Chief Theophilus TY Danjuma’s energy company has won a $10 million oil contract that industry insiders say will broaden its upstream footprint and deepen its role in Nigeria’s petroleum sector. The agreement, finalised this month, comes as local firms continue to press for larger shares of exploration and production work. The contract covers a phased work programme that includes […]
Adegbite Falade Steers Aradel Energy into Landmark Domestic Supply Deal with NLNG
Nigeria’s drive for energy security has taken another significant step forward with Aradel Holdings sealing a domestic gas supply agreement with Nigeria LNG Limited (NLNG). At the centre of this development is Adegbite Falade, the Managing Director and Chief Executive Officer of Aradel Energy, who continues to strengthen the company’s role as a key contributor to Nigeria’s energy transition. […]
Dangote Refinery to Deploy 4,000 CNG Trucks, Targeting $1.1 Billion Cut in Nigeria’s Fuel Transport Costs
Africa’s largest refinery, operated by Nigerian billionaire Aliko Dangote, is taking a bold leap towards transforming the country’s energy and logistics sectors. In a strategic move to curb soaring fuel transport expenses, the Dangote Refinery has announced a $467 million investment to roll out 4,000 compressed natural gas (CNG)-powered trucks across Nigeria. The initiative is part of a broader […]