPower,customersreapbenefits fromN33bnmassmeteringproject

Themanagingdirectorof APLElectricityDistribution Company(AbaPower), UgoOpiegbe,hassaidthat theongoingmassmetering projecthasturnedouttobe ahugemutualblessingfor theDiscoanditscustomers.

Thefreemassmetering, estimatedtocostN33 billion,wasrolledoutin Mayandisbeing implementedinpartnership withfourmeter manufacturingfirms.Ithas asettargetofcoveringno fewerthan100,000 customersintheAbaringfencedarea,comprising nineofthe17Local GovernmentsinAbiaState, beforetheendofthelast

quarterof2025.

Opiegbesaidinastatement madeavailableviae-mail thatthemeteringproject“is awin-winforboththe companyandcustomers,all criticalbusinessmetrics considered”.

(ThisDay, July 7, 2025)

Thiscrisisturnedacorner whenPINLintroducedits community-firstsecurity blueprint.Unlikethe military-heavytacticsofthe past,PINLembeddeditself withintheNigerDelta's socialfabric,shiftinghost communitiesfromsuspicion tostake-holding.

(ThisDay, July 7, 2025)

FGtoendlow-quality solarequipmentuse,getstesting

devicesfrom

Huawei TotalEnergies'Ubetaprojectto add70,000barrelstoNigeria's dailygasoutput

Nigeriatookstepstocurb thedeploymentof substandardequipmentin therenewablessegmentof thepowersector,withthe RuralElectrification Agency(REA)receiving devicesfromaChinese Company,Huawei,totest theauthenticityofproducts, bothlocalandimported.

Atabriefhandover ceremonyinAbuja,the ChiefExecutiveofthe REA,AbbaAliyu,reiterated theroleplayedbyPresident BolaTinubu,followinghis recentvisittoChina, stressingthattheequipment willhelpreducecasesof low-qualitymaterialsin Nigeria'srenewableenergy drive.

InSeptember2024,the PresidentvisitedChinaand thenewdevelopmentispart

oftheresultsoftheChinaAfricaInitiative,whichsaw thesigningofa Memorandumof Understanding(MoU)atthe time.TheMoU,according totheREAboss,wassigned toenableHuaweitosupport theagencyindevelopinga world-classmini-grid standardizationand simulationcentreinAbuja.

(ThisDay, July 7, 2025)

NNPCdonates35CNG busestoPCNGi

TheNigerianNational PetroleumCompanyLtd hashandedover35hybrid CompressedNaturalGaspoweredbusestothe PresidentialCompressed NaturalGasInitiative (PCNGi).

Duringabriefceremony heldattheNNPCTowers oninAbujarecently,the

groupchiefexecutiveoffice ofNNPCLimited,Bashir Ojulari,reiteratedthe company'scommitmentto supportingNigeria'sgas developmentaspirations. TheGCEOstatedthatthe movewasinlinewith NNPC'seffortstodrivethe adoptionofCNGasa cleaner,cheaper,and sustainablefuelalternative.

TotalEnergieshas announcedthatitsUbeta gasfieldproject,locatedin theOML58onshore license,hasenteredthe executionphaseandis expectedtocontribute 70,000barrelsperday(bpd) ofgasandcondensatesto Nigeria'sproduction capacityby2027,Matthieu Bouyer,countrychairof TotalEnergiesinNigeriahas said.

Whiledescribeingthe projectasasignificantstep towardachievingNigeria's gasdevelopmentgoals, Bouyeracknowledgedthe supportoftheNigerian UpstreamPetroleum RegulatoryCommission (NUPRC)andNNPC Limited,statingthattheir collaborationhashelped acceleratetheproject's progress.Inadditiontothe Ubetaproject,Bouyeralso providedupdatesonthe IMAgasfield,located withinOML112and117 undertheAMNI/TEPNG JointVenture,15kilometres

offthesoutheastcoastof Nigeria.

Hestatedthattheprojectis currentlyattheFrontEnd EngineeringDesign(FEED) stageandisexpectedto reachFinalInvestment Decision(FID)in2026. LikeUbeta,theIMAproject isprojectedtodeliver 70,000barrelsofoil equivalentperdayatpeak production.

TheTotalEnergiesboss highlightedrecent developments,includingthe Ntokondiscovery,whichis movingtoward development,andthe acquisitionofnewoil blockswithinthepastyear

(The Guardian, July 8, 2025)

Headdedthatthecompany hasrecordedsignificant progressongassupply, infrastructure,distribution, andretailoutlets.

Onhispart,theministerof stateforpetroleum resources(gas),Ekperikpe

Ekpo,saidtheCNGbuses representnotjustvehicles butserveasinstrumentsof economicrelief,social equity,andenvironmental responsibility.

(Punch, July 8, 2025)

FG,privatesectorpushforstronger safetymeasurestocurbgasexplosions Nigeriacommissions15solar mini-gridsinthreestates

Thefederalgovernment,in collaborationwithprivate sectorstakeholders,is intensifyingeffortsto addressthegrowingthreat ofgasexplosionsat industrialsitesandin domesticenvironments acrossNigeria.

Speakingrecentlyatagas safetyconferenceorganised byFleissenEventsin Abuja,theministerofstate forpetroleumresources (gas),Hon.Ekperikpe Ekpo,representedbyDr MustaphaLamorde, stressedthecritical importanceofsafetyin Nigeria’sgasindustry

Hefurtherstatedthatthe government’scampaignto promotedomesticLPG adoptionhasthepotentialto drivedownpricesand expandaccesstocleanand efficientenergyformillions ofNigerians.

Executivesecretaryofthe NigerianUpstream PetroleumRegulatory Commission(NUPRC), Engr.GbengaKomolafe, representedbyEngr. EmmanuelAkinyemi,noted thatthecommissionhas introducedsafetycase guidelinesforoilandgas facilitiestoensurethat operationsareconductedin aresponsibleandsecure manner

“Theseguidelinesfocuson riskmanagement,requiring operatorstoidentify potentialhazards,assess associatedrisksandapply preventivecontrols,”he

Accordingtohim,“weare notjustregulatorswho issuesanctions.Weprovide guidanceandsetclear criteriathatoperatorsmust meettoattainsafety certification.”

PresidentoftheInstituteof SafetyProfessionalsof Nigeria(ISPON),Dr. UdenziStephen,said the instituteisworkingwith relevantgovernment agenciestostandardize safetypracticesacrossthe country

Dr.Udenzirecommended thatsafetytrainingbe incorporatedintoNigeria’s formaleducation curriculumtoensurethat futuregenerationshave foundationalknowledgeof criticalsafetyprotocols.He alsoraisedconcernsabout theindiscriminatesitingof gasstations,particularly withinresidentialareas.

Hiswords:“I’veseengas stationsbuiltrightnextto homes,whichisextremely dangerous.Oneaccidentin suchasettingcouldleadto masscasualtiesandthe destructionofproperty.

“Asprofessionals,we’re tiredofwatchingNigerians dieavoidabledeaths.Gas stationlicencesshouldonly begrantedtoapplicants whoholdcertifiedsafety credentials.” said.

(NewsDirect, July 9, 2025)

Inasignificantsteptowards bridgingNigeria's electricityaccessgap,15 newsolarmini-gridshave beencommissionedacross Niger,Kogi,andNasarawa States.

Themini-grids,collectively delivering1.4MWofclean energy,arenowpowering homes,businesses,clinics, andschools,transforming thelivesofmorethan 30,000peoplein underservedrural communities.

Theprojectispartofa landmark$60million projectfinanceagreement withCrossBoundaryEnergy Access(CBEA),which financedtheinfrastructure. ENGIEEnergyAccessled theconstructionandnow overseestheoperationof themini-grids,ensuring long-termsustainabilityand reliableenergydelivery

(SolarQuarter, July 9, 2025)

AiteorebrandsasNembeE&P, launchesnewcrudeterminal

Inastrategicmove signalingitsoperational revivalandhostcommunity alignment,AiteoEastern ExplorationandProduction CompanyLimitedhas officiallyrebrandedas NembeExplorationand Production,NembeE&P, followingthesuccessful restartofoilproduction afteroverayearof shutdown.

Announcingtherebranding inAbujarecently,the company'sgroupmanaging director,VictorOkoronkwo, saidthenamechangeand thedevelopmentofthe NembeCrudeExport Terminalmarkanew chapterofresilience,brand

TheOML29operator, whichfacedsignificant evacuationchallenges, pivotedfromitsprevious logisticsmodeltoaFloating StorageandOffloading, FSOsystem,enablinga newexportrouteandthe brandingofauniquecrude grade,NembeCrude.

Okoronkwoexplainedthat thedecisiontorenamethe companywasdeeplyrooted inthecompany's geographicaland operationalheritage. identity,andrenewed commitmenttonational growth.

(SweetCrude Reports, July 9, 2025)

Nigeriatargetsendtodiesel with$60mngreenportplan

Nigeriaismoving decisivelytophaseout dieseldependencyandcut carbonemissionsthrougha hybridenergyrevolution thatwilldeliver24/7power toinfrastructurehubssuch asports,VicePresident KashimShettimahas announced.

