Energy Archives | NEWSTAGE

House Speaker Inaugurates 2nd NASENI-Portland CNG Centre, Commends Agency’s Positive Impact on Nigerians lives

by Olusegun Edwards
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The Speaker of the House of Representatives, Hon. Tajudeen Abbas, has commended the National Agency fof Science and Engineering Infrastructure (NASENI) for promoting affordable and cleaner energy solutions through the establishment of NASENI-Portland CNG Conversion, Training Centre and Refill Station, Kubwa, Abuja The Speaker represented by Hon. Alex Mascot Ikwechegh while commissioning the NASENI-Portland CNG […]

UBA faults sale of IBEDC by AMCON

by Olusegun Edwards
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United Bank for Africa (UBA) Plc has rejected the reported sale of its 60 per cent stake in the Ibadan Electricity Distribution Company (IBEDC) for N100 billion by the Asset Management Corporation of Nigeria (AMCON), describing the transaction as unlawful, opaque, and carried out without its consent or due process. Speaking during a media […]

Presidency Welcomes Dangote Refinery’s 4,000 CNG Trucks; Says it’s a milestone to gas-powered transport in Nigeria

by Olusegun Edwards
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The Presidential Compressed Natural Gas Initiative (PCNGI) has welcomed the Dangote Refinery’s fuel distribution plan that will see it deploying 4,000 Compressed Natural Gas (CNG) trucks across Nigeria. Speaking to newsmen on the sideline of the just concluded West Africa Economic Summit (WAES) in Abuja, Commercial Coordinator, Tosin Coker, said: “This is a landmark development, […]

Energy Experts:Dangote’s initiative will reduce production costs, ease inflationary pressures, and stimulate economic growth

by Olusegun Edwards
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The new initiative of the Dangote Petroleum Refinery has continued to draw accolades from energy experts in the country, with some describing it as the best that has happened to the sector since Independence. The Chief Executive of Financial Derivatives Company, Bismarck Rewane, said the company’s free distribution initiative will reduce production costs, ease inflationary […]

US Imports Over 2m Barrels of Jet Fuel From Dangote Refinery; Experts Hail Refinery, Drum Support

by Olusegun Edwards
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The growing influence of the Dangote Petroleum Refinery & Petrochemicals is extending far beyond Africa and the Middle East, as the United States imports over two million barrels of jet fuel from the world’s largest single-train refinery in March. Experts assert that this development should bring immense joy to Nigerians, as it attests to the […]

Dangote to Refund Customers Who Purchase PMS Above Advertised Rates From Key Partners

by Olusegun Edwards
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Dangote Petroleum Refinery & Petrochemicals has announced that it will refund customers who purchase Premium Motor Spirit (PMS) at rates higher than the advertised prices from any of its key partners – AP (Ardova Plc), Heyden, or MRS – across Nigeria. This move follows the refinery’s recent reduction of its gantry price from N890 per […]

Dangote Refinery Announces Reduction of Ex-Depot Cost of PMS To N890

by Olusegun Edwards
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In a bold move to drive economic relief for Nigerians, Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890 per litre, effective from Saturday. This price adjustment is in response to favourable developments in the global energy sector and a significant decline in […]

Why We Increase Petrol Price Amid Global Crude Oil Surge-Dangote Refinery Explains

by Olusegun Edwards
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Dangote Refinery says the recent adjustment in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, is directly attributed to the increase in global crude oil prices. Mr Anthony Echiejina, Head of Corporate Communications, Dangote Industries, said this in a statement on Sunday in Lagos. On January 17, Dangote refinery increased petrol […]

Oil Cabals Crippled Govt Refineries, Now Working Against Dangote Refinery – Pastor Adeboye

by Olusegun Edwards
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The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has urged Nigerians to pray for divine intervention in the face of efforts by unscrupulous oil marketers to thwart the operations of the Dangote Petroleum Refinery, following the previous sabotage of Nigeria’s four state-owned refineries. The respected clergyman made the call […]

Oando Emerges ‘Deal of the Year’ Award Winner at Africa Energy Week 2024

by Olusegun Edwards
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Africa’s leading energy solutions provider listed on the Nigerian Stock Exchange (NGX) and Johannesburg Stock Exchange (JSE) is pleased to announce that the Company has emerged winner of the ‘Deal of the Year’ award at Africa Energy Week (AEW) 2024. The Africa Energy Chamber (AEC), the organisers of the annual week-long oil and gas conference, […]

Q3 2024: Seplat Energy Grows Revenue to N1.071trn

by Olusegun Edwards
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Seplat Energy Plc has recorded N1.071 trillion for the third quarter of 2024, an increase from the N478.1 billion posted in the same period of 2023. The company stated this in its unaudited results filed with the Nigerian Exchange Ltd. (NGX) and the London Stock Exchange on Tuesday,, 29th 2024. The company’s Chief Executive Officer […]

Dangote On IPMAN: Setting the Record Straight

by Olusegun Edwards
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The Dangote Petroleum Refinery wishes to clarify that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to purchase refined petroleum products. Although discussions are ongoing with IPMAN, it is misleading to suggest that they (IPMAN Members) are experiencing difficulties loading refined products from our Petroleum Refinery, as we […]

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