ENERGY SUMMMARIES OCTOBER25

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Filtering the noise to deliver important energy sector updates

OCTOBER 2025

Compiled & distributed by Nigeria-China investments, energy deals hit $20 billion

Fleissen &

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

EXECUTIVE

TopHighlights

• Heirs Energies doubles down on production: CEO Osayande Igiehon urged the industry to prioritise higheroutputoverreservereplacementandannouncedplanstoliftOML 17productionfrom50 kb/dto 100 kb/d

• Nigeria, UAE and Qatar pursue a joint LNG shipping network: Ministers from all three countries discussed shared shipping, midstream infrastructure and decarbonisation cooperation (CCUS, blue hydrogen,methanemanagement)todeepenAfrica–Asiagastrade

• NewPSCforoffshoreblocks:NNPCLandTotalEnergies-Sapetrosignedaproduction-sharingcontract forOPL 2000/2001,viewedasamilestoneforthePIAeraandunderpinningNigeria'sgoalof3 mb/doutput and$60 bninvestmentby2030.

• Gas ambition and financing: Finance Minister Wale Edun reaffirmed the target of 10 billion scf/d by 2030,whileAfreximbankandNigeria'sGasInfrastructureFundagreedtomobilise$500 mformidstream projects.

• Solar and decarbonisation momentum: The federal government launched a $500  m Distributed Renewable Energy Nigeria Fund for mini-grids and rooftop solar; local battery recycling and PV manufacturingprojectswereannounced.

1.Macroeconomic&InstitutionalSignals

• Gas output target: Nigeria aims to produce 10  billion  scf/d by 2030, citing new deep-water gas agreementsanddigitalreformstostreamlineoversight.

• Fuel-surchargeclarification:ThePresidentialFiscalPolicyandTaxReformsCommitteeclarifiedthatthe 5 %fuelsurchargepredatesthecurrentadministration;kerosene,LPGandCNGareexempttosupportthe energytransition.

• Emission-testing pioneer: Nasarawa State opened Nigeria's first vehicular emissions testing centre, expectedtocurbpollution,createjobsandsetaregionalbenchmarkforcleanaircompliance.

• Decommissioningsafeguards:NUPRCsecuredover$400 minescrowandlettersofcredittocoverfuture decommissioningliabilities,ensuringNigeriadoesnotinheritenvironmentalburdens.

2.Refining&Petrochemicals

·• Dangoterefineryintegration:NNPCLcommittedtoanewtwo-yearcrude-supplydealwiththe650 kb/d Dangoterefinery,selling60 %ofvolumesinnaira.

• Logistics innovation: The refinery began free, CNG-powered fuel deliveries to registered marketers, whichthemarketers'associationexpectswilltrimpumppricesto~₦841/L.

• Labourdisputeresolved:Aweek-longstrikebyPENGASSANoverworkerdismissalsattherefinerywas resolvedaftergovernmentmediation;dismissedstaffwereredeployed.

3.UpstreamProduction&Licensing

• Heirs Energies: Plans to double OML  17 output to 100  kb/d reflect a wider emphasis on quick monetisation.

• PSCmilestone:NNPCL'sPSCwithTotalEnergies-SapetroforOPL 2000/2001signalsrenewedinvestor confidence.

• KenyonInternational:Theindigenousservicefirmreportedrecoveringover2 millionbarrelsfromidle wells,underscoringbrown-fieldupside.

• OPEC compliance: Nigeria produced 1.43 mb/d of crude inAugust (1.63 mb/d including condensate), meeting96%ofitsOPECquota.

4.GasMarket&StrategicInfrastructure

• UnifiedLNGshipping:Nigeria,UAEandQatararenegotiatingasharedLNGshippingnetworkwithan eyeonAfrica–Asiatrade.

• Funding pipeline: Afreximbank and MDGIF signed an MoU to mobilise up to $500 m for gas infrastructure;NNPCandNLNGsignedGSAstotalling1.3 Bscf/d.

• Mini-gridfinance:GEAPPprovided$2mforinterconnectedmini-grids;BIIandOdysseylauncheda$7.5 mfacilityformini-griddevelopers.

5.Power&Renewables

• Hospital mini-grids: The Rural ElectrificationAgency installed 50 kW solar mini-grids at around 100 healthfacilitiesandcommissioned12MWand7MWsystemsatteachinghospitals.

• Manufacturingpush:Planswereannouncedfora1GWPVmodulefactorythroughaSolarge-InfraCorp partnership; Hinckley E-Waste Recycling secured $1.5 m to build the country's first battery-recycling plants.

• Cold-chain innovation: Koolboks raised $11 m to assemble solar refrigerators in Nigeria, using an ice-batterysystemthatrunsoff-grid.

• Stateinitiatives:Katsinaunveiledmorethan20MWofsolarprojectswith10MWhstorageandrevivedits 10MWwindfarm;Bayelsaprocureda60MWgasplanttodeliver24-hourpower.

6.StrategicPartnerships&FDI

• Nigeria–Chinarelations:Economictiestopped$20bnwithprojectsliketheZungeruhydropowerplant andsuper-gridtransmission;officialsurgedstrongerlocalcontentandcurbedsubstandardexports.

• Afreximbank–MDGIFMoU: Up to $500 m in debt and equity funding for midstream/downstream gas infrastructure.

• Seplat dividend promise: Seplat unveiled a progressive dividend policy guaranteeing at least $120 m annuallyfrom2026.

7.Regulatory&GovernanceHighlights

• OPEC representation: NNPC Trading MD Maryamu Idris was appointed Nigeria's national representativetoOPEC'sEconomicCommissionBoard.

• African cooperation:NigerialedthecreationoftheAfricanPetroleumRegulatorsForumtoharmonise regulationsacrosseightcountries.

• NEMIClaunch:TheNationalEnergyMasterPlanImplementationCommitteewasinauguratedtodrive implementationoftheenergymasterplan.

• Host-community disputes: An inter-agency committee began verifying the ownership of disputed oil fieldstoensureequitablerevenuesharing Conclusion

August'sdevelopmentsrevealNigeriapressingaheadonmultiplefronts:raisingoiloutputunderthePIA,pursuing regional gas trade partnerships, and accelerating renewable-energy deployment. The convergence of upstream reforms, gas monetisation, renewable investment and state-level projects underscores a deliberate shift toward a moreresilientanddecentralisedenergysystem.Asinvestorappetitegrows,sustainingpolicyconsistency,securing supply chains and accelerating project execution will be key to balancing immediate hydrocarbon revenues with long-termclean-energyambitions.

AverageLPGPrice//Sept 2025
AverageLPG Price//Sept 2025

HeirsEnergieseyes 100,000bpdoilproduction

Thechiefexecutiveofficer ofHeirsEnergiesLimited, OsayandeIgiehon,has urgedtheoilindustryto shiftitsfocusfromthe traditionalpursuitofreserve growthtoprioritizing higherproductionlevels.He stressedtheneedto monetizeexistingresources swiftly,warningthatthe windowofopportunityis narrowingastheglobal energytransition accelerates.

OnplansforOML17,the HeirsEnergyCEOsaidthe ambitionwastotakeits productionfrom50,000bpd to100,000bpd.Henoted thatwhilereplacingoil

reservesremainsavital aspectoftheindustry, increasingproductionand drivinggrowthareeven morecritical,asthey generatetheresources requiredforeconomic expansionandsustained investment.

Igiehonhighlightedthat whilethereplacementofoil reservesremainsan importantaspectofthe sector,productionand growthshouldtake precedenceastheyprovide theresourcesrequiredfor economicexpansionand sustainedinvestment.

