Lagos State governor, Babajide Sanwo-Olu, has commended the Dangote Group for situating the biggest investment in the country in Lagos State, and for the positive development which the Dangote Oil Refinery and Dangote Fertiliser Complex would bring to Lagos and the Nigerian economy. President of the Dangote Group, Aliko Dangote, on his part thanked the […]
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The Management of Dangote Oil Refinery is preparing young Nigerian graduates to take over the management of its 650,000 barrels per day single train refinery when it becomes operational in 2022. Already, the company has trained several Nigerian engineers in some of the world’s biggest refineries in India and other parts of the world to […]
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Oil price continued its rally Monday after Saudi Arabia said one of its largest and most protected crude facilities came under missile attack, with Brent Crude surging above $71. However, output appeared to be unaffected after the missiles and drones were intercepted as futures in London jumped as much as 2.9 per cent after rising […]
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The Nigerian National Petroleum Corporation (NNPC) has once more expressed its commitment to moving the national oil company from its opaque past towards a more transparent global organisation. Speaking when he received the “Government Agency of the Year 2020 (Transparency)” from the New Telegraph Newspaper, the Group Managing Director of the NNPC, Mallam Mele Kyari, […]
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The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded a total of N158.04 billion from the sales of white products in the month of October 2020. The Corporation disclosed this on its October Monthly and Financial Operation Report (MFOR) in Abuja, on Thursday. It said […]
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, said that President Muhammadu Buhari nerver interfered in the operations of the Corporation. Kyari disclosed this at a media interactive with National Association of Energy Correspondents in Abuja, on Friday. He said that the corporation had the full support of the […]
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The Nigerian National Petroleum Corporation (NNPC) has said that it supplied 727 Million Standard Cubic Feet per day (mmscfd) of natural gas for power generation to the country in the month of August, 2020, an equivalent of 2,538MW of power. This represents an increase of 2.80 per cent from the previous month. The NNPC in […]
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The federal government will today sign an agreement with Transcorp Consortium, the preferred bidder of Afam Power Plant, with a bid sum of N105 billion. The Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, told journalists in Abuja on Wednesday, Nov. 4th, 2020, that the agreement-signing ceremony showed the fact that rather […]
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The Nigerian Petroleum Development Company (NPDC), an upstream subsidiary of the Nigerian National Petroleum Corporation, has reported an explosion at a production facility in Oil Mining Lease (OML) 40 involving its partners Elcrest Exploration and Production Nigeria Limited while carrying out production evacuation at Gbetiokun Early Production facility. A press release by the Group General […]
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The federal government has approved the resumption of the collection of Service-Based electricity Tariffs (SBT) from next week, after sealing a deal with organised labour, it has been learnt . The government was forced to suspend the implementation of the new electricity tariff regime in September, following a threat of industrial unrest by the Nigeria […]
Read More The Nigeria National Petroleum Corporation (NNPC) says the country’s oil revenue target declined by N1.06 trillion due to COVID-19 and low crude oil price. The NNPC’s Group Managing Director, Malam Mele Kyari, made the disclosure on Tuesday during a Nigerian Stock Exchange (NSE) oil and gas webinar with theme as: “Perspectives of Operations and Industry […]
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Nigeria’s apex fnancal sector regulatory authorty, the Central Bank of Nigeria (CBN) has released its framework for National Mass Metering Programme (NMMP). The framework was released by the Development Financing department of the apex bank through its official website on Monday. It stated that introduction of the Service-Based Tariff (SBT) in the Nigeria Electricity Supply […]
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