NUPRC, OPTS Agree on Sustainable Crude Oil Supply Structure for Dangote and Local Refineries In a strategic move to secure adequate crude oil supply for Nigerian refineries, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a collaborative agreement with oil producers. This agreement, established during a crucial meeting called by NUPRC, aims to create…
Access Holdings’ Shareholders Pledge Overwhelming Support for Rights Issue Shareholders of Access Holdings PLC have expressed overwhelming confidence in the company’s growth strategy and pledged their support for the ongoing N351 billion rights issue. This, they did, at the recent “Facts Behind the Rights Issue” presentation held at the Nigerian Exchange (NGX) office in Lagos….
TGI Group Pioneering Green and Digital Job Creation TGI Group is leading the charge in creating sustainable jobs through its commitment to green and digital initiatives. The company highlighted its efforts at the recent Nigeria Employers’ Consultative Association (NECA) Summit in Abuja. Akinkunle Akinpelu, Director of Group Human Resources at TGI Group, emphasized the company’s…
USAID Drives Nigeria’s Energy Transition with N115bn Investment The U.S. Agency for International Development (USAID) and Nigeria’s Federal Ministry of Power have entered a landmark partnership to revolutionize the country’s energy sector. The collaboration, formalized through a Memorandum of Understanding (MoU), aims to foster electricity sector reforms, enhance market transparency, and broaden access to sustainable,…
INTERVIEW : The divestment of expatriate companies underscores the necessity for Nigeria’s oil (and energy) independence. Wole Ogunsanya, PETAN Chairman By Jerome Okojokwu-Idu Introduction: Sequel to the recent Executive Orders and drive by Nigeria’s President Bola Ahmed Tinubu-led administration to attract investments into Nigeria’s oil and gas industry, the chairman of the Petroleum Technology Association…
12 professors, 15 others inducted into Shell sabbatical, research positions The Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture has significantly expanded its educational initiatives by inducting 27 Nigerian academics and research interns. This year’s programme, a 35% increase from the previous year, welcomed eight professors, four senior lecturers, and 15 other participants….
PHOTO STORY: Shell on facility visit to Dangote Refinery
Access Holdings Plc Secures SEC Approval for N351 Billion Rights Issue …Milestone in Capital Raising Programme to Generate up to $1.5 Billion Access Holdings Plc, one of Africa’s leading financial services groups, has received approval from the Securities and Exchange Commission (SEC) to commence its N351 billion Rights Issue (‘the Offer’). This marks a significant…
Expert Advocates Increased Synergy Between FG, Regulatory Agencies in Oil and Gas Sector There is an urgent need for increased synergy and cooperation in Nigeria’s energy, oil, and gas sector to improve productivity and ramp up investments across the value chain. Gloria Iroegbunam, General Manager, Legal and Company Secretary at LEKOIL Nigeria Limited, emphasized this…
NNPC Addresses Fuel Queues, Cites Logistics Challenges and Flooding …NNPC and Stakeholders Vow to Restore Normalcy NNPC Ltd has attributed the recent fuel queues in the Federal Capital Territory (FCT) and other parts of Nigeria to disruptions in the ship-to-ship (STS) transfer of Premium Motor Spirit (PMS), also known as petrol. The disruptions were caused…