(The Sun, August 1, 2025)

NNPCL,TotalEnergies-Sapetro sealPSCdealon2offshoreoilblocks

TheNigerianNational PetroleumCompany (NNPC)Limitedandthe TotalEnergies-Sapetro Consortiumhassigneda productionsharingcontract (psc)foroilprospecting licenses(OPL)2000and 2001locatedintheoffshore NigerDeltaBasin.The deal,whichcoverscrudeoil andnaturalgasproduction,

comeswithasignature bonusof$10million.

Engr.GbengaKomolafe, thecommissionchief executiveoftheNigerian UpstreamPetroleum RegulatoryCommission (NUPRC),saidthetwooil blocksspanabout2,000 squarekilometres.He describedtheagreementas

Nigeria,UAE,Qatarplanunified LNGshippingnetwork

Nigeria,theUnitedArab Emirates(UAE),andQatar arecurrentlyintalksto createasharedshipping network,amoveaimedat expandingAfrica–Asia liquefiednaturalgas(LNG) connectivity.

TheMinisterofState, PetroleumResources(Gas), Mr.EkperikpeEkpo,the UnitedArabEmirates (UAE)MinisterofEnergy, Hydrocarbons, InfrastructureandPower, SuhailAlMazrouei,andthe MinisterofStateforEnergy AffairsandPresident/Chief ExecutiveOfficerofQatar Energy,SaadSheridaAlKaabi,highlightedthis duringseparatebilateral meetingsrecently.

Otherareasofdiscussion amongthecountriescentred oneffortsaimedat strengtheningenergyties forgasdevelopmentand growth.TheDubaimeeting acknowledgedthelong-

standingpartnership betweenNigeriaandthe UAE,asreflectedintheir membershipofOPECand theGasExporting CountriesForum(GECF), withalignedprioritieson marketstability,investment certainty,andjustenergy transitions.

Bothministersexplored opportunitiesfor cooperationinliquefied naturalgas(LNG)trading andcargoswaps,aswellas midstreamdevelopment, includingpipelines, LPG/CNGinfrastructure, andprocessinghubs.The discussionsalsoemphasized theimportanceof decarburization partnerships,withafocus oncarboncapture, utilization,andstorage (CCUS);bluehydrogen production,andmethane management.

(The Sun, September 1, 2025)

aturningpointforNigeria's oilandgasindustry,urging investorstoleveragethe stableregulatory,fiscal,and governanceframework providedunderthe PetroleumIndustryAct (PIA)2021.

Onhispart,theGroup ChiefExecutiveOfficerof NNPC,Engr.BayoOjulari, saidthecompany,as concessionaire,would

supporttheconsortiumto ensuretimelyexecutionof theproject.Ojularifurther disclosedthatNNPCis committedtorampingup Nigeria'scrudeoiloutputto threemillionbarrelsperday andattractingabout$60 billionininvestmentsinto thesectorby2030.

(Vanguard, September 2, 2025)

LagostohostAfrica'sfirst E1electricboatraceinOctober

LagosStateispreparingto makehistorybyhosting Africa'sfirst-everE1Series electricboatracing championship,scheduled forOctober4and5,2025.

RodiBasso,chiefexecutive officeroftheE1Series, emphasizedLagos' successfulbidamidststiff competitionfromworldclasscities.Describingthe achievementas“amajor milestoneforsport, sustainability,and commerceinAfrica,”Basso spokeabouttheevolving natureoftheboating industry

Hiswords:“TheE1Series showcasestechnical prowessandprovesboats canbecomemore

sustainablebyleveraging alternativepowerand uniquearchitecture.”

Thepartnershipwiththe LagosStateGovernment promisestonotonlysustain thistechnology-drivensport butalsoattractsignificant investmentintheglobal sportandentertainment sectors.

(Punch, September 3, 2025)

Nigeriaeyes10billionscf gasproductionby2030

Theministeroffinanceand coordinatingministerofthe economy,WaleEdun,has reaffirmedNigeria's ambitionofproducing10 billionstandardcubicfeet ofgasperdayby2030.He citedrecentagreements, includingthedeepwatergas productiondealwith TotalEnergies,asevidence ofprogresstowardamore competitiveandinvestorfriendlyenvironment.

Instrategicdiscussionswith themanagementofNigeria

LiquefiedNaturalGas (NLNG)Limitedathis officeinAbujarecently,the ministeralsoassured stakeholdersthatreforms, includingtherolloutof digitaltradesystems,will streamlineoversight, eliminateinefficiencies,and ensurefairness.

Dr.PhilipMshelbila, NLNGCEO,updatedthe ministeronoperations, highlightingstrongergas supply,improvedsecurity ontheTrans-NigerPipeline,

Tinubutounveil6,000MTlithium plantinNasarawa

PresidentBolaTinubuis expectedtovisitNasarawa Statetocommissionanew 6,000-metric-tonlithium processingplantbuiltby Chineseinvestors.

GovernorSulerevealedthis toStateHouse correspondentsaftercloseddoortalkswiththe PresidentattheAsoRock VillainAbujarecently

Thefacility,locatedin NasarawaLocal GovernmentArea,isthe secondlithiumplant constructedinthestate withinthelastyearandis twicethesizeofthe previous3,000MTcapacity projectlaunchedin2023.

NasarawaStatehasbecome agrowinghubinthe country'sburgeoning lithiumvaluechain. Lithium,akeycomponent inelectricvehiclebatteries andenergystoragesystems, hasattractedincreasing interestfromforeign investorsamidglobal energytransitionefforts.

(Punch, September 3, 2025)

andcapacityutilization risingabove70%.On infrastructure,Dr.Mshelbila reportedadvancesonthe Bodo-BonnyRoad,while callingforanextensionto theEast-Westhighway underthetaxcreditscheme.

(Aljazirah Nigeria, September 4, 2025)

Nigeriaexemptskerosene, LPG,CNGfrom5%surcharge Nasarawa

ThePresidentialFiscal PolicyandTaxReforms Committeehassaidthatthe 5percentfuelsurchargein thenewtaxlawsisnota newlevyintroducedbythe administrationofPresident BolaTinubu.

Thecommitteesaidthe surchargehasexistedsince theFederalRoads MaintenanceAgency (Amendment)Act,2007, andwasonlyrestatedinthe newtaxactfor harmonizationand transparency This clarificationfollowed concernsthattheprovision couldtriggerfurther hardshiponNigerians.

AccordingtotheTaxAct,a fossilfuelproductbecomes chargeableupontheearliest occurrenceofsupply,sale, orpayment.Thetaxreforms committeesaidthe surchargewasnotpartof theoriginaltaxreformbills submittedbyTinubutothe nationalassembly,andwill

nottakeeffectautomatically withthenewtaxlaws.

Thecommitteeaddedthat thesurchargewouldnot applytoallfuels,noting thathouseholdkerosene, cookinggas(LPG), compressednaturalgas (CNG),aswellascleanand renewableenergyproducts, areexemptinlinewith Nigeria'senergytransition agenda.

Onitsabolition,thetax reformscommitteesaidthe surchargecannotbe abolishedbecauseitwas designedasadedicated fundforroadinfrastructure andmaintenance.

(The Cable, September 6, 2025)

Koolboksraises$11mnfor solarcoldstorage

Koolboks,aParis-based climatetechnology companywithoperations acrossAfrica,hasraised $11millioninafunding roundaimedatscalingits solar-poweredrefrigeration solutionsonthecontinent. Thenewcapitalwill supporttheestablishmentof

alocalassemblyplantin Nigeriawithinthenext12 to18months,amove designedtoreducelogistics costsandprovidesavingsto endusers.

