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adminThe NNPC Ltd has reiterated its commitment to advancing local content development in Nigeria’s energy sector and drive sustainable growth of the industry. This commitment was made by the Group…
admin…..Outlines FY25 Plans for Nigeria, Niger Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, today provided a comprehensive update on its operating…
adminAigboje Aig-Imoukhuede, President of the FranceNigeria Business Council (FNBC) and Chairman of Access Holdings PLC, hashighlighted the deepening ties between the two nations, emphasising thetransformational steps taken under the leadership…
adminSeplat Energy Plc, foremost indigenous energy company, says it is actively pursuing a range of initiatives to decarbonise its operations and support a sustainable energy transition as part of its…
adminThe Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) organised by the Petroleum Technology Association of Nigeria (PETAN) will take place at the Eko Convention Centre in Lagos from 11-13…
adminThe Port Harcourt Refining Company (PHRC) has not yet commenced bulk sales or opened its purchase portal, as essential processes are still being finalized. According to the company, currently, the…
admin… Beneficiaries Urge NCDMB, MoPR to Transition P-100 into a Sectoral Working Group The Project 100 beneficiaries have been equipped with advanced skills to scale up as leading Nigerian oil…
adminAccess Holdings PLC (‘Access Holdings’ or ‘the Company’) has announced that its flagship subsidiary, Access Bank PLC (‘Access Bank’ or ‘the Bank’) has completed the acquisition of Standard Chartered Bank…
adminThe NNPC Ltd has announced the introduction of Utapate crude oil blend, a new crude oil grade into the international crude oil market. From Oil Mining Lease (OML) 13, fully…
adminThe Managing Director of Platform Petroleum, Engr. John Anim, has underscored the urgent need for Africa to build a self-sufficient and sustainable energy future. In his speech titled “Achieving African…
adminBrevity Anderson, a strategic advisory and consultancy firm specializing in facilitation and optimizing international trade and business operations has signed a landmark Memorandum of Understanding (MoU) with the African Petroleum…
adminThe Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that there is no discrepancy between its crude oil production figures and those supplied by the regulatory agency, the Nigerian…
adminThe Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has congratulated the Group Chief Executive Officer, Mr. Mele Kyari, and the management of the Nigerian National Petroleum Company Limited…
adminPolaris Integrated and GeoSolutions Limited (PIGL) has marked its 20th anniversary, celebrating two decades of achievements and unwavering commitment to delivering high-quality integrated services and geosolutions across Nigeria. “We are…
adminHeirs Energies, a leading integrated energy company in Africa, announces its participation in the prestigious African Energy Week (AEW) 2024, taking place from November 4-8 in Cape Town, South Africa.Osa…
adminCoordinator, Decade of Gas Initiative, Ed Ubong has stressed the need to embrace a gas-driven economy, highlighting its benefits to the entire populace. According to him, it will create jobs…
adminAxxela Limited, a leading gas and power portfolio company in sub-Saharan Africa, announces the official retirement of its Chief Executive Officer, Bolaji Osunsanya and the appointment of a successor, Ogbemi…
adminMEMAN hosted an insightful webinar themed “Fuel Pricing,” aimed at deepening understanding, clarifying misconceptions, and reaffirming its commitment to transparency. The first session featured Mr. James Gooder, VP of Crude…
adminThe Chairman of Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya has called for the privatization of Nigeria’s oil and gas pipelines in what he termed “commonwealth solution’”, to…
admin…Says Claims Are Crass Display of Ignorance The attention of the Nigerian National Petroleum Company Limited (NNPC Ltd) has been drawn to a video clip of one Timothy Mgbere, a…
adminEni’s subsidiary Nigerian Agip Exploration Limited (NAE) and STAC Marine have celebrate one year of successful collaboration for the operation and maintenance of the Floating, Production, Storage and Offloading (FPSO)…
adminThe Port Harcourt Refining Company (PHRC) has not yet commenced bulk sales or opened its purchase portal, as essential processes are still being finalized. According to the company, currently, the…
admin… Beneficiaries Urge NCDMB, MoPR to Transition P-100 into a Sectoral Working Group The Project 100 beneficiaries have been equipped with advanced skills to scale up as leading Nigerian oil…
admin………Company’s Hologram Technology Offers new Perspectives Mike Wirth, Chevron’s Chairman and CEO, has highlighted the importance of natural gas during his Gastech keynote speech. Chevron Chairman and CEO Mike Wirth…
