Commerce & Industry

NIGERIA, SOUTH AFRICA STRENGTHEN ENERGY TIES TO TACKLE CONTINENTAL ENERGY DEFICIT Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri Ph.D, has emphasized that Africa must begin to look inward for sustainable solutions to its energy challenges. He stated that boosting local production capacities while retaining generated resources within the continent is key to long-term energy security. Senator Lokpobiri …

  The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, on Saturday visited the Tebedaba-Brass trunkline in Brass Local Government Area of Bayelsa State following an attack by unknown vandals. The Tebedaba-Brass trunkline, now owned by Oando (formerly O and O) after its acquisition from the Shell Petroleum Development Company (SPDC), supplies crude oil to the Brass terminal. …

Invest in Nigeria FG Tells International Oil Company Says Government has done its part, industry must match efforts with tangible investments The Federal Government has called on International Oil Companies (IOCs) operating in Nigeria to ramp up investments in the country’s oil and gas sector, emphasizing that the administration of President Bola Ahmed Tinubu has provided every necessary incentive to …

Host Communities Critical Stakeholders In The Oil Industry: Lokpobiri The Minister of state for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that Host Community Trust Fund is a crucial component of the Petroleum Industry Act designed to ensure that oil and gas bearing communities benefit from the energy sector. Speaking when he granted audience with a team from the Nigerian …

Lokpobiri Calls for PETROAN’s Support in Oil Sector Reforms Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has emphasized the crucial role of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) in the success of the government’s ongoing reforms in the oil sector. Hosting a delegation from PETROAN, which visited to express support for the administration’s …

Global Leaders, Industry Players Dialogue On Global, Regional Challenges And Energy Transition. Global Leaders and industry players has engaged on global regional challenges, Africa’s development and energy transition. The engagement by the leaders took place at the just concluded World Economic Forum (#WEF25) in Davos, Switzerland, In a statement issued by the Nigeria Minister of State for Petroleum Resources (Oil) …

Tarrif Increment: Ekiti Monarch Tasks Telecommunication Providers to Improve Services The Alawe of Ilawe-Ekiti, Oba Adebanji Ajibade Alabi, AFUNTADE 1 has tasked telecommunication service providers to match their costs with good services following the recent 50 percent tarrif increment. Reacting through his Media Adviser, High Chief Ajibade Olubunmi, Oba Alabi frowned at the poor services being rendered to his community …

Norway doubles down on Oil and Gas •Norway’s oil and gas investment is expected to reach a record high in 2025, driven by new exploration activity and increased demand for Norwegian gas. •While Norway is a leader in renewable energy, it continues to invest heavily in oil and gas production, raising concerns about its climate commitments. •Norway aims to balance …

NAFDAC Seals Abuja Chinese Supermarket For Violating Regulations. By Shalom Oludele   National Agency for Food and Drug Administration and Control (NAFDAC), on Monday in Abuja, sealed a Chinese supermarket for violating NAFDAC regulations. The Chinese supermarket located at Azba Mall, 2 Durban Street, Wuse 2, Abuja, would undergo investigation for allegedly selling goods labelled in Chinese language without its …

Minister Of Petroleum List Achievements, Commends President Tinubu Oil Sector Reforms. The Honourable Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri, has attributed the successes recorded in the oil sector to the presidential directive to ramp up oil production to a sustainable level. Lokpobiri who made this known through a statement issued to newsmen said the presidential directive …