Foundedin2018,Koolboks buildssolar-powered refrigeratorsthatoperate

hostsNigeria'sfirst vehicularemissionstestingcentre

NasarawaStatehas emergedasthepioneerhost ofNigeria'sfirstvehicular emissionstestingcentre,a landmarkprojectunderthe NationalCleanAir Programme(NCAP),which signalledthecountry's resolvetoaddressair pollutionwhileunlocking newsocio-economic opportunities.

Thecentre,jointly facilitatedbythefederal government,Nasarawa Stategovernment,and privatesectorpartners,is expectedtonotonlycurb harmfulvehicularemissions butalsogenerate employment,boostrevenue, andpositionNigeriaasa regionalleaderin environmentalcompliance.

Theministerof environment,representedat thecommissioningbythe

permanentsecretaryofthe ministry,MahmudKambari, describedthefacilityasa strategicinterventionto safeguardlivesandadvance sustainabledevelopment.

Accordingtohim,“air pollutionisasilentkiller.It affectsthequalityoflife, agriculturaloutput,health andwell-beingofall citizens.Aircontamination doesnotdiscriminate;it affectschildren,theelderly, workers,therich,thepoor andevenunborn generations.”

(ThisDay, September 9, 2025)

off-grid,usingathermal ice-batterysystemthatcan keepitemscoldforupto fourdayswithoutexternal power Thecompanyuses IoTtechnologyforremote monitoringandsupports pay-as-you-goandbuynow-pay-latermodels, makingtheunitsmore accessibletosmall businesses,clinicsand farmersinareaswith unreliableelectricity

Morethan10,000Koolboks

unitshavebeendeployedin about25countries,with Nigeriacurrentlythe company'slargestmarket. Koolbokssaysits technologysupportsfood vendors,farmersand healthcareclinics,helping toreducefoodspoilage, improvevaccinestorage andcutrelianceondiesel generators.

(Shoppe Black, September 9, 2025)

FGrollsoutsolarhybridmini-grids topowerhealthcarecentresnationwide NUPRCsecures$400mnin decommissioningliabilities

Thefederalgovernmenthas steppedupeffortsto strengthenNigeria's healthcaredeliverysystem bydeployingsolarhybrid mini-grids,standalonesolar homesystems,andother innovativeenergysolutions toelectrifyhundredsof healthfacilitiesacrossthe country.

Ministerofpower,Adebayo Adelabu,disclosedthisin Abujaduringameeting withstatecommissioners forenergyonelectricity developmentatthesubnationallevel.Henotedthat theRuralElectrification Agency(REA)hasalready madesignificantprogressin thisregard,particularly duringtheCOVID-19 pandemic.

Accordingtohim,“REA deployed50kWsolarminigridsolutionstoabout100 healthcarefacilitiesacross thecountryduringthe COVID-19crisis.This ensureduninterrupted powersupplytocritical healthcentrestopreserve lives,supportmedicalstaff, andsustainessential servicesatatimeof

unprecedentednational emergency.”

Adelabufurtherhighlighted ongoinginterventions throughtheEnergising EducationProgrammeof REA,whichextends reliablepowertoteaching hospitalsnationwide.

“Wehavecommissioneda 12MWsystematthe UniversityofMaiduguri TeachingHospitalanda 7MWsystematthe UniversityofCalabar TeachingHospital.These deploymentsarenotonly providingreliable,clean powerbutalsohelpingto properlysegregate electricitysupplyfor clinicalactivitiesfrom residentialandcommercial activitieswithinthehospital environment.”

(The Sun, September 10, 2025)

TheNigerianUpstream PetroleumRegulatory Commission{NUPRC)has announcedthatthe commissionhassecured over$400millioninpresaledecommissioningand abandonmentliabilities fromrecentoilasset divestmentsinamoveto preventNigeriafrom inheritingcostly environmentalandfinancial burdens.

Thechiefexecutiveof NUPRC,Gbenga Komolafe,disclosedthis whilespeakingatthe NigerianExtractive IndustriesTransparency InitiativeCompaniesForum inLagosrecently,wherehe wasrepresentedbythe commission'sdeputy directorofhuman resources,corporate servicesandadministration, EfemonaBassey.Komolafe saidthecommissiondrew lessonsfrominternational divestmentcases,including theNorthSea,where decommissioningis projectedat£27billionby 2032;theGulfofMexico, whichhascostover$9 billion;andCanada's Alberta,wheremorethan 97,000inactivewellscarry estimateddecommissioning costsofbetweenC$30 billionandC$70billion.

Heexplainedthatthese experiencesshaped NUPRC'sapproachto recenttransactions

involvingNAOCand OandoEnergyResources, EquinorandChappal Energies,MobilProducing NigeriaUnlimitedand SeplatEnergies,Shell PetroleumDevelopment CompanyandRenaissance AfricaEnergy,and TotalEnergiesandTelema Energies.

Accordingtohim,the commissionensuredthat decommissioningand abandonmentobligations weresecuredthrough upfrontescrow arrangementsandLettersof Credit,inlinewiththe PetroleumIndustryAct. Komolafeaddedthat environmentalremediation commitmentsworthover $9.2millionwerealso pledged.

“Theresultsfrom2024 speakforthemselves.Over $400millioninpre-sale decommissioningand abandonmentliabilities havebeensecuredthrough lettersofcreditandescrow accounts.

(Punch, September 11, 2025)

FG,InternationalSolarAlliance unveil$500mnfundforsolargrowth

TheFederalGovernment,in collaborationwiththe InternationalSolarAlliance, haslauncheda$500million DistributedRenewable EnergyNigeriaFundto acceleratesolarenergy deploymentnationwide.

Thiswasdisclosedina statementbytheministerof power,AdebayoAdelabu, throughhismediaaide, BolajiTunji.Accordingto him,theagreementwas formalizedbyAdelabuand ISAdirectorgeneral,Ashish Khanna,duringtheseventh regionalcommitteemeeting forAfrica,heldinAccra, Ghanarecently

Theframework,hesaid,has establishedarobustthreeyearactionplanto accelerateNigeria'ssolar adoption.The$500million DRENigeriaFundis designedtocatalyze

investmentinrenewable energyprojects,backedby strongerregulatorysupport fromtheministryofpower Itprioritizesadvocacy, capacitybuilding,and programmaticsupport. Specificinitiativesinclude scalingupsolarusein agriculture,promoting rooftopsolaradoption, deployingmini-grids,and establishingasolar technologyandapplication resourcecentre.

(Punch, September 11, 2025)

WACT-APMpartnerswithRivers solarrecyclingplant

TheWestAfricaContainer Terminal-APMTerminals Nigeria,inpartnershipwith GarbageInValueOut,has launchedasolar-powered recyclingplantinitshost communityofOnnein ElemeLocalGovernment AreaofRiversState.

Inastatement,theterminal operatorstressedthatthe moveisamajorsteptoward

environmentalsustainability andcommunity development.

“Theinnovativefacilityis designedtorecycleplastic wasteintoreusableproducts whileharnessingrenewable solarenergytopowerits operations.Thisproject alignswiththeFederal Government'scommitment toenvironmental

Axxelasignspowerpurchase agreementwithEvans

AxxelaIntegratedPower hassignedaPower PurchaseAgreementwith EvansIndustriesLimited,a manufacturerofhomeand personalcareproductsin Nigeria.