admin……… Donates Over N1bn to Support Flood Relief Efforts in Maiduguri ………. Strengthens Women Empowerment Effort in Southern Africa, Relaunches W Initiative in Zambia, Botswana Access Holdings Plc, a leading…
adminThe Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that outstanding collectible revenues due to the Federal Government in the oil and gas industry as of June this year have…
adminAll is now set for the 2024 edition of the annual conference of the Association of Energy Correspondents of Nigeria (NAEC) known as the NAEC ANNUAL STRATEGIC INTERNATIONAL CONFERENCE. The…
adminThe World Bank has released to the Federal Government of the sum of $1.57 billion to enable it face the challenges arising from the three areas.According to a statement, by…
adminTo boost intrastate and interstate movement of goods and services as well as reduce transportation costs across the country, the Federal Government has handed over 64 Compressed Natural Gas (CNG)…
adminThe Global Outlook is ExxonMobil’s view of energy demand and supply through 2050.According The Company the Key takeaways , include, but limited to,when All energy types will remain in the…
adminThe Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS),…
adminThe Nigerian National Petroleum Company Limited(NNPCL)has supplied the recent streaming Danagote Refinery with about 30 million barrels of crude oil.According to a statement by Senior Special Assistant to President Bola…
adminThe Crude Oil Refinery-owners Association of Nigeria (CORAN) has extended its heartfelt congratulations to Mr. Aliko Dangote and his team at Dangote Refinery on the remarkable achievement of commencing the…
adminThe Manufacturing Association of Nigeria (MAN) has predicted a rise in inflation and the closure of more businesses, especially small and medium enterprises,following the current increase white products prices across…
adminNigeria has emerged the third-largest debtor to the World Bank’s International Development Association (IDA) as of June 30, 2024. According to the World Bank, Nigeria’s loan exposure from the IDA…
adminChief Adebayo Adelabu,Minister of Power, has stated in his addressed to the Chinese Business Community and Investors at the 1st China-Nigeria Economic Cooperation and Trade Conference, Beijing 2024, that Nigeria’s…
adminAliko Dangote, the Chairman and Chief Executive Officer (CEO) of Dangote Group, has revealed that the Federal Executive Council will determine the pricing arrangement for petrol produced from the Dangote…
admin…….FG Denies Knowledge of the Increase The Nigerian National Petroleum Company Limited’s retail arm has announced the upward review of the current pump price of Premium Motor Spirit(PMS) otherwise known…
adminDangote Refinery has commenced the production of premium motor spirit or petrol, positioning the Nigerian National Petroleum Company Limited as its first exclusive buyer. According to a recent Reuters report,…
adminPresident Bola Tinubu has approved the appointment of the following qualified Nigerians to the board of the Bank of Industry Limited: (1) Mansur Muhtar — Chairman (2) Olasupo Olusi —…
adminZenith Bank Plc has announced its audited results for the half-year ended 30 June 2024, recording an impressive triple-digit growth of 117% in gross earnings from N967.3 billion reported in…
adminNNPC Ltd has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers. According to the company in a Press Release,the financial strain has placed considerable…
adminFederal Government’s order to traders to crash prices of goods in the markets within one month has met with Traders reversal of the order by traders asking the to interven…
adminThe Major Energies Marketers Association of Nigeria (MEMAN) has said that it is looking at a significant growth potential for solar energy sector by the year 2030.According to the group,…
adminPetroleum Technology Association of Nigeria (PETAN) has pledged to support the nation of Uganda through human capacity development initiatives that will help catalyze employment for Ugandans in their budding oil…
adminEko Electricity Distribution Company (EKEDC) has said that government Ministries, Parastatals and Development Agencies are owing the company over N144 billion as debt.This is coming at the heels of House…
adminOver 1,000 Individuals Receive Free Eye-care Services The NNPC Ltd has flagged off the third edition of the Vision First Programme, as part of comprehensive community-focused healthcare outreach targeted at…
adminIn a significant management shake-up, the Central Bank of Nigeria (CBN) has sacked the top three executives of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc). The…
adminNigerian National Petroleum Company Limited (NNPC Ltd) has commenced shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered Ex-Ship (DES) basis.NNPC Ltd achieved the China deal…
admin……Builds on CCS Portfolio with Greenhouse Gas Assessment Chevron was featured in a recent episode of Driving Decarbonization in America on Discovery Go. Driving Decarbonization in America, a series that…
