SEPTEMBER EnergySummariesisnotanewspaperortabloid,butamajorvoluntarycommunicationprojectofFleissen & Company, which is dedicated to harnessing and disseminating vital information about major developmentswithintheenergyindustryonamonthlybasis.
Thisperiodiccompilationispurelyforinformationandknowledgepurposes,anditscontentshouldnotin anywaybemistakenforfinancial,investmentortransactionadvice.
ProfessionalguidanceandexpertviewsMUSTalwaysbesoughtwhencommercialdecisionsorbusiness choicesaretobemade.
Fleissen&Companyisaleadingenergyinfrastructureadvisoryfirmthatdeliversintegratedtechnicalandstrategicsolutionsacrossthe oilandgas,power,andbroaderenergysectors.Thefirmcombinesdeepengineeringexpertisewithregulatoryinsighttosupportclients inaddressingcomplexoperationalchallenges,enhancingsustainability,andunlockingvalueacrosstheenergyvaluechain.
Fleissenspecialisesinhydrocarbonmeasurement,gasutilisation,emissionsaccounting,andpetrochemicaldownstreamopportunity assessments.ThecompanyispivotalinadvancingNigeria’senergytransitionbysupportingflaregascommercialisation,compressed naturalgas(CNG)adoption,andgreenhousegas(GHG)reductioninitiatives.
Inadditiontoitstechnicaladvisorywork,Fleissen&Companyhastwodedicatedsubsidiaries:FleissenEventsLtd,whichleadsits industryconvenings,andFleissenEnergyLtd,whichfocusesonprojectdevelopmentandenergysolutions.ThroughFleissenEvents Ltd,thefirmisarecognisedconvenerofhigh-impactindustrydialogues,includingtheNigeriaHydrocarbonMeasurementConference (NiHMEC)andtheGasSafetyConference(GSC),whichbringtogetherregulators,operators,andglobalexpertstodriveinnovation, policyalignment,andoperationalexcellenceintheenergysector
EXECUTIVEBRIEF 1. Macroeconomic&InstitutionalSignals The energy sector witnessed a month defined by bold regulatory strides, ambitious infrastructure rollouts, and renewed investor alignment with Nigeria’s long-term energy ambitions.Asignificant highlight is the continuedprioritizationofgasasatransitionfuel,withsynchronizedmovesacrossmidstreaminfrastructure, CNGadoption,andLNGexportcapacityexpansion. Thefederalgovernmenthasreaffirmeditsreformistposturethrough:
• Theapprovalof₦68.7billionforpublicsectorelectrificationprojects;
• TransferofregulatoryoversightfromNERCtoNasarawaStateundertheElectricityAct2023;
• The launch of the ₦100 billion National Public Sector Solarisation Initiative (NPSSI), targeting dieseldisplacementinschoolsandhospitals;
• The strategic commissioning of Nigeria’s first 40,000cbm LPG vessel, MT Iyaloja, by President Tinubu.
2. Refining&Petrochemicals
• Dangote Refinery took critical financial and leadership steps: securing a $4 billion refinancing packageledbyAfreximbankandappointingOman’sDavidBirdasCEOoffuelsandpetrochemicals todriveoperationalefficiencyandfull-scaleoutput.
• The federal government licensed a new 450,000 bpd refinery in Ogun State, setting the stage for Dangote’sfirstdomesticcompetition.
• AbiaStatereaffirmedcommitmenttoits10,000bpdmodularrefinerywithintheAbiaIndustrialand InnovationPark.
3. UpstreamProduction&Licensing
• Nigeria’s crude oil output rose to 1.71 million bpd in July — the highest in six months — and surpasseditsOPECquotaof1.5millionbpdforthethirdtimein2025.
• TheNigeria–MoroccoGasPipelinemovedclosertoexecution,withthefirst$6bnphaselaunched.
• RenaissanceEnergyreporteda40%productionsurgeandistargeting300,000bpdoutputbyJanuary 2026.
• NUPRCconfirmedplanstolicense220oilblocks,whileNigeriasetanew2026productiontargetof 2.5millionbpd.
• Nigeria’sFrontierExplorationFundyielded₦478.2billioninthefirstsevenmonthsof2025.
• Notably,Petrobrasconfirmeditsre-entryintoNigeria,andVaalcoEnergymovedtoacquireOML 145.
• MSMGroupboostedreservesatOPL98by126millionbarrels,whileHeirsEnergiesaimstodouble oiloutputby2030.
4. GasMarketMaturity&StrategicInfrastructure
• Gasproductionreached1.37TcfinH12025,withover91%utilized.
• NNPC and NLNG signed six GSAs totaling 1.3 Bscf/d, while additional contracts secured 1.29 Bscf/dfor20years.
• The113kmOB3pipelinesectionwasinaugurated,nowtransporting300Mmscfd.
• Nigeria advanced a cross-border pipeline to Equatorial Guinea and reaffirmed commitment to the GasInvestmentForum(Oct2025).
• AradelsignedafreshsupplydealwithNLNG;SavannahEnergyannouncedanewdrillingcampaign forUquo.
• CNG adoption surged with 100,000 conversions, ₦980bn investments, and expansion into 20+ states.
5. CleanEnergy&SolarAcceleration
• Nigeriaimported1,721MWofsolarpanels,surpassingEgypttobecomethesecond-largestAfrican marketbehindSouthAfrica.
• TheNPSSIinitiative,worth₦100billion,aimstosolarizepublicbuildings;discussionsareongoing tointegratemilitaryformations.
• Qoraylaunchedlocally-mademonocrystallinepanels,whileYABATECHsecureda€117,000grant forasolaraquaponicsfoodsecurityproject.
• StatesincludingDelta,Abia,Jigawa,andEnugusignedMoUsorcommissionedmini-gridandoffgridsolarprojectstobridgeaccessgaps.
6. StrategicPartnerships&FDI • NEITI applauded $6 billion in recent FDI, including investments by Shell,TotalEnergies, Seplat, Oando,andRenaissance.
• PTDF and NNPC signed an MoU to advance R&D and innovation in both petroleum and renewables.
• Nigeriasecureda$190millionJICAloantoscalerenewableenergysolutionsandgridexpansion.
• Elektronlauncheda₦200billionbondprogrammeforindependentpowerprojects.
7. State&SubnationalEnergyInitiatives • Enugu State commissioned 5 modern CNG bus terminals and launched 100 CNG buses with Nigeria’slongestpedestrianskybridge.
• DeltaandAbiaStatescommittedtooff-gridelectrificationandmini-gridsystemsundertheDARES programmeandpartnershipswiththeREAandISA.
• Jigawaunveileda₦1.2billionhybridmini-gridpoweringKafinHausa.
8. LocalIndustry&DownstreamDevelopments
• Nigeriansspent₦1.3trilliononpetrolinJune,highlightingpersistentoverdependenceonPMSamid gridunreliability
• RainoilexpandeditsLPGfootprintto210retailoutletsunderthe“Roadto400”campaign.
• TetracoreandDangotedeepenedtheirCNGlogisticspartnership,deploying4,000trucks;Tetracore launchedanewOgunStatestationandexpandeddailycapacityto6.2MMscf.
9. Regulatory&GovernanceHighlights
• NERCappointedanewactingchairmanandcommissionersforfinanceandconsumeraffairs.
• 21 new upstream regulations were gazetted, covering flaring, methane, host communities, decommissioning,andsafety.
• Nigeria will implement real-time cargo tracking for crude shipments under NUPRC’s Advanced CargoDeclarationSystem.
• IPMAN, NMDPRA, and others enforced a new 45,000-litre maximum loading rule for tankers to improveroadsafety
Conclusion
September’s developments point to a decisive acceleration in Nigeria’s multi-pronged energy strategy.A convergence of upstream reforms, renewable investments, gas monetization, and state-level initiatives is shapingamoreresilient,decentralized,andcleanerenergylandscape.Asinvestorappetitebuilds,sustaining policyconsistency,acceleratingprojectdelivery,andcurbingoperationalleakageswillremainparamount.
FECapproves₦68.7bn forpowerprojects TheFederalExecutive Council(FEC)has approvedN68.7billionfor keyelectricityprojectsin universitiesandteaching hospitalsacrossNigeria,the ministerofpower,Adebayo Adelabu,hassaid.
Theuniversityprojects involveengineering, procurement,and constructionunderthe EnergizingEducation Programme,ledbythe RuralElectrification Agency Adelabusaidthe projectsreflectthe
government'sresolveto ensureasteadyelectricity supplyinvitalsectors,such ashealthandeducation.
Completedprojectsinclude theUniversityofAbuja,the UniversityofNigeria (12MWsolar),Usmanu DanfodiyoUniversity, Sokoto(8MW),the NigerianDefenceAcademy (2.6MW),andtheFederal UniversityofAgriculture, Makurdi,whichalsoutilizes solarpower
(NAN, August 1, 2025)
Fueltankerstostoploadingbeyond 45,000litersfromOctober1 TheWesternZoneofthe IndependentPetroleum MarketersAssociationof Nigeria(IPMAN)says tankerswillnolongerload morethan45,000litresof theproductfromOctober1. Chairmanofthezone,Chief OyewoleAkanni,disclosed thisinarecentinterview withtheNewsAgencyof Nigeria(NAN).
Akannistatedthatthe measurewasadoptedina jointmeetinginvolving IPMAN,thegovernment andotherstakeholdersin ordertoreducethecasesof petroleumtankeraccidents. Thestakeholders,hesaid, arethePetroleumTanker Drivers(PTD),Nigerian AssociationofRoad
DangoteRefineryappointsOman's DavidBird asCEO TheDangoteGrouphas namedindustryveteran DavidBirdaschief executiveofficerofitsfuels andpetrochemicals division,markingapivotal leadershipmoveasthe Nigerianconglomerate pushestoaccelerateits expansionacrossAfrica.
