FG to Spend $21 Million on Meter Installation in 187 Niger Delta Crude Oil Flow Stations The Federal Executive Council (FEC) has approved a $21 million project to install meters at all 187 crude oil flow stations in the Niger Delta. The initiative aims to ensure accurate accounting of the country’s crude oil production using…
Nigeria Reaches Oil Supply Deal, Ending Dispute with Producers The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has struck a deal with oil producers to allow the sale of crude to domestic refiners at market prices, effectively ending a supply dispute that had strained relations with international oil companies. This agreement comes as a significant relief,…
President Tinubu Appoints Dantsoho as NPA Managing Director President Bola Tinubu has appointed Abubakar Dantsoho as new Managing Director of Nigerian Ports Authority (NPA) and he replaces Mohammed Bello-Koko. Bello-Koko was appointed by President Muhammadu Buhari in May 2021 as acting MD and his appointment was confirmed in February 2022. This is contained in a…
Shell Nigeria MD, Okunbor, honoured for exemplary leadership The Managing Director of the Shell Petroleum Development Company of Nigeria Limited, and Country Chair, Shell Companies in Nigeria, Osagie Okunbor, was on Thursday night recognised for his “Invaluable contributions to the Nigerian energy sector and his service to humanity.” Osagie received the Award for Exemplary Leadership and…
Access Bank Targets Top 20 Positions in UK, $1bn Profit by 2027 Access Bank, the largest bank in sub-Saharan Africa by customer base, has revealed its ambitious plans to elevate its UK subsidiary, Access Bank UK, into the top 20 banks in the United Kingdom by 2027, targeting an annual profit of $1 billion. This…
NUPRC, OPTS Agree on Sustainable Crude Oil Supply Structure for Dangote and Local Refineries In a strategic move to secure adequate crude oil supply for Nigerian refineries, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a collaborative agreement with oil producers. This agreement, established during a crucial meeting called by NUPRC, aims to create…
Access Holdings’ Shareholders Pledge Overwhelming Support for Rights Issue Shareholders of Access Holdings PLC have expressed overwhelming confidence in the company’s growth strategy and pledged their support for the ongoing N351 billion rights issue. This, they did, at the recent “Facts Behind the Rights Issue” presentation held at the Nigerian Exchange (NGX) office in Lagos….
TGI Group Pioneering Green and Digital Job Creation TGI Group is leading the charge in creating sustainable jobs through its commitment to green and digital initiatives. The company highlighted its efforts at the recent Nigeria Employers’ Consultative Association (NECA) Summit in Abuja. Akinkunle Akinpelu, Director of Group Human Resources at TGI Group, emphasized the company’s…
USAID Drives Nigeria’s Energy Transition with N115bn Investment The U.S. Agency for International Development (USAID) and Nigeria’s Federal Ministry of Power have entered a landmark partnership to revolutionize the country’s energy sector. The collaboration, formalized through a Memorandum of Understanding (MoU), aims to foster electricity sector reforms, enhance market transparency, and broaden access to sustainable,…
INTERVIEW : The divestment of expatriate companies underscores the necessity for Nigeria’s oil (and energy) independence. Wole Ogunsanya, PETAN Chairman By Jerome Okojokwu-Idu Introduction: Sequel to the recent Executive Orders and drive by Nigeria’s President Bola Ahmed Tinubu-led administration to attract investments into Nigeria’s oil and gas industry, the chairman of the Petroleum Technology Association…
