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Five Fuel Vessels Arrive Lagos

With mounting concerns about Nigeria’s energy security, five fuel vessels have berthed with Premium Motor Spirit (PMS), popularly called petrol and Automotive Gas Oil (AGO). It...

World Bank deploys $114.9 to finance global crises in 2022

Business1 month ago

NMDPRA Seeks World Bank’s Backing for $22bn Africa-wide Gas Collaboration

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has urged the World Bank to back a $22 billion push for gas infrastructure that spans Africa,...

NEWS1 month ago

Why Petrol Prices Keep Rising in Nigeria Despite Dangote’s Mega Refinery

Despite the presence of the Dangote Refinery, Nigerians are now paying about 65 percent more for petrol, as rising global oil prices and supply challenges continue...

Gas development, a major carbon reduction move - Seplat Energy

Energy1 month ago

Decade of Gas: Ekpo Moves for Regional Gas Development, Collaboration To unlock Africa’s vast natural gas potential and address persistent energy deficits, Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has moved for stronger regional collaboration intracontinent. This is even as Nigeria keeps pushing for Integrated Gas Market, Cross-Border Projects at the Ministerial Roundtable on Regional Gas Development and Cooperation in Africa, held in Abuja. At the event which had participation from the World Bank, Ekpo stressed that Africa’s energy future hinges not on the abundance of its resources but on collective action and coordinated strategies. Addressing ministers, development partners, and stakeholders, the minister highlighted the paradox of Africa’s energy landscape, noting that while the continent holds over 600 trillion cubic feet of proven natural gas reserves, more than 600 million people still lack access to electricity, with millions relying on traditional fuels for cooking. “This is not a question of resource availability, but one of coordination, infrastructure, and collective action,” he said. Ekpo described natural gas as a critical pathway to Africa’s self-reliance, capable of driving industrialisation, expanding energy access, and strengthening economic resilience. However, he emphasised that no single country can unlock this potential alone, underscoring regional cooperation as the cornerstone of sustainable development. He noted that Nigeria, with over 210 trillion cubic feet of gas reserves, is advancing its “Decade of Gas” initiative to position itself as a regional hub through partnerships with other African nations. He cited key cross-border projects already demonstrating the benefits of collaboration, including the West African Gas Pipeline, Trans-Sahara Gas Pipeline, Nigeria–Equatorial Guinea Gas Pipeline, and the Nigeria–Morocco Gas Pipeline. To scale up impact across the continent, Ekpo outlined four priority areas for deepened cooperation. These include the development of regional gas supply and market frameworks, with a shift from fragmented national systems to integrated markets featuring transparent pricing, aggregated demand, and efficient cross-border trade. The Minister also emphasised the need to expand gas-to-power and clean cooking initiatives to ensure that gas development translates into tangible benefits such as reliable electricity and improved living standards for citizens. On financing, the minister called for innovative, climate-aligned funding models, including blended finance structures, increased private sector participation, and stronger collaboration with international partners like the World Bank. Ekpo further stressed the importance of harmonising policy and regulatory frameworks across countries to reduce investment risks and accelerate project delivery, pointing to Nigeria’s Petroleum Industry Act as a useful reference model. He described natural gas as Africa’s “transition fuel,” serving as a practical bridge for expanding energy access, supporting industrial growth, and lowering emissions intensity, while ensuring a just and inclusive energy transition. The minister urged that the Abuja roundtable should move beyond discussions to deliver concrete outcomes, including clearly defined areas of cooperation, identification of priority bankable cross-border projects, and the establishment of institutional mechanisms to drive implementation. Reaffirming Nigeria’s commitment, Ekpo said the country stands ready to collaborate, invest, and provide leadership where necessary in building an integrated African gas market. He concluded that aligning vision, coordinating actions, and committing to shared progress would enable Africa to transform from a continent of stranded gas resources into one of integrated energy prosperity. “The future of Africa’s energy lies not in isolated pipelines, but in connected systems, shared markets, and collective ambition,” he said.

To unlock Africa’s vast natural gas potential and address persistent energy deficits, Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has moved for stronger...

NEWS1 month ago

Foreign Affairs Minister Tuggar Resigns, Declares Governorship Interest

Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, has resigned from his position, officially confirming his intention to contest for the governorship of Bauchi State. The development...

NCDMB Emerges Best MDA In Ease Of Doing Business Ranking

Energy1 month ago

NCDMB: ESSO’s $23m LADOL Shorebase Signals Logistics Rise

The Nigerian Content Development and Monitoring Board (NCDMB) has commended ESSO Nigeria for the groundbreaking of its $23 million permanent shorebase facility at the LADOL Deep...

NEWS1 month ago

“We Know Those Behind It” — Lucky Aiyedatiwa Govt Threatens Billboard Vandals

The Ondo State Government has issued a stern warning to political actors involved in the vandalism of campaign billboards, promising that perpetrators and their sponsors will...

Politics1 month ago

“APC Failure in Disguise?” — Dickson Tears Into ADC Coalition

Former Bayelsa State Governor and Senator, Seriake Dickson, has launched a scathing critique of the African Democratic Congress (ADC), questioning the party’s ideological foundation and describing...

Politics1 month ago

Kebbi PDP Faces Uncertainty as Secretary Bawa Leaves Party

The political landscape of Kebbi State has been thrown into uncertainty following the resignation of the state Secretary of the Peoples Democratic Party (PDP), Abubakar Bawa....

Sports1 month ago

Is De Zerbi the Coach Spurs Need to Avoid Relegation?

Tottenham Hotspur’s Premier League survival may depend on Italian tactician Roberto De Zerbi, who is reportedly open to taking over the club after Igor Tudor’s shock departure....