Bird,formerlytheheadof Oman'sDuqmRefineryand instrumentalinthe developmentoftheDuqm refinery,assumedhisnew roleeffectiveJuly2025.His appointmentcomesas Dangote's$20billion refinerycomplexinLagos, theworld'slargestsingletrainrefinery,continuesto rampupproductionsince commissioninginJanuary 2024.
Birdbringstothetablea
strategictrading-led mindset,feedstock diversificationexpertise, andanemphasisonrefinery efficiency,allofwhichwill becrucialasthe650,000 barrels-per-dayfacility attemptstoresolve technicalissuesandachieve fulloutput.
(Energy Times, August 1, 2025)
TransportOwners (NARTO),theNigerian MidstreamandDownstream PetroleumRegulatory Authority(NMDPRA),and oilmarketers. causingaccidents.”Akanni furtherstatedthatthe governmenthadalso mandatedalltankersto installsafetycoversthat preventspillageintheevent ofacrash.
Accordingtohim,“before now,sometankerscarried upto90,000or60,000 litres,whichwasdangerous. Thosebigtankersdamage ourroads,asthetrucksare madetocarryfarmorethan theyweredesignedfor,and whenoverloaded,they becomeunstableandfall,
(The Guardian, August 1, 2025)
NERCtransfersregulatory oversighttoNASERC TheNigerianElectricity RegulatoryCommission (NERC)hastransferredthe regulatoryoversightofthe NasarawaStateelectricity markettotheNasarawa StateElectricityRegulatory Commission(NASERC).
Thiswascontainedina statementissuedbyNERC inAbuja.“Incompliance withtheamended ConstitutionoftheFederal RepublicofNigeria (CFRN)andtheElectricity Act2023(Amended),the NigerianElectricity RegulatoryCommission (“NERC”orthe “Commission”)hasissued anordertotransfer regulatoryoversightofthe electricitymarketin NasarawaStatefromthe Commissiontothe NasarawaStateElectricity RegulatoryCommission (NASERC),”thestatement readinpart.
However,theElectricity
Act(EA2023)empowers NERCtoretaintheroleofa centralregulatorwith regulatoryoversightonthe inter-state/international generation,transmission, supply,trading,andsystem operations.TheEAalso mandatesthatanystatethat intendstoestablishand regulateintrastateelectricity marketstodeliveraformal notificationofitsprocesses andrequestNERCto transferregulatoryauthority overelectricityoperations inthestatetotheState Regulator
(The Nation, August 2, 2025)
RainoilGascommissions 10newLPGoutlets RainoilGasLimitedhas expandeditsretailpresence acrossNigeriawiththe launchof10newLiquefied PetroleumGas(LPG)retail outletsinthefirsthalfof 2025.Thisdevelopment alignswiththecompany's strategytoenhance nationwideaccesstoclean,
safe,andaffordablecooking solutions.
Thenewadditionscomprise 630MTLPGplantsand4% MTAdd-onskids, strategicallylocatedacross thesouth-west,south-south, andnorth-centralregionsof thecountry Theyare locatedatAdo-Ekiti,
Afreximbankleadswith$1.35bnas DangoteRefinerysecures$4bn refinancing deal TheAfricanExport-Import Bank(Afreximbank)saysit hassigneda$1.35billion refinancingfacilitywith DangotePetroleum Refinery.
Refinancingisthe replacementofanexisting debtobligationwithanew oneunderadifferentterm andinterestrate.According tothelender,thenewdeal ispartofabroader syndicatedfinancing packageworthabout$4 billionforDangote Refinery,andisexpectedto easeinitialoperationalcosts andstrengthenDangote's balancesheettosupportits growthplans.
BenedictOramah,president andchairmanoftheboard ofdirectorsatAfreximbank,
saidthelandmarkfinancing provesthatAfrica's developmentcanonlybe sustainablyfundedfrom within.Afreximbanksaid the$1.35billionfacility, whichisthelargest contributionamong participatingbanks, highlightsitscommitment tolarge-scaleinfrastructure projectsthatdriveAfrica's industrialization,energy security,andcross-border trade.
(TheCable, August 4, 2025)
Osogbo,Ore,Agbor, Calabar,Ikom,Egba,Benin Bypass,Sakponba,and Irrua.
Thiswaveofexpansion marksanotherstepin Rainoil'sdrivetodeepen LPGinfrastructuretomeet increasingconsumer demandandprovidesafe andconvenientaccessto cookinggas.Spanning multipleregionsand coveringbothruraland urbandemandclusters, thesenewstationssignalthe company'sstrategic
progressunderitsRoadto 400campaigns,abold missiontogrowRainoil's retailnetworkto400 servicestations.Withthe latestadditions,Rainoil nowoperatesover210retail stationsacross27statesin Nigeria.
(SweetCrude Reports, August 4, 2025)
Renaissanceachieves40%oil outputsurgein140days RenaissanceAfricaEnergy hasreportedthe achievementofa40percent boostinoilproductionjust 140daysafteracquiring Shell'sassets,signalinga boldnewdirectionfor Nigeria'soilandgassector
Speakingattheopeningof the2025Societyof PetroleumEngineers' NigeriaAnnual InternationalConference andExhibition(NAICE)in Lagos,RenaissanceCEO, TonyAttah,alsounveileda strategyofdeliberate collaborationwith governmentandindustry stakeholderstoreposition Nigeriaasacontinental energyleader
Representedbychief technicalofficer AbdulrahmanMijinyawa, Attahfurtherexplainedthat themilestoneisatestament tothecompany'sCRISP valuesofCollaboration, Respect,Integrity,Safety, andPerformance,which defineitsbusiness operations.
(SweetCrude Reports, August 5, 2025)
Nigeriagazettes21regulationsto driveupstreamoilinvestments TheFederalGovernment hasgazetted21new regulationsforNigeria'soil andgasupstreamsectorina sweepingmovetounlock investments,streamline operations,andalign industrypracticeswithboth nationalandglobal priorities.
CommissionChief ExecutiveoftheNigerian UpstreamPetroleum RegulatoryCommission (NUPRC),Gbenga Komolafe,madethisknown whiledeliveringagoodwill
addressatthe48thedition oftheSocietyofPetroleum Engineers'NigeriaAnnual InternationalConference andExhibitioninLagos.
Amongtheregulationsare theupstreampetroleum measurementregulations, whichpromotetransparency andaccountabilitythrough technologicaldeployment foraccurateproduction tracking,andthegasflaring, ventingandmethane emissionsregulationsaimed atreducingemissionsand enforcingdecarburization.
$25bnNigeria-MoroccoGas Pipelinenearsconstructionphase The$25billionNigeriaMoroccoAtlanticGas Pipelineprojecthasreached acriticalmilestone followinghigh-level meetingsinRabat. Morocco'sministerof energytransition,Leïla Benali,announcedthe launchofthepipeline'sfirst phase,connectingNadorto Dakhla,representinga$6 billioninvestmentinwhat willbecometheproject's North-Southbackbone.
ThisMoroccansegment marksthetransitionfrom planningtooperational realityforthecontinental megaproject.Before reachingMorocco,the pipelinewillstartinNigeria andrunalongtheAtlantic coastthroughBenin,Togo, Ghana,Côted'Ivoire, Liberia,SierraLeone, Guinea,Guinea-Bissau, Gambia,Senegal,and Mauritania.The infrastructurewilltransport upto30billioncubic metersofgasannually, servingAfricanmarketsand Europeanconsumers
throughconnectionsto existingpipelinenetworks.
Technicalachievements includecompleted feasibilitystudies,finalized environmentalimpact assessmentsfornorthern sections,andtherecent additionofTogo's SOTOGAZasthefinal nationalpartner.The infrastructurewillprovide electricityaccesstoover 500millionAfricans, catalyzeindustrial development,including aluminiumprocessingin Guinea,andpotentially transportgreenhydrogen fromMoroccotoEuropean markets.
(Leadership, August 5, 2025)
Otherkeyregulations includehostcommunity developmentregulations, domesticgasdelivery obligationregulations, upstreampetroleumsafety regulations,and decommissioningand abandonmentregulations. (Punch, August 5, 2025)
Nigeriagrantslicenseforconstruction of450,000bpdrefineryinOgunState Thefederalgovernmentof Nigeriahasapprovedanew licensefortheconstruction ofa450,000-barrel-per-day refineryinOgunState, SouthwestNigeria.
ChairmanandCEOofthe proposedrefinery,Dr. LukmanAkandeBolaji, saidtherefineryissetto becomeNigeria'ssecond largest,behindonlythe DangoteRefinery.Itwillbe builtbyGasolineAssociates InternationalLimited (GAIL)andisexpectedto competewithotherlocal refineries,includingthe megaDangoteRefinery
Bolajisaidthefacilitywill beginoperationswithan initialrefiningcapacityof 100,000barrelsperday, withplansalready underwaytoscaleitupto 450,000barrelsperday.It isexpectedtoproducea rangeofpetroleumproducts suchaspremiummotor spirit(PMS),automotive gasoil(AGO),liquefied petroleumgas(LPG),and jetfuel(ATK).Theproject willalsofeature petrochemicalfacilities.
(Energy in Nigeria, August 5, 2025)
TinubuappointsnewNERCchairman PresidentBolaTinubuhas appointedAbdullahiGarba Ramatasthechairmanand chiefexecutiveofficerof theNigerianElectricity RegulatoryCommission (NERC).
