Dr Kenneth Okereafor, a Cyber Security Expert, has underscored the need to have regulations in place to monitor and mitigate cyber attacks through a single risk information system security management entity. Okereafor said this during a two-day Information Assurance Workshop, organised for Ministries, Departments and Agencies (MDAs) of government in collaboration with the Office of…
MTN Nigeria Communications Plc on Wednesday announced a revenue of N856.48 billion for nine months ended Sept. 30, 2019. The revenue figure is on the company’s nine months unaudited result posted on the Nigerian Stock Exchange (NSE) website. The unaudited result showed that the revenue represented a growth of 12.03 per cent when compared with N764.46…
The Programme Manager, National LPG Expansion Plan, Mr Dayo Adeshina, on Wednesday said the Federal Government was targeting the consumption of five million tons of Liquefied Petroleum Gas (LPG) by Nigerians in 2023. Adeshina said this at the 13th Edition of the Oil Trading and Logistics (OTL Africa Downstream) Conference in Lagos. The National LPG Expansion…
Chevron is seeking to sell several Nigerian oilfields as part of a global drive to reshape its portfolio as it focuses on growing its U.S. shale output, banking and industry sources said. Chevron joins rivals including Exxon Mobil and Royal Dutch Shell in a drive by foreign oil companies to reduce their footprint in Africa’s…
Mr Peter Ijeh, the South East Zonal Controller of Department of Petroleum Resources (DPR) has blamed the Independent Petroleum Marketers for the chaos in the sector. Ijeh said this in a paper entitled “The Role of Government in Sanitising the Petroleum Markets” on Wednesday in Awka at a summit organised for the marketers. The theme…
South Sudan and Egypt sign a Memorandum of Understanding regarding cooperation in the field of downstream oil and gas, during the 2019 South Sudan Oil & Power Conference. The country will launch its first ever licensing agreement in the first quarter of 2020 regarding 13 blocks onshore open for tender. With opening keynotes…
The organisers of the Future Energy Nigeria conference and exhibition taking place in Lagos, will focus on bridging the country’s energy access gap, the role of off-grid generation projects as well as discussions on the Nigerian Electricity Regulatory Commission, NERC initiative to franchise the Electricity Distribution Companies (DisCos) in Nigeria. The forum will also feature high-level panel discussion…
Africa’s largest oil refinery will deliver its fuels to Nigerian consumers via roads and sea ports, and will effectively replace all of Nigeria’s fuel imports once fully operational, a company executive said on Tuesday. The 650,000 barrel-per-day Dangote oil refinery is under construction in Lagos, the biggest city in the most fuel-consuming nation in the…
Seplat Petroleum Development Company Plc, SEPLAT, has announced its unaudited results for the nine months ended 30 September 2019 released to the Nigerian Stock Exchange, NSE and London Stock Exchange, LSE. The company declared a $29m interim dividend to shareholders and highlighted that its recent £382m cash acquisition of Eland Oil and Gas Plc would…
Organizers of the Gas Exporting Countries Forum, GECF, has said the event is set to host member countries in Malabo in Equatorial Guinea for the 5th GECF Summit of Heads of State and Governments, taking place between November 26 and 29, 2019. The 2nd International Gas Seminar also forms part of the event, which will bring together ministers…