NNPC ramps up March petroleum product sales to N234.63bn from N188bn

NNPC ramps up March petroleum product sales to N234.63bn from N188bn

  White products yearly sales generated N2.129trn, with petrol accounting for N2.113trn Gas flare rate went up 9.50%, as Nigeria among world’s top 7 gas flaring nations Pipeline vandalism went up with 70 vandalized points   The Nigerian National Petroleum Corporation (NNPC) downstream subsidiary, Petroleum Products Marketing Company (PPMC), recorded N234.63 billion revenue from the […]

Seplat Energy’s H1 2021 profit before deferred tax grows 142.7% to $62.1m

Seplat Energy’s H1 2021 profit before deferred tax grows 142.7% to $62.1m

  Declares interim dividend of 2.5 cents per share Results released to NGX, LSE   Seplat Energy Plc (formerly Seplat Petroleum Development Company) has released its half year (H1 2021) scorecard with profit before deferred tax (PBT) of $62.1 million, representing an increase of 142.7 percent against H1 2020. Highlights of the company’s financials further […]

Seplat kicks off capital market day in Lagos, London with name change

Seplat kicks off capital market day in Lagos, London with name change

Seplat Petroleum Development Company was hosted by the Nigerian Exchange Group (NGX) to a digital closing gong ceremony as part of efforts to commemorate the first dual Capital Markets Day between Lagos and London and as part of unveiling its new name, Seplat Energy. Roger Brown, chief executive officer of Seplat Petroleum, in his comments, […]

Nigeria’s $2.8bn AKK gas pipeline on course for delivery, NNPC assures 

Nigeria’s $2.8bn AKK gas pipeline on course for delivery, NNPC assures 

  GMD says project to create prosperity   The $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline project currently being executed by the Nigerian National Petroleum Corporation (NNPC) is on course to hit delivery schedule, the corporation has assured.   A 614 kilometers pipeline, the NNPC is plugging  the project as a potential prosperity creator through massive […]

Oando gets on with energy business following SEC settlement

Oando gets on with energy business following SEC settlement

Oando Plc, Nigeria’s integrated energy company, is getting on with its core business of playing in the Nigerian and African energy space and delivering to its shareholders today following the settlement of a two year dispute with the Securities and Exchange Commission (SEC). The SEC, the capital market regulatory body, has entered into a settlement […]

NLNG CEO Tony Attah ends tenure in August 2021

NLNG CEO Tony Attah ends tenure in August 2021

  To hand over to Philip Mshelbila   Tony Attah, managing director of Nigeria LNG Limited ends his tenure as chief executive officer of the gas company in August this year. Meanwhile, the board of directors of NLNG at its last board meeting approved the appointment of Philip Mshelbila as successor to Attah, as the […]

NNPC focuses on building infrastructure, creating liquidity, market linkages

Nigeria’s $2.8bn AKK gas pipeline on course for delivery, NNPC assures 

  Assures of energy sufficiency, wealth creation for Nigeria Reiterates 20% equity acquisition in-country refineries   National oil company, the Nigerian National Petroleum Corporation (NNPC), is keeping its vision to build midstream and downstream backbone infrastructure, creating liquidity and providing linkages to markets in the Nigerian oil and gas space. Mele Kyari, the corporation’s group […]