Ololade Omosan-Agie Dangote Refinery has announced a partnership with the Nigerian Content Development and Monitoring Board on the promotion of research and development in Nigeria’s oil and gas industry. According to a statement from the firm, Dangote refinery was a platinum sponsor of the second edition of the NCDMB Research …
Read More »Marketers Want VAT On Imported Cooking Gas Removed
Oluwasina Phillip The Major Oil Marketers Association of Nigeria has said the imposition of Value Added Tax on imported Liquefied Petroleum Gas, also known as cooking gas, will hamper the adoption of the fuel in the country. The new chairman of MOMAN, Mr Olumide Adeosun, said this during a virtual …
Read More »NNPC Explains How N287bn Profit Was Achieved
Ololade Omosan-Agie Nigeria’s oil industry giant, the Nigerian National Petroleum Corporation, has said that it did not dip its hands into the Federation account to declare N287bn profit in 2020. The State-owned corporation’s, Group Executive Director, Finance and Account, Ajiya Umar, denied the allegation on Friday during Channels Tv ‘Business …
Read More »NNPC Consolidates on Gains, Drives Down Costs Of Sales By 15.1% To N2.2trn
Ebuka Daniel Following up on President Muhammadu Buhari’s recent announcement of thedeclaration of two hundred and eighty seven billion Naira (N287bn) Profit After Tax (PAT) in year 2020 by the Nigerian National Petroleum Corporation (NNPC), the Corporation has consolidated on the remarkable achievement, by publishing the Audited Financial Statements (AFS) …
Read More »DPR Hails Kyari For Transforming NNPC
Oluwasina Phillip The Director/Chief Executive Officer of the Department of Petroleum Resources, Sarki Auwalu has hailed the achievements of the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari since he took over the mantle of leadership in 2019. Auwalu said this when Kyari went on a courtesy …
Read More »Dubai Eases Travel Restriction On Nigeria, Others
Ebuka Daniel The UAE Government and Dubai Tourism have eased travel restrictions for travellers from different countries ahead of the Africa Oil Week. The 2021 edition which will be held in Dubai will play host to 45 ministers and government leaders representing 66 per cent of African governments. The AOW …
Read More »Minister urges stakeholders to work as a team to deliver power to Nigerians
Ebuka Daniel Minister of Power, Mr Abubakar Aliyu says stakeholders in the power sector should work together as a team to ensure that steady power is delivered to Nigerians. Aliyu speaking in Abuja on Monday when he assumed duty as Minister of Power said that to succeed and ensure steady …
Read More »Dangote refinery to increase workforce by 17,000 to 57,000
Ololade Omosan-Agie The President and Chief Executive Officer, Dangote Industries Limited, Aliko Dangote has said the construction of the Dangote Petroleum Refinery is a result of his desire to help the Federal Government tackle the issue of petroleum products importation. He also disclosed plans to increase the workforce at the …
Read More »NNPC To Float Shares On Capital Market By 2024- Kyari
Ololade Omosan-Agie The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said that the Corporation will issue its Initial Public Offer to investors in the next three years. Speaking on the impact of the PIA on the NNPC, Kyari said the Corporation will now be run …
Read More »NPDC To Begin Exploration Of Two Oil Wells In North East
The Nigerian Petroleum Development Company(NPDC) has issued a request for expressions of interest (EoI) on the development of two licences in Nigeria’s North-East. The NPDC which is the upstream unit of Nigerian National Petroleum Corporation (NNPC), invited the companies to act as financial and technical providers for an integrated development …
Read More »