Speakingatthe Decarbonising InfrastructureinNigeria SummitinAbuja,recently, Shettimaalsoannounceda landmarkplantotransform OnnePortinRiversState intoNigeria'sfirstfully greenportthrougha$60 millionprivateinvestment dealalreadyunder

discussion.Callingthe Onneprojecta“strategic leap,”thevicepresident underscoredthatNigeria's futureinfrastructuremust bepoweredby sustainability,notoutdated systems.

(SweetCrude Reports, July 9, 2025)

BINLtobuild$15bn refineryinOndo

Petroleumrefiningcapacity inNigeriamayincreaseby 500,000barrelsperday (bpd)asBackbone InfrastructureNigeria Limited(BINL)has unveiledplanstobuilda $15-billionrefineryand establishafreetradezone (FTZ)inOndoState.

Theassets,whichmayrival theexisting650,000bpd refineryfromDangoteand Nigeria-owned445,000bpd refineries,couldincrease Nigeria'squestforenergy self-sufficiencyand industrialgrowth.The proposedrefinerywillbe

sitedattheSunshine IndustrialParkinOgboti, Eruuna,withintheIlaje LocalGovernmentArea.

Theproject,ajointventure withtheOndoState government,throughits developmentagency, ONDIPA,isexpectedto takeoffinphases,starting witha100,000-bpdmodule, andwillbedeliveredwithin 48months.

Speakingaheadofa scheduledcourtesyvisitto theGovernorofOndoState, LuckyAiyedatiwa,BINL's vicepresidentforcorporate services,WaleAdekola,

DangoteRefinerytoend crudeoilimportsinDecember

TheDangoteOilRefineryis planningtoendcrude importationbyDecember 2025,areportbyPunch, quotingBloomberghas said.

Therefineryiswillingto relyfullyonNigeriancrude bytheendoftheyear,a movethatwouldreplace hundredsofthousandsof barrelsadayofimported oil.Bloombergreportsthat theplantreceivedabouthalf ofitscrudeinJunefrom localproducerswhowould beabletosellmoretothe facilityastheirforeign supplyobligationsend soon.

AlikoDangote,whoisthe company'sfounderand president,saidrecentlythat

thefacilityreliedheavilyon theUnitedStatesforcrude supplydespitethenaira-forcrudedeal.However,the vicepresidentofDangote Industries,whooverseesthe 650,000barrel-a-dayplant inLagos,Devakumar Edwin,saidthecontracts withforeigncrudesuppliers wouldexpireandthe refinerywouldsourceits feedstocklocally

(Punch, July 9, 2025)

saidtherefinerywould servebothdomesticand internationalmarkets, supplyingrefinedpetroleum productsforlocal consumptionaswellas feedstockforallied industries.

(The Guardian, July 10, 2025)

OilcompaniesgiveN97billion, $149milliontohostcommunities

TheNigerianUpstream PetroleumRegulatory Commission(NUPRC)has statedthat102Host CommunityDevelopment TrustshavereceivedN97 billionand$149millionas HCDTfundsremittedby settlers.

NUPRC'srepresentative, ChidinmaNwabueze, disclosedthisinAbuja, explainingfurtherthat NUPRCfacilitatedthe remittancesofN97billion and$149millionintothe HCDTsfundaccountasof May19.ThePetroleum IndustryActrequiresoil explorationcompanies (settlors)toallocatethree percentoftheiroperating expenditureoftheprevious yearforthedevelopmentof theirhostcommunities.

MsNwabuezesaidthatthe HCDTwasincorporated andfundedbytheSettlors (Licencees)fromthreeper centoftheOPEXofthe annualexpensesfromthe precedingyear.Sheadded thatthecommissionhad alsobeenabletoapprove 167applicationsfully issuedasapprovalto incorporate.

(Peoples Gazette, July 10, 2025)

AllOninvests$250,000 toscaleoperations inNigeria

Inamovethatreinforcesits missiontoexpandenergy accessacrossNigeria,All On,aleadingimpact investmentcompany,has announcedastrategic investmentof$250,000in enee.io,acutting-edge technologyfirmspecializing inadvancedenergy monitoringsystems.

Theinvestmentmarksa significantstepinscaling

enee.io'ssalesoperations withinNigeria,enablingthe companytobroadenits reachandimpactintheoffgridenergysector.enee.io isrecognizedforits intelligentsoftware solutionsthatsimplify energymanagementand enhancetheefficiencyof renewableenergysystems, anidealfitwithAllOn's commitmenttosupporting scalable,high-impactclean

Dangote's1.6million-barrelcapacity tankstodeliverfuelinfourcountries

Nigeria'sDangote PetroleumRefinerywill constructstoragetanksin Namibiatoholdatleast1.6 millionbarrelsofpetroland dieseltosupplyrefinedfuel toSouthernAfrica,two sourcestoldReuterson Wednesday

Themoveunderscoresthe refinery'sambitionto dominatefuelsupplyin Africaandbeyond, potentiallyreshapingenergy tradeflowsintheregion andboostingaccessto refinedproductsfor SouthernAfricannations. The650,000barrelsperday refinery,builtfor$20 billionbyAfrica'srichest man,AlikoDangote,started operationslastyearandhas beenrampingupproduction andseekingnewmarkets.

Accordingtosources,who werebriefedonthe development,saidthe

storagetankswouldbeused tosupplypetrolanddiesel toBotswana,Namibia, Zambia,andZimbabwe. NamibiaPortofficial confirmedconstruction plans.

Ithasalsobeenclaimedthat Dangoteisalsoconsidering supplyingfueltothe southernDemocratic RepublicofCongo.

(Business Express Namibia, July 10, 2025)

energybusinesses.

enee.io'stechnologygoes beyondinnovation,building trustinrenewableenergyby equippinguserswiththe toolstomonitorand managetheirenergy systemseffectively

Thisempowersindividuals andbusinessestomake informeddecisions, optimizeenergyuse,and contributetoamore

sustainablefuture.

(BusinessDay, July 11, 2025)

LASWAtoembraceCNGas alternativeenergyforferries

TheLagosStateWaterways Authority(LASWA)isset toembraceCompressed NaturalGas(CNG)asan alternativeenergyforferries inthestate.

Themovewasmadeina strategicengagement meetingbetweenLASWA, thePresidentialInitiativeon CompressedNaturalGas (Pi-CNG),representatives ofRILHydroKraft (promotersofCNGfor Marine),keyboatoperators, andmarinestakeholders acrossLagosstate.The meetingwasheldat LASWA'sheadquartersin Lagos.

Thegeneralmanagerof LASWA,Mr OluwadamilolaEmmanuel, highlightedthestrategic importanceofintroducing CNG-poweredboatsand

electricferriesaspartof LASWA'slong-term commitmenttoreducing carbonemissions, enhancingpassengersafety, andloweringoperational costsforoperators.

Hesaidthewaterwaysare centraltoLagos'future mobilityplans,andthat energytransitionremainsa corepillarinactualizing thisvision.

(Worldstage, July 11, 2025)

NNPCsetsmarket-driven conditionsforcrudeoilsupply toDangoteRefinery

Nigeria'sstate-ownedoil giant,theNigerianNational PetroleumCompany (NNPC)Limitedhas reaffirmeditscommitment tosupplyingcrudeoiltothe DangoteRefinerybased strictlyoncommercialand market-driventerms.

Thiscomesamidongoing effortsbytheNigerian

governmenttoreduceits dominanceintheprivateoil andgassectorandfostera moreliberalizedmarket structure.

BusinessInsiderAfrica quotedthegroupchief executiveofficerofNNPC, BayoOjulari,assayingina recentinterviewwith Bloomberg,wherehe

NNPCtolistonstock exchangein2028

TheNigerianNational PetroleumCompany (NNPC)Limited,willbe listingonthestock exchangeby2028,the GroupChiefExecutive Officerofthestateoil company,BayoOjulari,has revealed.

“Wehavearoadmaptobe listedby2028,”Ojularitold participantsatthe9th Organizationofthe PetroleumExporting Countries(OPEC) InternationalSeminarin Vienna,Austria,including OPECministersandtopoil industryofficials.

“Nigeriahasbeen undergoinga

addressedtheongoing conversationaround domesticcrudeoilsupplyto Africa'slargestrefinery.He explainedthatwhilethe governmentiscommittedto improvinglocalcrudeoil supplytotherefinery,the processmustremain market-driven.

Hiscommentscameamid renewedeffortsbythe Nigeriangovernmentto fosteramoreliberalizedoil andgasindustryandreduce directstatecontrolin privatesectoroperations.

DangoteRefinery,witha refiningcapacityof650,000 barrelsperday,isthe

transformationaljourney sincetheenactmentofthe PetroleumIndustryAct (PIA).ThePIAhasreset andbroughtstabilizationto theenergyindustry, particularlyoilandgasin Nigeria.Itgivesusthe roadmapandallowsusto monitorourprogress.”

(App, July 13, 2025)

largestsingle-trainrefinery inAfricaandamongthe largestglobally.TheLagosbasedfacilityisexpectedto meetNigeria'sdomestic fuelneedsandsignificantly reducerelianceon petroleumimports.

