Seplat Energy Plc has refuted the media report to the effect that its Chief Executive Officer (“CEO”), Mr. Roger Brown’s resident permit has been withdrawn by the Federal Government The company in a letter signed by Basil Omiyi, Independent Chairman, on behalf of the entire Board of Seplat Energy PLC and sent to both the Nigeria Exchange and London Exchange ...

L-R, Mrs Chioma Omolaye, an Educator and Pioneer of STEM Show; Engr. Chariotte Essiet, Director of Corporate/Regulatory Affairs, AOS Orwell Ltd; Engr Adeoye Fadeyibi FNSC, MD/CEO Abuja Electricity Distribution Company; Mrs Folake Soetan, Chief Executive Officer, Ikeja Electric; Mrs Uche Uzoebo, Chief Distribution & Stakeholder Engagement Officer SANEF during the celebration of Internation Women’s Day by Ikeja Electric. A leading ...

The Nigerian Content Development and Monitoring Board (NCDMB) said the newly launched $50 million will only be accessed by operators in the oil and gas industrial park. NCDMB and Bank of Industry yesterday in Lagos launched the $US50 million dollars fund for NOGAPS Manufacturing Product Line. The fund is to incentivize companies that would operate in the Nigerian Oil and ...

……by Jenifer Dike in Houston……The Nigeria National Petroleum Company Limited (NNPCL) has said that Nigeria is now laying Emphasises on shift from Production of oil with Associated Gas to Production of Gas to Associated oil. NNPC is set to do this by leveraging gas as transition and destination fuel, deploying gas for electrification, domestic industries exports Chief Upstream Investment Officer, ...

As the focus of oil producers globally shifts to deep water projects which are envisaged to attract over N200billion in new investment this year, Nigeria, one of Africa’s biggest oil producers, has positioned itself to benefit from this investment, Nigeria has big plans to diversify its oil operations by developing new projects outside the Niger Delta in the north of ...

Total Energies Marketing Plc has projected a revenue of N3,578bn for the second quarter of 2023. This was revealed in a notice issued on the website of the Nigerian Exchange Limited on Monday by its Executive Director, Mrs L. Baxter-Green, The oil marketing firm projected N84.855bn in revenue between April and June 2023 and a cost of sales of N70.689bn. ...

Access Bank PLC’s Managing Director, Roosevelt Ogbonna, has been appointed to the Presidential High-Level Advisory Council on Support to Women and Girls by His Excellency, President Muhammadu Buhari, the President of the Federal Republic of Nigeria. This appointment comes as a result of Access Bank PLC’s dedication to women’s empowerment through adequate financing and literacy promotion, as well as advocacy ...

The management of Nigerian National Petroleum Company (NNPC) Limited has replaced Eroton Exploration and Production Limited as the new operator of oil mining lease (OML) 18. According to the company, this was done in order to protect the JV investment in OML 18, the non-operating partners, NNPC Limited (55 per cent interest) and OML 18 Energy Limited (“OML 18 Energy” ...

Oil major Shell and state-owned QatarEnergy (QE) have made a new oil discovery at a deepwater exploration well around 270km offshore Namibia, the country’s third in just over a year. The “light oil” discovery in the PEL-39 licence in the Orange Basin offshore southern Namibia was announced by QE, which holds a 45pc non-operating interest in the block, and Namibia’s ...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said it is working with other industry operators to clear the slight tightness being experienced in the distribution of Premium Motor Spirit (PMS), also called petrol. Mr Farouk Ahmed, Authority Chief Executive, NMDPRA made this known in Abuja.He said that operations in loading depots have fully resumed, following the restriction of ...