The Seplat Energy’s Chief Executive Officer, Mr. Roger Brown, says indigenous oil companies have demonstrated the capacity and financial strength to take over and manage asset of multinational oil companies. This was contained in a statement signed by Stanley Opara, Manager, Corporate Communications, External Affairs & Social Performance, Seplat Energy Plc. Brown represented by the…
President of the Dangote Group, Alhaji Aliko Dangote, has announced plans to reduce the price of Liquefied Petroleum Gas, also known as cooking gas. He also promised to start direct sales of the product to consumers should the existing distributors fail to allow the price crash in cooking gas. However, operators in the sector have…
Africa and Nigeria’s richest man, Aliko Dangote, is taking another major step in the expansion of his industrial empire with plans to construct a deep seaport near his existing fertilizer and oil refinery plants. The initiative is aimed at boosting export capacity and strengthening the Dangote Group’s logistics operations. Speaking in a recent interview in…
The Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, has said the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s commitment to competitiveness has contributed to petroleum product price reduction in the country. The Executive Secretary of DAPPMAN, Olufemi Adewole, disclosed this in a recent statement, lauding the Farouk Ahmed-led NMDPRA reforms in Nigeria’s downstream…
More than 2,000 people have benefitted from the healthcare outreach organised in Lagos as part of the Vision First initiative of the Nigerian National Petroleum Company Ltd (NNPC) and Shell Nigeria Exploration and Production Company Ltd (SNEPCo). Some of the participants testified how their long age eye problems have been cured while others who came…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has stated that the sale of the country’s non-performing refineries, including those in Warri, Port Harcourt, and Kaduna, remains a possibility as the company undertakes a full review of its downstream operations. Ojulari made this known in an interview on…
The Presidency on Thursday faulted the claim of reciprocity by the United States government as the reason for its current visa policy towards Nigeria, saying that the claim does not accurately reflect the actual situation. The Presidency also said contrary to misinformation and fake news circulating online, President Bola Tinubu has never stopped issuing 5-year…
The Minister of Interior, Dr. Olubunmi Tunji-Ojo, has inaugurated the newly established Passport Front Office, a specialised facility designed to facilitate timely and seamless passport processing for senior public officials and other designated individuals. According to the Director of Press in the Ministry, Ozoya Imohimi, the facility was established in response to the persistent challenges…
Olubunmi Tunji-Ojo, minister of interior, met on Wednesday in Abuja with Richard Mills, the United States ambassador to Nigeria. The meeting was attended by Kemi Nanna Nandap, comptroller-general (CG) of the Nigeria Immigration Service (NIS), and Magdalene Ajani, the permanent secretary in the ministry of interior. In a statement, Tunji-Ojo said the recently introduced visa…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that its Project One Million Barrels, launched in October 2024, has led to an increase of 300,000 barrels per day (bpd) in Nigeria’s oil production. The Commission Chief Executive, Engr. Gbenga Komolafe who disclosed this in Abuja during a workshop for journalists, said Nigeria’s oil rig…