Underthetermsofthe agreement,Axxela IntegratedPowerwill providecost-effective, reliable,andintegrated powersolutionstosupport EvansIndustries' operations.The collaborationaimsto ultimatelyreduceenergy costs,minimizedowntime, andenhanceoverallenergy efficiency,thereby strengtheningthe company'spositionand competitiveedgeinthe Nigerianmarket.

“Thisagreementrepresents

morethanjustacontractual relationship.Webelieveit marksthebeginningofa partnershipbuiltontrust andacommitmentto deliveringreliableenergy solutionsthatcreatelongtermvalueforEvans Industries,”saidthe managingdirectorof AxxelaIntegratedPower, OlufisayoDuduyemi.

(Punch, September 11, 2025)

sustainability,cleanenergy adoption,andjobcreation,” thestatementreadinpart.

Themanagingdirectorof theWestAfricaContainer Terminal-APMTerminals Nigeria,whowas representedbyDaniella Sylva,explainedthatthe remarkablefacilityisnot onlydeartotheOnne communitybutalso stronglyalignswiththe terminal'sdrivetoembrace moreeco-friendlyand sustainablemeansof

operation.Headdedthatthe terminalandGIVOare supportingtheOnne communityinovercoming thedauntingchallengeof managingplasticwaste.

(Punch, September 11, 2025)

BritishInternationalInvestment, Odysseyunveil$7.5mfacilityfor Nigeria'sgridexpansion

BritishInternational Investment,theUnited Kingdom'sdevelopment financeinstitution,in partnershipwithOdyssey, haslauncheda$7.5million financingfacilityto acceleratethedeployment ofmini-gridsacross Nigeria.

Accordingtothepartners, thenewfundingwillhelp developersscaleupminigridprojects,whichare regardedascost-effective solutionsforelectrifying off-gridareas,thereby fosteringeconomicgrowth andimprovinglivelihoods.

Thefacilityisexpectedto expandaccesstocleanand reliableenergyfor underservedcommunities, strengthenNigeria'senergy transitionagenda,and supportruralelectrification initiatives.

Speakingontheinitiative, thedeputyBritishhigh commissionerinNigeria, JonnyBaxter,saidthe investmentreflectstheUK's confidenceinNigeria's cleanenergysector.

(Punch, September 12, 2025)

Nigeriadelivers$18bnfield developmentplansinoneyear

Thechiefexecutiveofthe NigerianUpstream PetroleumRegulatory Commission(NUPRC), GbengaKomolafe,hassaid thatthecountry'sreform agendadelivered28Field DevelopmentPlans(FDPs) valuedat$18.2billionin investmentcommitmentsin

2025alone.

Komolafestatedthisatthe recentlyconcludedAfrica OilWeek(AOW)inAccra, Ghana,wherehefurther explainedthatcommitments arealsoexpectedtounlock 1.4billionbarrelsofoiland 5.4TCFofgas.Headded

Afreximbank,MDGIFsign strategicMoUtodevelopgas infrastructureinNigeria

AfricanExport-Import BankandtheMidstream andDownstreamGas InfrastructureFund (MDGIF)havesigneda landmarkmemorandumof understanding(MoU)to establishacollaborative frameworkaimedat promoting,developing,and improvinggasinfrastructure inNigeria.

TheMoUwassignedonthe sidelinesofthejust-ended fourthIntra-AfricanTrade Fair(IATF2025)byMrs HelenBrume,directorand globalhead,projectand asset-basedfinanceon behalfofAfreximbank;and Mr.OluwoleAdama, executivedirectoronbehalf ofMDGIF TheMoU emphasizesprivatesectorleddeliverymodelsand

alignswithbothinstitutions' mandatesandstrategic priorities.

Underthetermsofthe MoU,Afreximbankand MDGIFwillworktogether withtheoverarching intentionofmobilizingup to$500millionoverfour yearstosupportmidstream anddownstreamgas infrastructureprojects.The investmentisstructuredasa blendofseniordebtand equitycontributions, consideredunderboth entities'independent mandates,withafocuson acceleratingthe modernizationand expansionofNigeria'sgas sector.

(Champion News, September 14, 2025)

thatthisisexpectedtoadd 591,000barrelsofoilper dayand2.1billionSCFDof gas,therebyboostingthe Nigeria'saspirationto deliverover3millionbpd inoiloutput.

Titled“Nigeria's CompetitiveReform AgendaforUnlocking PotentialsinUpstreamOil &Gas,”hispresentation reiteratedtheimportanceof energysecurityasthe cornerstoneofeconomic

growth,nationalresilience, andsharedprosperityin Africa.

(ThisDay, September 17, 2025)

Nigeria-China investments, energy deals hit $20 billion

Theministerofpower, AdebayoAdelabu,has disclosedthatthegrowing economictiesbetween NigeriaandChinahave reached$20billion.

Theministerhighlighted keyChinese-backed projectsthatareshaping Nigeria'senergy infrastructure,including the$1.4billionZungeru

HydroelectricPowerPlant anda$2.5billion transmissionprojectfor theeasternandwestern supergrid,financed throughChinese institutions.

Duringameetingwiththe ChineseAmbassadorto Nigeria,YuDunhai, Adelabuemphasizedthat suchpartnershipsmust

alsostrengthenlocal contenttoconserveforeign exchangeandbuild domesticcapacity.

Whilecommendingthe strongbilateralrelations betweenthetwonations, theministerurgedChinese firmstoinvestintraining Nigerianworkersand transferringtechnologyto enhancelocalexpertise.

Healsocalledonthe Chinesegovernmentto curbtheexportof substandardproductsto Nigeria,warningthatsuch practicesdamage consumertrustdespite China'sreputationfor qualitymanufacturing.

(The Whistler, September 13, 2025)

GovernmentallocatesN300billion topowerhospitals,universities

TheFederalGovernment hasallocatedN300billion toprovidestableelectricity supplytoteachinghospitals anduniversitiesacrossthe country

AbubakarBichi,whoisthe memberrepresentingBichi FederalConstituencyand chairman,housecommittee onappropriation,disclosed thisrecentlyduringthe unveilingofasolarhybrid interventionprojectatthe AminuKanoTeaching HospitalinKano.

Accordingtohim,the allocationwillfundthe installationofrenewable energysystems,with prioritygiventoinstitutions thatprovideessential

servicestoNigerians. Hefurtherexplainedthat theprojectswouldalso reducetheburdenofhigh electricitybillson governmentinstitutions, improveefficiency,and promotetheuseofclean energy

(EnviroNews, September 17, 2025)

MaryamuIdrisappointedNigeria's OPECrepresentative

MaryamuIdris,whoisthe ManagingDirectorof NNPCTradingLimited,has beenappointedasNigeria's NationalRepresentativeto theOrganizationof PetroleumExporting Countries(OPEC),placing herattheintersectionof domesticoilmanagement andinternationalenergy policy

Theappointmentwas confirmedinastatement releasedbytheNigerian NationalPetroleum Company(NNPC)Limited.

“WecongratulateMaryamu Idris,ManagingDirectorof NNPCTradingLimited,on herappointmentasthe NationalRepresentativefor NigeriaattheOrganization ofthePetroleumExporting Countries(OPEC),”the statementreadinpart.

