The Nigerian National Petroleum Company (NNPC) Limited has said, it was not against the sale of Shares of Nigerian Agip Oil Company Limited (NAO) to Oando Plc.
NNPCL's Chief Corporate Communications Officer, Garba Deen Muhammad made the clarification in a statement on Thursday.
Oando Plc has agreed with ENI to acquire...
In an apparent move to resolve the foreign exchange crisis in the country, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mallam Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, have reviewed the decision of the...
A gas plant
Seplat Petroleum Development Company Plc, announces that its Incorporated Joint Venture (IJV), the ANOH Gas Processing Company (AGPC), has successfully raised US$260m in debt to fund completion of its ANOH Gas Processing Plant (“ANOH”).
The 300MMscfd capacity ANOH plant, located on OML 53 in Imo State, is being...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said it would collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) and all relevant stakeholders in the Presidential Reconciliation Committee to reconcile the unremitted figures in the 2021 Audit Report.
President Bola Ahmed Tinubu set up the Reconciliation Committee to...
Seplat Energy Plc, a leading Nigerian independent energy company has within a year experienced a 10.2 per cent gas revenue, reaching $63.7 million in 6M 2023 (compared to $57.8 million in 6M 2022).
This growth was attributed to increased realised gas prices and a rise in sales volume. The average...
The Board of Directors of Seplat Energy Plc has announced the appointment of Mr. Christopher John Okeke, Mr. Udoma Udo Udoma and Mr. Babs Omotowa as Independent Non-Executive Directors of the Company.
Seplat in a statement on Wednesday said, Mr. Okeke and Mr. Udoma would be joining the Seplat Board...
The Nigerian National Petroleum Corporation has congratulated the President of the Nigerian Guild of Editors (NGE)), Mr. Mustapha Isa, on his re-election as the president of the Guild.
The Group Managing Director of NNPC, Mallam Mele Kyari, in a congratulatory letter he personally signed, stated that Mr. Isa’s re-election did...
The Federal Government has announced the suspension of the planned removal of fuel subsidy until the time was ripe.
Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed announced this shortly after a meeting with the Minister of Petroleum Resources, Chief Timipre Sylva and the leadership of the...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified that it followed the stipulated regulations in the award of marginal oil fields to qualified bidders.
NUPRC said, the newspaper publication claiming that it“did not adhere to its own regulations while implementing the 2020/2021 marginal fields’ award", was, therefore, incorrect.
The Commission's...
A recent statement made by the Nigeria Finance Minister, Mrs. Zeinab Ahmed, on Politics Today on Channels Television that if the current Coronavirus pandemic, CONVID-19, is prolonged in containing, the economy may once again slip into another recession.
The Honourable Minister was only being economical with the truth. The Minister...
