The Federal Government says it will increase crude oil production to the national target of three million barrels per day and reserves of 40 million barrels before 2023. Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), said this while addressing the House of Representatives Committee on Petroleum Upstream chaired by Rep. Musa Adar…
A Nigerian Investment Bank, FSL Securities Limited is assisting Imo State Government to raise about One Hundred Billion(100b) Naira for infrastructural development in the State. The group made the disclosure during a meeting with the Deputy Governor of Imo State, Engr. Gerald Irona at the Government House, Owerri, Tuesday afternoon. In his presentation, Group Managing Director…
To shore up the skill pool in the Oil and Gas Industry, the Nigerian National Petroleum Corporation (NNPC) and the Oil and Gas Trainers Association (OGTAN) have expressed their readiness to partner in boosting the education and capacity levels of workers in the Petroleum Sector. Group Managing Director of the NNPC, Mallam Mele Kyari and…
Oil prices slid on Thursday as hopes faded for any significant progress in U.S.-China trade talks that could dispel clouds over the global economy and gloom over prospects for weaker oil demand. Global benchmark Brent crude futures fell 26 cents, or 0.5 per cent, to $58.05 a barrel while U.S. West Texas Intermediate crude was at…
The Nigerian Ports Authority, has dismissed what it called the blackmail of a section of its former workers who have assembled under the name; Nigerian Ports Authority Concerned Pensioners (NPACP), a group that is not known to any Nigerian law. Although members of this group, led by Mr. Charles Ayo Binitie are former employees of…
Vice President Yemi Osinbajo has wooed investors from the Nordic region with assurances that Nigeria is deeply committed to expanding opportunities for investments in renewable energy, and technology. Osinbajo took the message to a cross section of Norwegian investors at a round-table event at the Nordic-African Business Summit holding in Oslo, Norway. A statement by…
A total of 115 cataract patients benefitted from this year’s free eye surgery sponsored by Samsung Heavy Industries Nigeria Limited (SHIN) in collaboration with the Lagos State University Teaching Hospital (LASUTH), and Vision Care, an arm of the World Health Organisation (WHO) dedicated to restore and improve people vision. Speaking to journalists at a joint…
To shore up the skill pool in the Oil and Gas Industry, the Nigerian National Petroleum Corporation (NNPC) and the Oil and Gas Trainers Association (OGTAN) have expressed their readiness to partner in boosting the education and capacity levels of workers in the Petroleum Sector. Group Managing Director of the NNPC, Mallam Mele Kyari and…
The Nigerian National Petroleum Corporation (NNPC), has expressed its commitment to sustain adoption of global approach in its bid to reposition the Oil and Gas Industry in Nigeria. A release by the corporation’s Acting Group General Manager, Group Public Affairs, Mr. Samson Makoji, said the NNPC Group Managing Director, Mallam Melle Kyari stated this Tuesday…
The Nigerian National Petroleum Corporation, NNPC has recorded an improved trading surplus of ₦4.26 billion in the month of July compared to the ₦3.92 billion surplus posted in June 2019. Also, a total crude oil and gas export receipt of $390.33 million was recorded in the same month as against $312.93 million in June. It stated…