(Business Insider Africa, July 13, 2025)

Nigeriatopushfor25%hikein OPECquotaby2027

TheNigerianNational PetroleumCompany (NNPC)Limitedhas revealedplanstopushfora 25%increaseinNigeria's oiloutputquotaby2027, citingrefinerygrowthand improvedproduction.

Nigeriaishopingto approachtheOrganization ofPetroleumExporting Countries(OPEC)toraise thecountry'scrudeoil productionquotaby25per centonthebackof expectationsthatoutputwill beraisedsoon.

Thenationaloilcompanyis alsotargeting2million barrelsperdayfrom2027,

withplanstobeincludedin theupcomingtalksover updatedcountrycapacities, thegroupchiefexecutive officerofNNPC,Bashir Ojulariisreportedtohave said.

Nigeria'scurrentcrude quotais1.5millionbpd,but Ojularisaidcurrent productionisslightlybelow thatataround1.4million bpd.Includingaround 250,000bpdofcondensate, thattakescurrentoiloutput toaround1.65millionbpd, justshyofthecountry'soil productioncapacity.

(Arise News, July 14, 2025)

Nigeriaexceeds1.5mbpd OPECoutputquotaforJune

Nigeria'saveragedaily crudeproductionroseabove thequotaallocatedtoitby theOrganizationofthe PetroleumExporting CountriesinJune2025.For thesecondtimein2025,the countryexceededitsOPEC quotaof1.5millionbarrels

perday,firstinJanuaryand secondinJune.

Accordingtoareportbythe NigerianUpstream PetroleumRegulatory Commission(NUPRC),the country'saveragedaily crudeproductionwas

NNPC,

AkwaIbom,GACN

sign$3.5bngasdeal

TheNigerianNational PetroleumCompany (NNPC)Limitedhassigned a$3.5billionMemorandum ofUnderstanding(MoU) withAkwaIbomState governmentandtheGas AggregatorCompanyof Nigeria(GACN).

Thecompanyannounced thattheceremonywasheld duringtheopeningsession oftheSouth-SouthGas UtilizationForum2025in Uyo,theAkwaIbomState capital.Itfurthernotedthat theagreementunderscores theSouth-South geopoliticalzone's commitmenttodrivinggas industrializationforshared prosperity.

Theforumwasattendedby

theministerofstatefor petroleumresources(gas), EkperikpeEkpo,alongside representativesfromthe governmentsofAkwa Ibom,CrossRiver,and RiversState.

(The Guardian, July 16, 2025)

1,505,474barrels, representing100.4percent oftheOPECquota.Oil production,includingcrude andcondensate,was approximately1.7mbpd. Thiswasanimprovementin crudeproductionwhen comparedtotheprevious months.

InMay,crudeoutputstood at1.45mpdwhileboth crudeandcondensatewere 1.65mbpd.Productionwas aslowas1.60inMarch. NUPRCsaid“thelowest andpeakcombinedcrude oilandcondensate productioninJunewere

1.61millionbopdand1.82 millionbopd,respectively

“Theaveragecrudeoil productionwas100.4per centoftheOPECquota(1.5 mbpd).Thedailyaverage productioninJunewas 1,697,045barrelsperday, comprisingbothcrudeoil (1,505,474bopd)and condensate(191,572 bopd).”However,the outputwasstillbelowthe targeted2.06mbpd projectedinthe2025 budget.

(Punch, July 16, 2025)

Dangotemovestocrash priceofcookinggas

PresidentoftheDangote Group,AlhajiAliko Dangote,hasmademoves tocrashthepriceof LiquefiedPetroleumGas, alsoknownascookinggas.

Dangotealsosaidhis companywillkickoffthe directsalesofcookinggas toconsumersifdistributors failtoallowthereductionin thepriceoftheproduct, especiallyafteroperatorsin thesectordisagreedwith theplan.

Dangoterevealedhisplan duringarecenttourofhis refinerybysomelocaland foreignguests,withthe businessmansayingthatthe currentpriceofcookinggas isexpensiveandnot

affordableforthecommon peoplewhodependon firewoodforcooking.

(The Guardian, July 16, 2025)

Dangotetobuildbiggest seaporttofacilitateLPGexport

PresidentoftheDangote Group,AlikoDangote,has submittedpaperworkto buildthe“biggest,deepest seaportinNigeria”inOgun State.

Inaninterviewwith Bloomberg,Dangotesaid hehasappliedtobegin workattheproposed AtlanticseaportinOlokola, OgunState.Accordingto theentrepreneur,the initiativewouldeasethe exportofgoods,including liquefiednaturalgas(LPG) andsupporttherapid

growthofhisindustrial empire.Theportmarksthe billionaire'sreturntothe sitewherehehad previouslyabandonedplans tobuildhisrefineryand fertilizercomplexaftera falloutwithlocal authorities.

Alsospeakingduring anotherinterview, DevakumarEdwin,vicepresidentoftheDangote Group,saidthegroupplans toexportliquefiednatural gas(LNG)fromLagos.He saidtheprojectthatwill

RainoilGasexpandsLPGnetwork with10newoutletsinNigeria

RainoilGasLimitedhas significantlyexpandedits footprintinNigeria'senergy sectorwiththe commissioningof10new liquefiedpetroleumgas (LPG)retailoutletsinthe firsthalfof2025.

Thenewlocationsincludea combinationofsix30metric-tonLPGplantsand fouradd-onskidunits, strategicallylocatedacross theSouth-West,South,and North-Centralregions. Operationalsitesnow provideexpanded availabilityofLPGtoa growingnumberof Nigerianhouseholds.

Themovealignswiththe company'sbroadermission toimprovenationwide accesstosafe,clean,and affordablecookingenergy. Thislatestdevelopment marksamilestonein

Rainoil'sinfrastructure strategy,aimedatmeeting risingconsumerdemandfor cleanerenergyalternatives andclosingthegapinlastmileLPGdistribution.

Theexpansionalso reinforcesNigeria'snational drivetowardenergy transitionanduniversal accesstocleancooking solutionsby2030.Rainoil Gasconfirmedthat additionalLPGoutletsare plannedforthenearfuture aspartofitscontinuing investmentinNigeria's cleanenergyfuture.

(Mobility Plaza, July 16, 2025)

(Daily Trust, July 16, 2025) involveconstructing pipelinesfromtheNiger Delta.

ExxonMobilNigeriaappoints newchairman,managingdirector

ExxonMobilhasappointed JagirBaxiasChairman, ManagingDirector,and LeadCountryManager,of itsaffiliatesinNigeria.This includesEssoExploration andProductionNigeria LimitedandEsso ExplorationandProduction Nigeria(OffshoreEast) Limited.

Baxi,whosucceedsShane Haris,bringsawealthof experienceandproven leadershiptohisnewrole, wherehewilloversee ExxonMobil'sbusinessin Nigeria.Astatementbythe companyrevealedthat Harristransitionsto ExxonMobilHeadquarters inHouston.

Commentingonhis appointment,Baxisaid“I amhonouredtoleadour exceptionalNigeriateam andbuildontheworkthat ShaneHarrishasdoneover thepasttwoyears.My personalcommitmentisto sustainandgrowthestrong collaborativerelationships wehavebuiltwiththe

NigerianGovernment, NNPCL,venturepartners, variouscontractors,andthe communitiesinwhichwe operate.”

Headdedthat“Nigeriahas significantoffshore deepwatergrowthpotential inoilandgas.When combinedwiththe improvinginvestment climate,inherent advantagesofalready existingdeepwaterassetsat ErhaandUsan,andthe remarkabletalentofthis country,Ifeelvery privilegedtobeapartofthe ExxonMobilteamthatis workinghardtodeployour globaldeepwater capabilitiesandstrengthsto supportNigeriain achievingitsoilandgas industryaspirations.”

Priortohisappointment, Baxiwasexecutivedirector, production,forall ExxonMobilaffiliatesin Nigeria.

(SweetCrude Reports, July 17,2025)

36stateskickagainstSenate's electricityactamendmentbillproposal

TheForumof CommissionersofPower andEnergyinNigeria (FOCPEN)hasstrongly kickedagainsttheSenateproposedElectricityAct (Amendment)Bill2025. Williams,whoisthe

Theforumspokethrougha statementjointlysignedby PrinceEkaWilliams,its chairman,andBarr.Omale Omale,itssecretary.

Qoray,TotalEnergiesannounce after-salessupportpartnership forelectricvehicles

Inaboldsteptoenhance electricvehicle(EV) ownershipinNigeria, Qorayhassigneda Memorandumof Understanding(MoU)with TotalEnergiesMarketing Nigeria,officiallymaking theglobalenergygiantits after-salessupportpartner forQoray's4-wheelerEV category

Withthispartnership, QorayEVownerscannow visitselectTotalEnergies QuartzAutoservicefor diagnostics,maintenance andrepair,ensuringaccess toreliable,top-tiertechnical support.Thismovedirectly addressesoneofthekey challengesfacingEV adoption,whichis dependableafter-salescare. TheMoUwassignedon July10,2025atabrief ceremonyattendedbykey executivesfromboth organizations.

