Oil sector R&D set for a boost as Dangote Refinery, NCDMB join forces

Oil sector R&D set for a boost as Dangote Refinery, NCDMB join forces

  Local content agences looks to ramp up Nigeria content above 10%   Research and development (R&D) in the oil and gas sector of the economy looks set for a fresh impetus  with the recent coming together of Dangote Oil Refinery and the Nigerian Content Development and Monitoring Board (NCDMB) to promote these critical issues […]

Bayelsa signs power supply agreement with NCDMB

Bayelsa signs power supply agreement with NCDMB

  With huge gas deposits, state wallows in power lack Ranks among financially insolvent states   Bayelsa State government has entered into a purchase agreement with the Nigerian Content Development and Monitoring Board (NCDMB) to ensure regular power supply to the Government House complex in Yenagoa and environs.   NCDMB operates a 10-megawatt gas-powered independent […]

Finally, analysts get details as  NNPC publishes financials showing N278bn PAT

Finally, analysts get details as  NNPC publishes financials showing N278bn PAT

Analysts, including accountants, auditors and other financial experts who have held reservations over the historical N278 billion 2020 profit after tax announced by state-owned oil giant, Nigerian National Petroleum Corporation (NNPC) have now been given an opportunity to take a closer look at the numbers with the publication of the audited financial statement for the […]

57,000 manpower expected on site as Dangote Refinery heads to 2022 delivery 

57,000 manpower expected on site as Dangote Refinery heads to 2022 delivery 

  Canvasses Nigeria’s diversification from crude oil   The Dangote Refinery project is to increase the human capacity at the refinery site to 57,000 in the coming months, up from the 40,000 personnel already on the project.   Aliko Dangote, president and chief executive of Dangote Industries Limited, said the project currently employs 29,000 Nigerians […]

NNPC chief blames undersupply for hiccups in Nigerian gas value chain 

NNPC chief blames undersupply for hiccups in Nigerian gas value chain 

Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), has explained that the present hiccups in the Nigerian gas value chain is as a result of product undersupply, assuring that the corporation was working with relevant agencies to ensure that the price of liquefied petroleum gas (LPG) or cooking gas becomes affordable by increasing […]

NNPC begins preparations for IPO in 2024, reveals CEO Kyari

Breaking! NNPC makes history, declares N287bn profit after tax, first time in 44 years

The Nigerian National Petroleum Corporation (NNPC), has set a three year target date for its public listing, giving strongest hints yet to the local and international investor communities to prepare for a possible initial public offering (IPO) in 2024.   These hints are on the back of an outlined goal for the corporation in the […]

NNPC’s Kyari says price differentials fuels Nigeria’s petrol smuggling

Kano, NNPC signs MoU on gas utilization from $2.8bn AKK project 

  80% products consumed in 13 neighbouring countries from Nigeria But industry watchers advocate only in-country refining can lower costs   Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC) recently explained that the prevailing huge price differentials in pump price of petrol in Nigeria and its neighbouring countries is the sole […]

Port Harcourt DisCo losing 30% of revenue to meter bypass thieves

Port Harcourt DisCo losing 30% of revenue to meter bypass thieves

  Goes tough on offenders   The management of Port Harcourt Electricity Distribution Plc (PHED), one of the 11 DisCos in the country, has vowed to arrest and prosecute any person, group of persons or corporate body found to be engaged in meter bypass in its network. PHED’s franchise area are: Rivers, Bayelsa, Akwa Ibom, […]

Capegate maps out 150MW waste to electricity in Kano

Capegate maps out 150MW waste to electricity in Kano

plan to generate 10 megawatts (MW) of electricity by 2022 from waste, and ramping it up to 150MW before 2025 in Kano State, is being promoted by Capegate Investment Limited, an Abuja based waste management company.   The company had earlier signed a 20-year Public Private Partnership (PPP) refuse management contract with the Kano State […]