Author: majorwavesen

OIL AND GAS | NEWS

NNPC Earns Maritime Security Certification, Highlighting Commitment to Regulatory Compliance
Bymajorwavesen June 2, 2024

NNPC Earns Maritime Security Certification, Highlighting Commitment to Regulatory Compliance Nigeria – The Nigerian National Petroleum Corporation (NNPC) Limited has been awarded the International Ship and Port Facility Security (ISPS) Code Compliance certification by the Nigerian Maritime Administration and Safety Agency (NIMASA). This achievement underscores NNPC’s dedication to process improvement, regulatory adherence, and overall operational…

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NEWS | OIL AND GAS

Oando Plc Records N74.7 Billion Profit in 2023, Bolstered by Strategic Ventures
Bymajorwavesen June 2, 2024

Oando Plc Records N74.7 Billion Profit in 2023, Bolstered by Strategic Ventures Oando PLC, a frontrunner in Nigeria’s indigenous energy sector, announced a robust N74.7 billion Profit-After-Tax (PAT) in its unaudited financial report for the fiscal year ending in 2023. This impressive figure signals a notable turnaround from the preceding year when the company experienced…

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OIL AND GAS

NNPC/SHELL JV Begins Prospect for Oil in Ogun State
Bymajorwavesen June 2, 2024

NNPC/SHELL JV Begins Prospect for Oil in Ogun State The quest of Ogun State to become an oil producing State would soon materialize as the Nigerian National Petroleum Corporation Limited (NNPCL) and Shell Petroleum Development Company (SPDC) Joint Venture, set to begin oil and gas exploration in the Gateway State. Major Stakeholders in the nation’s…

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INFRASTRUCTURE | OIL AND GAS

Nigeria Unveils CNG Plant in Lagos to Counter Petrol Subsidy Removal
Bymajorwavesen June 2, 2024

Nigeria Unveils CNG Plant in Lagos to Counter Petrol Subsidy Removal Lagos, Nigeria – In a move to ease the impact of petrol subsidy removal and provide alternative fuel options, the Federal Government of Nigeria has commissioned a new Compressed Natural Gas (CNG) plant in Lagos. Key Points: 5.2 mmscfd CNG Plant Launched: The 5.2…

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POWER

Government Considers Special FX Access for Power Plants to Boost Electricity Supply
Bymajorwavesen June 2, 2024

Government Considers Special FX Access for Power Plants to Boost Electricity Supply Nigeria – The Federal Government is exploring ways to provide electricity generation companies (GenCos) with easier access to foreign exchange (forex) for maintenance and operations. This initiative aims to address a critical bottleneck hindering national power generation. Minister Adelabu Announces Initiative: The Minister…

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OIL AND GAS

NNPC Uncovers 122 Illegal Refineries in Renewed Drive Against Oil Theft
Bymajorwavesen May 31, 2024

NNPC Uncovers 122 Illegal Refineries in Renewed Drive Against Oil Theft Fuel Station Sealed for Selling Illegally Refined Product In a robust effort to combat oil theft, the Nigerian National Petroleum Company Limited (NNPC) has uncovered 122 illegal oil refining sites across the Niger Delta region in the past week. Additionally, a fuel station in…

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OIL AND GAS | Sustainability

Bridging the Gap: Decade of Gas Secretariat Trains Media to Drive Gas Sector Growth
Bymajorwavesen May 31, 2024

Bridging the Gap: Decade of Gas Secretariat Trains Media to Drive Gas Sector Growth The Decade of Gas Secretariat recently conducted a pivotal training session for influential energy journalists at Eko Hotels and Suites, Victoria Island, Lagos. This one-day event, titled “Gas Basics and Awareness,” aimed to deepen participants’ understanding of the gas sector to…

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NEWS

Aigboje Aig-Imoukhuede Honoured with African Banker Lifetime Achievement Award
Bymajorwavesen May 31, 2024

Aigboje Aig-Imoukhuede Honoured with African Banker Lifetime Achievement Award …Visits President William Ruto of Kenya Aigboje Aig-Imoukhuede, CON, Chairman of Access Holdings PLC and Coronation Group, has been awarded the prestigious African Banker Lifetime Achievement Award. This distinguished accolade was presented during the African Banker Awards gala dinner, held in Nairobi, Kenya, in conjunction with…

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INFRASTRUCTURE

Dangote Cement Trucks to Run on CNG by 2025
Bymajorwavesen May 31, 2024

Dangote Cement Trucks to Run on CNG by 2025 Dangote Cement Plc has announced plans to convert thousands of its delivery trucks to run on Compressed Natural Gas (CNG) by 2025. This initiative aligns with the Federal Government’s agenda to adopt alternative fuels for official vehicles. Alhaji Aliko Dangote, Chairman of Dangote Cement Plc, shared…

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MARITIME | NEWS

Marine and Blue Economy Ministry Generates N242bn in Q1 2024
Bymajorwavesen May 31, 2024

Marine and Blue Economy Ministry Generates N242bn in Q1 2024 The Ministry of Marine and Blue Economy, led by Minister Adegboyega Oyetola, reported a substantial revenue of N242 billion in the first quarter of 2024. This marks a significant 92 percent increase from the N126 billion generated in the same period in 2023. During a…

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