RepresentingTotalEnergies MarketingNigeriawerethe

generalmanager,retailand cards,AbdullahiUmar; generalmanager, commercial,Weruche Nwagbara;network developmentand optimizationmanager, SamirMrad;andexecutive director(secretarygeneral), EmmanuelMorand-Ferh. FromQoray,theeventwas attendedbythechief executiveofficer,Olabanjo Alimi,alongsidethevicepresident,mobility,Akin Akingbogun;andAyo Falola,vice-president, energies;aswellasFatai Tella,COO,TheAlternative Bank,Qoray'smajor financingpartner,along withothermembersofthe leadershipteam.

Speakingduringthe signing,Alimiemphasized thesignificanceofthe partnershipasapractical responsetocustomer concernsaroundEV servicingandinfrastructure.

(ThisDay, July 18, 2025)

commissionerofpowerand renewableenergy,Cross RiverState,andhis counterpartinBenue,Barr Omale,expressedsurprise andconcernoverthe ongoingdeliberationinthe Nigeriansenateonthebill. Thegroupexpressed dismaythatthesenatewas

deliberatingtoamendthe landmarklawenacted barelytwoyearsago,which morethan16stateshave alreadyadopted.

(BusinessDay, July 18, 2025)

AradelappointsOsten Olorunsolaasboardchairman

AradelHoldingshas announcedtheappointment ofAugustineOsten Olorunsola,anon-executive director,astheinterim chairmanofitsboardof directors.

Theappointment,effective July9,2025,wasapproved viaawrittenboard resolutiondatedJuly17, 2025.Aradelsaidina statementthatthecompany secretaryhasbeen mandatedtonotify regulatorsandtake necessaryactionsto implementtheresolution.

Olorunsolaisageology graduateoftheUniversity ofIlorininKwaraState withoverfourdecadesof experience-based knowledge,skills,and expertiseinpetroleum resourcemanagement,

notablyinpolicy formulation, implementation,crafting legislation,opportunity realizationregulation,field development,and commercialoperations.He haspreviouslyserved variouscompaniesand agenciesofgovernmentin Nigeria,Italy,the NetherlandsandtheUnited StatesofAmerica.

(Proshare, July 18, 2025)

Nigeria'sCNGrolloutattracts $800mninvestment,100,000jobs

ThePresidential CompressedNaturalGas Initiative(PCNGi)hassaid thatNigeria'stransitionto gas-poweredvehicleshas attractedover$800million ininvestmentsandcreated morethan100,000jobsin thelastyear

Theagencydisclosedthisin arecentstatementissuedby itsbrandandcorporate communicationsmanager,

Qorayunveilsnewcarcharging stationatLagosSheraton

Qoray,inastrategic partnershipwiththe SheratonLagosHotel,has announcedthelaunchofa newfast-chargingstation forelectricvehicles, significantlyadvancing Nigeria'stransitiontowards cleanmobility

Locatedinthehotel'smain carpark,thefully operationalstationisnow accessibletoallelectric vehicle(EV)drivers, includinghotelguests, businesstravelers, commutersandlocal residents.Thisnew installationinIkeja,a centralhubforcommerce, travelandresidentiallife, underscoresQoray's commitmenttoclosingthe EVinfrastructuregapand makingelectricmobilitya practicalrealityfor Nigerians.

Thestationjoinsagrowing networkofQoraycharging pointsacrossLagos,

complementingrecent installationsattheLagos MarriottHotel,Ikejaand establishedlocationsat AdeolaOdekuandMarina.

MartinBredenoord,the generalmanagerof SheratonLagosHotel, notedthattheinitiative alignswiththehotel's dedicationtosustainability anditsfocusondelivering convenient,eco-friendly amenities.

(ThisDay, July 18, 2025)

MatildaJohnson,explaining thattheprogrammeis recordingmassiveprogress.

ThenumberofCNGpoweredvehiclesoperating inthecountryissaidto haverisentoover100,000, representingafivefold increasewithinoneyear andmultipledaughter stationsbyDangoteGroup demonstratesthegrowing impactoftheinitiativeon Nigeria'seconomy.Italso notedthatthenumberof conversioncentershas grownfrom7toover300 nationwide,drivenby partnershipswithsmall businessesandauto technicians,withanaverage

of20newcentersbeing establishedeveryweek.

(The Sun, July 18, 2025)

PCNGimaintainsthatthe recentrolloutof4,000 CNG-poweredtrucks,100 virtualpipelinevehicles,

Nigeriatargets$50bnhydrogen exports

Nigeriaisintensifying effortstobecomealeading exporterofgreenhydrogen, withaplantogenerateupto $50billioninhydrogen revenueandproducefour milliontonnesofgreen ammoniaannuallyby2060.

Thisplan,reinforcedatthe Nigeria4H2ProjectResult Workshop,aninitiativethat assessesthecountry's potentialtotransitionfrom fossilfueldependencyto cleanerenergysources, showsthattheEconomic CommunityofWestAfrican States(ECOWAS)is seekingtoshifttowards greenhydrogen.Theproject isbeingspearheadedbythe EnergyCommissionof Nigeria(ECN)and supportedbypartners, includingtheWestAfrican ScienceServiceCentreon ClimateChangeand AdaptedLandUse (WASCAL)andthe Germangovernment.

SpeakingonbehalfofVice PresidentKashimShettima,

presidentialadviser,Dr. TopeFasua,notedthatthe projectremainsa cornerstoneofNigeria's greentransitionstrategy. “Thegovernmentconsiders greenhydrogen,produced usingrenewableenergy fromsolarandwind,asa vitaltoolforeconomic diversification,jobcreation, andachievinginternational climatetargets,”henoted. FasuahighlightedNigeria's naturalresources,including abundantsunlight,wind potential,andayouthful population,askeystrengths indevelopingascalable greenhydrogeneconomy

Thestrategyextends beyondenergy transformationtoinclude greenammoniaproduction asasolutiontoNigeria's fertilizerdeficit,whichhas limitedagricultural productivityandcontributed tofoodinsecurity.

(The Guardian, July `19, 2025)

Nigeriasecures$20bnChina investmentcommitments

Thedirectorgeneralofthe Nigeria-ChinaStrategic Partnership,JosephTegbe, hasdisclosedthatNigeria hassecuredover$20billion ininvestmentcommitments fromChina,aimedat transformingkeysectorsof thenation'seconomy

Tegbesaidtheinvestments arechanneledintocritical sectorssuchasagriculture, automotivemanufacturing, steel,energy,andmining, addingthattheyarepartof ongoingeffortstofast-track Nigeria'sindustrialrevival throughdeepened

Powerreformstoreverse$29bn GDPlossinNigeria'senergysector

TheUnitedNations DevelopmentProgramme (UNDP)hassaidthatthe progressrecordedbythe implementationofthe2023 ElectricityActiscapableof reversingNigeria'senergyrelatedlossconstraints, whichareestimated betweenfiveandsevenper centofitsGrossDomestic Product(GDP),amounting toapproximately$25–29 billionannually

Beyondthesefigures,the broadereconomicimpacts ofinconsistentelectricity supply—particularlyon productivityandbusiness continuity–aresubstantial yetoftenunderreported, saidUNDP.

Theagencyhowever expresseddelightwiththe leveloftransformationso farattainedbyNigeriaafter theElectricityAct,which

wasassentedtoby PresidentBolaAhmed TinubuonJune8t,2023.

AccordingtoGeoffrey Omedo,whoisthe technicalspecialist,climate andenergyfinanceat UNDPNigeria,“without doubt,Nigeria'senergy sectornowstandsatthe cuspofatransformativeera aftertheElectricityActthat wasassentedtoby PresidentBolaTinubuon 8thJune2023.”

Omedoaddedthatthe landmarklegislation signaledadecisiveshift fromacentralized,federaldominatedelectricity landscapetoamore decentralized,privatesector-led,andmulti-tiered electricitymarket.

(Leadership, July 19, 2025)

collaborationwithChinese businessleaders.

Accordingtohim,the$20 billioncommitmentwas securedthroughaseriesof engagements,followingthe recentelevationofNigeriaChinarelationstoa comprehensivestrategic partnership.Headdedthat theinvestmentswillbegin rollingoutlaterthisyear

(Punch, July 19, 2025)

Nigeriancompanysealsdealto developoilblockinTanzania

Nigeria'sFIRST Exploration&Petroleum DevelopmentCompany (FIRSTE&P)hasentered intoastrategicagreement withtheTanzania PetroleumDevelopment Corporation(TPDC)to assessandpotentially developtheMnaziBay NorthBlock,agas-richarea insouthernTanzania.

Theagreement,formalized throughaMemorandumof Understanding(MoU) signedinDodoma, Tanzania,isamajorstep forwardinTanzania'sbidto harnessitsvasthydrocarbon reservesandimprove energyaccessacrossthe region.Theevent,heldat TPDC'sheadquarters, broughttogethersenior governmentofficials, industryleaders,andother stakeholders.