BayoOnanuga,special advisertothepresidenton
informationandStrategy, saidRamat,whoservedas chairmanofUngogolocal governmentarea(LGA)in Kanostatefrom2021to 2024,willassumeofficein anactingcapacityuntilhe isconfirmedbytheSenate. Tinubualsoappointed AbubakarYusufas
RoyalCastleinstalls14.8mw gasplanttoexitnationalgrid RoyalCastleCeramic Companyhasabandoned dependenceonpublic powerinfrastructurefora self-generated14.8 megawatt(MW)gaspower plant.
Undertheleadershipof managingdirectorandchief executiveofficer,QianJin, thecompanypartneredwith ClarkeEnergytodevelop anon-sitegas-firedplant thatnowsuppliesstable, cost-efficient,andcleaner energytopoweritsceramic productionfacilities.The move,Jinsays,wasborn outofnecessity
AccordingtoJin,the decisionwasnotmerely aboutenergyavailability,
butalsoaboutstrategic positioning,notingthat RoyalCastle'sswitchtogas representsabroadereffort tofuture-proofoperations, embracesustainability,and enhancecompetitivenessin aglobalmarketthat increasinglyvaluesecoconsciousproduction.
(The Guardian, August 6, 2025)
commissionerofconsumer affairs,andFouadOlayinka Animashunas commissioneroffinance andmanagementservices forNERC.
Onanugasaidthe appointmentsaresubjectto senateconfirmation. However,“toavoida leadershipvacuuminthe criticalregulatoryagency, thePresidentdirectedthat EngrRamatassumeoffice inactingcapacitypending hisscreeningbytheSenate, asstipulatedbythelaw”.
(The Cable, August 7, 2025)
NUPRC tolicense220oilblocks TheNigerianUpstream PetroleumRegulatory Commission(NUPRC)has saidthatthe220openoil blocksscatteredinvarious onshoreandoffshorebasins acrossthecountrywouldbe handedtoconcessionaires afterperiodicbidrounds andconditionsaremet.
NUPRCdatashowedthat thedeepoffshoreterrain accountsforthehighest numberofunlicensed blocksat59,highlighting thecountry'sunderexploited energywealthinitsmost technicallyadvancedbut capital-intensiveregion. TheBenueTroughfollows with41openblocks,while theChadBasinhosts40.
IntheSokotoBasin,there are28blocksyettobe awarded,andtheBida Basinhas16.Itwas disclosedthateveninmore matureareas,idleblocks persist.Forinstance,the offshoreNigerDelta,often consideredthebackboneof Nigeria'soilproduction history,stillholdsseven
openblocks.Also,the AnambraBasinhas13open blocks,whileeighteach remainunlicensedinthe BeninBasinandthe onshoreNigerDelta.
NUPRCsaidtheunlicensed 220oilblockswerenot abandonedbutwere awaitingconcessionsinline withSection7(t)ofthe PetroleumIndustryAct 2021,whichempowersitto conductperiodiclicensing roundsandawardoilblocks tosuccessfulbidders.
(Punch, August 7, 2025)
IkejaElectricannouncesnew prepaidmeterprices IkejaElectrichasreleased updatedpricesforprepaid meters,whichtookeffect fromAugust6,2025.The revisedratescoverboth single-phaseandthreephasemetertypesandare inclusiveofVAT
Thecompanyannounced that“MBHPowerLtd's one-phasecosts
₦135,987.50, whilethe three-phasecosts
₦226,825.00.TurboEnergy Ltd'sone-phasecosts
Qorayunveilslocally-madesolar panelstoboostNigeria'srenewable energydrive Anenergyfirm,Qoray Mobility&Energies Limited(QMEL),has unveiledanewlineofhighperformance,locally manufacturedsolarpanels underitsflagshipbrand, Imperium.
Themoveissaidtobe aimedataccelerating Nigeria'srenewableenergy transformation. Availablein450Wand 560Wmonocrystalline variants,thepanelsare producedinNigeriathrough partnershipswithlocal manufacturersandcertified byboththeStandards OrganizationofNigeria (SON)andTÜV,ensuring world-classsafetyand performancestandards.
Tosupportbroaderaccess, QMELisintroducing flexiblefinancingoptions, includingdeferredpayment plansforendusersand inventoryfinancingfor distributors,allowingmore Nigerianstoswitchtoclean energywithoutheavy upfrontcosts.Thenew Imperiumsolarpanels,built withadvanced monocrystallinecells,offer superiorenergyefficiency andlong-termreliability
(Punch, August 7, 2025)
₦145,608.75,whilethe three-phasecosts ₦236,903.13.
“AriesElectricLtd'sonephasecosts₦145,125.00, andthethree-phasecosts ₦258,000.00.MojecAsset ManagementCompany Ltd'sone-phasecosts ₦135,718.75,andthethreephasecosts₦226,825.00.”
Italsonotedthattheprices are“validsubjecttometer availability,”addingthatthe changesarepartofitseffort toensurecustomershave
(Punch, August 8, 2025) accesstoup-to-date informationonmeter procurement.
NigerialaunchesN100bnsolar initiativeforpublicbuildings Thefederalgovernmenthas launchedaN100billion solarelectrification programmetopowerpublic sectorinfrastructure, includingschools,hospitals, andgovernmentbuildings withcleanenergy
Theinitiative,knownasthe NationalPublicSector SolarizationInitiative,was officiallylaunchedduringa jointagreementsigning ceremonyinAbujabetween theRuralElectrification Agency,theBudgetOffice oftheFederation,the InfrastructureCorporation ofNigeriaandtheMinistry ofFinanceIncorporated (MOFI).
TheNPSSI,fullyfundedby thefederalgovernmentin itsfirstphase,seeksto replacediesel-powered generatorsacrossNigeria's publicinstitutionswith distributedsolarenergy systems,partofabroader strategytocutcarbon emissionsandreducethe costofpoweringpublic infrastructure
Speakingattheevent,the ManagingDirectorand CEOoftheRural
ElectrificationAgency, AbbaAliyu,describedthe projectasalandmark momentinNigeria'senergy transitionjourney.
HenotedthattheNPSSIis partofabroaderstrategyto positionNigeriaasthe renewableenergyhubof Africa,whilepromoting innovation,local manufacturing,and sustainabilityinenergy infrastructurefinancingin Nigeria.Accordingtohim, theNPSSIwasbornfroma strategicnationalpriorityto powercriticalinfrastructure withclean,reliableenergy whilereducingdiesel dependenceandthecarbon footprintofgovernment operations.
(Punch, August 8, 2025)
IndiaditchesRussianoil forNigeriancrude India'sstaterefinersare turningtoNigeriancrudeto fillsupplygaps,which couldmarkanotableshift inglobalenergyflowsas
RenaissanceEnergyresumes NLNGsupplyafter5years RenaissanceEnergyhas fulfilleditscontractualgas supplyobligationstothe NigeriaLiquefiedNatural Gas(NLNG)Limitedfor thefirsttimeinfiveyears, takingstepstostabilize operationsandexpand productioncapacityacross itsonshoreassets.
ManagingDirectorofthe company,TonyAttah,said theprogressalignswith Nigeria'sbroaderenergy objectives,includingthe 2.06millionbpdoil productiongoal.Hefurther addedthatcollaboration amongoilandgas stakeholderswillstrengthen thesectorandhelpNigeria fullyharnessitsvastoiland gasresources.
Attahreportedthatthe companyhasboostedoil productionbyabout40% overthelastfourmonthsto supporttheFederal Government'stargetof producing2.06million barrelsperday.Headded thatthisproductionboost allowedthecompanyto meetitsNLNGgassupply commitmentsforthefirst timeinfiveyears.
Heaffirmedthatthe milestonedemonstratesthe company'srenewed operationalfocusandits expandedcapacityto deliveronbothcrudeoil andgassupplyobligations.
(African Energy Council, August 8, 2025)
USpoliticalpressurecurbs thecountry'simportsfrom Russia.
Morethantwomillion
barrelsofNigerianoilare expectedtoarriveinIndia betweenSeptemberand October2025,accordingto Reuters.IndianOil Corporation(IOC)recently boughtonemillionbarrels ofAgbamicrudefor Septemberdeliveryina tenderawardedtoglobal
traderTrafigura,while BharatPetroleum CorporationLimited (BPCL)securedadditional Nigeriancargoesthrough spotdeals.
(BusinessDay, August 11, 2025)
ElektronlaunchesN200bn bondissuanceprogramme ElektronFinanceSPV,a fundingvehiclewholly ownedbyElektronEnergy DevelopmentStrategies Limited,whichisaleading energyinfrastructure developmentgroupbasedin Nigeria,hasannouncedthe launchofitsN200billion bondissuanceprogramme andthesuccessful completionofaN4.64 billion15-yearseries1 seniorguaranteedfixedrate infrastructurebond.
Theseries1bond, guaranteedbyInfrastructure CreditGuarantee (InfraCredit),whichisrated “AAA”bybothAgusto& Co.andGlobalCredit RatingCompany(GCR), receivedapprovalfromthe SecuritiesandExchange Commission(SEC).This bondissuancemarks Elektron'sdebutinthe Nigeriandebtcapital
marketsandwaswell receivedbyabroadbaseof institutionalinvestors, reflectingstrongconfidence inElektron'sinfrastructure deliverycapabilities.
Proceedsfromthebondwill bedeployedtowardsthe developmentofthe embeddedindependent PowerProjectbeing developedbyVictoria IslandPowerLimited (VIPL),awhollyowned subsidiaryofElektron PowerInfracom(EPI),a subsidiaryofElektron.
(ThisDay, August 11, 2025)
China,De-Sadalsubmit proofoffundstoconstruct$60bn projectsinNigeria De-SadalNigeriaLimited andChinaLiancai PetroleumInvestment HoldingsLimitedhave announcedplansto commencetheconstruction ofaproposedGasand 4000kmhigh-speedrail projectinNigeria.