Inhernewrole,Idriswill continuetoleadNNPC TradingLimited,while representingNigeriaonthe OPECEconomic CommissionBoard(ECB). Sheisexpectedto contributetotechnical

Nigerialaunches1GWsolarpanel factorytoboostenergytransition

ToaccelerateNigeria's energytransitionand industrializationagenda,the RuralElectrification Agency(REA),the InfrastructureCorporation ofNigeria(InfraCorp),and SolargeBVofthe Netherlandshaveformally announcedthecreationof SolargeNigeriaLimited,a specialpurposevehicle (SPV).

Theagreementwassigned attheinfraCorpofficein Abuja,withtheSPV expectedtoestablishand operatea1gigawatt(GW) solarphotovoltaic(PV) panelmanufacturingfacility inNigeria.

AstatementfromREAsaid theco-ownershipand strategicofftake agreement/collaboration alignwiththefederal government'sNational PublicSectorSolarisation

Initiative(NPSSI)andthe broaderobjectivesofthe RenewedHope InfrastructureDevelopment Fund(RHIDF).

Theaimistoscaleclean energyaccessacrosspublic institutionswhilebuilding robustlocalcontentin Nigeria'srenewableenergy sector.Asaresultofthis, thefacilitywillsupport significanttechnology transfer,capacitybuilding andjobcreation,furthering Nigeria'senergytransition andindustrialpolicygoals.

(Arise News, September 18, 2025)

deliberationsandpolicy recommendationsthatwill shapebothnationaland globalenergystrategies.

Herresponsibilitieswill includecoordinatingclosely withtheOPECGovernor forNigeria,theNigerian UpstreamPetroleum RegulatoryCommission (NUPRC),NNPCLimited, andtheMinistryof PetroleumResourcesto ensurethatNigeria's interestsareeffectively represented.

(The Guardian, September 18, 2025)

Nigeria,7otherssigncharterto establishAFRIOERF

Thecharterseeksto enhancecooperationand collaborationamong Africanpetroleum regulatorstoensureasafe, efficient,rewarding, equitable,andsustainable petroleumindustry,while theforumisalsodesigned withthevisiontobethe premierplatformfor Africanpetroleum regulatorstoshare knowledge,bestpractices, andexpertise,toattain regionalexcellencein petroleumregulation. Nigeriaandsevenother Africancountriesyesterday signedachartertobirththe AfricanPetroleum RegulatorsForum (AFRIPERF),a demonstrationofthe country'sleadershipin Africa'soilandgassector.

Thelandmarksigning ceremony,chairedbythe CommissionChief ExecutiveoftheNigerian UpstreamPetroleum

RegulatoryCommission (NUPRC),Gbenga Komolafe,tookplaceonthe sidelinesofthe31stedition oftheAfricaOilWeek (AOW)inAccra,Ghana recently.

Theeventwasattendedby regulatorsfrom16African countries,including Nigeria,Ghana,Somalia, Gambia,Madagascar, Sudan,Guinea,andTogo. Othersinattendancewere: Kenya,Mauritania,Benin, Mozambique,Angola, Namibia,SouthAfrica, Morocco.

(ThisDay, September 19, 2025)

Hinckleysecures$1.5mnAllOn investmentforbatteryrecycling inNigeria

HinckleyE-Waste RecyclingLimitedhas secureda$1.5million equityinvestmentfromAll On,animpactinvestment firmfocusedonexpanding

Thefundingwillbeusedto establishlithium-ionbattery recyclingandreuse accesstocleanenergyin Nigeria.

KenyonboostsNigeria'soiloutput withover2mnbarrelsin10years

KenyonInternational,an indigenousoilandgas servicecompany,has highlighteditsrecordof wellintervention programmesinthelast10 yearsofentranceintothe industry,revealingithas revivedsomedeadwellsin theNigerDelta,resultingin therecoveryofovertwo millionbarrelsofcrude overtheperiod.

Chiefexecutiveofficerof kenyonInternational,Dr. VictorEkpenyong, disclosedthisrecently duringthecompany's10th anniversarycelebrationin Lagos,wherethefirmalso rolledoutitsambitious visionforthefutureamid ongoingglobaldiscussions aboutenergytransition.

Theoccasionspotlighted

Kenyon'sinfluenceandthe importanceofitscallfor Nigeriatochartitsown courseinunlockingenergy accessthrough reinvigoratedbrownfield development.Ekpenyong reflectedonthecompany's journeyfromitsfoundingin 2015tobecomingatrusted partnerinNigeria'senergy industry.

HeunderscoredKenyon's pivotalroleinthecountry's resurgenceinoil production,citing interventionsinbrownfield assets,deploymentof modernhome-grownand foreigntechnologies,and theabilitytoleverage divestmentopportunitiesto restoreproduction.

(ThisDay, September 19, 2025)

facilities,aswellasused leadacidbatteryrecycling plants,whichHinckleysaid wouldbethefirstoftheir kindinthecountry.The facilitiesareexpectedto tackletherisingdemandfor solarbatteriesandprovidea sustainableapproachto electronicwaste management.

Themovefollows recommendationsfromAll On'sreport,“Market ResearchontheCircular

EconomyoftheRenewable EnergySectorinNigeria,” whichwarnedofthe environmentalandhealth hazardslinkedtoimproper disposaloflithium-ionand lead-acidbatteries.The reportcalledfor commerciallyviable recyclingsolutionsto supportthegrowthof Nigeria'srenewableenergy industry.

(Guardian, September 19, 2025)

FGunveilsnationalenergymaster planimplementationcommittee

ChiefUcheNnaji,the ministerofinnovation, scienceandtechnology,has inauguratedtheNational EnergyMasterPlan ImplementationCommittee (NEMiC)inamajorstep towardsrepositioning Nigeria'senergysector.

Dr.RobertNgwu,whoisa seniorspecialadvisertothe minister,saidinastatement issuedinAbujarecently.He quotedtheministeras taskingthecommitteewith theresponsibilityof

spearheadingthecountry's transitiontoacleaner,more inclusiveandsustainable energyfuture.

Theinaugurationmarked thebeginningofthefull implementationphaseofthe NationalEnergyMaster Plan(NEMP).Nnajisaid thecommitteeshould deliverrealimpactto households,industries,and communitiesnationwide.

(PM News, September 20, 2025)

Dangoterefineryresumes gantryself-collectionsales

DangotePetroleum

Refineryand PetrochemicalsLimitedhas announcedthatitwill resumeself-collection gantrysalesofpetroleum productsatitsfacility

Thedisclosurewasmadein anemailfromthegroup commercialoperations departmentoftherefinery, markingareversalofa directiveissuedearlierin

September,

whichhadsuspendedselfcollectionandcompelled marketerstorely exclusivelyontherefinery's FreeDeliveryScheme.

Thecompanyexplainedthat whilegantryaccessisbeing reinstated,thefreedelivery serviceremainsoperational, withmarketersencouraged tocontinueregisteringtheir outletsfordirectsupplyat

Nigeria'soilproductionmeets 96%OPECquotainAugust

Nigeria'supstreamoil sectorrecordedayear-onyearincreaseinoutput, averaging1.63million barrelsperday(bpd)of crudeoilandcondensatesin August2025,upfrom1.58 millionbpdinthesame periodlastyear

Thisisbasedoncrudeoil andcondensateproduction dataforAugust2025, releasedbytheNigerian UpstreamPetroleum RegulatoryCommission (NUPRC),whichalsoputs Nigeria'soilproductionfor theperiodunderreviewat 96percentofitsOPEC quota.

AbreakdownofAugust 2025productioncomprises 1.43millionbpdofcrude oil,whichis96percentof theOPECquota,whichis setat1.5millionbpd,and 5.47percentcomparedto Augustlastyear,which postedadailycrudeoil averageof1.36millionbpd.