adminThe Federal Government has approved the upward review of the cost of obtaining the country’s passport. KT Udo, the spokesperson of the Nigeria Immigration Service (NIS), announced the new passport…
adminIn an effort to enhance the trust and credibility of the Nigerian arbitration system and make the country a safe arbitration seat, there is the need to drive efficiency, accountability,…
adminIn demonstration of its commitment to social impact, Access Holdings Plc has taken another significant step towards empowering vulnerable children through education. As part of its longstanding partnership with Bethesda…
adminThe Nigerian National Petroleum Company Limited has refuted a press release signed by Mr. Paul Ibe, a Media Adviser to the former Vice President, Alhaji Atiku Abubakar. The company in…
adminThe Nigeria National Petroleum Company Limited, NNPC Ltd, is set to ensure sustained production and enhance refining quality at its Warri and Kaduna plants. The global energy player will also…
adminTranscorp Power Plc has announced the appointment of Christopher Ezeafulukwe as non-executive director. The company in a statement said Ezeafulukwe’s appointment was sequel to the approval of the Nigerian Electricity…
adminPresident Bola Tinubu’s directive to the Nigerian National Petroleum Company Limited (NNPCL) and other oil producers to sell crude oil to Dangote Refinery and other upcoming refineries in naira may…
adminThe collective Deposit Money Banks (DMBs) in the country had total assets of N121 trillion as at the end of 2023 financial year, which is equivalent to half of the…
adminThe $25 billion Nigeria-Morocco gas pipeline project has attracted more regional participation that is expected to reduce funding challenges of the project.The new funding arrangement is coming after Equatorial Guinea…
adminExxon Mobil Corporation has announced its second-quarter 2024 earnings of $9.2 billion, or $2.14 per share assuming dilution. According to the company, cash flow from operating activities was $10.6 billion…
adminUnion Bank of Nigeria has reported a profit before tax of N79.8 billion on gross earnings of N333 billion during the half year ended June 30, 2024 compared with a…
adminInvestors faced significant losses at the start of the week as the Nigerian Exchange (NGX) All-Share Index dropped by 136 basis points (bps), leading to N748.66 billion decline in market…
adminThe Nigeria Police Force has officially summoned Joe Ajaero, President of the Nigeria Labour Congress (NLC), for questioning in connection with an ongoing investigation into alleged criminal conspiracy, terrorism financing,…
adminPresident Bola Tinubu has approved the appointment of a new management team for the Niger Delta Power Holding Company (NDPHC).The new members of the management of the company are as…
adminThe Nigeria Extractive Industry Transparency Initiative (NEITI) has launched its first multi-million Naira Data Centre. According to a statement by Mrs. Obiageli Onuorah, Acting Director and Head, Communications & Stakeholder…
admin….Net Profit, Declares N2.1trn Dividend …Targets 2mbpd Crude Oil Production by Dec 2024 The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297…
adminThe Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, the Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, and Alhaji Aliko Dangote, President/Chairman of the Dangote Refinery,…
adminThe Nigerian National Petroleum Company Limited (NNPC Ltd) has refuted the allegation that it is owing international trading companies.The company in statement sined by Olufemi Soneye, the Chief Corporate Communications…
adminThe arrest of Alhaji Bashir Hadejia, a former aide to the Minister of State for Defence, Bello Matawalle, has sparked widespread outrage. Hadejia, who served as a special adviser to…
adminThe Federal High Court sitting in Lagos has restrained FBN Holdings Plc from holding, conducting or hosting its 12th Annual General meeting scheduled for August 22, 2024. The Court insisted…
adminThe Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has called on members of the public, especially jobseekers, to discountenance rumours of employment slots for sale. The company states that there…
adminDriven by sell-offs in FBN Holdings, Access Corporation, as well as Transnational Corporation, among others the Nigerian stock market, on Thursday, August 15, 2024,experienced a nose dive thereby extending its…
adminKashim Shettima, the Vice-President of the Federal Republic of Nigeria has said the country now exports 1.7 million barrels of oil per day crude oil. The Vice President who said…
adminChief Adebayo Adelabu, the Honourable Minister of Power, has commended Savannah Energy, the British independent energy company focused around the delivery of Projects that Matter, for its investment in Nigeria’s…
adminThe Energy Institute Nigeria (EI Nigeria) and the Nigerian Association of Petroleum Explorationists (NAPE) have announced a strategic partnership aimed at enhancing professional development and fostering greater collaboration within the…
