Tinubu Approves Inland Dry Ports in Ogun and Oyo States to Boost Economy and Ease Port Congestion In a groundbreaking move to revitalize Nigeria’s maritime sector and address the persistent congestion at Lagos ports, President Bola Ahmed Tinubu has approved the establishment of Inland Dry Ports (IDPs) in Ijebu-Ode, Ogun State, and Moniya, Oyo State….
Seplat Energy Strengthens Ties with Akwa Ibom State for Sustainable Development Seplat Energy Plc, a leading indigenous oil and gas producer in Nigeria, has reaffirmed its dedication to fostering sustainable development through a robust partnership with the Akwa Ibom State Government. During a courtesy visit to the State Governor, His Excellency Pastor Umo Eno, a…
Vandals Responsible for Buguma Wellhead Fire – NNPC Ltd The Nigerian National Petroleum Company Limited (NNPC Ltd) reports that the fire incident at its Buguma Wellhead 008, operated by its subsidiary, NNPC Eighteen Operating Ltd (NEOL), was directly caused by the activities of pipeline vandals attempting to compromise the Christmas Tree and steal crude oil….
PENGASSAN Highlights Concerns Over Nigeria’s N49 Trillion Budget, Advocates Economic and Energy Reforms The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) raised critical concerns regarding Nigeria’s economic and energy sectors during its National Executive Council (NEC) meeting in Lagos. Budget of N49 Trillion: Grossly Inadequate Speaking to journalists, PENGASSAN President Comrade Festus…
Dangote Refinery Raises Petrol Prices to N955 per Litre Amid Global Oil Price Surge The Dangote Petroleum Refinery has announced an increase in the price of Premium Motor Spirit (PMS), commonly referred to as petrol, due to rising global crude oil prices. Effective from 5:30 PM today, the new pricing structure will apply to all…
PETAN Chairman Advocates National Policy on Oil and Gas Production at Industry Stakeholders Engagement The Chairman of the Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya, has called for the formulation of a National Policy on Oil and Gas Production Volumes to ensure sustainability in the sector. This proposal was made during the Petroleum…
Dangote Refinery Eases Pressure on European Petroleum Markets, Says OPEC The Organisation of the Petroleum Exporting Countries (OPEC) has acknowledged the significant impact of Nigeria’s Dangote Petroleum Refinery on the global petroleum market. The refinery, with a capacity of 650,000 barrels per day, commenced operations in September 2024, exporting petroleum products such as diesel and…
NNPC Ltd Denounces Fake Recruitment Announcement for Port Harcourt Refining Company (PHRC) The Nigerian National Petroleum Company Limited (NNPC Ltd) has warned the public to disregard a fraudulent recruitment announcement circulating online, allegedly for the Port Harcourt Refining Company (PHRC). In an official statement, NNPC Ltd clarified that there is no separate recruitment process for…
NNPCL Remits ₦10 Trillion in 2024, Maintains Top Taxpayer Status The Nigerian National Petroleum Company Limited (NNPCL) has announced a record remittance of ₦10 trillion to the federation account for 2024, reaffirming its position as the highest taxpayer in Nigeria and the only company in the country to publish 100% of its annual account statements….
Eterna Plc Appoints Olumide Adeosun as New MD/CEO The Board of Directors of Eterna Plc has announced the appointment of Mr. Olumide Adeosun as the company’s new Managing Director/Chief Executive Officer, effective February 3, 2025. In a statement issued on Thursday by the Company Secretary and Legal Adviser, David Edet, the Board expressed its gratitude…