Dailycondensate productioninAuguststood at197,229bpd,reflectinga slightdeclinefrom220,435 bpdinAugust2024.

Onamonth-on-month basis,therewasaslight4.7 percentdropincombined crudeoilandcondensate productionfrom1.71 millionbpdinJuly. Similarly,crudeoil productionitselfdeclined by4.8percent,downfrom 1.5millionbpdinJuly 2025.NUPRCsaidthe month-on-monthdropwas duetoasingle-day unscheduledmaintenanceat anoilfacility

(BusinessDay, September 20, 2025)

noadditionalcost.

DangotePetroleum

Refineryalsoapologizedto itspartnersforany inconveniencethe suspensionmayhave caused,whileassuring stakeholdersofits commitmenttoimproving efficiencyandensuring

seamlesssupply

(Punch, September 20, 2025)

Dangotebeginsfreefuel deliveriestomarketers

Independentfuelmarketers inNigeriahavebegun receivingfreefuel deliveriesfromDangote Refinery,followingthe deploymentofcompressed naturalgas-poweredtrucks aimedateasingdistribution costsandstabilisingpump prices.

Thepresidentofthe IndependentPetroleum MarketersAssociationof Nigeria(IPMAN), AbubakarShettima, confirmedthatmarketersin Lagos,Ogun,Ondo,and othersouth-westernstates hadstartedtakingdelivery ofpetroleumproductsfrom therefinerywithout transportcharges.

Accordingtohim,“Dangote hasstartedthefreedelivery. Already,thetruckshave begunmovingand dischargingproductsin mostpartsoftheWestern Zone.Mymembersarevery pleasedwiththe development.”

Therefineryhasalready rolledoutover1,000trucks, partofalargerfleetof 4,000CNG-powered vehiclesorderedfrom China.Thescheme, originallyscheduledto commenceonAugust15, hadbeendelayedby

shippingbottlenecks.The remainingtrucksare expectedtoarrivein Nigeriaatalaterdate withintheyear.

Shettimastressedthatonly registeredmarketerswould benefitfromthelogisticsfreesupply,though registrationremainsopen throughanonlineportal.“If youdon'tregister,your namewillnotappearonthe system.Butregistrationis straightforwardandcanbe doneanytime,”he explained.

Theinitiativeisalready havinganimpactonfuel prices.Accordingtothe IPMANpresident,pump pricesareexpectedtofall from865nairaperlitreto around841nairaonce suppliesspreadacross differentregions.

“Priceshavestartedcoming downalready Whereverthe refinerydischarges, independentmarketers reducetheirpumpprices accordingly,”hesaid. Somefillingstations, includingthoseoperatedby MRS,reportedlyhave loweredtheirpricesinline withthedeliveries.

(Guardian, September 20, 2025)

Nigeriaearns$2.21bnfrom crudeoilexportstoUS

Nigeriaearned$2.21billion fromcrudeoilexportsto theUnitedStatesinthefirst sevenmonthsof2025, accordingtofreshdata releasedbytheUSCensus BureauandtheBureauof EconomicAnalysis.

Thefigureunderscores Nigeria'scontinuedroleas America'slargestAfrican crudesupplier,eventhough shipmentshaveweakened comparedtolastyear.

BetweenJanuaryandJuly 2025,Nigeriashippeda totalof28.7millionbarrels ofcrudeoiltotheUnited States.Thismadeitthe singlelargestAfricancrude suppliertoWashington, significantlyaheadof Libya,Angola,andGhana.

Thedatashowsthatthe customsvalue,which measurescrudeoilpriceat

thepointofexport,stoodat $2.16billion.Onacost, insurance,andfreightbasis, whichaccountsforthefull landedcost,including shippingandinsurance,the valueroseslightlyto$2.21 billion.

Thisdifferencehighlights theadditionalcostsrequired totransportcrudeoilacross theAtlantic.However, comparedwiththesame periodin2024,Nigeria's earningsandshipment volumeshavefallen.Inthe firstsevenmonthsoflast year,Nigeriaexported31.5 millionbarrelstotheUnited States,valuedat$2.78 billiononacustomsbasis and$2.83billiononaCIF basis.

(Punch, September 21, 2025)

Chevroncutsgasflaringby 97%in10years

ChevronNigeriaLimited hassaidithasachievedthe reductionofroutinegas flaringinitsoperationsby morethan97%overthe pastdecade,reaffirmingits commitmentto environmentalsustainability andclimateaction.

OlusogaOduselu,the company'sgeneralmanager forpolicy,governmentand publicaffairs,saidthe milestonereflectschevron's long-standinginvestments ingasgatheringand processinginfrastructure.

“Throughinvestmentsin gatheringandprocessingof associatedgas,routine flaringhasbeenreducedby over97%inthepast10 yearsinCNL'soperations,” Oduselurevealed.He furtherexplainedthatthe reductionispartof Chevron'sbroaderstrategy tocutcarbonemissionsand supportNigeria'sclimate objectives,while maximizingthevalueof

associatedgas.

Chevronnotedthatcaptured gasduringcrudeoil productionischannelled intoproductiveuse, includingpowergeneration andindustrialapplications, insteadofbeingwasted throughflaring.

Accordingtothecompany, furtherreductionsremaina keytargetaspartofits globalambitionfor“evercleanerenergy.”

(SweetCrude Reports, September 21, 2025)

SeplatEnergycommitsto$120mn dividendamidgrowthpush

SeplatEnergyPlchas unveiledabolddividend frameworkanchoredona progressivepolicythat guaranteesshareholdersat least$120million(N179 billion)annually,signaling confidenceinitspost-

acquisitiongrowthstrategy despitethetougheconomic climateinNigeria'senergy sector.

Thecommitment, announcedatthecompany's CapitalMarketsDayon

FGbeginsverificationofdisputed petroleumassetsinNigerDelta

TheFederalGovernment hasbegunverificationof disputedandnewlydrilled crudeoilandgasfieldsand wellsintheNigerDelta region.

Dr.MohammedShehu,the ChairmanofRevenue Mobilization,Allocation andFiscalCommission (RMAFC),saidthe initiativeisaimedat ensuringthateveryoiland gas-producingstatereceive itsrightfulshareof resources.

Healsonotedthatthe exercisealignedwiththe provisionsofthelaw,citing paragraphs32(a)part1of thethirdscheduleofthe 1999constitutionofthe FederalRepublicof Nigeria,asamended.Shehu explainedthattheexercise

wasalsoinformedbythe variouspetitionsbythe governorsofAnambra, Delta,Imo,Edo,Ondo,and Riversseekingtoestablish therightfulownershipand territorialboundariesof specificcrudeoilandgas assets.

Theassignment,hesaid,is tobecarriedoutviathe Inter-AgencyTechnical Committee(IATC), comprisingtheRMAFC, Representativesofthe NigerianUpstream PetroleumRegulatory Commission(NUPRC), OfficeoftheSurveyor Generalofthe Federation(OSGOF),and theNationalBoundary Commission(NBC).

(Guardian, September 22, 2025)

September18,2025,is underpinnedbyprojections followingitstakeoverof MobilProducingNigeria Unlimited—nowrenamed SeplatEnergyProducing NigeriaUnlimited (SEPNU).

Thenewpolicyisexpected todeliveracumulative$1 billionindividendsoverthe nextfiveyears,withthe guaranteed$120million payoutservingasa minimumbaseline.

