Seplat Announces Plan to Deliver 13 New Oil Wells Seplat Energy Plc has announced its drilling programme for 2024 with plans to deliver 13 new oil and gas wells across its operated and non-operated assets. The company disclosed this in its unaudited results for the first...

FG Reduces Tariff for Band A Customers to N206.80/kwh The Federal Government has approved a downward review in electricity tariff for Band A customers to N206.80/kwh, from N225/kwh. Ban A customers are electricity consumers with a minimum supply of 20 hours daily. In a notice to its...

Nigeria Signs Afrexim Bank Trade Development Fund Nigeria has officially signed the Establishment Agreement for the Fund for Export Development in Africa (FEDA), an impactful investment platform managed by the African Export-Import Bank (Afreximbank). With this accession, Nigeria becomes the 16th nation to join the...

FG Splits TCN, Hands National Grid to New Company A new order by the Nigerian Electricity Regulatory Commission (NERC) will, in the next 30 days, create the Nigerian Independent System Operator of Nigeria Limited (NISO), leading to a split of the Transmission Commission of Nigeria...

Tinubu to Inaugurate Gas Processing Plants in Delta, Imo The federal government says President Bola Tinubu will commission three critical gas infrastructure projects undertaken by the Nigerian National Petroleum Company (NNPC) Limited and partners. The projects include the AHL gas processing plant 2, the ANOH gas...

Cardoso Urges Fiscal Authorities to Address 'New Sources' of Inflation The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, has called on the fiscal authorities to address new sources of inflation to complement the efforts of monetary policy in achieving price stability. In his...