ThiswasrevealedinAbuja
whentheDe-SadalNigeria LimitedandChinaLiancai PetroleumInvestment HoldingsLimitedsubmitted $60billionproofoffundsto thesecretarytothe governmentofthe federation(SGF),Sen. GeorgeAkume.TheChief ExecutiveOfficeroftheDeSadalConsortium,Samuel
OildenEnergieseyes67%of Nigeria'sengineoilmarket OildenEnergiesLimited,an indigenousproducerand marketerofbest-in-class lubricantproducts,has rolledoutambitious businessdevelopmentand expansiongoalsaiming, amongothers,tocapture67 percentofthecountry's domesticengineoilmarket by2028.
Thecompanystatedthatthe goalwouldbeachievedby expandingthecapacityof itsexistingmanufacturing plant,locatedinEpe,Lagos State,fromthecurrent 40,000metrictonsper annum(mtpa)to60,000 mtpa.
GroupChairmanofOilden EnergiesLimited,Mr OluwatoniOladiranstated thatAfrica'slubricant
marketwascurrentlyvalued at$4.2billionannually, growingabout3.5percent peryear,withNigeriaalone accountingforover600 millionlitresinannual lubricantconsumption.He furthernotedthat,globally, thetop30lubricant supplierscollectively accountedforover70per centofglobalproduction capacity,andthegoalof Oildenwastotakeits rightfulplaceamongthem.
(ThisDay, August 12, 2025)
Uko,saidthefundwouldbe sourcedfromtheAsian DevelopmentInvestment Bank.
Inhisownwords,“you cannotdevelophigh-speed railwithoutdevelopingthe gasaspectoftheeconomy Asweallknow,wedon't haveenoughgaspresently, sotherawmaterialfor high-speedrailispower Therawmaterialforpower isgas.Therefore,wehave todevelopthegasaspectto beabletoaccessmoregas topowerthehigh-speedrail project.”
Ukofurtherexplainedthat the1,600kilometersthat coverthefourmajorcities ofthecountrywilltake36 monthstobuild.But“we” won'twaituntilthe36th month. Forinstance,he said,“fromLagosto Lokoja,wewillcutacross aboutsixstates,andwhen wegettothesecond,third state,thepeoplefromthe firsttwostateswillstart enjoyingthespeedtrain.”
(The Nation, August 12, 2025)
NUPRCrecords34.7%revenue target,rakesinN5.2trn TheNigerianUpstream PetroleumRegulatory Commission(NUPRC)has announcedaN5.2trillion revenuegeneratedfrom JanuarytoJune2025.This is34.7%oftheN15trillion revenuetargetsetbythe FederalGovernmentforthe Commission.
Thetotalsum,accordingto theCommission,is inclusiveofNNPCJoint Venture&PSCRoyalty receivablesofN1.04trillion fortheperiodofJanuaryto June2025andproject gazellereceiptofN315.93 billionforNovember2024 (receivedinJanuary2025), January,andMarch2025.
Onrecoveriesfrom outstandingobligations,the commissionconfirmed receiptof$459,226inthe
monthunderreviewfrom thecumulativeoutstanding amountof$1.43billion expectedfromcrudeoil liftings,leavingabalanceof $1.435billion.Italsonoted thattherecoveredsumwas partoftherevenue-sharing reconciliationbetween NNPCLandthefederation, overseenbythetechnical sub-committeeofthe alignmentcommitteeonthe reconciliationof indebtedness.
(BusinessDay, August 13, 2025)
Nigeria'soiloutputrisesto 1.559mbpd,highestin2025 Nigeria'soiloutput, excludingcondensate,rose by11percent,year-onyear,YoYto1.559million barrelsperday,bpdinJuly, representingthehighest monthlyproductionlevelin 2025.
TheOrganizationof PetroleumExporting Countries(OPEC)disclosed thisinitsAugust2025 MonthlyOilMarketReport. AccordingtoOPEC,the
nation'scrudeoiloutput increasedby11percent YoYto1.559million barrelsperday(bpd)inJuly 2025from1.386million bpdinthecorresponding periodof2024.
Furthermore,onamonthon-month(MoM)basis,the oiloutputrosemarginally by1.0percentto1.559 millionbpdfrom1.543 millionbpdinJune2025. OPECsaidtheoutputin
Nigeria'sCNGsectorattracts $980mn-investmentsin18months Nigeria'scompressed naturalgas(CNG)sector hasattractedmorethan $980millioninprivate investmentsinjust18 months,withvehicle conversionssurgingfrom 4,000tonearly100,000. Thisisaccordingtothe chiefexecutiveofficerof thePresidentialCompressed NaturalGasInitiative, MichaelOluwagbemi.
Speakingatthelaunchof thePortlandGas Ltd/NASENICNG DaughterStation,Auto ConversionandTraining CentrealongKubwa ExpresswayinAbuja, Oluwagbemidescribedthe CNGprogrammeasthe country's“fastest-growing energysubsector,”fueledby governmentincentivesand privatesectorparticipation. Hesaidthetransitionto CNGofferedmotoristsup to90percentsavingson fuelcosts.
Julywasthehighestin 2025,basedondata obtainedfromsecondary sources.
However,whendata obtainedfromdirect communicationwere considered,OPECnoted thatthenation'soiloutput increasedto1.559million bpdfrom1.307millionbpd. Thisisstillbelowthe budget2025benchmarkof 2.06millionbpd,$75per
Fromjustfivestateswith CNGdispensingand conversionfacilitiesayear agoinNigeria,thenumber hasnowrisento20,with morethan315conversion centresnationwide.He projectedthatbeforethe endof2025,atleast30 statesandtheFederal CapitalTerritorywould haveCNGinfrastructure. Oluwagbemicitedmajor privatesectorinvestments, includingaN720billion outlaybyBUAand NigerianBottlingCompany onCNGtrucksand100 fuelingstations.
(Punch, August 13, 2025)
barrelandN500/$exchange ratebutforthethirdtimein excessofOPEC1.5million bpdquotathisyear
(Vanguard, August 13, 2025)
NNPCL,PTDFpartnertoboost renewableenergyinnovation ThePetroleumTechnology DevelopmentFund(PTDF) andtheNigerianNational PetroleumCompany (NNPC)Limitedhave signedalandmark Memorandumof Understandingtodeepen research,innovationand humancapitaldevelopment inNigeria'spetroleumand renewableenergysectors.
Theagreement,sealed recentlyinAbuja, formalizesastrategic partnershipbetweenPTDF andNNPC'sResearch, TechnologyandInnovation (RTI)subsidiary,aimedat promotingjointworkon emergingtechnologies, sustainableenergy solutions,andenergy security
Theexecutivesecretaryof theFund,GaladimaAminu, describedthepactasa “boldsteptowardsnational progress,”stressingthatit wouldstrengthenthebridge betweenacademia,industry, andgovernment,creatingan ecosystemwhereresearchis effectivelytranslatedinto practicalsolutions.
(Punch, August 14, 2025)
EnuguStateinaugurates5 transportterminals,100CNGbuses EnuguState,Governor PeterMbah,has inauguratedfive ultramoderntransport terminalsinvariouspartsof thestateinlinewithhis integratedblueprintfora modernandmultimodal transportecosystem.
Mbahalsolaunchedthe EnuguStateModern TransportSystemand100 outofthe200compressed naturalgas(CNG)mass transitbusesacquiredbythe administration,aswellas Theyfeaturefoodcourts,
over80modernbusshelters constructedacrossthestate. Theterminals commissionedareHoly GhostTerminal1(Enugu CentralStation1), designatedforinterstate transport;HolyGhost Terminal2(EnuguCentral Station2)forintercity transport;NsukkaTerminal (NsukkaCentralStation); AbakpaNikeTerminal (AbakpaCentralStation), andGarikiTerminal(Gariki CentralStation).
Nigeriatounveilreal-timetracking foroilexportshipments Nigeriaissettointroducea real-timecargotracking systemforitsoilexportsin whatofficialssaywillmark amajorleapforwardin transparency,security,and operationalefficiencyinthe country'supstream petroleumsector
Theannouncementwas madeattheNigerian AssociationofPetroleum Explorationists'(NAPE) 50thanniversarycelebration atEkoHotels&Suites, Lagos,byGbenga Komolafe,commission chiefexecutiveofthe NigerianUpstream PetroleumRegulatory Commission(NUPRC).
Komolafesaidtheinitiative, partofthebroader
AdvancedCargo DeclarationSystem,will provide“end-to-end visibilityofcrudeoil shipmentsfromterminalto destination,”significantly curbingcrudetheft,closing revenueleakages,and boostinginvestor confidence.
(BusinessDay, August 14, 2025)
bankinghalls,motels, shops,CNGrefilling stations,cinemas,and expansivespacescapableof taking500buses,whilethe HolyGhostTerminals1and 2areconnectedbya400meterlongskybridge,said tobethelongestinNigeria. Thebusesfeaturefreewifi andsecurityequipment.
Mbahsaidthelaunchofthe projects,whichdrewhuge crowdsandelicited palpablejoyamongthe residents,wasakeypartof theadministration's integratedfive-terminal
TransportInfrastructure Project,Phase1,inline withhisvisiontogrowthe state'seconomyfrom$4.4 billionto$30billion.
(ThisDay, August 15, 2025)
REA,militarycollaborateon N100bnsolarinitiativeforpublic institutions HeirsEnergiestodoubleoiloutput onAfricagrowthtargets TheChiefExecutiveOfficer oftheRuralElectrification Agency(REA),AbbaAliyu, hasheldaprojectinitiation andplanningmeetingwith thechiefofdefencestaff (CDS),Gen.Christopher Musa,onhowthemilitary cankeyintothenewN100 billionNationalPublic SectorSolarisation Initiative(NPSSI).
