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Electricity Workers Suspend Strike For Two Weeks

(AFRICAN EXAMINER) – The leadership of the National Union of Electricity Employees (NUEE) has suspended the ongoing strike by two weeks. Mr Godfrey Abah, the Chairman, FCT chapter of the National Union of Electricity Employees (NUEE) said this in an interview in Abuja on Wednesday. Abah said that the suspension followed a meeting held with […]

Dangote Refinery To Expose Nigeria’s Downstream, Midstream Sectors to Int’l Markets

(AFRICAN EXAMINER) – The coming on stream of the 650,000 barrels-per-day Dangote Petroleum Refinery will guarantee availability of high quality environmentally compliant products in Nigeria, regional markets in West Africa, Southern Africa and inter-continental markets. The President/CE of Dangote Group, Aliko Dangote made this disclosure on Tuesday at the Nigerian Content Midstream – Downstream Oil […]

AfDB, Swedfund Partner To Boost Power Transmission Line Projects In Africa

(AFRICAN EXAMINER) – African Development Bank (AfDB) and Swedfund International AB (Swedfund), have jointly signed an agreement to enhance private sector participation in independent power transmission line projects in Africa. Swedfund is Sweden’s development finance institution with the mission to contribute to poverty reduction through sustainable investments in developing countries. The Project Accelerator is a […]

Nigerians Experience Blackout As National Grid Collapses Again

(AFRICAN EXAMINER) – Electricity distribution companies has announced another breakdown, making it the fifth time this year in the country . The Kaduna Electricity Distribution Company said, “Dear Esteemed Customers, the management of Kaduna electric regrets to inform you that the current outage being experienced in our franchise states is due to a collapse of […]

National Grid Collapses, Blackout In Lagos, Seven Other States

(AFRICAN EXAMINER) – The national grid has experienced another collapse in 2022 which led to blackout across the country. The states affected are Lagos, Enugu, Kaduna, Abia, Anambra, Ebonyi, Enugu, and Imo States, among others. Confirming this in a text message to its customers, The Eko Electricity Distribution Company, stated that the system collapse happened […]

Korea To Donate $12.4m For Solar Mini-Grids Construction In Nigeria

(AFRICAN EXAMINER) –  Mr Kim Young-Chae, Ambassador of Korea to Nigeria, has said that his country would provide US$12.4 million for the construction of solar mini-grids in Nigeria. Kim said this in his address at the “Stand-alone mini grid project” presentation ceremony, granted by the Korean Government, held in Abuja. Kim said, “The project to […]

NNPC Records $120.49m Crude Oil Receipt In September

(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has announced a total export receipt for crude oil and gas valued at $120.49 million for the month of September 2020. A press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru, stated that the figure is contained in […]

Deregulation: NNPC To Support Deployment of CNG Facilities

The Nigerian National Petroleum Corporation (NNPC) has pledged to support ongoing initiatives by the Ministry of Petroleum Resources to provide alternate energy source to Nigerians through aggressive activation of Compressed Natural Gas (CNG) refill stations for motorists across the country. Speaking on TVC Business Show, Business Nigeria Live, the Group Managing Director of the Corporation, […]

NNPC Produces 218.37Bn Cubic Feet (BCF) of Natural Gas in March

… Records 47 Per cent Decrease in Pipeline Vandalism (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has said that 218.37billion Cubic Feet (BCF) of natural gas was produced in March 2020, translating to an average daily production of 7493.65Million Standard Cubic Feet per Day (mmscfd). This was contained in NNPC Monthly Financial and […]

Nigeria Posts $434.85million Crude Oil Export Sales in January

… As Vandalism of NNPC Pipelines Spikes (AFRICAN EXAMINER) – Nigeria recorded crude oil and gas export sale of $434.85million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures, the Nigerian National Petroleum Corporation’s (NNPC) Monthly Financial and Operations Report, released today, in Abuja has stated.  The statement by […]