adminThe 14th international conference of the Nigerian Liquefied Petroleum Gas ( NLPGA)wil commence on the 6th of November and close on the 7th of November 2024According to the Association in…
adminPresident Bola Tinubu and the Equatorial Guinean President Teodoro Obiang Nguema Mbasogo, in Malabo signed an agreement on Gulf of Guinea Pipeline Project, as an affirmation of partnership for mutual…
adminThe Human and Environmental Development Agenda (HEDA Resource Centre) has called on the Economic and Financial Crimes Commission (EFCC) to investigate the missing of ₦500 million from the National Agency…
admin….. Hails BEAMCO For Local Assembly Of Train 7 Equipment The Nigerian Content Development and Monitoring Board (NCDMB) in order to further its long-standing support to African oil and gas…
admin…Says NNPC Ltd Witnessing Improved Growth in Crude Production The Group CEO of NNPC Ltd., Mr. Mele Kyari, has called on the military to sustain the war against crude oil…
adminThe Federal Government of Nigeria, through the Ministry of Petroleum Resources, has partnered with organizers to host the second edition of the Gas Investment Forum 2024.According to the forum, the…
adminAccess Holdings Plc (“the Group”) has announced an extension of the acceptance period for its ongoing Rights Issue. Initially set to close on August 14, 2024, the period has now…
admin……. Clarifies Stance on Petrol Price ……..Marketers Accuse Group of Picking Bones with Would be Helpers The Dangote Petroleum Refinery has denied fixing its petrol price. However, there are reports…
adminMr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy,in an effort to ensure the full implementation of the President of the Federal Republic of Nigeria, Bola…
admin…Says NNPC Ltd Witnessing Improved Growth in Crude Production The Group CEO of NNPC Ltd., Mr. Mele Kyari, has called on the military to sustain the war against crude oil…
adminThere are immediate considerations by the government towards enhancing power-to-gas initiative in a deliberate approach not only to harness the country’s abundant gas reserves but to push up electricity generation.Minister…
admin80% others in low-capacity utilizationOver 100,000 employees thrown into the job marketLabour begs FG to intervene Over 50 firms in the chemical and non-metallic products sub-sector of the nation’s economy…
adminMr Adebayo Adelabu, the Minister of Power has said that Japanese International Cooperation Agency (JICA) has invested $500 million to boost power supply in Ogun and Lagos areas. The Minister…
adminYusuf Magaji Bichi, Director-General of the State Security Service (DSS), has stated that Artificial Intelligence-enabled (AI)cyber-attacks, deep fakes, and digital manipulations are already on the rise, threatening to undermine national…
admin…..Targets Global Operation Expansion with N290bn Hybrid Offer Zenith Bank Plc, has reassured its shareholders of improved dividends payout going forward at every year-end. The Bank’s Group Mananging Director/ Chief…
adminBy John Meze(Admin) Hydrogen Payment Services Company Limited (Hydrogen), a leading payment services company, has announced the commencement of its “Healthy Heart, Healthy Business” initiative, beginning on 30th July 2024.According…
adminChevron Corporation has said that it started oil and natural gas production from the Anchor project in the deepwater U.S. Gulf of Mexico. Anchor production marks the successful delivery of…
admin…All Projects to End Routine Flaring Intact Seplat Energy plc,one of the foremost indigenous energy company, has reassured all stakeholders of its commitment to driving and ensuring a sustainable business…
adminHonourable Tajudeen Abbas, Speaker House of RepresentativesSpeaker Abbas has constitutes new panel to probe oil and gas sector of Nigeria. Speaker of the House of Representatives, Abbas Tajudeen, has named…
adminGoing by its exceptional performance in growth and capital raise, Zenith Bank Plc has successfully firmly established itself as a powerhouse in the Nigerian banking sector by consistently delivering outstanding…
adminShell Companies in Nigeria (SCiN) has won the coveted Best Exhibitor award at the 2024 Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers (SPE) held in…
adminThe World Bank recorded that the remittance flows to Low and Middle-Income Countries (LMICs), of which Nigeria is part, slowed between 2022 to 2023, reaching an estimated $656 billion in…
adminThe Crude Oil Refinery-owners Association of Nigeria (CORAN) is set to hold the inaugural edition of the Nigerian Crude Oil Refining Summit scheduled for October 7th and 8th, at the…
adminThe Aliko Dangote’s Petroleum refining company has come out to refute media reports alleging that the Dangote Refinery has backtracked by acknowledging that NNPC supplied about 60% of the 50…
adminHeirs Holdings may have been taking advantage of the current divestment of the international oil companies’ in the onshore fields in Nigeria , hence it acquisition and control of approximately…