Wednesday, July 9, 2025

ENERGY

ENERGYTOP STORY

Industry leaders defend local content, rally behind NCDMB at NOG Energy Week

At the NOG Energy Week in Abuja, industry leaders robustly defended Nigeria’s local content policy, rejecting claims that it inflates business costs in the oil and gas sector. They cautioned that such criticisms jeopardize the nation’s industrial progress and lauded the Nigerian Content Development and Monitoring Board (NCDMB) for its...
ENERGYTOP STORY

AMCON sells 60% stake in Ibadan DisCo for N100bn

The Asset Management Corporation of Nigeria (AMCON) has announced that the Ibadan Electricity Distribution Company (IBEDC) has been sold. Gbenga Alake, the Managing Director (DMD) and Chief Executive Officer (CEO) of AMCON, disclosed details of the sale during a media parley on Thursday. In April 2024, the Federal Government said...
ENERGYTOP STORY

Tinubu approves licenses for Kolmani Oil Project

  President Bola Tinubu has approved the issuance of critical regulatory licenses for the Kolmani Integrated Development Project. The project is a multibillion-dollar oil exploration initiative located between Bauchi and Gombe states. The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, disclosed this during the commissioning of the permanent site of...
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