Speakingduringthe meeting,Aliyuexplained thattheNPSSIisafederal government–approved programmewithaninitial fundingofN100billion, designedtoreplacediesel generatorsinpublic institutionswithsustainable solarpowersystems, includingschools,hospitals, governmentoffices,and othercriticalfacilities.
Highlightingtherelevance totheArmedForces,Aliyu
notedthatseveralmilitary formationshadalready expressedinterestinsolar interventions,emphasizing theimportanceofadopting aunifiedandstrategic approachtoensure widespreadbenefitsacross themilitaryformations.He furtherexplainedthatfor militaryformationsto participate,aMemorandum ofUnderstanding(MoU) withthemilitaryleadership wouldberequired,stressing thattheinitiativeisapay forservicemodeltoensure long-termsustainability
(ThisDay, August 15, 2025)
PINLrecordszeroinfractions onTNP PipelineInfrastructure NigeriaLimited(PINL)has announcedthatitrecorded zerocasesofpipeline vandalismontheTrans NigerPipeline(TNP)inthe lastonemonth,afeatitsays hasdirectlycontributedto increasednationalcrudeoil productionandrevenue.
Dr AkposMezeh,PINL's
generalmanager, communityandstakeholder relations,saidthe achievementunderscored theeffectivenessof communitycollaboration andfederalsecuritysupport insafeguardingoilandgas assetsalongthecountry's easterncorridor
TheFederalInlandRevenue
NigerianoilproducerHeirs Energiesplanstodouble outputby2030andis lookingtoexpandacross Africa.
This,itplanstoachieve throughadditionaldrilling andupgradesinthenext fiveyears,accordingtoits chiefexecutiveofficer,Osa Igiehon.
Thecompanyhasboosted productionfromitscrown asset,apermitknownasOil MiningLease17thatit purchasedfromShellPlcin 2021,toasmuchas55,000 barrelsadayfromaround
27,000adayearlier
HeirsTargetsareanother exampleofthegrowthof smallerindependentoil companiesinNigeria, whicharerelyingevermore onlocalproducersasbig internationalfirmsexit somefields.Whilefocusing ontheassetsthattheyhave takenoverinthecountry, thesmallerproducersare alsousingtheirexperience tolookforexpansionacross thecontinentandoverseas.
(BusinessDay, August 15, 2025)
Service(FIRS)hadearlier beenquotedassayingthat thefederalgovernmentmet its2025oilandgassector revenuetargetslargelydue topeaceandstabilityin hostcommunities.Media reportsclaimedthatsecurity collaborationshadledtothe swiftarrestofsuspectswho wereattemptingtobreach TNPinBodo,Gokana
LocalGovernmentAreaof RiversState.
(SweetCrude Reports, August 17, 2025)
FGdeductsN256bnforgas infrastructure fund Thefederalgovernment, throughthefederalaccounts allocationcommittee (FAAC),hasdeducteda totalofN256.52billion fromrevenueallocationsto fundgasinfrastructure projectsinthefirsthalfof 2025.
Thiscomesamidstthe government'slatestplanto reviewdeductionsand revenueretentionpractices. Thedeductions,whichare madefortheMidstreamand DownstreamGas InfrastructureFund (MDGIF),fluctuated significantlyfrommonthto month.
Theprojects,spreadacross thesixgeopoliticalzonesof thecountry,formpartof effortstobridgecritical infrastructuregapsinthe gasvaluechain.
In2023,PresidentBola Tinubuappointeda governingcounciltolead theMidstreamand
DownstreamGas InfrastructureFund.The NigerianMidstreamand DownstreamPetroleum RegulatoryAuthority (NMDPRA)managesthe MDGIF,whiletheminister ofstateforpetroleum resources(Gas),Ekperikpe Ekpo,chairsthegoverning councilthatoverseesthe fund'sactivities.
TheaimofMDGIF includesattractingmore than$575billionin investmentstodevelop Nigeria'sgassectorand expandingthemidstream anddownstreamgas infrastructuretocreatea morerobustgasmarketin Nigeria,amongothers.
(Punch, August 17, 2025)
Nigeriatohostglobalgas investorsinLagos Thetwo-dayforum, Nigeriawillplayhostto globalgasinvestorsandtop industryleadersthis October,aspreparations heightenforthe2025 editionoftheGas InvestmentForum.
scheduledforOctober7–8 attheOrientalHotel,Lagos, willbeheadlinedby PresidentBolaTinubu's specialadviseronenergy, OluVerheijen,whois expectedtodeliverthe keynoteaddressandserve
Tinubucommissions 40,000cbmLPGvessel PresidentBolaAhmed Tinubuhascommissioned WAGLEnergyLimited's new40,000cubicmetres, CBM,LiquefiedPetroleum GasvesselchristenedMT Iyaloja,inwhathasbeen describedasabold statementofNigeria'sintent todominateAfrica'sclean energyvalue-chain.
Thecommissioning,which tookplaceinUlsan,South Korea,underscores Nigeria'sexpanding investmentingasasa transitionfuelandits strategytoboostaccessto cleancookingenergyat homewhilestrengthening exportcapacity
Representedatthe commissioningbythe ministerofstatefor petroleumresources(gas), Rt.Hon.EkperikpeEkpo, TinubupraisedWAGL EnergyLimited,NNPC
LimitedandSaharaGroup forpushingtheboundaries ofAfrica'senergy infrastructure.
TheMTIyalojaisadualfuel,fullyrefrigeratedLPG carrierdesignedto strengthenNigeria'senergy logisticsandincrease supplyefficiency Withits addition,WAGLEnergy Limited,ajointventure betweenNNPCLimitedand SaharaGroup,now commandsatotalLPG vesselcapacityof162,000 CBM.
(SweetCrude Reports, August 18, 2025)
aschiefhost,accordingto theeventdirector,Osaze Isesele.
Otherconfirmedspeakers includethecoordinating directorofthedecadeofgas secretariat,EdUbong; executivechairmanofthe AfricanEnergyChamber, NJAyuk;presidentof NigerianGasAssociation, AkachukwuNwokedi;and chairmanofthePetroleum
TechnologyAssociationof Nigeria,WoleOgunsanya.
(Punch, August 18, 2025)
AbiaStatebenefitsfrom $750mnWorldBankrenewable energyprogramme TheAbiaStategovernment hasintensifieditssearchfor alternativesourcesof energytoenhancepower supplyinthestateand minimizerelianceof residentsonthenational gridfortheirelectricity needs.
PrinceOkeyKanu,whois thecommissionerof informationinthestate, statedthiswhileconfirming theparticipationofAbia StateintheDistributed AccesstoRenewable EnergyScale-Up(DARES) programme.Hesaidthatthe $750millionWorldBank interventionandrenewable energydevelopment
programme“willinno smallwayboostthe electricitysectorofthe state.”
Kanufurtherexplainedthat AbiaSatewascollaborating withtheInternationalSolar Alliance(ISA)todevelop regulationsfortheoperation ofthemini-gridsystemfor electricitypower distributionwithinthestate. Accordingtohim,the collaborationwithISA wouldenabletheAbia governmenttoachieveits agendaofbuildingarobust powersector
(ThisDay, August 20, 2025)
Nigeria'sgasproductionhits 1.37tcf
inH12025 Nigeriaproducedabout 1.37trillionstandardcubic feetofnaturalgasbetween JanuaryandJune2025, accordingtodatafromthe NigerianUpstream PetroleumRegulatory Commission(NUPRC). Thereportshowedthatgas
productionaveraged229 billionscfmonthly,with Januaryrecordingthe highestoutputof236.3 billionscf,whileFebruary hadthelowestat199.7 billionscf.
Outofthetotalvolume,
Delta,REApartneronrenewables totackleenergydeficit TheDeltaStategovernment hasmovedtotackleits cripplingpowerdeficit, wheremorethan60per centofcommunitiesremain unconnectedtothenational grid,bysigninga Memorandumof Understanding(MoU)with theRuralElectrification Agency(REA)torollout renewableandoff-grid solutions.
Theagreement,signedata roundtableinAbuja recently,isprojectedto provideelectricityforover 386,000residentsthrough 120,217newconnections, unlock$158minprivate sectorinvestments,and boostthestate'sgross domesticproductto$2.9 billion.DeltaState governor,Sheriff Oborevwori,saidthedeal wascentraltohis administration's“MORE
Agenda”andmedium-term developmentplan (2024–2027).
Thegovernorreaffirmedhis administration's commitmenttorenewable energyasacatalystfor industrialgrowth,rural development,andinclusive opportunities.Henotedthat withmostcommunities underservedbythenational grid,off-gridrenewable optionslikesolarandwind powerprovidehuge opportunitiesforsustainable energyaccess.
(Punch, August 21, 2025)
1.26trillionscfwasutilised, representing91.8percent ofproduction.This comprised408.3billionscf forfielduse,370.7billion scffordomesticsupply,and 481.1billionscfexported.
Gasflaringremaineda challenge,ascompanies burnt101.4billionscf duringthesixmonths, accountingfor7.4percent oftotalproduction.The highestflaringoccurredin
Januaryat18.7billionscf, whileFebruaryrecordedthe lowestat15.9billionscf.
Officialreportsclaimthat thesustainedlevelsof productionhighlight Nigeria'scontinuedreliance ongasforpower generation,industrialuse, andexportearnings,evenas itpushespoliciestocurb flaringandexpanddomestic utilization.
(Punch, August 21, 2025)
Nigeriasets2026oiloutputtarget at2.5mbarrelsdaily TheNigerianUpstream PetroleumRegulatory Commission(NUPRC)has saidthatthecountryison tracktoachieveacrudeoil productiontargetof2.5 millionbarrelsperdayby 2026.
