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NEWSNNPC reports 47% profit increase
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ALERTAviation fuel prices drop by 8%
NAS18,290.25 1.05%
DOW42,850.22 0.32%
NewsBrent crude approaches $75 amid Middle East tensions
BREAKINGSEC announces new rules for digital assets
EUR/USD1.0845 0.12%
S&P5,776.65 0.15%
BREAKINGNigeria secures $2.25 billion World Bank loan
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsFAAC disburses N1.1 trillion to federal, states, LGs
GOLD$2,890.5 0.85%
NewsOil prices rally on OPEC+ production cuts extension
NewsEuro depreciates against dollar ahead of ECB meeting
NGXASI98,575.68 1.25%
NewsNigerian banking sector assets grow by 45% year-on-year
NewsBitcoin surges past $87,000 on ETF inflows
NewsStock market capitalization crosses N55 trillion mark
USD/NGN₦1,550 0.45%
BTC$87,250 3.20%
NewsForeign reserves hit $34.2 billion, highest in 2 years
NewsNigeria's inflation rate drops to 24.48% in January
WTI$68.92 1.80%
UPDATENDDC launches ₦2.5bn infrastructure bond
BRENT$72.45 2.10%
UPDATETinubu approves ₦3 trillion for power sector
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsGold hits record high as investors seek safe haven
NewsNaira stabilizes at N1,550/$1 in official market
NEWSNNPC reports 47% profit increase
NewsDangote Refinery begins petrol production
NewsNigeria exits technical recession with 3.46% GDP growth
ALERTAviation fuel prices drop by 8%
NAS18,290.25 1.05%
DOW42,850.22 0.32%
NewsBrent crude approaches $75 amid Middle East tensions
BREAKINGSEC announces new rules for digital assets
EUR/USD1.0845 0.12%
S&P5,776.65 0.15%
BREAKINGNigeria secures $2.25 billion World Bank loan
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsFAAC disburses N1.1 trillion to federal, states, LGs
GOLD$2,890.5 0.85%
NewsOil prices rally on OPEC+ production cuts extension
NewsEuro depreciates against dollar ahead of ECB meeting
NGXASI98,575.68 1.25%
NewsNigerian banking sector assets grow by 45% year-on-year
NewsBitcoin surges past $87,000 on ETF inflows
NewsStock market capitalization crosses N55 trillion mark
USD/NGN₦1,550 0.45%
BTC$87,250 3.20%
NewsForeign reserves hit $34.2 billion, highest in 2 years
NewsNigeria's inflation rate drops to 24.48% in January
WTI$68.92 1.80%
UPDATENDDC launches ₦2.5bn infrastructure bond
BRENT$72.45 2.10%
UPDATETinubu approves ₦3 trillion for power sector
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsGold hits record high as investors seek safe haven
NewsNaira stabilizes at N1,550/$1 in official market
NEWSNNPC reports 47% profit increase
NewsDangote Refinery begins petrol production
NewsNigeria exits technical recession with 3.46% GDP growth
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NGXIND345.67 0.23%
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NGXASI98,575.68 1.25%
NGX304,523.15 0.85%
NGXBANK678.42 0.32%
NGXINS245.18 0.45%
NGXCG892.34 0.18%
NGXOIL567.89 1.12%
NGXIND345.67 0.23%
PREMIUM7,891.23 0.67%
NGXASI98,575.68 1.25%
NGX304,523.15 0.85%
NGXBANK678.42 0.32%
NGXINS245.18 0.45%
NGXCG892.34 0.18%
NGXOIL567.89 1.12%
NGXIND345.67 0.23%
PREMIUM7,891.23 0.67%
MARKET NEWS
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsNaira stabilizes at N1,550/$1 in official market
NewsOil prices rally on OPEC+ production cuts extension
NewsNigeria's inflation rate drops to 24.48% in January
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsForeign reserves hit $34.2 billion, highest in 2 years
NewsDangote Refinery begins petrol production
NewsBrent crude approaches $75 amid Middle East tensions
NewsNigerian banking sector assets grow by 45% year-on-year
NewsStock market capitalization crosses N55 trillion mark
NewsGold hits record high as investors seek safe haven
NewsBitcoin surges past $87,000 on ETF inflows
NewsNigeria exits technical recession with 3.46% GDP growth
NewsFAAC disburses N1.1 trillion to federal, states, LGs
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsNaira stabilizes at N1,550/$1 in official market
NewsOil prices rally on OPEC+ production cuts extension
NewsNigeria's inflation rate drops to 24.48% in January
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsForeign reserves hit $34.2 billion, highest in 2 years
NewsDangote Refinery begins petrol production
NewsBrent crude approaches $75 amid Middle East tensions
NewsNigerian banking sector assets grow by 45% year-on-year
NewsStock market capitalization crosses N55 trillion mark
NewsGold hits record high as investors seek safe haven
NewsBitcoin surges past $87,000 on ETF inflows
NewsNigeria exits technical recession with 3.46% GDP growth
NewsFAAC disburses N1.1 trillion to federal, states, LGs
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsNaira stabilizes at N1,550/$1 in official market
NewsOil prices rally on OPEC+ production cuts extension
NewsNigeria's inflation rate drops to 24.48% in January
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsForeign reserves hit $34.2 billion, highest in 2 years
NewsDangote Refinery begins petrol production
NewsBrent crude approaches $75 amid Middle East tensions
NewsNigerian banking sector assets grow by 45% year-on-year
NewsStock market capitalization crosses N55 trillion mark
NewsGold hits record high as investors seek safe haven
NewsBitcoin surges past $87,000 on ETF inflows
NewsNigeria exits technical recession with 3.46% GDP growth
NewsFAAC disburses N1.1 trillion to federal, states, LGs
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Financial EDGE

