(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 […]
(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 […]
(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 […]
(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 […]
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 […]
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 […]
(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 […]
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 […]
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 […]
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 […]
By Ganiyu Nasirudeen ABUJA, NIGERIA (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has announced the list of 39 successful bidders for the 2017/2018 crude oil term contract. The Group General Manager, Crude Oil Marketing Division (COMD) of the Corporation, Mr. Mele Kyari announced that the contract would run for one year effective from […]
By Ayo Balogun LAGOS, NIGERIA (AFRICAN EXAMINER) – Minister of Power, Works and Housing, Mr. Babatunde Fashola has advised industrialists, directors and other employers of labour in the country not to panic or downsize their staff in the face of current power supply challenges, indicating that the Federal Government has put a roadmap in place […]
BALTIMORE, MD (AFRICAN EXAMINER) – The Shell Petroleum Development Company of Nigeria Ltd (SPDC) Joint Venture is producing more gas from Agbada field in the Eastern Niger Delta in support of government’s aspiration of increasing domestic gas production for manufacturing and power generation. Some 10 million standard cubic feet of non-associated gas per day (MMscf/d) […]
Ayodele Afolabi, Abuja ABUJA, NIGERIA (AFRICAN EXAMINER) – After an extensive investigation, the Consumer Protection Council (CPC) has said that it has substantiated allegations of violations of consumer rights by MultiChoice Nigeria Limited in the provision of its Digital Satellite Broadcast Television (DStv) service. A statement from the office of the Director General, Dupe Atoki […]
Oil and Gas company, Springfield Ashburton Limited has again debunked reports circulating in the media, particularly controversial website, Sahara Reporters, linking its MD/CEO, Mr. Kevin Okyere, to corruption in Nigeria’s oil sector under former Petroleum Minister, Mrs. Deziani Alison-Madueke. In a rejoinder to the Sahara Reporters’ story which the website has deliberately not published for […]
By Eric Ojo, Abuja – The Centre for Social Justice (CSJ), an indigenous non-governmental organization (NGO) has harped on the need for a robust and effective funding of the Nigerian Gas Master Plan (NGMP) in order to boost the revenue base of economy in the light of the dwindling oil prices at the international market. […]
Delegates at the ongoing National Conference in Abuja have recommended to President Goodluck Jonathan to declare a state of emergency in the power sector. The recommendation was made while adopting the report of the conference committee on Energy. The conference similraly recommended that Federal Government should not leave power and energy to private sectors as […]
Kayode Adelowokan Following the threat by the Nigerian Electricity Regulatory Council (NERC) to sanction distribution companies for shoddy services to consumers, the Benin Electricity Distribution Company (BEDC) has said it would invest over N45 billion to fix power distribution challenges in order the improve the network and increase meter availability. Managing Director of the company, […]
An ultra modern petroleum products tank farm, with capacity to store 45,280,000Litres of petroleum products, funded by First City Monument Bank (FCMB) Limited has been commissioned. The project, sponsored by Emadeb Energy Services Limited, was funded by the Bank as part of its contributions to the development of Nigeria’s oil and gas sector. It is […]
Kayode Adelowokan, Lagos A leading infrastructure and technology company, General Electric Africa has been honored at the United Nations 2013 Global Leadership Awards Dinner in New York, USA. The award is in recognition of GE’s commitment to the “Every Women Every Child” (EWEC) initiative championed by the UN Secretary General, Mr. Ban Ki-moon, as well […]
