The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to resume oil search in the Chad Basin as soon as it receive security clearance. Group Managing Director of the Corporation, Dr. Maikanti Baru, disclosed this yesterday when the Governor of Bauchi State, Senator Bala Mohammed, paid him a business visit in Abuja. “We will…
Efforts to reduce plastic pollution and help save the environment have received a boost with the signing of a Special Purpose Grant (SPG) between Total in Nigeria and the United Nations Institute for Training and Research (UNITAR). The agreement was signed on the 1st April 2018 in Lagos, Nigeria and countersigned by the UN…
The Nigerian National Petroleum Corporation, NNPC, has made alternative arrangements to ensure steady supply of petrol across the country just as fire fighters engage a raging fire at Baruwa pipelines. A serial fire outburst on major petroleum products artery operated by the Nigerian National Petroleum Corporation, NNPC, in Lagos is causing palpable fear of possible…
The African Development Bank (AfDB) has provided additional financing of €8.63 million to Comoros for the implementation of the Electricity Sector Support Project. The amount is in addition to the one initially approved by the AfDB in September 2013, resulting in a total of €25.22 million, including the improvement of hydroelectric and thermal power plants…
The National Economic Council on Thursday in Abuja reconstituted an Ad-hoc Committee to reconcile the Excess Crude Account, Nigerian National Petroleum Corporation’s remittance and related issues. Gov. Ahmadu Fintri of Adamawa announced this when he briefed State House correspondents alongside Governors Rotimi Akeredolu of Ondo and Willie Obiano of Anambra at the end of the…
The Nigerian Ports Authority (NPA) says 23 ships containing petroleum products, food and other goods will berth at Apapa and Tin Can Island Ports between June 20 and July 17. The NPA made this known in its daily ‘Shipping Position’ publication. It said that one of the ships contains petrol, while the other 22 ships…
Ayobami Adedinni In a bid to create an African mini-grid industry involving decentralized electricity generation and distribution networks based on renewable energy, Schneider Electric has signed a Memorandum of Understanding with EM-ONE Energy Solutions, a Nigerian sustainable energy engineering company. For 18 months, led by its sustainability department, the Group has been working to set…
NNPC GMD, Dr. Maikanti Baru, presenting copies of some NNPC publications to the Governor of Bauchi State, Senator Bala Mohammed, during his visit to the NNPC Towers …Bauchi Gov Is Optimistic of Oil Find in Gongola Basin The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to resume oil search in the Chad Basin…
OIL prices extended gains into a second session on Wednesday, buoyed by rekindled hopes for a U.S.-China trade deal and potential economic stimulus from the European Central Bank (ECB). Tensions in the Middle East after tanker attacks there last week also supported oil markets. Brent crude futures were up 20 cents at $62.34 a barrel…
THE National Engineering and Technical Company of Nigeria, NETCO, the engineering subsidiary of the Nigerian National Petroleum Corporation, NNPC, on Tuesday posted a profit before tax of N6.75 billion for the year ended December 31, 2018, representing an increase of 107 percent over the N3.26 billion recorded in 2017. The profit after tax stood at…
