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Saturday, July 31, 2021

Shareholder protection is our priority- Lekoil Nigeria CEO

The Chief Executive Officer of Lekoil Nigeria Limited, Mr. Lekan Akinyanmi has disclosed that the protection and growth of shareholder value remain priority in...

OPEC cautions against calls to discontinue oil, gas investments

The Organisation Petroleum Exporting Countries (OPEC) has cautioned against the calls for the discontinuation of investments in the oil and gas industry. Its Secretary-General, Mr....

Why ministries of works & housing exit national power grid, deploy solar project

The ministries of Works and Housing and Environment have moved away from receiving power supply from the national electricity grid. Minister of Works and...

NNPC Commits to Ensuring Energy Sufficiency, Wealth Creation for Nigerians

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to ensuring effective stewardship of the nation’s hydrocarbon resources to guarantee energy security and...

MOMAN Expresses Interest to Lift Dangote Refinery Products

Ahead of the completion of the Dangote Oil Refinery, the Major Oil Marketers Association of Nigeria (MOMAN) has expressed an intention to engage the...

NNPC, Partners to Rake in over $760million Revenue from OML 130 Gas Supply Agreements

The Nigerian National Petroleum Corporation (NNPC) and its partners in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) and Production Sharing Contract...

After 12 Years National Assembly Passes PIB

The Senate on Thursday passed the Petroleum Industry Bill and approved that three per cent of profit made by oil firms should be shared...

How NNPC saves $1bn on petrol imports

The Group Managing Director, Nigerian National Petroleum Corporation, (NNPC) Mele Kyari, on Wednesday announced that the oil firm saved over $1bn of the cost...

NNPC, EFCC, Others Partner to Tackle Petroleum Products Smuggling, Crude Oil Theft

The Nigerian National Petroleum Corporation (NNPC) is collaborating with the Economic and Financial Crimes Commission (EFCC), Department of State Services (DSS), Nigeria Police Force...

Ardova Acquires 100% Equity Stake In Enyo

Ardova Plc (AP) said it has reached an agreement with Enyo Retail and Supply Holding Limited (ERSHL) to acquire a 100% equity stake in...

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Seplat Kicks Off Capital Markets Day with NGX Closing Gong Ceremony

Nigerian Exchange (NGX) Limited hosted Seplat Energy to a digital Closing Gong Ceremony to commemorate the first dual Capital Markets Day between Lagos and...

Kyari Assures AKK Gas Pipeline Project ‘ll Be Delivered on Schedule, Create Prosperity

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured that the ongoing 614kilometres Ajaokuta-Kaduna-Kano (AKK) gas pipeline...

Transcorp Plc Half-Year Performance Shows Powerful Growth as Profit Leaps by 713%

Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the half-year ended June 2021, recording significant improvement across its major income lines. The Conglomerate with...