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4 days ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Nigeria’s oil and gas sector has long been the backbone of the economy, yet the sector faces persistent challenges, including declining production, security concerns, regulatory inefficiencies, and underdeveloped infrastructure. In this interview, Ola Alokolaro, managing partner and head, energy & infrastructure group at Advocaat Law Practice, discussed promising opportunities, particularly in gas commercialisation, local refining capacity, and upstream reforms.
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5 days ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Nigeria’s oil and gas sector is undergoing a seismic transformation. Buoyed by a government eager to reassert the country’s place on the global energy map, a fresh wave of reforms, strategic partnerships, and ambitious infrastructure projects is reshaping Africa’s largest oil-producing nation. The centerpiece of this shift is a bold strategy to double oil production and unlock the full potential of Nigeria’s vast natural gas reserves.
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5 days ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Empower New Energy has signed a new agreement with Justrite Superstores to expand their solar and battery energy installations to 11 additional store locations, bringing the total to 21 across southwestern Nigeria, in a major step forward for Nigeria’s green energy transition. The deal marks the second phase of a transformative sustainability partnership that began in 2024 and represents one of the largest commercial solar rollouts in West Africa.
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6 days ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Nigeria’s deepwater oil production has plummeted to its lowest level in five years, underlining the growing structural and investment challenges facing Africa’s largest oil producer. Latest industry data show the country’s deepwater output stood at 428,385 barrels per day (bpd) as of April 2025, a sharp decline from 629,558 bpd recorded in 2020, representing a 32 percent drop over the period.
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6 days ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Home > Energy > Aging rigs drag deepwater oil output to five-year low Share Nigeria’s deepwater oil production has plummeted to its lowest level in five years, underlining the growing structural and investment challenges facing Africa’s largest oil producer.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
The adoption of Compressed Natural Gas (CNG) as a fuel alternative for petroleum tanker trucks could reduce operational costs by as much as 40 percent, according to the Major Energies Marketers Association of Nigeria (MEMAN). The statement was made during MEMAN’s second quarter 2025 Quarterly Press Webinar and Engagement, where stakeholders from across the energy value chain gathered to discuss the future of fair and healthy competition in Nigeria’s downstream petroleum market.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
The Annual Gas Turbine Asset Management Conference 2025, an initiative of Thomassen Energy and PE Energy, is set to take place on June 23 – 24, 2025, at the Continental Hotel, Abuja. With the theme “Unleashing Value: Innovative Asset Strategies for a Resilient African Economy,” the event will unite industry leaders, engineers, energy experts, and policymakers to shape a smarter, more sustainable energy future for Nigeria and Africa at large.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
The Dangote Petroleum Refinery’s new plan, which is set to transform the way petroleum products are transported and distributed nationwide, is shaping up to be one of the most disruptive moves in Nigeria’s downstream oil and gas sector, according to findings by BusinessDay. Effective August 15, 2025, the refinery will begin direct distribution of premium motor spirit (PMS) and diesel to a wide spectrum of large-scale users across Nigeria.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Home > Oil & Gas > Dangote’s bet on CNG to shake up downstream sector Share The Dangote Petroleum Refinery’s new plan, which is set to transform the way petroleum products are transported and distributed nationwide, is shaping up to be one of the most disruptive moves in Nigeria’s downstream oil and gas sector, according to findings by BusinessDay.
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1 week ago | 
businessday.ng | Oladehinde Oladipo |Dipo Oladehinde
Nigeria may be facing another wave of fuel scarcity as petroleum marketers and truck owners protest the enforcement of a N12,500 e-call-up levy. This charge applies to trucks operating along Lekki-Epe, by the Lagos State Government. On Monday, members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the National Association of Road Transport Owners (NARTO) staged a peaceful protest by pulling fuel and haulage trucks from the route.
