Nigeria Budgets N44bn for Capital Projects in Oil Sector in 2024 The Federal Government has allocated N44.173 billion to the Ministry of Petroleum Resources for the 2024 fiscal year. However, 76.74 per cent of the total allocation to the petroleum ministry was earmarked for personnel cost, while 9.95 per cent of the total was budgeted…
Seplat Energy is LaPRIGA’s Reputable Brand of the Year Seplat Energy Plc, a leading Nigerian independent energy company listed on the Nigerian Exchange Limited and the London Stock Exchange, has been named ‘Reputable Brand of the Year’ at the Lagos PR Industry Gala & Awards (LaPRIGA) 2023 organised by the Lagos State Chapter of the…
GOCOP Felicitates as Former Minister of Petroleum Aid, Horatius Egua, Appointment Director, Special Duties of NCAA Nigeria: The Guild of Corporate Online Publishers (GOCOP) has felicitated Mr. Horatius Egua over his appointment as Director, Special Duties at the Nigeria Civil Aviation Authority (NCAA). Mr. Egua, a pioneer member and Zonal Coordinator, North-East of GOCOP, was…
Power: Cross River Signs MoU for 1GW Solar Plant The Cross River State Government says it has signed a memorandum of understanding for the establishment of a 1Gigawatt solar photovoltaic manufacturing plant in the state. The plant, according to the Cross River State Commissioner for Information, Mr. Erasmus Ekpang, will be located at the Free…
Petrobras says Carmo Energy Fails to Make Payment for Oil Assets Brazil’s Petrobras said on Tuesday that Carmo Energy has not fulfilled contractual obligations related to its purchase of the onshore Polo Carmopolis area from the state-run oil giant. Petrobras, which had agreed to sell its stake in the asset to Grupo Cobra-backed Carmo Energy…
BREAKING: Ondo Gov Akeredolu is dead Ondo State Governor, Rotimi Akeredolu is dead. According to reports, Akeredolu died on Wednesday. The Ondo governor died at the age of 67. Akeredolu, a Senior Advocate of Nigeria (SAN), and former president of the Nigerian Bar Association (NBA), won his re-election as the state governor in October 2020…
30 die in Rivers illegal oil tapping point explosion No fewer than 30 persons have lost their lives in an explosion at an illegal oil tapping point in Omoku, Ogba/Egebema/Ndoni Local Government Area of Rivers State. The tragedy struck Sunday morning, when the youths allegedly broke a pipeline belonging to one of the multinational oil…
Seplat’s Quarterly Dividends in Foreign Currency and the Investor Advantage Seplat Energy, a prominent company listed on the NGX, stands out for its practice of quarterly dividend payments to shareholders in various currencies, offering investors the option to receive dividends in foreign currencies rather than Naira. In the 2022 financial year, the company proposed and…
NDDC Harps on Peace for Niger Delta Development The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has stressed the need for peace and security to create the necessary environment for the rapid development of the Niger Delta region. Speaking during a courtesy visit by a delegation from the Nigerian Airforce,…
Kyari says Gas will Revolutionise Nigeria Power as NNPC Delta State Sign Shareholders Agreement on Floating LNG The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Ltd., Mr. Mele Kyari, has said that the company will utilise Nigeria’s abundant gas resources to revolutionize the nation’s power and industrial sectors. Kyari disclosed this…
