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Komolafe Tasks Upstream Petroleum Operators on Decarbonisation

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Decarbonisation

By Adedapo Adesanya

The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, has called on operators to embed decarbonisation in field development, facility design, and production activities.

This was part of his message at the 48th Nigeria Annual International Conference and Exhibition on Monday, noting that the commission is driving the Upstream Oil and Gas Decarbonisation Blueprint, based on its seven pillars to attract investment and maintain competitiveness.

“We are optimising the Maximum Efficient Rate, managing produced water, and coordinating shutdowns to reduce disruptions,” he said, adding that, “We urge all operators to embed decarbonisation in field development, facility design, and production activities. Achieving a sustainable future requires trade-offs, collaboration, and innovation. NAICE discussions must become measurable outcomes.”

He said NUPRC was integrating advanced technologies in exploration and production, including decarbonisation and emission reduction strategies, noting, “Our role goes beyond regulatory compliance. We are committed to a stable and forward-looking upstream sector that balances energy security, environmental responsibility, and economic sustainability.”

According to him, technological transformation is reshaping exploration and production, and the Commission is encouraging both adaptation and approval of innovative solutions.

He added that NUPRC is using technology to enhance internal operations, improve service delivery, and reduce turnaround time.

He said: “These changes are not mere technical upgrades. They are part of a broader effort to entrench transparency, promote accountability, and reduce costs to drive industry growth.”

Mr Komolafe also said a resilient supply chain is vital for cutting lead times, lowering costs, and boosting national capacity, stating that the commission is fostering a regulatory environment supporting indigenous and international service providers.

“Our approach supports technology domestication, local manufacturing, and stronger supply chain resilience,” he said.

On workforce development, he emphasised that human capital is the industry’s greatest asset.

“We work with academic institutions and training organisations to promote excellence, close skill gaps, and prepare our workforce for a low-carbon future,” he said.

Highlighting progress since the Petroleum Industry Act (PIA) was enacted in 2021, Mr Komolafe said 21 key regulations have been gazetted so far.

“These regulations give clarity to investors, streamline administration, and align operations with national and global priorities,” he said.

Among them are the Upstream Petroleum Measurement Regulations, which promote accountability through real-time, technology-driven production measurement.

Also included are the Gas Flaring, Venting, and Methane Emissions Regulations, aimed at reducing emissions and embedding sustainability.

Beyond regulations, he said NUPRC is implementing core initiatives to accelerate industry development.

These include a recent stakeholders’ forum to develop strategies for cluster development in shallow and deepwater basins.

“Through collaboration, we aim to unlock stranded or marginal fields via joint development strategies,” he said.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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NECA’s Annual Retreat for Business Managers, Executives Holds April 16

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NECA Adewale Smatt-Oyerinde

By Aduragbemi Omiyale

The annual retreat for business managers and executives organised by the Nigeria Employers’ Consultative Association (NECA) will take place from April 16 to 18, 2026, at the AAE & T Hotel, Kuto, Abeokuta, Ogun State.

This year’s edition is themed The Resilient Enterprise, People and Systems: Building and Managing Businesses that Outlive Seasons, Cycles and Crises.

The programme aims to equip leaders with the insights, tools, and networks required to build resilient organisations in an increasingly complex business environment.

It will provide a unique platform for executive-level engagement through high-level conversations, peer learning sessions with experienced leaders, strategy reflection workshops, and curated networking opportunities.

Expected to attend are industry leaders, senior executives, and business managers from across sectors. They will explore strategies for sustaining organisational performance through leadership transitions, economic cycles, regulatory shifts, and market disruptions.

Participants will also benefit from interactive discussions focused on strengthening corporate governance, developing agile leadership capabilities, and building organisational systems that can withstand periods of uncertainty and transformation.

A notice from NECA said the event is open to both members and non-members, with participation fees set at N300,000 for members and N320,000 for non-members. Discounts will also be available for Gold and Silver members, subject to applicable terms and conditions.

Interested participants are encouraged to register via the official registration link to secure their place at the retreat, which promises to deliver valuable insights and connections for executives seeking to build enterprises capable of thriving through seasons of change and uncertainty.

The Director-General of NECA, Mr Adewale Smatt-Oyerinde, noted that by convening business managers and senior executives in a collaborative learning environment, the association aims to contribute to the development of stronger, future-ready enterprises that can drive economic growth, create jobs, and support national development even in the face of evolving global and local challenges.

He added that the retreat will provide executives with the opportunity to step away from daily operational demands and engage in deeper strategic conversations with peers and industry experts.

“The theme of this year’s retreat speaks directly to the realities businesses face today. Across sectors, organisations are navigating leadership transitions, regulatory shifts, economic pressures, and technological disruption.

“What distinguishes enduring enterprises is their ability to build strong systems, develop capable leaders, and create organisational cultures that can adapt and respond effectively to change,” the NECA chief said.

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Egbin Power Commissions 80 New Staff Housing Units

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Egbin Power 80 New Staff Housing Units

By Modupe Gbadeyanka

In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.

This comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.

The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.

This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.

The new housing units are part of a holistic strategy to cultivate a stable, motivated, and future-ready workforce.

This strategy extends beyond infrastructure to encompass robust career development and recognition. Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication

“At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent.

“This significant expansion of our residential estate is a tangible expression of that commitment.

“It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” the chief executive of Egbin Power, Mr Mokhtar Bounour, said.

Initiated in 2025 and completed in January 2026, this project is the latest milestone in Egbin Power’s structured and ongoing approach to enhancing employee welfare. It reflects the energy firm’s dedication to fostering a culture where every team member feels valued, secure, and motivated.

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NGX Group, CSCS, WIMBIZ to Ring Bell for Gender Equality

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Ring Bell for Gender Equality

By Aduragbemi Omiyale

On Tuesday, March 10, 2026, at the Nigerian Exchange Group House in Lagos, the role of capital markets in promoting gender equality will be reemphasised through the closing gong ceremony in commemoration of International Women’s Day 2026.

The ceremony is part of the global Ring the Bell for Gender Equality campaign, which mobilises stock exchanges worldwide to expand women’s participation in the economy and advance gender-inclusive practices.

In Nigeria, the NGX Group is partnering with the Central Securities Clearing System (CSCS) Plc and Women in Management, Business and Public Service (WIMBIZ) to make it memorable under the theme Rights. Justice. Action. For ALL Women and Girls.

Dignitaries expected at the ceremony include the Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; the First Lady of Imo State, Mrs Chioma Uzodimma; the Executive Commissioner for Legal and Enforcement at the Securities and Exchange Commission (SEC), Ms Frana Chukwuogor; foremost actor, Ms Funke Akindele; a Director at the NGX Group, Ms Ojinnika Olaghere; and another staffer of NGX Group, Mrs Fatima Wali-Abdulrahman, alongside board members of NGX Group, regulators, capital market stakeholders, and industry leaders.

NGX Group is joining other exchanges worldwide in sounding the NGX Gong to underscore the importance of inclusive leadership, equal opportunities, and stronger market accountability in advancing gender equality.

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