Aspartoftherollout,Seplat increaseditsQ32025 dividendto5.0centsper share,upfrom4.6centsin Q1andQ2,establishinga newbenchmarkfor quarterlypayouts.Between 2026and2030,the frameworkisprojectedto return40–50%ofannual freecashflowto shareholders.

(Tekedia, September 22, 2025)

PETROANurgesFGtoinvolve foreignpartnersinPortHarcourt refineryrevival

ThePetroleumProducts RetailOutletsOwners AssociationofNigeriahas calledontheFederal Governmenttoinvolve reputableforeignfirmsas technicalandequity partnersinthemanagement ofthePortHarcourt refinery.

Theassociation'snational publicrelationsofficer, JosephObele,commended theGroupChiefExecutive Officer(GCEO)ofthe NigerianNational PetroleumCompany (NNPC)Limited,Bayo Ojulari,forinitiatinga processthatcouldseethe refineryrunundera technicalandequity partnershipmodel.

PETROANparticularly

hailedNNPC'sdecisionto awardtherefinery's assessmentcontracttoUOP, awell-knowninternational firm.Theassociationfurther stressedthatengaginga technicalpartnertoassess theplant'sconditionwould guideinvestorsinmaking informeddecisions, describingitasasignificant steptowardsrestoringthe refinery'soperations.

(The Point, September 22, 2025)

Katsinamarks38thanniversary withlandmarkrenewableenergy projects

GovernorDikkoUmaru

RaddaofKatsinastatehas reaffirmedhis administration's commitmenttoclean, reliable,andaffordable energyashecommissioned aseriesoflandmark renewableenergyprojects tomarkKatsina's38th anniversary

Thegovernordescribedthe projectsasaboldstep towardtransformingthe state'senergysectorand creatingnewgrowth opportunities.Henotedthat fromthefirstdayofhis administration,aclear blueprintanchoredon prudence,discipline,and transparencywasfollowed,

Nigeriasecures$2mnforclean energyscale-up

Nigeriahassecuredover$2 millionfromtheGlobal EnergyAllianceforPeople andPlanet(GEAPP)to scaleinterconnectedminigrids,amovethatwill accelerateaccesstoclean, reliableelectricityfor hundredsofthousandsof people.

Theannouncementwas madeonthesidelinesofthe recentlyconcluded80th UnitedNationsGeneral Assembly(UNGA80)in NewYork,whereGEAPP

unveiledatotalof$16 millionincommitmentsto expandenergyaccessacross Africa.

Thefundingispartof Mission300,ajoint initiativeledbytheWorld BankGroupandtheAfrican DevelopmentBankto connect300million Africanstoelectricityby 2030.

(Point Blank News, September 23, 2025)

andtodayitisyielding tangibleresultsinlessthan threeyears.

“InlinewithNigeria's EnergyTransitionPlanto achievenet-zeroemissions by2060,KatsinaStatehas maderemarkableprogress. Acrosshospitals,schools, andwaterfacilities,weare deployingover20 megawattsofsolarpower with10megawatt-hoursof batterystorage.Thismeans betterhealthservices, brighterclassrooms,and cleanwaterforour communities,”saidthe governor.

thattheprojecthasbeen hybridizedwithan additional10MWofsolar power,makingKatsinaa pioneerinsubnational clean-energyleadershipin Nigeria.

Thegovernorfurther disclosedthatthestatehas providedcounterpart fundingfora1MWminihydrosystematDanja Dam,inpartnershipwith theFrenchTreasuryand OceanÉnergie.Healso revealedthatconstruction ofthestate'sfirstLiquefied andCompressedNatural Gas(LNG/CNG)stationis over90percentcomplete, promisingcheaperand cleanerfuelfortransporters andindustries.

Raddaalsoannouncedthe revivalofthelong-stalled 10MWLambarRimiWind Farm,nowfullyownedby theKatsinaState Government.Herevealed (BusinessDay, September 24, 2025)

AbiatopartnerUS-basedfirm onpowergeneration,waste management

AlexOtti,GovernorofAbia State,hassaidthathis administrationisopenfor partnershipinpower generationandtransmission intheremainingeightlocal governmentareasofthe statethatarenotcoveredby AbaPower

Thelocalgovernmentareas areUmuahiaNorth, UmuahiaSouth, Arochukwu,Bende, Isiukwuato,Ohafia,and Umunneochi,whicharenot coveredbyAbaPower,that generatesandtransmits powertoAbaandits environs,coveringnine localgovernmentareas throughGeometricPower

GovernorOttistatedthis whenhereceivedateam fromINNOVPower

Solutions,USA-basedfirm ledbyMohammedKonate, whovisitedhiminhis office.

GovernorOtti,however, directedrelevantministries, departmentsandagencies involvedtofurtherengage theorganizationtodeepen discussionsandworkout areasofpartnership.

Heequallystatedthathis administrationisinterested inwastemanagement, havingcleaneduprefuse dumpsthatoncedefacedthe majorcitiesofthestate afterhedeclaredastateof emergencyinthestate's wastemanagementsector onassumptionofoffice.

(BusinessDay, September 24, 2025)

NUPRCapprovesTotalEnergies' $510mdealwithShell,Agip

TheNigerianUpstream PetroleumRegulatory Commission(NUPRC)has signedoffonasales purchaseagreement(SPA) byTotalEnergies ExplorationandProduction NigeriaLimitedtoassignits entire12.5%contractor interestinOilMiningLease (OML)118toShellNigeria ExplorationandProduction Company(SNEPco)and NigerianAgipExploration

Limited(NAE).

Accordingtothedetailsof theagreement, TotalEnergieswilltransfer 10%ofitsinterestto SNEPcoatacostof$408, 000,000whileNAEwill pay$102,000,000forthe remaining2.5%.

NUPRCsaidinastatement thatpursuanttoSection95 ofthePetroleumIndustry

NUPRCclarifies TotalEnergies/Chappaldeal

TheNigerianUpstream PetroleumRegulatory Commission(NUPRC)has issuedanofficial clarificationonthestatusof theTotalEnergiesand ChappalEnergiesdeal, whichfirstreceived ministerialconsenton October28,2024.

NUPRChadonOctober28, 2024conveyedagrantof ministerialconsenttothe transferofTotalEnergies' entire10%participating interestintheNigerian NationalPetroleum CompanyLimited (NNPCL)andShell PetroleumDevelopment Company(SPDC)Joint Venture–excludingOMLs 23,28and77–toTelema EnergiesNigeriaLimited ownedbyChappal Energies.

Specifically,thisdivestment involvedTotalEnergies' 10%participatinginterestin OilMiningLeases(OML) 20,21,22,23,25,27,28, 31,32,33,35,36,43,45, 46,74,77and79.However, monthsaftertheapproval, ChappalEnergiesfailedto consummatethedeal, despiteextensions graciouslygrantedbythe commission.Basedonthis, theministerialconsentfor thedealwaswithdrawnon May29,2025.

However,thewithdrawalof ministerialconsentdoesnot inanywayruleoutthe possibilityofafuture divestmentbytheinterested parties,providedsuchan assetsaleisinlinewith extantlaws.

(NUPRC, September 25, 2025)

Act2021,thecommission carriedoutduediligenceon SNEPcotoascertaintheir financialcapacityand technicalcompetence.

“SNEPcoandNAEhave demonstratedbothtechnical andmanagerialcompetence tooptimallycontributeto theupstreamoperations (explore,developand produce)inOML118.They alreadymaintaina participatinginterestinthe asset.

“Basedonthepresentations anddocumentssubmitted, thereisaclearevidencethat theyhaveaccesstofunding tomeettheirfinancial obligations,”the commissionsaid.