Biztellers

News

CISA Unveils 2026 Igbo Worldwide Festival of Arts and Culture

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Dangote Group Slams False Claims on Refinery Financing, ‘Rift’ with Elumelu

Fear Grips Oyo Community as Gunmen Kidnap 60-Year-Old Trader

FG Blasts South Africa Over Attacks on Nigerians, Summons Diplomat

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“We Are Raising Fraudsters” — Obi Reacts to EFCC’s Explosive Student Cybercrime Report

Business

Nigeria Looks to New Oil Markets to Decrease Dependence on OPEC – PETAN

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OPEC+ Hikes Oil Production Quotas, Silent on UAE Pull-out

Shareholders Laud NGX Group at 65th AGM

S’Leone Inks $225m Offshore Oil Deal with Nigeria’s Marginal Energy

NASCON Delights Shareholders with 200% Increase in Dividend Payout

Global Demand Takes Dangote Refinery’s Jet Fuel Export over 770% in 24 Months

Jet A1 Soaring Price Forces Local Airlines to Reduce Operations

Waltersmith Doubles Refining Capacity to 10,000 Bpd

Politics

‘He Can’t Compete’ — Presidency Mocks Obi Over ADC Exit

BREAKING: Peter Obi Dumps ADC Ahead of 2027 Election

Rivers 2027: APC Stakeholders Move to Secure Fubara’s Second Term

Major Blow to David Mark Camp as Court Voids ADC Congress Moves

“PDP Can’t Unseat Tinubu with Wike in Charge” — Ulasi Blows Hot, Threatens Exit

Drama in Ogun APC as Gbenga Daniel Claims He Was Barred From Meeting

Who Leads ADC? Supreme Court to Hear Mark’s Appeal in Heated Party Rift

2027: Why ADC, Opposition Leaders Stormed INEC in Abuja

Fresh Political Storm as Obi Raises Alarm Over 2027 Disqualification Plot

Energy

NUPRC, NLNG Deepen Collaboration to Raise Gas Production

NMDPRA Credits Dangote’s Disclosure of Aviation Fuel Price with Potential Market Stability

Dangote Refinery Recalls Redeployed Engineers

UAE Jolts Global Oil Market, Quits OPEC, OPEC+

NDPHC, NCDMB Partner on 10MW Power Supply to Odukpani Park

NUPRC Assures Refiners of Crude Supply, Urges CORAN to Bid for Oil Blocks

Nigeria’s Gas Producers Focus on Foreign Markets in Q1

Dangote Supplies over 72% of Nigeria’s Petrol as Consumption Falls 17%

Ekpo Commends SPL, NCDMB Over Utorogu Gas Plant

Entertainment

Why Osun is Tapping into $2 Trillion Global Creative Industry Economy

UK Says ‘No Entry’ to Kanye West Ahead of Big Comeback Show

‘Cancer Is Not a Joke, Show Proof’ – VDM Calls Out Blessing CEO

Blessing CEO Battles Breast Cancer, Appeals to Fans for Urgent Surgery Support

Burna Boy Breaks Record as Africa’s Top-Grossing Concert Artist

After Years of Controversy, Tonto Dikeh Declares Love for Ex-Husband Churchill

Maritime

Sahara Group expands fleet with new 40,000 cbm LPG Carrier

Anchored in Partnership: IMO Secretary General’s Visit Rekindles Nigeria’s Maritime Ambition

Gale of Promotions at NIMASA

Nigeria Embraces Eight Codes Of Maritime Labour Convention Amendments (MLC 2006)

CVFF- House of Reps Backs Marine & Blue Economy Ministry

Shettima Urges Stronger Synergy Among MDAs For Nigeria’s Business Environment

Crime

“My Properties Are Legitimate” — Malami Challenges EFCC Allegations in Court

Why South African Opposition Leader Malema Was Sentenced to 5 Years in Prison

Court Orders Arrest of Ex-Minister Sadiya Farouq, Perm Sec Over Alleged $1.3m, N746m Fraud

“Where Is My Baby?” — Woman Sparks Chaos in Lagos Hospital Over ‘Missing’ Twin After Delivery

Court Pushes Malami, Son’s Terrorism Financing Trial to April 15

How Routine FRSC Patrol Exposed Wanted Driver, Recovered Stolen Sienna

Election Scandal in Abuja: Woman Busted With 20 Voter Cards in Kabusa

NAFDAC Cracks Down On Alleged Expired Goods Ring In Niger, Seals 18 Warehouses

ICPC Storms El-Rufai’s Abuja Residence Amid Ongoing Probe

Sports

PAMOJA 2027: CAF Confirms Dates for First-Ever Three-Nation AFCON

Govt Remodels Osogbo Stadium to 15,000 Sitting Capacity

O’Reilly Deserves EPL Young Player of the Season – Guardiola

Deadly Ambush: Ghanaian Footballer Killed as Gunmen Attack Team Bus

Ronaldo Nets 967th Career Goal as Al Nassr Maul Al-Najma 5-2 in Saudi Pro League

Is De Zerbi the Coach Spurs Need to Avoid Relegation?

Global Alarm: Amnesty Raises Red Flag Over 2026 World Cup Safety

‘Get Out!’ – Verstappen Clashes With Journalist at Japanese GP

CAF Under Fire as Guinea Challenges Morocco’s 1976 AFCON Win after Senegal Ruling

More News

Five Fuel Vessels Arrive Lagos

NMDPRA Seeks World Bank’s Backing for $22bn Africa-wide Gas Collaboration

Why Petrol Prices Keep Rising in Nigeria Despite Dangote’s Mega Refinery

Foreign Affairs Minister Tuggar Resigns, Declares Governorship Interest

Is De Zerbi the Coach Spurs Need to Avoid Relegation?

Is De Zerbi the Coach Spurs Need to Avoid Relegation?