NUPRCchiefexecutive, Mr.GbengaKomolafe,said inAbujaduringthe4th PENGASSANandLabour Summit(PEALS2025)that Nigeria'scurrentoiloutput hadincreasedfrom1.46 millionbarrelsperdayin October2024to1.8million barrelsperday,with momentumbuildingtoward the2026target.
Hecreditedtherecent presidentialexecutive ordersunderthePetroleum IndustryAct(PIA)2021for shorteningcontracting cycles,reducinginvestment risks,andencouraging upstreamprojects. Komolafehighlightedthe
commission'seffortsin deepwaterexploration, reactivationofdormant fields,andadoptionof enhancedrecovery techniques,referencinga recentdeepwatertechnical stakeholderworkshop, whichfocusedonunlocking morethan810,000barrels perdayinnewcrudeoil production.Heoutlineda clusterdevelopment strategyaimedatreducing costs,sharinginfrastructure, andstrengtheninginvestor confidence.
(EnviroNews Nigeria, August 21, 2025)
NNPCinaugurates113kmsection ofOB3gaspipelineproject TheNigerianNational PetroleumCompany (NNPC)Limitedhassaid thatthe113-kilometre portionoftheObiafuObrikom-Oben(OB3)gas pipelineprojecthasbeen inaugurated.
Initslatest“Monthly
ReportSummary”forJuly 2025,thenationaloilfirm saidthepipelineiscurrently transportingaround300 millionstandardcubicfeet ofGasperday(mmscf/d), whichissourcedfrom AshtavinayakHydrocarbon Ltd(250mmscf/d)and Platform,Chorus,and
RenaissanceEnergytargets300,000 bpdoilproductionbyJanuary RenaissanceAfricaEnergy Companyhassaiditison tracktohitaproduction targetof300,000barrelsper day(bpd)byJanuary2026, followingrecentoperational gainsandfacilityupgrades.
Dr.MeshMaichibi,chief productionofficerat Renaissance,disclosedthis recentlyatatwo-day20th AnnualLectureandAward CeremonyoftheNigerian SocietyofEngineers(NSE) inPortHarcourtBranch.
Maichibihighlightedthe company'srapidprogress sinceacquiringassetsfrom ShellPetroleum DevelopmentCompany (SPDC)inMarch,stating thatRenaissancecurrently producesabout230,000bpd andwaspreparingto activatethreeadditional facilitiesbeforetheendof theyeartomeetitstarget.
HeidentifiedBelamaflow stationasoneofthe company'shigh-capacity assets,capableofproducing 25,000bpd,notingthat restartingsuchfacilities alongsideotherwellswould significantlyboostoutput. Accordingtohim, Renaissancehadincreased productionbymorethan 100percentwithinmonths oftakingoveroperations, andwasaddressingsectoral challenges,including disruptionsbynon-state actors.
(MarketForces Africa, August 22, 2025)
XenergiGroup(50 mmscf/d).
(The Cable, August 22, 2025)
NNPC,NLNGsignsix gassupply deals TheNigerianNational PetroleumCompany Limited(NNPC)Limited, NigerianLiquefiedNatural Gas(NLNG)andother JointVenture(JV)partners havesignedagreementsto supply1.3billionstandard cubicfeetperday (mmscf/d)offeedgas.
Thismoveaimstoensure sustainabilityand strengthengassupplyfor ongoingandfuture operations.Thelong-term GasSupplyAgreements (GSAs),withoptionsfor extension,weresignedon FridayattheNNPCTowers inAbujatoboostgassupply toNLNG'sBonnyPlant.
Third-partysuppliers includeShellNigeria ExplorationandProduction Company,SunlinkEnergies andResources, TotalEnergiesE&PNigeria andAmniInternational PetroleumDevelopment Company.Othersuppliers
includeNNPCLimited, FirstExplorationand PetroleumDevelopment CompanyLimitedJV,Shell NigeriaGasSolutions Limited,NNPCGas MarketingLimitedJV; OANDO/NNPCE&PJV andTotalEnergiesE&P NigeriaLimitedJVUbeta.
Speakingonthe agreements,Philip Mshelbila,managing directorandCEOof NLNG,describedthe developmentasastrategic movetostrengthenfeedgas supplytoitsexistingtrains onBonnyIslandand supportthecompany's expansiondrive.
(Peoples Gazette, August 22, 2025)
NigeriaadvancesEquatorial GuineaGasPipelinetoboost regionalenergylinks Nigeriaispressingahead withtheNigeria–Equatorial GuineaGasPipeline,a cross-borderproject designedtotransport strandedNigeriangasto EquatorialGuineafor processingandexport,the ministerofstatefor petroleum(Gas),Ekperikpe Ekpo,hassaid.
Speakingonthefederal government'sachievements inthegassector,Ekpo describedthepipelineasa “strategiccollaboration” thatwouldconnect Nigeria'sgasresourcesto EquatorialGuinea's liquefiednaturalgas(LNG) facilities,openingnew exportchannelsand reinforcingregionalenergy integration.
Theagreement,hesaid, coveredlegislativeand regulatoryframeworksfor thepipeline'sestablishment andoperation,transitof naturalgas,ownership
VaalcoEnergytoacquire Nigeria'sOML145 TheFederalGovernment hasreneweditseffortsto repositionNigeriaasa primeglobaldestinationfor oilandgasinvestments, offeringcompetitive incentivestoattract internationalpartnersback intothesector
MinisterofStatefor PetroleumResources(Oil), SenatorHeineken Lokpobiri,disclosedthisin Abujawhilereceivinga delegationfromVaalco Energy,aU.S.-basedenergy companythathas announcedplanstore-enter Lokpobiristatedthatthe administrationofPresident
theNigerianoilindustry, whileseekingregulatory approvaltoacquire Svenska'sproduction sharingcontract(PSC) interestinOilMiningLease (OML)145aspartofitsreentrystrategy.
structures,andguiding principles.Once operational,theprojectis expectedtogiveNigerian gasproducersaccessto EquatorialGuinea'sPunta Europacomplex,which housesLNG,methanol,and liquefiedpetroleumgas (LPG)exportfacilities.
Theinitiativealignswith Nigeria'sbroadergas developmentstrategy, whichseekstocurbflaring, expanddomesticuseof LPGandcompressed naturalgas(CNG),while strengtheningthecountry's roleasareliablesupplierto internationalmarkets.
(BusinessDay, August 22, 2025)
BolaAhmedTinubuis committedtoimproving Nigeria'sbusinessclimate, especiallyforcompanies thatpreviouslyexitedthe country.
(Vanguard, August 22, 2025)
Nigeriasecures$190mnrenewable energyloanfromJICA Nigeriahasreaffirmedits commitmenttodeepening strategicallianceswith Japanandother internationalpartnersduring therecentlyconcluded NinthTokyoInternational ConferenceonAfrican DevelopmentinYokohama, Japan.
TheNigeriandelegation, ledbyPresidentBola Tinubu,participatedin high-levelengagementsthat prioritisedpower, infrastructure,andindustrial transformationascritical leversforsustainable development.TheMinister ofPower,Adebayo Adelabu,whowaspartof thenationaldelegation,held high-levelengagements withJapanesestakeholders, includingToshiba,Hitachi, Japan'sTransmission& DistributionandEnergy ExchangeCorporations. Theseengagementsfocused ontransmission infrastructure,operational efficiency,andstrategiesto reducesystemlosses.
AdelabuTannouncedthat
Nigeriaisadvancinga$190 millionrenewableenergy loanfacilitysupportedby theJapanInternational CooperationAgency, designedtoscaledistributed renewableenergysolutions acrossunderserved communities.“
Thestatementfurtherstated that“theseengagements builtontherecentFederal ExecutiveCouncil approvalsforcounterpart fundingof ₦19,083,192,805.30to catalyzealoanfundingof $238millionfromJICA. Thisloanfundingwill supporttheexpansionofthe nationalgridwiththe additionof102.95 kilometersofnew330kV doublecircuit(DC)line, 104.59kilometersofnew 132kVdoublecircuit(DC) line,four330/132/33kV substations,two132/33kv substations,two330kVline baysextension,two132kV linebaysextension,andone 132kVsubstation.”
(Punch, August 23, 2025)
NNPCrecordsN478bninflowfrom frontierexplorationfunds,otherfees TheNigerianNational PetroleumCompany (NNPC)Limitedhas recordedasignificant inflowofN478.2billion
fromits30percentfrontier explorationfunds(FEF)and managementfeesinthefirst sevenmonthsof2025, accordingtoapresentation
NigeriaLNGsecures20-year contracttodelivernaturalgas NigeriaLNG(NLNG)has signedagreementswith NNPCLimitedandseveral oilcompaniestodeliver 1.29billionstandardcubic feetofgasperday(bcf/d) for20yearsinsupportofits liquefactionplantsand expansionprojects, accordingtoareport quotingReuters.
Thecontracts,which includeoptionsfor extension,involvepartners suchasShellNigeria, OandoGroup,Aradel Holdings,andFirstE&P Theyareaimedat addressingpersistent upstreamgassupplygaps whiledrivingNigeria's
energytransitionand industrializationgoals.The gasvolumeswillberamped upprogressivelytofeedthe $10billionTrain-7project onBonnyIslandinRivers State,whichiscurrently 80%complete.
NLNGisNigeria'sflagship liquefiednaturalgas companyandoneof Africa'slargestgas producers.Itisajoint ventureco-ownedbyNNPC Limited(49%),ShellGas (25.6%),TotalEnergies (15%),andEni(10.4%).
(Egypt Oil & Gas Group, August 24, 2025)
madebythenationaloil companytothefederation accountsallocation committee(FAAC)recently
Thepresentationshowed thattheoilcompanyearned N239.1billionfromits frontierexplorationfund withintheperiod,whilean additionalN239.1billion wasrealizedas managementfees.Both revenuestreamsaredirectly tiedtoNigeria'sproduction sharingcontract(PSC) arrangementsinaccordance withsection9(4)ofthe PetroleumIndustryAct (PIA).
