Leading energy and infrastructure conglomerate, operating in Nigeria and other African countries, Sahara Group has disclosed its plans to inject about $1billion in five years to expand access to Liquefied Petroleum Gas (LPG) in Nigeria and other African countries. The Director, Governance and Sustainability of Sahara Group, Dr. Ejiro Gray...
The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work in the Port Harcourt Refinery rehabilitation project with a firm commitment not to fail Nigerians. A statement by the Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, quoted the NNPC Chief Operating Officer, Refineries...
The Nigerian National Petroleum Company (NNPC) Ltd. said, it emerged as the 2023 Best Innovative Company of the Year at the just concluded 41st Nigerian Association of Petroleum Explorationists (NAPE) Annual International Conference & Exhibition. Olufemi Soneye, the Chief Corporate Communications Officer of the company disclosed this in a statement...
Now is the wrong time to remove Nigeria's costly fuel subsidy, Information Minister Lai Mohammed said on Monday, noting many other nations were introducing measures to help citizens cope with high oil energy prices. Africa's largest oil exporter, which still has to import almost all its fuel needs due to...
Minister of Science and Technology Dr. Ogbonnaya Onu has said that the Methanol Fuel Technology policy will assist Nigeria’s economy to recover quickly from the damage caused by Covid-19 pandemic. He stated this at the final meeting of the Cabinet Committee to source funding for the Implementation of The National...
The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels through reinvigorated exploratory activities in the inland frontier basins across the country. Group Managing Director of the Corporation, Mallam Mele Kyari, stated this while delivering a goodwill message at the opening...
President Bola Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI) to ease the impact of fuel subsidy removal on Nigerians. Special Adviser to Tinubu on Media & Publicity, Ajuri Ngelale in a statement on Friday, said the initiative was aimed at reducing the energy costs...
The Nigerian National Petroleum Corporation (NNPC) has announced a ₦39.85billion trading surplus for the month of February 2021 representing a massive 314.24% leap from the ₦9.62billion surplus it recorded in January 2021. This is contained in the February 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according...
The Nigerian National Petroleum Corporation (NNPC) has called on stakeholders in the oil and gas industry to join in working towards reducing operations cost to achieve the $10 or less per barrel production cost target. A press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru,...
While Nigeria boasts of the largest road network in Africa, only about 60,000km out of its estimated 195,000km road network is paved. Some of the roads are either in a state of disrepair, poorly maintained or altogether untarred. As part of the Federal Government’s efforts to improve the condition of...