Attheheartofthis collaborationisashared visiontounlockthe country'sgaspotentialina sustainableand commerciallyviable manner.FIRSTE&Pwill fullyfundthetechnical assessmentphase,amove thatunderlinesthe company'sconfidenceinthe

block'sprospectsandits long-terminterestin Tanzania'supstreamsector

Havingmadenotable progressinNigeria,where itproducesaround57,000 barrelsofoilperdayin partnershipwithNNPC Limited,FIRSTE&Pis nowtakingitsexpertise beyonditshomebase.The firm'smanagingdirector, AdemolaAdeyemi-Bero, saidtheventurealignswith itsstrategicambitionsto expandacrossthecontinent, leveragingexperiencebuilt ontechnicalexcellence,a high-performance workforce,andan entrepreneurialapproach.

HenotedthatTanzania's geographicpositiongivesit anaturaladvantageasa regionalenergyhub.With therightblendof investmentsandpolicy stability,headded,the countrycouldbecomea linchpinforgasdistribution acrossSub-SaharanAfrica, helpingtoimprovethe securitycross-borderenergy tradeandsupplyinthe region.

(The Guardian, July 20, 2025)

Nigeriaexports$1.34bncrude oiltoUSinfivemonths

Nigeriaexportedcrudeoil worth$1.34billiontothe UnitedStatesinthefirst fivemonthsof2025, maintainingthecountry's positionasAmerica's leadingAfricanoilsupplier

FiguresfromtheUSCensus BureauandBureauof EconomicAnalysisshow thattheUSpurchaseda totalof17.39million barrelsofNigeriancrude betweenJanuaryandMay 2025.

Althoughenergy-related goodslikecrudewere exemptedfromrecent importtariffsintroducedby theadministrationof PresidentDonaldTrump, thevolumestilldeclined fromthe20.4million barrelsvaluedat$1.52 billionrecordedduringthe sameperiodin2024.The 12.7percentyear-on-year dropinvolumeand11.8per centdeclineinvaluepoint

toshiftingmarketdynamics andapotential reconfigurationofUSoil sourcingstrategies,evenas Nigeriaremainedtopofthe pileamongAfricanoil exporters.

InMay2025alone, Nigeriancrudeexportsto theUSstoodat4.2million barrels,valuedat$311 million,afallfrom$368 millioninApril.Crudeoil continuestoformthe backboneofthecountry's exportstotheUS, accountingformorethan62 percentofAmericancrude importsfromAfricaduring thereviewperiod.

Nigeria'sshipments dwarfedthoseofLibya, AngolaandGhana,whose combinedcrudeexportsto theUSamountedto$811 million.

(Punch, July 20,2025)

DangoteRefinerytargets

700,000bpd

capacityafterupgrade

TheDangotePetroleum RefineryinLagosis undergoingupgrade modificationstoincreaseits nameplatecapacityfrom 650,000barrelsperday (bpd)to700,000bpd, Africa'srichestman,Aliko Dangote,hasconfirmed.

Speakingduringatourof thefacilityinLekki, Dangoteexplainedthatthe upgrade,whichisexpected toconcludeinthefourth quarterof2025,haslimited therefinery'scurrentability tooperateatfullcapacity However,heexpressed confidencethatthe enhancementswouldboost outputbeyondinitial projections.

“OurRFCCU[Residue FluidCatalyticCracking Unit]isat85percent. We'renotat100percent becauseofongoing modifications.Once completed,weexpecttohit 700,000bpd.Someother unitsareevenrunningat

145percentcapacity,”

Dangotesaid.

TheRFCCU,

acriticalcomponentin convertingheavycrudeinto lighter,morevaluable

productssuchasgasoline anddiesel,iscentraltothe refinery'soperation.

Dangotedisclosedthatthe refineryhadpurchased19 millionbarrelsofcrudeoil fromtheUnitedStates betweenJuneandJuly,with USimportsnowaccounting for55percentofits feedstockneeds.“This monthalone,webought10 millionbarrelsfromthe US,”hesaid.

(The Guardian, July 20, 2025)

NDPHC,offtakerssignpactto commercializestrandedpower

TheNigerDeltaPower HoldingCompanyPlc (NDPHC)hasenteredinto anagreementwithnew offtakerswiththeaimto freeandcommercialize about200mwofits 2,000mwstranded electricitybytheendofthis year.

ManagingDirectorofthe NDPHC,JenniferAdighije, saidthiswillbemade possiblewiththesigningof newPowerPurchase Agreements(PPAs)with eligibleoff-takersand traders.

Adighije,whodisclosedthis

EnuguStatecrashesBandA electricitytariff

TheEnuguStateElectricity RegulatoryCommission (EERC)hasissuedanew tariffordertoMainPower ElectricityDistribution Limited,reviewing electricitycostforBandA customersfromN209per kilowatt-hourto N160/kWh,effective August1,2025.

Thenewtariffwas containedintheEnugu commission'sOrderNo. EERC/2025/003entitled, “TariffOrderfor MainPowerElectricity DistributionLimited2025', andwasissuedbythe commission.”

MainPoweristheutility thatsucceededEnugu ElectricityDistribution Companyafterthestategot theapprovaloftheNigerian ElectricityRegulatory Commissiontocontrolits electricitymarket.

EERChadpredicatedits

actionontheEnuguState ElectricityLaw2023,which empowersthecommission toregulatetheactivitiesof operatorsinpower generation,transmission, anddistributioninand exclusivelyforthestate.

Throwingmorelightonthe development,EERC chairman,Chijioke Okonkwo,saidthe reductionintariffbecame imperative,followingthe commission'sreviewof MainPower'stariffand licenseapplicationsasthe newsubsidiarycompany operatinginEnuguState.

(Punch, July 21, 2025)

duringavisittothenewly establishedNigerian IndependentSystem Operator(NISO)inAbuja, statedthattheagreements, whicharecurrently awaitingregulatory approval,werepartofa broaderstrategytounlock strandedcapacity,improve liquidity,andensure commercialsustainabilityof

thegovernment-owned powergenerationcompany

(Leadership, July 22, 2025)

NNPC'sremittancestoFGhit N6.9trninsixmonths

TheNigerianNational PetroleumCompany (NNPC)Limitedsaysit remittedatotalofN6.96 trillioninstatutory paymentsbetweenJanuary andJune.

Statutorypaymentsreferto mandatoryfinancial obligationsthat organizationsarelegally requiredtopayto governmentauthorities, servingasakeysourceof publicrevenue.

Thesepayments,whether madebyindividuals, businesses,orgovernment agencies,areusedtofund nationaldevelopmentand publicservices.

Dangote

Refinery

Alookintopreviousreports showthattheCompany madeastatutorypaymentof N1.37trillioninthemonth ofJunealone.Payments madefromJanuarytoApril wasN5.58trillionand N4.22trillionwaspaid fromJanuarytoMay

(BusinessDay, July 22, 2025)

exportsone milliontonnesofpetrolin50days

TheDangoteRefineryhas startedexportingpremium motorspirit(PMS)toother countriesaroundtheworld.

AlhajiAlikoDangote,who isthepresidentofDangote Group,disclosedthisduring therecentlyheldGlobal CommodityInsights ConferenceonWestAfrican RefinedFuelMarkets, hostedbytheNigerian MidstreamandDownstream PetroleumRegulatory Authority(NMDPRA)in partnershipwithS&P GlobalInsights.According tohim,betweenJuneand July2025,therefinery exportedupto1million

tonnesofpetrol.

NigeriapartnersS&Ptodevelop petroleumpriceindex

Nigeriahaspartneredwith S&PGlobalCommodity Insightstodevelopa regionalpricingbenchmark forrefinedpetroleum productsinWestAfrica,the country'sdownstream regulatorsaidonTuesday

Theinitiative,recently launchedduringtheWest AfricanRefinedFuel ConferenceinNigeria's capital,Abuja,aimsto createlocalizedindicesfor productssuchaspetrol, diesel,aviationfueland liquefiedpetroleumgas.

Nigeria,anOPECmember andAfrica'slargestcrude producer,isimplementing reformstoliberalizeits downstreamsectorasit positionsitselfasaregional tradinghub.Thecountry currentlyproducessome 31%oftherefinedfuel tradedinWestAfrica,with thatshareexpectedtogrow asnewrefiningprojects comeonline.

(SweetCrude Reports, July 22, 2025)

Inthecementindustry,he saidtheDangoteGroupis targetinganexportof$500 millionworthofcementand clinkerbytheyear2027.

(Punch, July 22,

Dangote'scommentis comingamidclaimsthatthe refinerycouldnotmeet localpetroldemands.While DangoteexportsPMS,other marketersstillimportthe productintoNigeria.as Hiscompanyhassince startedtheexportof aviationfueltoEuropeand SaudiArabia. 2025)

WestAfricacurrently dependsonpostedprices fromglobalreference markets,saidFarouk Ahmed,headofNigerian MidstreamandDownstream PetroleumRegulatory Authority(NMDPRA).He addedthatthepartnership willimproveprice transparency,support investmentdecisionsand enhanceenergysecurity acrosstheregion.

USemergestopsupplierof crudetoNigeria

TheUnitedStatesbecamea netexporterofcrudeoilto NigeriainFebruaryand March,ascrudedemandon theUnitedStatesEastCoast slowedduetorefinery maintenance.

