A leading academic has identified the targeted investments in education by the Shell Petroleum Development Company (SPDC) Joint Venture as a catalyst for addressing Nigeria’s energy challenges. Professor Anene Moneke, Director of the NNPC/SPDC/TotalEnergies/NAOC Joint Venture Centre of Excellence in…
NNPC Ltd Releases 2023 Audited Financial Statement – Announces net profit of N3.297 trillion, dividend of N2.1 trillion
The Nigerian National Petroleum Company Limited (NNPC Ltd) has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion…
President Tinubu Appoints Engr Jennifer Adighije as MD, NDPHC – To Lead New Management Team
President Bola Tinubu has approved the appointment of a new management team for the Niger Delta Power Holding Company (NDPHC); The new NDPHC Chief Executive Officer, Ms. Jennifer Adighije, is an experienced engineer with vast competencies across management functions in…
Angola Oil & Gas (AOG) 2024 Ministerial Panel to Outline Strategies for Accelerating Regional Integration
As Angola strives for increased oil and gas production, opportunities for regional collaboration in exploration, refining and petroleum distribution emerge With an investment pipeline of $60 billion planned for the next five years, Angola is well on track to maintain…
Lawmakers Express Satisfaction with HYPREP Progress
Members of the House of Representatives Committee on Host Communities have commended the Hydrocarbon Pollution Remediation Project (HYPREP) for significant progress made in cleaning up Ogoniland; extolling also the project coordinator, Prof Nenibarini Zabbey for ensuring continuous implementation of the…
Girl, 14, has life-saving treatment to remove facial tumor and dreams of becoming a doctor
Without the timely surgery, the tumor would likely have continued to grow to the point of causing airway obstructions, and ultimately, death by suffocation A 14-year-old girl from Sierra Leone is free to follow her dreams of becoming a doctor…
NCDMB, NLNG Commission Galvanizing Plant For Train 7 Project
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Friday commissioned the 10,000 Tons per annum galvanizing plant constructed by Daewoo Engineering Nigeria Limited, one of the engineering, procurement, and construction (EPC) contractors of…
Ministers Lokpobiri, Uzoka-Anite, and Dangote endorse inaugural Nigerian Crude Oil Refining Summit
Feature Image Caption: L – R: CEO, Waltersmith Refinery, Muhammad Musa; Chairman CORAN/OPAC Refinery, Momoh Jimah Oyarekhua; President/CEO Dangote Refinery, Aliko Dangote; Executive Director, Dangote Group, Halima Aliko Dangote; Chairman/CEO Integrated Oil & Gas/Chairman, CORAN Board of Trustee, Captain Emmanuel Iheanacho (rtd); Chief Strategist, Legend & Legacy, Kunle Odusola-Stevenson & Group Chief Strategy Officer, Dangote Group, Aliyu Suleiman during a courtesy visit by Crude Oil Refinery-owners Association of Nigeria (CORAN) to Dangote Refinery in Lagos recently
NNPC refutes allegations of $6.8bn indebtedness
…..Also Rejects Claims of Non-Remittance of Taxes The Nigerian National Petroleum Company Limited (NNPC Ltd.) has categorically denied owing international oil traders a sum of $6.8bn. In a statement issued today, the company described the allegation as inaccurate. While acknowledging…
Matrix Energy Group Debunks Allegations of Importation of Dirty Fuel
One of Nigeria’s downstream giant, Matrix Energy Group, has refuted allegations of importing dirty Premium Motor Spirit (PMS), also known as fuel. It says petroleum products it imported and supplied meet the specifications set by the Nigerian Midstream and Downstream…