TotalEnergies, bp, Equinor, Shell launch $500m initiative to expand global energy access
Post AMUGE
November 15, 2024
Onome Amuge TotalEnergies, bp, Equinor, and Shell have committed to a joint investment of $500 million, a collective move to advance the United Nations’ Sustainable Development Goal 7 (SDG7), which seeks to ensure affordable, reliable, sustainable, and modern energy for all. This strategic partnership, according to the oil conglomerates, aims to create a meaningful […]
Govt’s support for Dangote Refinery will encourage further investments in downstream- MAN
Post AMUGENovember 15, 2024
Joy Agwunobi (L- R), Aliko Dangote, president, Dangote Industries Limited; and Francis Meshioye, President of Manufacturers Association of Nigeria (MAN), during the visit of the executives of Manufacturers Association of Nigeria ( MAN) to Dangote Petroleum Refinery and Petrochemicals in Lekki, Lagos. Manufacturers Association of Nigeria (MAN) have solicited the support of both Nigerians and the […]
NNPC denies stopping fuel imports, slams inaccurate news report
Post AMUGENovember 14, 2024
The Nigerian National Petroleum Company (NNPC) Ltd. has described a news report that it had ended the importation of refined petroleum products and is now sourcing from the Dangote Petroleum Refinery and other local refineries as a misrepresentation and misinterpretation of fact. A national newspaper, had on Tuesday, November 12, credited NNPC’s Group Chief Executive […]
FG mulls private sector investment to bridge $10bn power sector funding gap
Post AMUGENovember 14, 2024
Onome Amuge The federal government has announced its intention to work with the private sector to raise part of the $10 billion funding required to guarantee consistent and reliable electricity for the country over the next five to ten years. This collaboration forms part of the government’s broader strategy to address the chronic power supply […]
Oil cabals crippled govt refineries, now working against Dangote Refinery – Adeboye
Post AMUGENovember 13, 2024
Enoch Adeboye, the general overseer of the Redeemed Christian Church of God (RCCG),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 for nationwide […]
TIME 100 names SEforALL’s CEO, Damilola Ogunbiyi, among influential leaders in Business Climate Action
Post AMUGENovember 12, 2024
Sustainable energy and development trailblazer receives yet another prestigious award Damilola Ogunbiyi, CEO SEforALL TIME has named the CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All, and Co-Chair of UN-Energy, Damilola Ogunbiyi, in its 2024 TIME100 Climate, recognising the 100 most innovative leaders driving business climate action. The recognition is […]
NNPC clears $4.68bn cash call debt to IOCs following petrol subsidy removal
Post AMUGENovember 12, 2024
Onome Amuge The Nigerian National Petroleum Company Ltd (NNPC) has announced the full repayment of its $4.68 billion cash call debt to the five international oil companies operating in the country. This development, according to NNPC, was made possible by the complete removal of subsidies on petrol, allowing for the timely repayment of outstanding dues. […]
FG eyes $10bn power sector investment through Public-Private Partnerships
Post AMUGENovember 12, 2024
The federal government has announced plans to work with the private sector to secure a portion of the $10bn required to ensure steady, 24-hour electricity supply across the country over the next five to 10 years. This approach is intended to solve significant finance and technical difficulties in the power sector. The Minister of Power, […]
IPMAN, Dangote reach agreement on direct petrol supply
Post AMUGENovember 11, 2024
The Independent Petroleum Marketers Association of Nigeria has secured an agreement with Dangote Refinery to lift products directly. IPMAN’s National President, Abubakar Garima, announced this at a press briefing on Monday in Abuja, following a meeting of the National Working Committee of the Association. He said the partnership would ensure a steady, affordable supply of […]
Nigerians choke on high fuel prices as stakeholders battle for control
Post AMUGENovember 11, 2024
Marketers kick as Dangote fights for monopoly Onome Amuge Aliko Dangote, chairman/founder, Dangote Group The phrase “When two elephants fight, it is the grass that suffers” serves as an apt analogy for the Nigerian oil sector, where key players in the industry are embroiled in media altercations while the masses suffer the severe economic consequences […]