Dangote thanks President Tinubu for the revolutionary change in the Oil and Gas sector to save Nigeria - FinancialEDGE

By adminResearch Signal
Dangote thanks President Tinubu for the revolutionary change in the Oil and Gas sector to save Nigeria - FinancialEDGE
Click to expand

President of Dangote Group, Aliko Dangote has praised President Bola Ahmed Tinubu for assembling a capable leadership team at the NNPC, highlighting the appointments of Mr. Bashir Bayo Ojulari as Group Chief Executive Officer and Mr Ahmadu Musa Kida as Non-Executive Chairman.

Dangote said he visited the President to commend him for putting together such a formidable and professionally competent team, that is eminently qualified to take NNPCL to a greater height.

According to Dangote, the new management team brings a wealth of technical expertise, and all have managerial experiences that are essential for revitalising Nigeria’s most strategic public enterprise.

The new team, according to Dangote, under the leadership of Bashir Bayo Ojulari and Ahmadu Musa Kida, reflects the President’s strategic intent to drive reform and innovation across the energy sector,” Dangote said. “We are confident that this team will address systemic challenges, align with the President’s vision of a $1 trillion economy, and reposition NNPC Limited for operational excellence and long-term sustainability.”

Reacting to questions from the select media over the weekend on his statement that he is still fighting for the survival of his $20bn refinery, and that he is determined to fight the cabals in the oil sector to a standstill. Dangote said his statement was not in any way connected to the new leadership of the NNPC, noting that the new leadership in the NNPCL, has been so far supportive in terms of meeting the company’s needs.

He revealed that the cabals he was referring to are some major oil marketers and traders who were bent on frustrating the efforts on President Tinubu in revamping the nation’s economy.

He noted that the recent activities and structural reforms introduced by NNPC Limited serve as strong indicators of the organisation’s renewed focus on transparency, efficiency, and accountability. “The calibre of individuals at the helm, and their deliberate, reform-driven agenda, demonstrate a commitment to fostering a culture of performance and professionalism,” he added.

With optimism, Dangote expressed confidence that the new leadership of NNPC Limited will propel the country’s energy industry to new heights and reaffirmed his group’s commitment to supporting the collective vision of a prosperous, energy-secure Nigeria.