AccordingtotheUSEnergy InformationAdministration, theDangoteRefinerydrove upNigeria'sdemandforUS crude.Reutersreportsthat thisisthefirsttimethatthe UShasexportedmorecrude oiltoNigeriathanit imported,asNigeriahas beengenerallyconsidereda sourceforUScrudeoil imports,rankingninthlast year.Crudeexportsfrom theUStoNigeriareached 111,000bpdinFebruary and169,000bpdinMarch.

TheDangoteRefinery

beganprocessingcrudein January2024afteryearsof delays.Therefineryissetto reachanupgradedcapacity of700,000barrelsperday byDecember

ItwassaidthatNigeria's crudeexporttotheUS stoodat133,000bpdin January,butthislater droppedto54,000bpdand 72,000bpdinFebruaryand Marchrespectively.

(Punch, July 23, 2025)

With$2bnNigeriaPortfolio,IDB seeksFG'spartnershiptoboost powerinfrastructure

TheIslamicDevelopment Bank(IDB),which currentlyboastsnearly$2 billionactiveportfolios acrossvarioussectorsin Nigeria,hasexpressed interestinpartneringwith thefederalgovernmentto addresscritical infrastructuregapsinthe powerindustry,leveraging whatitcalled“readyfunds tosupportthecountry's energydevelopmentaspart ofanewcountry

AdelegationfromIDB,led bythefinancialinstitution's leadglobalenergy specialist,AlagiGaye, disclosedthisduringa recentvisittotheminister ofpower,Adebayo Adelabu,inAbuja.Gaye revealedthatIDBhadan activeportfolioofnearly$2 billionacrossvarious sectorsinNigeria,including energy,transport, engagementframework.”

REA's$1.6bnmini-gridfundto acceleratecleanenergyaccessfor ruralcommunities

Themanagingdirectorof RuralElectrification Agency(REA),AbbaAliyu, hasrevealedthattheagency hassecuredafunding pipelineofnearly$1.6 billiontodriverenewable energyprojectsacross Nigeria.

Aliyumadethisdeclaration duringtheagency'sstateby-stateroundtable engagementwithOndo Stategovernor,Lucky Ayedatiwa,inAbuja recently.

Accordingtohim,the funds,sourcedthrougha blendofpublic-private partnerships,multilateral institutions,andclimate financewindows,are expectedtoacceleratethe deploymentofsolarminigrids,standalonesystems, andothercleanenergy infrastructure,particularly inrural,underservedand off-gridcommunities.

Inarelateddevelopment, REAhasrecentlysigned multipleMemorandaof Understandingwithkey

agriculture,andeducation, butfurtherstressedthe bank'sdesireistodeepenits involvementinpower infrastructure.

Heacknowledgedthe country'ssignificant electricityaccessgapand affirmedIDB'scommitment

projectpartners,targeting overN500billionin private-sector-led investmentsandsignificant infrastructuredeployments acrossunderserved communitiesthatarefar flungfromthenational electricitygrid.REA's managingdirectorhas maintainedthattheMOUs signedbytheagencyare notceremonialpaperwork butpracticalroadmapsfor deliveringmeasurable results.

Healsoenumeratedsomeof theMOUoutcomes, includingthedeploymentof foursmartpolicestationsin collaborationwiththe PoliceTrustFund,the deliveryofarenewable energytestingand simulationcentrewith Chinesetechgiant,Huawei, andthemobilizationof N100billionprivatesector debtfundingviaFirstCity MonumentBankfor renewableenergyservice companies.

(Punch, July 22, 2025)

toincentivizingprivatesectorinvestmentinthe sector.Inresponse,Adelabu emphasizedtheneedfor substantialinvestmentto ensurestable,efficient,and affordableelectricityfor Nigerians.

(ThisDay, July 24, 2025)

Nigeriatobuild$18.2bnsupergrid

TheNigerianministerof power,AdebayoAdelabu, hasannouncedthefederal government'splantobuilda superpowergridfor Nigeria,backedbyaloanof $18.2billionapprovedby thenationalassembly

Hemadethedisclosure duringthecommissioning ofa63MVA,132/33kV mobilesubstationatthe EleyeleTransmission SubstationinIbadan,Oyo State.Theproject, implementedunderthe PresidentialPowerInitiative (PPI)bytheFGNPower Companyincollaboration withSiemensEnergy,aims

tomodernizeNigeria's powerinfrastructure.

Adelabustatedthatthe supergridprojectgoes beyondrepairingthe existingnationalgrid, whichhassufferedfrom yearsofneglectandhas becomeold,dilapidatedand ineffective.

(The Sun, July 24, 2025)

NADDCunveilsstandards forgas-powered,electric vehiclemaintenance

TheNationalAutomotive DesignandDevelopment Council(NADDC)has unveiledtheNational OccupationalStandards tailoredfortheconversion, calibration,and maintenanceofgaspoweredandelectric vehicles.

Thedevelopment,which wasmadeknownatarecent publicpresentationin Abuja,aimsto professionalizetechnical skillsandsupportNigeria's transitiontocleaner, alternativeenergyvehicles.

vehiclesinthecountryhad risenfromfewerthan4,000 toover100,000,withan expectedtargetofone millionCNGvehiclestobe ontheroadbytheendof 2027.

Theministerofstatefor industry,SenatorJohn OwanEnoh,saidthe developmentwasa testamenttothecurrent administration's commitmenttopromoting technicalandvocational educationandtrainingin thecountry.

AsofJune2025,the numberofCNGpowered (Punch, July 25, 2025)

NNPCinvitesnewcontractorsto fast-track$2.8bnAKKproject

TheGroupChiefExecutive OfficerofNigerianNational PetroleumCompany (NNPC)Limited,Bayo Ojulari,hasassured Nigeriansofthespeedy deliveryofthe$2.8billion Ajaokuta–Kaduna–Kano (AKK)NaturalGas Pipelineproject,addingthat theprojectwillunlock economicprosperitywhen itcomesonboard.

Healsosaidthat,tofulfill thiscommitment,theoil companyhadtoinvitenew contractorstoensureits speedycompletion.The GCEOsaidthiswhile givinganassuranceto potentialinvestorsand

stakeholdersatNNPC'sgas, power&newenergy directorateforthe2025 AKKBusiness DevelopmentForum recently

Thesecondsegmentofthe AKKprojectisa320kilometerpipeline,which theNNPCbosssaidits weldingworkshavebeen completed.Ojulari describedthegaspipeline asastrategiceconomic catalystforNigeria,which ispoisedtoreshapethe landscapethroughpower generationandindustrial growth.

(Punch, July 25, 2025)

TotalEnergiesreports$6.6bn revenuedespiteoilpricedip

TotalEnergieshasreported resilienthalf-yearresults, generating$6.6billionin cashflow,despitea10per centdropinoilprices, highlightingitsabilityto deliversteadyreturns.

Thecompany'shydrocarbon productionaveraged2.53 millionbarrelsofoil equivalentperday (Mboe/d)inthefirsthalfof 2025,markingmorethana threepercentincreaseyearon-year Thisgrowth,the Frenchenergygiant explained,wasdrivenby newproductionfromkey projects,includingthe Ballymorefieldinthe UnitedStatesandMero-4in Brazil,bothofwhichcame onstreamaheadof schedule.Thecompany's electricityproductionalso rosestrongly,withnearly 23terawatt-hours(TWh) generatedinthefirsthalfof theyear,anincreaseofover 20percentcomparedtothe sameperiodin2024.

Dangotetakesdeliveryof4,000 CNGtrucksfornationwide

fueldistribution Italsoreportedthatadjusted netincomeforthequarter stoodat$3.6billion, bringingthecompany'sfirst halfadjustednetincometo $7.8billion.Thechairman andchiefexecutiveofficer ofTotalEnergies,Patrick Pouyanné,describedthe resultsasproofofthe company'sbalancedmultienergystrategyand resilience.

(The Guardian, July 25, 2025)

NGMLboostsgassupply capacitywith44MMscfdeal

NNPCGasMarketing Limited(NGML)has expandeditsgassupply portfoliowiththesigningof anaturalgassaleand purchaseagreement(GSPA) withCCETCSukPower Limited.

Theagreementenablesthe

deliveryofupto44million standardcubicfeetperday (MMscf/d)ofnaturalgas, furtherstrengthening NGML'sroleinNigeria's energydistributionchain. Thisnewdealbuildsonthe company'sexisting agreementwithGasHub NigeriaLimitedand

TheDangoteGrouphas takendeliveryof4,000 compressednaturalgas (CNG)trucksaspartofits nationwidefueldistribution strategy,amoveaimedat supportingcleanerenergy andenhancinglogistics efficiencyacrossNigeria.

Theannouncementwas madeonthecompany's officialXplatform, accompaniedbyavideo showingthearrivalofthe trucks,whicharedesignated forfreedistributionof premiummotorspirit (PMS)anddieseltobulk buyersacrossthecountry Thisinitiativeispartofa

broadercommitmentbythe companytoreducelogistics costsandensureseamless accesstorefinedproducts.

