NNPC set to incorporate research unit as limited liability firm
Businessam Staff
September 25, 2017
Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), said the Research and Development Department of the corporation would soon be incorporated as a limited liability company, to sustain its new operational guidelines. Baru, who was represented by Victor Adeniran, Chief Operating Officer NNPC Ventures, disclosed this in Lagos on Monday at the ongoing […]
NNPC assures Nigerians of uninterrupted supply of petroleum products despite Apapa jetty fire
Businessam StaffSeptember 18, 2017
The Nigerian National Petroleum Corporation (NNPC) has assured motorists and other consumers of petroleum products nationwide that the fire incident, which occurred at Apapa loading jetty at the early hours of Monday will not affect supply of petroleum products. A statement from the NNPC said the corporation has already deployed a team of engineers to […]
Nigerian state oil firm intensifies efforts to safeguard pipelines for steady supply of petroleum products
Businessam StaffSeptember 13, 2017
The Nigerian state oil company, the Nigeria National Petroleum Corporation (NNPC) says it has intensified efforts at safeguarding pipelines from vandals and fire outbreaks in line with best safety practices to ensure and sustain steady supply of petroleum products in the country. Maikanti Baru, group managing director of NNPC, who disclosed this while receiving a […]
Nigeria’s gov’t set to end gas flaring
Businessam StaffSeptember 8, 2017
Nigeria’s federal government will soon introduce a programme to end gas flaring in the Niger Delta region, Paul Boroh, the Special Adviser to the President on Niger Delta Affairs said Friday. Boroh disclosed this during the inauguration of a water project in Gelegele-Gbene community near Benin in Ovia North East Local Government Area of Edo. […]
FG sets to deliver energy efficient houses
Businessam StaffSeptember 5, 2017
Nigeria’s Federal Government has concluded plans to embark on the massive construction of energy efficient housing across the country as part of the efforts to motivate ordinary Nigerian worker. The energy efficient houses are such that would use less power consumption or minimum energy and provide maximum comfort as well as take into account the […]
IBEDC set to distribute free pre-paid meters in Kwara
Businessam StaffAugust 8, 2017
The Ibadan Electricity Distribution Company (IBEDC) says it will soon commence the free distribution of pre-paid meters to electricity consumers in Kwara state. Asaju Kolawole, the company’s Regional Communication Officer, spoke Tuesday in an interview with the News Agency of Nigeria (NAN) in Omu-Aran, Irepodun Local Government Area, where he disclosed that the meters being […]
Nigeria set to legalise outlawed refineries, supply them with crude
Businessam StaffAugust 4, 2017
Nigeria Federal government said Thursday, that it will legalise mini refineries that are currently outlawed in the Niger Delta oil hub by the end of the year and supply them with crude at a reasonable price. This is coming as an effort by the country in fulfilling demands from community leaders. On Monday, July 31, […]
Nigeria’s state oil company signs financing deals with Shell, Chevron on key upstream projects
Businessam StaffAugust 2, 2017
The Nigerian National Petroleum Corporation (NNPC) said Wednesday that it has signed two major alternative financing deals with Chevron and Shell Nigeria for the development of some key upstream oil assets and projects in Nigeria. The alternative financing deal with Chevron was for the Sonam project, codenamed Project Falcon, which is expected to develop incremental […]
Ambush on Nigeria oil researchers subdues hopes of quick economy recovery
Businessam StaffAugust 1, 2017
An attack by Islamist militants on an oil exploration team in Nigeria’s northeast has hurt the government’s ambition to find new crude reserves, hindering a quick recovery of the West African nation’s least developed region. Militants of the Boko Haram Islamist group on July 25 staged an ambush on geologists, staff of the state-run oil company […]
Nigeria to continue oil exploration in Lake Chad Basin despite kidnapping
Businessam StaffJuly 31, 2017
Nigerian scientists will continue to search for oil in the restive Lake Chad Basin region despite a kidnapping of some researchers by suspected Boko Haram members, a university don and state oil firm NNPC said on Monday. Members of an oil prospecting team were kidnapped in the northeast’s restive Lake Chad Basin region on Tuesday, […]