Fraud: SEC Slams 5-Year Ban on Oando CEO, Wale Tinubu, Others

(AFRICAN EXAMINER) – The Securities and Exchange Commission (SEC) has ordered the Group Chief Executive Officer of Oando Plc, Mr. Wale Tinubu and other board members to resign their appointment. SEC, in a statement issued Friday, indicated that the order followed the outcome of its concluded investigation on the sacked Chief Operating Officer (CE0) and affected […]

NNPC Begins Recruitment Exercise

(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has confirmed that it has opened its portal for recruitment of fresh graduates and experienced professionals into the empire. NNPC Group General Manager, (Public Affairs Division), Mr Ndu Ughamadu, confirmed this in an interview with the NAN in Abuja Wednesday. He re-affirmed that the portal for […]

Business Magnate, Femi Otedola Sells Forte Oil

(AFRICAN EXAMINER) – The Chairman of Forte Oil Plc, Mr. Femi Otedola has announced his resolve to sell all his shares in the firm’s downstream business. Forte Oil gave the hint on divestment Monday by its majority shareholder in a notice signed by its General Counsel, Mr. Akinleye Olagbende. “Forte Oil Plc hereby notifies the Nigerian […]

Oil Prices Hit $80 Per Barrel, Highest Since Nov 2014

(AFRICAN EXAMINER) – Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market. Brent crude futures LCOc1 reached an intraday high of $80.18 while U.S. West Texas Intermediate (WTI) crude […]

Scarcity: NNPC Increases Daily Fuel Cargoes to Boost Supply

ABUJA, NIGERIA (AFRICAN EXAMINER) – As the queue for Premium Motor Spirit PMS fuel resurfaces in some cities across the country, the Nigerian National Petroleum Corporation (NNPC) says it has programmed to bring in two cargoes of petrol per day for the rest of February 2018 to boost supply. Each of the two cargoes according […]

Baru Has Transformed NNPC Trading Company From Debtor Status To Profitability, Says Aide

Photo: Nigeria National Petroleum Corporation (NNPC) Group Managing Director (GMD) Dr. Maikanti Baru (AFRICAN EXAMINER) – Nigeria National Petroleum Corporation (NNPC) Group Managing Director (GMD) Dr. Maikanti Baru has reaffirmed his commitment to consolidate the NNPC group, especially its trading arm for efficiency and profitability. Since assuming duty, Dr. Baru has secured about $2 billion discounts […]

Nigeria Loses $850m to Gas Flaring —DPR

(AFRICAN EXAMINER) – The Department of Petroleum Resources (DPR)  said that Nigeria, the ninth largest gas producing nation in the world, lost over 850 million dollars to gas flaring in 2015. Mrs Pat Maseli, Deputy Director, Head, Upstream, DPR, gave the statistics at the just concluded 10th Annual Sub-Saharan Africa Oil and Gas Conference in […]

NNPC Commends Taleveras As It Moves to Recover $184m Crude SWAP Under-Deliveries From Companies

Picture caption: Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation, NNPC has commended Taleveras, one of Nigeria’s oil companies for its cooperative attitude in the ongoing reconciliation of transactions in the defunct crude for products arrangement. Group Managing Director (GMD), Nigeria National Petroleum Corporation […]

NNPC Dispels Rumour On Planned Petrol Pump Price Hike

By Ganiyu Nasirudeen ABUJA, NIGERIA (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has urged motorists in Abuja and its environs, as well as the entire country, not to engage in any panic buying of petroleum products. The oil giant assured motorists that it has 1.3billion litres stock of PMS, otherwise called petrol, which […]

NUPENG, PENGASAN Suspend Anti-Labour Practices Strike

ABUJA, NIGERIA (AFRICAN EXAMINER) – The three-day warning strike embarked upon by members of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has been suspended. While the workers suspended their actions Wednesday which was in protest against anti-labour practices in the oil and gas sector, their counterparts under the Petroleum and Natural Gas Senior Staff Association of […]

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