Itcomesjustweeksahead oftheofficialrolloutof DangoteRefinery's nationwidedistributionof refinedproducts,whichis scheduledtobeginon August15,2025.The distributionisexpectedto coverPMS,diesel,aswell asJetA1,andisprojected todeliversubstantial economicrelief,with annualnationalsavings estimatedat₦1.7trillion.

(Tribune, July 26, 2025)

underscoresitsgrowing footprintinthecountry's midstreampetroleumsector.

Thegassupplyisexpected tosignificantlyimprove powergenerationcapacity andsupportliquefied naturalgasproduction, contributingtothenation's

industrialandenergy securitygoals.

Byincreasingaccesstogas, NGMLisalsohelping industriesreduce dependencyondieseland othercarbon-heavyfuels.

(SweetCrude Reports, July 27, 2025)

Discos

raiseremittancerateto 95.86%despite

revenuechallenges

Inararepositive development,Nigeria's electricitydistribution companies(Discos)raised theirremittanceratetothe Nigerianelectricitymarket to95.86%inQ12025,their highestcollective performanceinrecentyears.

AccordingtotheQ12025 reportreleasedbythe NigerianElectricity RegulatoryCommission (NERC),Discoswere invoicedN208.49billionby theMarketOperatorfor energyreceived,andthey remittedN199.83billion. Thisperformancereflects anincreasedcommitmentto sectorstabilitydespite ongoingcommercial

NEMSA,NISOpartneron

grid safety,meteringaccuracy

TheRuralElectrification Agency(REA)hassigned multipleMemorandaof Understandingwithkey partners,targetingover N500billioninprivatesector-ledinvestmentsand significantinfrastructure deploymentsacross underservedcommunities.

REA'smanagingdirector, AbbaAliyu,saidthat MOUssignedbytheagency arenotceremonial paperworkbutpractical roadmapsfordelivering measurableresults.

Healsoenumeratedsomeof

NERCattributedthe improvedremittanceto tighterregulatoryoversight, tariffadjustmentsunderthe service-basedtariffregime, aswellastheenforcement ofthepartialactivationof contractsframeworkinthe sector

(Reports Sweet Crude, July 27, 2025) challenges.

Discosraiseremittancerateto 95.86%despiterevenuechallenges

theMOUoutcomes, includingthedeploymentof foursmartpolicestationsin collaborationwiththe PoliceTrustFund,the deliveryofarenewable energytestingand simulationcentrewith Chinesetechgiant,Huawei, andthemobilizationof N100billionprivatesector debtfundingviaFirstCity MonumentBankfor renewableenergyservice companies,

(Punch, July 29, 225)

TheNigerianElectricity ManagementServices Agency(NEMSA)andthe NigerianIndependent SystemOperator(NISO) haveunveiledajointaction plantostrengthensafety protocols,enforcetechnical standards,andimprove meteringaccuracyinthe powersector

Bothagencieshave establishedajointtechnical teamofexpertsfromeach organization.Theteamwill focusonmetering infrastructure,regulatory compliance,electrical inspectorateservices, integrationofrenewable energy,aswellasfinancial andlogisticalcoordination.

Akeycomponentofthe planistheimmediate

recertificationand standardizationofgridconnectedmeteringsystems nationwide,aneffortboth agenciessayisessentialto improvingtransparency, energyaccountability,and reliabilityinpowerdelivery Themoveisexpectedto enhancereal-timegrid monitoring,reduceenergy losses,andfostergreater confidenceamongindustry operatorsandconsumers alike.

(Punch, July 28, 2025)

FG,AfDBpartnerSaglev onEVmanufacturing

SaglevElectromobility CompanyLimitedhas emphasizeditsprogressin greenindustrialization, localmanufacturing,and innovationinNigeria's automotivesectoraheadof officialvisitsfromthe FederalGovernmentand theAfricanDevelopment Bank.

Theelectricvehicle manufacturer,ina statement,saiditsEV assemblyand manufacturingfacility locatedinImota,Lagos, willhosttwohigh-level visitsthisweekfromthe MinisterofIndustry,Trade, andInvestment,Dr.Jumoke Oduwole,andthePresident oftheAfricanDevelopment Bank,Dr Akinwumi Adesina.

Saglevdescribedthevisits asvalidationofitsgrowing roleinNigeria'sclean energyfutureandAfrica's widere-mobility transformation.

Theministerisscheduledto

tourthefacilityonJuly30, whileAdesinawillvisiton July31,toassessthe progressSaglevhasmadein advancingsustainable industrialdevelopmentand climate-resilienttransport infrastructureintheregion.

Saglev,whichdescribes itselfasNigeria'spioneer indigenousEVassembler andmanufacturer,currently produces16electricvehicle models,rangingfromridehailingcarsandstatus sedanstomid-sized deliveryvans,BRTbuses andutilitytrucks.

(Punch, July 29, 2025)

OsunStatepassesbill toestablishelectricityregulatory commission

OsunStateGovernor AdemolaAdelekehas describedthepassageinto lawofthestateelectricity billasamajortoolto deepenandboostthe economyofthestate.

Inarecentlegislative action,theOsunState HouseofAssemblypassed abilltoestablishan electricityregulatory commissionforthestate. Thebill,tagged'OsunState

APMbeginsrenewableenergy transitionplan

APMTerminals(APMT)

Apapahasannounceda one-yearroadmaptowards itstransitionfromreliance ondieselasafuelsourceto gasandeventuallytosolar andbattery-powered solutions.

Accordingtotheterminal manageratAPMT,Steen Knudsen,“asacompany, weacknowledgethat transitionisnotan overnightjourney,andso wehavedesigneda roadmaponhowwemove fromthecurrentstatetothe futurestatewhereour operationsarefully decarbonized.

“Inthenextsixto12 months,wewillfurther decarbonizeouroperations throughanonsitesolar solution,whichwillfurther displaceourconsumption byupto30percentand increaseourself-generation capabilities.”

Hefurtherexplainedthat theterminalhascurrently commissionedtwonew CNGgeneratorsof4megawattcapacity,whichis shiftingAPMT'sreliance fromdieseltogasasafuel sourceforpower generation.Knudsenalso notedthatthecompany's actionresonateswiththe Nigeriangovernment's commitmenttowardsusing gasforpowergeneration.

(Punch, July 29, 2025)

ElectricityMarket RegulatoryBill2025,'was passedafteritsthirdreading duringplenaryinOsogbo. opportunities.

Reactingtothepassageof theexecutivebill,the governor,inastatement issuedbyhisspokesperson, OlawaleRasheed,saidthe billwillopenwindowsof opportunitiesforinvestors inthepowersector, includingalotofoffgrid electricitygeneration

(Premium Times, July 29, 2025)

LagospartnersSiemens onwaste-to-energyprojects

TheLagosstategovernment ispartneringwithglobal technologyfirmSiemens Grouptoboostitswaste-toenergyinitiativesand improvepowergeneration throughsustainablewaste management.

Thiswasdisclosedduringa recentmeetingheldin Alausabetweentopofficials oftheLagosState governmentandSiemens representatives.

TheLagosState commissionerfor environmentandwater resources,TokunboWahab, revealedthatLagos generatesbetween13,000 and14,000tonnesof municipalsolidwastedaily, notingthatthestateis activelyexploring innovativewaystoconvert wasteintousableenergy

Hefurtherexplainedthata portionofthewasteis alreadycommittedto energyconversionprojects

Hiswords:“Wehave committedabout4,000 tonnesofwastetowealth programmes,1,500tonnes toaDutchcompany,while asubstantialamountalso goestoLafargetopower theirplants.”Despitethis, henotedthatasignificant volumeofwasteremains underutilized.

(The Nation, July 29, 2025)

NNPCdrillsfouroilwells inBauchi

AdirectorattheNigerian NationalPetroleum Company(NNPC)Limited, YusufUsman,hassaidthe companyhasdrilledfouroil wellsintheKolmaniareaof BauchiState.

Usmanalsohighlighted someoftheachievements ofthecompanyunderthe Tinubu-ledadministration thatbenefitedthenorthand otherpartsofthecountry

Accordingtohim,“sofar, NNPChasdrilledfourwells intheKolmaniareaof BauchiStateandis currentlyevaluatingthe appropriatetechnologyto bedeployedforthenext phaseofdrilling operations.”Headded furtherthat“insupportof PresidentTinubu's CompressedNaturalGas (CNG)Initiative,fiveCNG andLiquefiedNaturalGas

UNIBENwinselectric vehiclepromotioncontest

TheFederalGovernment saiditistargetingthe adoptionofzeroemissions inthetransportationsector throughtheNational AutomotiveDesignand DevelopmentCouncil (NADDC)“8-Seater ElectricCampusShuttle Competition.”

TheUniversityofBenin (UNIBEN)emergedasthe winnerofthecompetition, whichtookplaceatthe InnovationHubofthe UniversityofLagos,Akoka, featuring12universities

acrossthesixgeopolitical zonesofthecountry.

Speakingattheevent,the director-generalof NADDC,Oluwemimo Osanipin,notedthatthe competitionwasgeared towardspromotingzeroemissiontransportationand supportingNigeria's transitiontoagreen-energy automobileindustry Theinitiativeaimsto promotethedesignand eventualmanufacturingof electricvehiclesinNigeria.

