Aliko Dangote said his conglomerate rejected attempts by the Nigerian National Petroleum Company Limited to increase its 7.25% stake in the $20 billion Dangote Petroleum Refinery saying the group plans to list the refinery publicly and broaden ownership among Nigerians. Dangote, president of the Dangote Group, disclosed this during an interview with Nicolai Tangen according...
Category: Energy
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Court Jails Nigeria’s Ex-Power Minister Saleh Mamman 75 Years for Corruption
Justice James Omotosho of the Federal High Court on Wednesday sentenced former Minister of Power, Saleh Mamman, to 75 years imprisonment over corruption linked to the Mambilla and Zungeru hydroelectric power projects. The judge convicted Mamman on a 12-count charge and ruled that the sentences would run consecutively. Justice Omotosho also ordered that the prison...
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FCCPC Backs Lagos Electricity Reforms Targeting Estimated Billing
The Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday praised reforms introduced by the Lagos State Electricity Regulatory Commission (LASERC) aimed at reducing estimated billing and strengthening consumer protection in Lagos’ electricity market. In a statement signed by FCCPC Director of Corporate Affairs Ondaje Ijagwu, the commission said the reforms, outlined in LASERC’s 2025...
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Slovakia Scraps Diesel Restrictions After EU Warning
Slovakia said on Wednesday it would repeal restrictions on diesel sales, including higher prices for foreign drivers, after the European Commission warned the measures breached EU law. The government had introduced the rules in March, citing disrupted oil supplies through a pipeline via Ukraine as global energy prices surged amid conflict in the Middle East....
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Tinubu Nominates Tegbe As Minister Of Power
President Bola Ahmed Tinubu has nominated Mr Joseph Olasunkanmi Tegbe as Minister of Power, subject to confirmation by the Senate. The nomination, conveyed to the National Assembly in line with constitutional provisions, follows the resignation of former minister Adebayo Adelabu, who stepped down to pursue elective office. Tegbe, an indigene of Oyo State, brings over...