NUPRCfurtherstatedthat TotalEnergies,acommitted operatorinNigeria'svibrant upstreamsector,hasalso paidthestatutory applicationfeeforthedeal.

(NUPRC, September 25, 2025)

Bayelsaprocures60mw gaspowerplant

AchieftainoftheAll ProgressivesCongress (APC)inBayelsaState, FestusDaumiebi,has laudedtheStateGovernor, SenatorDouyeDiri,onthe arrivaloftheelectricitygas turbinesinthestateforthe establishmentofapower plant.

Daumiebisaidthe governor'spromiseof24 hoursuninterruptedpower supplyinBayelsastateis beingfulfilledwiththe procurementofthe60 megawattsindependentgas turbinepowerplantwhich hasarrivedinYenagoa. Fourtrucksconveyedthe importedgasturbinesfrom thestatecapitalforonward movementtothesite alreadybuiltforits installation.

ResidentsofYenagoa,the BayelsaStatecapitalhad beenexperiencingepileptic powerandwatersupplyfor manyyears,whichled manybusinessestoleave thestateinthepast. However,thereisnow optimismthatthenewgas turbineswillbringsuccour tomanybusinessesand homes.

(ThisDay, September 26, 2025)

Dangoteresumessale ofpetrolinnaira

TheDangotePetroleum Refineryhasresumedsale ofpremiummotorspirit (PMS)innairalessthan24 hoursaftersuspendingthe sale.

Thereversaloftheearlier decisionfollowedthe interventionofthechairman ofthenairaforcrude transactioncommittee,Dr. ZacchAdedeji,whoisalso theexecutivechairmanof theFederalInlandRevenue Service(FIRS).

Thenairaforcrude arrangementwasinstituted bythefederalgovernment throughtheNigerian NationalPetroleum Company(NNPC)Limited toprovidecrudeoilfor domesticrefineries. However,theinitiativehas beenfacedwiththe challengeofinadequate crudeoilsupply.

TheDangoteRefineryhad

Nigeriapushesdigital,greentech tounlock$22bnenergymarket

TheFederalGovernment hascalledoninnovators, investors,andentrepreneurs toseizeopportunitiesin greentechnologyand digitaltools,describing themasthefoundationfor Nigeria'sfuturebusiness growthand competitiveness.

Ministerofyouth development,Ayodele Olawande,speaking throughhisseniortechnical adviser,ObinnaEbirim,at thethirdeditionofthe TechnologyEcosystem DialogueinAbuja,saidthe digitalandenergy revolutionwasopeningnew frontiersforcommerce, jobs,andinnovation.

AccordingtoVictorOgene, chairmanofthehouse committeeonrenewable energy,Nigeriacurrently spendsover$22billion annuallyonoff-griddiesel generation,withmorethan 60millionsmallgenerators

inoperation.Heprojected thatconnectingjust25per centofNigeria's85million energy-poorhouseholdsto renewablesystemswithin fiveyearscouldcreateover 200,000greenjobs,expand agro-processingindustries, andcutcarbonemissionsby millionsoftons.

Ogenefurtherhighlighted thebusinesscasefor digitalization,stressingthat smartmetering,AI-driven loadmanagement,and mobile-enabledvending systemscanreduce operationallosses,improve efficiency,anddrive transparencyinthepower sector

(Tribune, September 27, 2025)

earlierinanoticeto customerssaiditwouldhalt thesaleofproductsinnaira witheffectfromSunday, September28,2025.It explainedthatthefacility hadbeensellingpetroleum productsbeyondits approvednairacrude allocationandcouldno longersustainthe arrangement.

(Daily Trust, September 27, 2025)

SaharaGroup'sAfam2power plantadds160mwtonationalgrid

SaharaGroup'sAfam2 PowerPlantinRiversState hasrampedupgenerationto 160megawatts,boosting powersupplytoNigeria's nationalgridandadvancing thenation'senergy reliabilityagenda.

CommissionedbyPresident BolaAhmedTinubuon June5,2025,the180 megawattAfam2Power Planthasemergedasa criticalcontributortothe nation'senergysector The plant'sperformancereflects SaharaGroup's commitmenttobringing energytoliferesponsibly, ensuringreliablepowerfor homes,communities,and businessesnationwide.

Thegroupmanaging director,SaharaPower Group,Dr.KolaAdesina, describedthemilestoneas anattestationtoSahara's top-notchhumancapital andunwaveringvisionof

lightingupAfrica.“Itis noteworthythatthis achievementwasrecorded withzerodowntime incidents,reflectingthe expertiseandtechnical excellenceoftheteamon ground.Weareproudofthe teamandourcollective achievement,”hesaid.

Adesinanotedthatthe ramp-upto160megawatts atAfam2wasmade possiblebyrecent improvementsingassupply andongoinginfrastructure upgrades,enablingtheplant tooptimizeitsoutputinline withnationaldemand.

(Leadership, September 28, 2025)

NNPC,DangoteRefinerysign freshtwo-yearcrudeoildeal

TheNigerianNational PetroleumCompany (NNPC)Limitedhassigned anothertwo-yearcrudeoil supplyagreementwiththe DangotePetroleum Refinery.Thenewly-signed dealwouldensurethe steadysupplyofcrudeoilto

the650,000-barrel-per-day refinery,whichislocatedin theLekkiareaofLagos.

Thisisinlinewiththe federalgovernment's determinationtosupply morecrudeoiltothe facility,especiallyinnaira.

Nigeriabeginscompensation forindigenesofOgoniland

Thefederalgovernmenthas commencedtheprocessof compensatingtheindigenes ofOgonilandinthecoutry's NigerDeltaregion,whose landedproperty,farmsand livelihoodshavebeen affectedbytherightofway oftheongoingconstruction ofamajorpowerprojectin thearea.

Theproject,afederal governmentinitiativebeing executedbythe HydrocarbonPollution RemediationProject (HYPREP),ismeantto provideelectricitytoOgoni communities,inlinewith therecommendationsofthe UnitedNations EnvironmentProgramme (UNEP)2011reportonthe

environmentalassessment ofOgoni,followingyears ofdevastationcausedbyoil explorationandexploitation inthearea.

ThegovernmentofNigeria, throughitsagency, HYPREP,whichissaddled withtheresponsibilitiesof implementingthe remediationandlivelihoods restoration recommendationsofthe UNEPreport,beganthe verificationprocessforthe rightofwaycompensation recentlyattheHYPREP liaisonofficeattheGokana Councilheadquartersin Kpor,RiversState.

(AriseNews, September 29, 2025)

Anestimated82million barrelsofcrudeoilhaveso farbeenallocatedtothe refineryfromOctober2024 todate.Outofthe82 millionbarrels,60percent, being49.3millionbarrels, wassoldinnairatothe refinery,accordingto governmentfigures.

Thechiefcorporate communicationsofficerof NNPC,AndyOdeh,saidthe companyhadcontinuedto allocatecrudeoiltothe refineryinnairaandwill maintainthepolicy

Dangoterefineryandthe NigerianMidstreamand DownstreamPetroleum RegulatoryAuthority (NMDPRA)periodically reconcilethevolumeand costofcrudeoilsuppliedin nairatoascertainifthe figuresarecommensurate withthecrudeoildelivered. Healsomaintainedthatthe state-ownedenergy companyandtherefinery negotiatedandsignedanew salesandpurchase agreementthatwould terminatein2027.

AccordingtoOdeh,NNPC, (Punch, September 30, 2025)

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