(Punch, July 30, 2025)

(LNG)plantsareunder constructioninKogi.” Theseplants,hesaid,are expectedtoenhancegas supplyandaccessibility acrossthenorthernregion ofthecountry

(Punch, July 30, 2025)

FGattractsover$791CNG investmentsintwomonths

Nigeria'sdrivetodeepen theadoptionofcompressed naturalgas(CNG)asan alternativetransportfuel hastakenafurtherstep, withthefederalgovernment attractingover$791.49 millionininvestments betweenMayandJune 2025.

Onabroaderscale,the countryhasalsorampedup itspushforcompressed naturalgasadoptioninthe transportsector,mobilizing over$980millionin investmentsanddeploying morethan100,000CNG kitswithin12monthsas partofthePresidential CNGInitiative.

Thisisaccordingtodata

obtainedfromthe PresidentialInitiativeon CompressedNaturalGas, whichalsorevealedthat over1,440vehicleshaveso farbeenconvertedacross 20states,with807CNGpoweredbusesandover 5,000tricyclesprocuredto deepencleanenergy adoptionandreduce transportationcosts.

(Punch, July 31, 2025)

Oandounveilsplansfor 1.2gwsolarplant

OandoPLChasannounced progressonthe developmentofa1.2gigawattsolarPVmodule assemblyplant,according toitsunauditedQ12025 results.

Thecompanysaidlandhad beensecuredandfinancial modellingcompletedforthe project.

OandoCleanEnergyand theRuralElectrification Agency(REA)hadearlier signedaMemorandumof Understandingforthe groundbreakingofthe1.2

gigawattsolarproject. PresidentandCEOof OandoCleanEnergy, DemolaOgunbanjo, emphasizedtheproject's impact,saying,“thisis Africa'sfirstsolarmodule assemblyplantwitha recyclinglinethatwillsee oldanddysfunctionalsolar panelsrecycledintoraw materialsforvarious purposes.”

Oandosaysitscleanenergy initiativeispartofbroader efforts,whichalsosawthe companyachieve53,941

AfDBcommits$1.2mntosupport Nigeria'sgridsustainabilityproject

TheAfricanDevelopment Bank(AfDB)hassaidit committed$1.2millionin grantstosupporta feasibilitystudyonBattery EnergyStorageSystems (BESS)inNigeria.

AfDB'sdirector-general, Nigeriacountrydepartment, AbdulKamara,disclosed thiswhilespeakingatthe recentlyheldinaugural workshopforNigeriaBESS feasibilitystudy,whichwas

organizedinAbujabythe TransmissionCompanyof Nigeria(TCN).

Theproject,hesaid,will assessgridintegration, identifyviablebusinessand regulatorymodelstoattract investment,andbuildthe capacityneededfor ownershipand sustainability (Punch, July 31, 2025).

electricvehicleridesinQ1 and42,779kgofCO emissionsavertedthrough twooperationale-buses underitselectricmobility programme.

Themanagingdirector/chief executiveofficerofthe REA,AbbaAliyu,saidthat “thiscollaborationisa game-changer,notjustin expandingaccessto electricitybutinpositioning Nigeriaasarenewable energyhub.”

(Punch, July 31, 2025)

Nigerianstoownsharesin DangoteRefinery

PresidentoftheDangote Group,AlhajiAliko Dangote,hassaidthat Nigerianswillsoonbecome shareholdersinhis$20 billionrefinerysituatedin Lekki,LagosState.

Dangotestatedthisrecently attheGlobalCommodity InsightsConferenceon WestAfricanRefinedFuel Markets,hostedinAbujaby theNigerianMidstreamand DownstreamPetroleum

RegulatoryAuthority (NMDPRA)inpartnership withS&PGlobalInsights.

Accordingtothebusiness mogul,therefinerywould soonbelistedtogive Nigerianstheopportunityto buyshares,addingthatthe refineryisreadytopartner withgovernments,private investorsandinstitutions.

(Punch, July 31, 2025)

Seplatrevives29dormantoilwells

SeplatEnergyhas announcedtherestoration of29idleoilwellsaspart ofitsoffshoreproject activityinthefirsthalfof 2025,addingapproximately 25,900barrelsperdayof grossproductioncapacity

Thecompanysaidit recordedanaverage productionof134,492 barrelsofoilequivalentper day,up178percentfrom 48,407boepdinthesame periodof2024,andabove

themidpointofits2025 guidanceof120,000to 140,000boepd.Italso disclosedthatoffshore productioncontributionwas stronginthefirsthalfofthe yearat79,660boepd,which wasmadeupof86percent crudeandcondensate,5per centNGLand9percent gas.Its“2Q2025 productionincreased11% QoQ.”

Seplatfurtherreported

FGeyesN796bnannuallyfrom 5%petrolsurcharge

Thefederalgovernment mayrakeinN796billion annuallyfromthe introductionofafiveper centsurchargeonlocally producedandimported petrol,basedonitsnewtax policyslatedtotakeeffect fromJanuary1,2026.

Thefivepercentsurcharge onrefinedpetroleum productsiscontainedin NigeriaTaxAdministration Act,oneoffourtaxreform billssignedintolawby PresidentBolaTinubuon June26,2025.However, consumershaveopposed themove,stressingthatthe governmenthadearlier removedfuelsubsidiesand nowplotstoimposeafive percentsurchargeonfuel,

withoutconsideringthe harsheconomicrealities nationwide.

Thesurchargeformspartof governmenteffortstoshore upnon-oilrevenuesand promotefiscalsustainability amidmountingpublicdebt andsubsidy-relatedcosts. Thepolicytargetsfossil fuelproductsprovidedor producedinNigeria.

(Punch, July 31, 2025)

onshoreproduction contributionof54,831 boepd,whichwas13per centhigherthanthefirst halfof2024.Intheprocess, thecompanyachievedmore than15.3millionmanhours withoutlosttimeinjuryon itsoperatedassets.

(Punch, July 31, 2025)

Nigeriatointegratesolar,wind energyintonationalgrid

TheNigerianElectricity SupplyIndustry(NESI)is settointegraterenewables intothecountry'snational powergrid,beginningwith afeasibilitystudyintothe BatteryEnergyStorage System(BESS),a technologywhichstores electricityinbatteriesfor futureuse.

SpeakinginAbujaatthe inceptionworkshopfor BESS,theministerof power,ChiefAdebayo Adelabu,saidtheevent signaledNigeria'sresolveto adoptinnovative,climatesmart,andforwardlooking energysolutions.The feasibilitystudy,hesaid, wasnotjustatechnical exercise,butastrategicstep toward“future-proofing” thecountry'spower infrastructure.

Adelabu,whowas representedbyatopofficial oftheministry,Engr.Bem

Ayangeaor,notedthatkey challengespersist, particularlytheissuesof powerintermittency,limited deploymentofrenewables, gridinstability,and underutilizedenergy generation.

Withtheincreasing penetrationofsolarand windenergyintheenergy mix,Adelabustatedthat Nigeriamustnowaddress thecriticalchallengeof energystorage,suchas storingelectricitywhen generationexceedsdemand anddispatchingitwhen neededtomaintainbalance andreliability.

(ThisDay, July 31,2025)

Priceof5kgcookinggas increasestoN8,324

TheNationalBureauof Statistics(NBS)has reportedanincreaseinthe averagepricesofcooking gasandkeroseneacross Nigeriaforthemonthof June2025.

Thiswasrevealedinthe NBS“CookingGasPrice

Watch”reportforthe month,whichsaidthatthe averagepriceof5kgof cookinggasroseby1.92 percenttoN8,323.95,up fromN8,167.43inMay.On ayear-on-yearbasis,this marksa19.49percent increasefromN6,966.03in

Nigeria'spowerplantsshow signsofrecovery

Nigeria'selectricity generationplantsshowed signsofrecoveryinthefirst quarterof2025,averaging 4,336.39megawatts,the highestquarterlygeneration recordedinoverayear

ThisisaccordingtotheQ1 2025reportoftheNigerian ElectricityRegulatory Commission(NERC), whichrevealedatotal generationof 9,343.15GWh,a6.58% increasefromQ42024. Thismarksamodestbut notableimprovementamid longstandinggeneration bottlenecks.

“Thereboundingeneration iscommendable,”NERC stated,furtherconfirming thatoutofthe26gridconnectedpowerplants,17 werefullyoperational

duringthequarter

(SweetCrude Reports, July 31, 2025)

June2024.

DeltaStaterecordedthe highestaveragepriceat N9,243.38,whileOyohad thelowestatN7,100.00.

“Regionally,theSouthSouthzonehadthehighest averagepriceatN8,871.63, andtheSouth-Westthe lowestatN7,960.42,”the reportrevealed.Similarly, theaveragepriceof12.5kg ofcookinggasincreasedby 1.46percenttoN21,010.56 inJune,comparedto N20,709.11inMay, representinga33.52per centyear-on-yearrisefrom

Delta,CrossRiver,and Riversrecordedthehighest prices,whileYobe,Niger, andJigawahadthelowest. N15,736.27inJune2024.

(NAN, July 31, 2025)