AccordingtotheAct, “Thereshallbemaintained
aFrontierExplorationFund whichshallbe30percent ofNNPCLimited'sprofit oilandprofitgasasinthe productionsharing,profit sharingandriskservice contracts.”
Inthesamevein,insection 64(c),thePIAprovidesfor NNPC'sroleinliftingand sellingprofitoilandgason behalfoftheFederation.It reads:“NNPCLimitedshall promptlyremittheproceeds ofthesalesoftheprofitoil andprofitgastothe Federation,lessits30per centformanagementfees.”
(The Street Journal, August 25, 2025)
YABATECHsecures €117,000solar-powergrant forfoodsecurityresearch YabaCollegeof Technology,Lagoshas securedaresearchgrantof €117,000(overN200 million)fromtheEuropean Union'sHorizonEurope programmetodrive innovationinfoodsecurity
Theproject,titled “IntegratedAquaponics SystemforSustainable CatfishProductionandDual CropCultivationofLeafy VegetablesandCorn,”seeks topilotasolar-powered aquaponicssystemthat combinescatfishfarming withvegetableandmaize cultivation.Theinitiativeis ledbythecollege'sdirector ofresearchsupportand grantsmanagement,Dr FunmilayoDoherty,in collaborationwiththe YabatechAgricCooperative Society
AccordingtoDoherty,the projectwillestablishalocal innovationhubinLagosto test,adapt,andreplicatethe system,creatingpathways forsustainableagriculture
andcommunity-basedfood resilience.“Thepilot schemewillshowhow renewableenergyand integratedfarmingcan reducecosts,boost productivity,andstrengthen householdnutrition.
Participantswillbethefirst grouptoengagewiththe model,whichisdesignedto bescaledacross communitiesinNigeriaand WestAfrica,”shesaid.
Dohertynotedthatthe projectenjoystechnical collaborationfrom researchersatthe UniversityofLagos,the UniversityofTurku (Finland),andthe UniversityofLapland (Finland).
(Punch, August 26, 2025)
Tetracore,Dangoteexpand gaspartnershipwith4,000-truck deployment
AspartofDangote Cement'srecentdeployment of4,000CNG-powered trucks,TetracoreEnergy Groupissupplyingautogas
totheseCNG-powered trucks,supporting transportationrightfromthe seaportandalsofuelingat otherTetracoreCNG
PetrobrasreturnstoNigeria PresidentBolaTinubuon Mondaywelcomed Petrobras'simminentreturn toNigeria,fiveyearsafter Brazil'sstate-ownedoil companyhalteditsjoint ventureoperationsinthe country.
NigeriaandBrazilhavea robusttraderelationship, withNigeriastandingas Brazil's49thlargestexport destination.Tradebetween thetwocountriespeakedat nearly$2.1billionin2024. Brazilexportedalmost$1 billionworthofgoodsto Nigeria,primarilysugarand jams,andimporteditems valuedat$1.1billion, mostlyfertilizers.
PresidentTinubusaid
facilitiesacrossNigeria.
Inaboldsteptoaccelerate industrialdecarbonization andstrengthenNigeria'sgas economy,Tetracoreand DangoteGrouphave reaffirmedtheirpartnership.
Thisdevelopment reinforcesthelongstanding partnershipbetweenthetwo companies,whichhave beencollaboratingto integratecompressed naturalgas(CNG) utilizationacrossthe country.Thecollaboration supportsbothindustrialfuel supplyandlow-emission transportation,creatinga
Petrobras'returnwould reigniteeconomic cooperationintheenergy sectorbetweenthetwo countries.Duringhisstate visittoBrazil,Nigeriaand Brazilsignedfive Memorandaof Understanding(MoUs)to strengthentrade,diplomacy, science,aviationand financecooperation.
(BusinessDay,August26, 2025)
verticallyintegratednatural gasecosystemforthe country.
Tetracorewillsupplyupto animpressive400,000scm ofGasperday,meeting growingdemandfor Dangote'sextensive logisticsfleetandother auto-CNGusersacrossthe country
(Tetracore, August 26, 2025)
MSMGroupboostsNigeria'soil reservesby126millionbarrels Anindigenousoilandgas company,MSMGroup,has improvedthecapacityof Nigeria'sOilProspecting Licence(OPL)98by126 millionbarrelsto224 millionbarrelsfrom118 millionbarrels'capacitythat washandedovertoitbythe NigerianNational PetroleumCompany Limited(NNPC)Limited. Thechairmanofthe company,Muazzam Mairawani,whodisclosed thisinAbujarecently, commendedPresidentBola
Tinubuforsupportingthe companytostagea comebacktotheoilandgas sectorthatitexitedin 2017..
Speakingonthesecret behindtheincrement,the MSMchiefsaidtheoilfirm movedawayfromthewellknownbutlesseffective seismictechnologytoa moreefficienttechnology thatdeliversmoreproducts.
(The Guardian, August 26, 2025)
SavannahEnergysignsturnkey drillingcontractforUquoField developmentinNigeria SavannahEnergyhas signedaturnkeydrilling contractforuptotwowells ontheUquoFieldin Nigeria,markingamajor stepforwardinoneofits ninestrategicfocusarea projectsfortheyear.
Thecompanyconfirmed thatdrillingoperationsfor theUquoNorthEast(Uquo NE)developmentwellare scheduledtobeginin January2026,withfirstgas targetedbytheendofQ1
2026.TheUquoNEwellis expectedtodeliverupto80 millionstandardcubicfeet perday(MMscfpd)ofgas, reinforcingSavannah's commitmenttosupporting Nigeria'sgrowingenergy demandandindustrial development. Inadditiontothe developmentwell, Savannahisalso consideringthedrillingof anexplorationwell,Uquo South,whichcouldunlock
NigeriaatheartofAfrica'ssolar revolutionasimportssurge60% Nigeriaisfastemergingas oneofthekeydriversof Africa'sunfoldingsolar revolution,asnewdata showsthecontinent recordedadramatic60 percentincreaseinsolar panelimportsinthe12 monthstoJune2025.
Theanalysis,compiledby globalenergythinktank, Ember,fromChina'sexport figures,revealsthatNigeria overtookEgypttobecome thesecond-largestimporter onthecontinent,bringingin 1,721megawatts(mw)of solarpanelswithintheyear
AcrossAfrica,solarpanel importsreachedarecord 15,032mwintheyearunder review,upfrom9,379mwin thepreceding12months. Whatmakesthissurge significantisitsbreadth:no fewerthan20countriesset newrecords,while25 importedatleast100mw,up
from15ayearearlier
Nigeriastoodout,moving uptherankstotrailonly SouthAfrica,thecontinent's largestsolarmarket. ImportsintoAlgeria, Zambia,Botswana,and Sudanalsosoared,but Nigeria's1,721mw representednotjustscale butalsoashiftinthedynamicsofitspowersector
(Independent, August 27, 2025)
anunriskedgrossGas InitiallyInPlace(GIIP)of approximately131billion standardcubicfeet(Bscf)of prospectivegasresources. Thecompanyhighlighted thatthesafeandsuccessful executionoftheUquo drillingcampaignisakey componentofits operationalroadmapfor 2025.SavannahEnergy expressedgratitudetoits internalteamsandpartners fortheirongoingdedication (Sahara Energy website, August 27, 2025)
andreaffirmedits commitmenttoupdating stakeholdersastheproject advances.
TheUquoField,locatedin AkwaIbomState,playsa centralroleinSavannah's upstreamportfolioandis instrumentalinsupplying gasforpowergeneration andindustrialuseacross Nigeria.
Aradel’s new gas supply deal with NLNG Aspartofitscommitment todeliveringsustainable energysolutions,Aradel GasLimited,asubsidiaryof AradelHoldingsPlc,has signedagassupply agreement(GSA)todeliver additionalvolumesofgasto NLNGthroughtheShell NigeriaGas(SNG)and NNPCGasMarketing Limited(NGML) partnership. Theagreementisexpected tostrengthenNigeria's energytransitioneffortsand
supportongoing governmentreformsaimed atsecuringareliablegas supplyandstimulating economicgrowth.Speaking onthedevelopment,the managingdirectorandchief executiveofficerofAradel HoldingsPlc,Adegbite Falade,saidthedealreflects thecompany'scontinued investmentininfrastructure toharnessitsresourcesand supportcleanerenergy
HenotedthatAradel's100 millionstandardcubicfeet
perday(mmscf/d)gas processingplant,whichwas commissionedin2012,has enabledthecompanyto commercializegasfor domesticuse.Accordingto him,Aradelhassustaineda zeroroutineflaringpolicyat theOgbelefacilitysince 2012andwasthefirstnonjointventuregassupplierto NLNG.
(The Guardian, August 27, 2025)
PhilipMshelbila MD & CEO, Nigeria LNG Limited
AdegbiteGbiteFalade CEO, Aradel Holdings Plc
OstenOlorunsola Chairman, Aradel Holdings Plc
NigeriansspendN1.3trnon petrolinonemonth Amidrisingenergycosts, NigeriansspentaboutN1.3 trilliononbuyingpremium motorspirit(petrol)to powertheirvehiclesand electricitygeneratorsin June,asconsumptionacross thecountryreached1.44 billionlitres,accordingto latestdatafromthe NigerianMidstreamand DownstreamPetroleum RegulatoryAuthority (NMDPRA).
Nigeriansconsumemore petrolthananyotherfuel, andasanationbattlingan unreliablepowersupply,a largerpercentageofthe populationdependson petrolforself-generation. Followingtheremovalof petrolsubsidiestwoyears ago,theamountNigerians burnonfuelrosetoan unimaginablehigh.
