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Friday, October 30, 2020

Baruwa Gas Plant Fire: NNPC Commiserates with Lagosians

The Nigerian National Petroleum Corporation has commiserated with the Government and people of Lagos State, and particularly the residents of Baruwa area, on the...

Downstream Sector Deregulation Will Boost Investment in Refining – Kyari …Calls for Collaboration...

The deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential...

How Restructuring Affects 25 Percent Of Chevron Staff

Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the “NNPC/CNL JV”) together with its...

NERC Says Electricity Tariff Subsidy Of N540 Billion Must Stop

The Nigerian Electricity Regulatory Commission (NERC) has said the Federal Government spent N540bn subsidising electricity in 2019, stressing the need to put an end...

NNPC Targets Aggressive Growth in Domestic Gas Utilization for Balanced Economic Growth …As...

In keeping with the objectives of the United Nation’s 2030 Agenda for Sustainable Development and the Paris Climate Accord, the Nigerian National Petroleum Corporation...

OML 143: NNPC, SEEPCO Sign Gas Development Deal  

The Nigerian National Petroleum Corporation (NNPC) and Sterling Exploration and Energy Production Company (SEEPCO) have signed an agreement for the development and commercialization of...

Why Electricity Consumers Will Pay N417.09 Billion In Four Months

As a result of the tariffs increase in electricity, the 11 distribution companies in the country are allowed to collect a total of N417.09bn...

NNPC Records ₦20.36 Billion Trading Surplus in July

  The Nigerian National Petroleum Corporation (NNPC) has recorded an increased trading surplus of ₦20.36billion in July 2020 compared to the ₦2.12billion surplus in June...

NNPC’s Legal Team Bags Africa Arbitration Award …Saves Billions of Dollars in Liabilities...

The Litigation Team of the Nigerian National Petroleum Corporation (NNPC) has won the Leading Case Counsel Team of the 2020 Africa Arbitration Awards. A press...

Why CBN Unveils Solar Intervention Fund

  The Central Bank of Nigeria has introduced a solar intervention fund that will offer obligors access to credit facility that will not exceed a...

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MTN Nigeria Records N975.76 billion Revenue For 2020 Third Quarter

MTN Nigeria has recorded total revenue of N975.76 billion for the third quarter ended September 30, 2020, which is above N856.549 billion that was...

Nigerian Breweries Shareholders To Get 25 Kobo Interim Dividend

Nigerian Breweries Plc, has declared an interim dividend of 25 kobo per ordinary share each, for the period ended September 30, 2020. The register of...

N240 billion Debt: No ‘Out-of-Court Settlement’ Yet With Pan Ocean Group – AMCON

Contrary to the false news published by some sections of the media, the court is yet to sanction any ‘out-of-court settlement’ with the management...