BasedonNMDPRAdata, Lagos,Ogun,andthe FederalCapitalTerritory, werethemajorpetrol consumersinJune.The NMDPRAPMStruckout
reportforJuneindicated thatatotalof1.44billion litresofpetrolweresentto statesinthemonth.Ata conservativeaveragepump priceofN900perlitre,this translatestoaboutN1.3 trillion.
Outofthe1.44billionlitres truckedtostates,Lagos consumed205.7million litres,valuedatN185.1 billion.Ogunfollowedwith 88.7millionlitresatacost ofN79.8billion,whilethe FCTreceived77.5million litres,valuedatN69.8 billion.Oyo,anotherstate closetoLagos,got72.8 millionlitresworthN65.5 billion.
(Punch, August 28, 2025)
AbiaStatepromisestimelydelivery ofmodularrefineryproject AbiaStateGovernor,Alex Otti,hasstatedthatheis committedtothetimely realizationoftheproposed 10,000barrelperday modularrefineryprojectin thestate.
Themodularrefinery,which islocatedinsidetheAbia
Nigeria'soilproductionrisesto 1.7millionbarrelsperday Nigeria'soiloutputhas climbedtoanewsix-month high,averaging1.71million barrelsofoilperdayinJuly 2025,accordingtoNigerian UpstreamPetroleum RegulatoryCommission (NUPRC).
Theincreasemarksa9.9 percentyear-on-yearsurge, bringingthecountrycloser toitsbudgetaryandOPEC productiontargets,with totaloutputcomprising 1.507millionbpdofcrude oiland204,864bpdof condensatesrespectively
Thisrepresentsasteadyrise fromthe1.69millionbpd recordedinJune2025anda notableimprovementfrom the1.56millionbpd
producedinJulyofthe previousyear.
NUPRCattributesthe positivetrendtoa combinationofenhanced securitymeasuresand improvedoperational efficienciesacrossthe upstreamvaluechain.
(Punch, August 28, 2025)
realizationoftheproject whenhereceivedin audiencetheManagement oftheHSIEnergiesGroup, ledbyitsgroupchief executiveofficer,Mr UgwumbaOkezieNwosu, whowereinhisofficeonto givehimthestatusupdate ontheactivitiesofthe company,preparatorytothe commencementofworkat thesite.
IndustrialandInnovation Park,Owaza,isbeing undertakenbytheHSI EnergiesGroupandis expectedtoprovide1000 directjobsandcountless indirectjobstoAbians. Ottiassuredofhis commitmenttothe (Punch, August 28, 2025)
HenotedthattheAbia IndustrialandInnovation Park,sittingonabout2000 hectaresofland,iscapable ofaccommodatingmany industrialcompanies. sinessestothrive.
FGreceives1,653solar-powered cold-chainrefrigerators Thefederalgovernmenthas formallyreceived1,653 solardirectdrivecold-chain refrigeratorsmeantto enhancethecountry's immunizationeffort.
Ainadisclosedthatofthe 1,653refrigerators,1,241 willbeofthebrandBmedical,whilethe remaining412willbeofthe brandBplus.Hesaidthey wereselectedthrougha rigorousprocessbuilton Speakingatabrief ceremonytomarkthe deliveryoftherefrigerators inAbuja,Executive SecretaryoftheNational PrimaryHealthcare DevelopmentAgency (NPHCDA),Dr.MuyiAina, saidthedeploymentofthe refrigeratorswillassistin fillinggapscreatedby unvaccinatedchildren.He addedthatthedelivery markedacrucialmove towardsenhancingNigeria's immunization infrastructure.
experiencewithequipment spreadacrossthecountry
TheNPHCDAboss disclosedthattheagency willbecommencinga specialroutine immunizationinitiativein October.Heexplainedthat allthe36statesofthe federationandtheFederal CapitalTerritory(FCT)will receivesomeofthe equipment.
(ThisDay, August 28, 2025)
NEITIapplauds$6bnFDIin Nigeria'sdeepwater,gasprojects TheNigeriaExtractive IndustriesTransparency Initiative(NEITI)has hailedtheinfluxofover$6 billioninForeignDirect Investments(FDI)into Nigeria'sdeepwaterandgas projects,describingitasa majorboosttothecountry's energysector.
Amongthekeyinvestments aretheUbetaGasProject,a $550millioninvestment projectedtodeliver350 millionscf/dayby2027;the $5billionBongaNorth DeepwaterProject,which willunlock300million barrelsofreservesandadd 110,000barrels/day
16,000viefor295spotsat Nigeria'snewpetroleumcollege Morethan16,000Nigerians haveappliedforonly295 admissionslotsatthenewly establishedCollegeof PetroleumandEnergy Studies(CPES)inKaduna, aflagshipinstitutionofthe PetroleumTechnology DevelopmentFund(PTDF). PTDFexecutivesecretary, AhmedAminu,revealed thisduringaninspection tourofthecollegewith membersofthePetroleum andNaturalGasSenior StaffAssociationofNigeria (PENGASSAN).Aminu saidthecollegereceived over2,000PhDapplications andmorethan14,000 Master'sdegree applications,butonly45 PhDand250MScstudents willbeadmittedinthefirst cohortwhenthecollege opensinSeptember Addressingconcernsabout
affordability,theESassured thatalllong-termstudents willreceivefull scholarships.PENGASSAN PresidentFestusOsifo describedtheCPESas anotherHarvardinNigeria, laudingitsstate-of-the-art facilitiesandworld-class learningenvironment.
(The Sun, August 28, 2025)
productioncapacity,and TotalEnergies'$510million divestmentofa12.5per centstakeinOML118to Shell.
NEITI'sexecutive secretary/CEO,Orji OgbonnayaOrji,gavethe commendationduringa courtesyvisittoNNPC's GroupCEO,BayoOjulari, inAbuja.Hecitedlandmark transactionssuchasOando Plc's$783million acquisitionofNAOCfrom Eni(August2024),Seplat Energy's$1.2billion
purchaseofExxonMobil's MPNU(December2024), andtheRenaissance Consortium's$2.4billion acquisitionofShell PetroleumDevelopment Company(March2025). Accordingtohim,these dealsunderscoreashift towardsgreaterindigenous ownership,withNigerian companiesnowcontrolling over50perpercentofoil andgasproduction.
(The Nation, August 29, 2025)
TetracoreopensnewCNG stationinOgun Theprogrammesexecutive atTetracoreEnergyGroup, OladayoWilliams, disclosedthattheCNG PhaseIIfacilityisdesigned toserveawidearrayof clients,includingindustries, TetracoreEnergyGroup Limitedhasunveileda compressednaturalgas facilityinOgbere,alongthe Benin-SagamuExpressway inOgunState. WiththenewCNGfacility, thecompanysaidit increaseditsdailydelivery capacityto6.2million standardcubicfeetperday. Tetracoreaddedthatthe developmentmarkeda milestoneinNigeria'sclean energyjourneyandsupports thefederalgovernment's ongoingPresidential CompressedNaturalGas Initiative.
powerplantsandauto-gas vehiclesacrossthesouthern partofthecountry.
Oladayosaidthenewly inauguratedfacility,builton thesuccessofthe3.1 MMscfdPhaseIfacility launchedinJune2024, effectivelydoubles Tetracore'scapacitytomeet thecountry'sgrowing demandforreliableand cleanerenergyalternatives.
(Punch, August 30, 2025)
JigawaStateunveilsN1.2bn solarminigrid GovernorUmarNamadiof JigawaStatehas inaugurateda500KWp solar-hybridmini-grid worthN1.2billioninKafin HausaLocalGovernment Area,markingamajorstep towardimprovingpower supplyandeconomic activitiesinthestate.
Namadialsopraisedthe partnershipbetweenthe stategovernment,Future EnergiesAfrica,andKano ElectricityDistribution
Company,callingit“a visionaryinvestmentthat willempowerourpeople andsupportrapid sustainabledevelopment.”
Nigeria'soilandgassectorrecords $0.12mnforeigninvestmentinflow Foreigncapitalinflowinto Nigeria'soilandgas industrystoodat$120,000 ($0.12million)inthefirst quarterof2025,unchanged fromthesameamount recordedinthefourth quarterof2024,according torecentfiguresreleasedby theNationalBureauof Statistics(NBS).
TheNBS,initsNigeria CapitalImportationReport forthefirstquarterof2025, disclosedthattheamount recordedinthequarter underreviewwasa significantimprovement fromthezeroinflow recordedinthefirstquarter of2024.Itaddedthattheoil andgassectoraccountedfor 0.002percentoftotal foreigncapitalinflowinto theeconomyinthequarter underreview,thesameasin thefourthquarterof2024.
Ingeneral,NBSstatedthat
totalcapitalimportation intoNigeriainthefirst quarterof2025stoodat $5.642billion,67.12per centhigherthan$3.376 billionrecordedinthefirst quarterof2024.In comparisontothepreceding quarter,foreigncapital importationincreasedby 10.86percentfrom$5.089 billioninthefourthquarter of2024.
(SweetCrude Reports, August 31, 2025)
sustainablymeetgrowing electricitydemands.
AhmadZakari,representing FEA,highlightedthe innovativemixof conventionalandrenewable energysourcesinvolvedin theproject,sayingthat“our hybridsolarprojectsetsa newstandardin electrification,enabling clean,consistentpowerto Jigawa’surbancentres.”
“Themini-gridproject standsasabeaconofhope forJigawa’senergyfuture, blendinginnovationwith locally-tailored development,”hesaid.He furtherreaffirmedhis government’scommitment toleveragingrenewable energytechnologiesto (Punch, August 31, 2025)
