Photo : Management and staff of NCDMB with senior officials of the Anti-Corruption Agency of Nigeria (ACAN) at the conclusion of the three-day sensitization workshop on “Achieving Zero-tolerance for Corruption in the Workplace,” held at NCDMB Conference Hall, Yenagoa. …….by Ben Ndubuwa…… The Nigerian Content Development and Monitoring Board (NCDMB) and the Anti-Corruption Agency of Nigeria (ACAN) recently concluded a ...

……… ….. ……by Victor Egbo….. Total Energies Marketing Nigeria Plc reported its 2023 second-quarter results showing pre-tax profits grew by 14.12% year on year, reaching N7.052 billion. This took half-year pre-tax profits to N13.476 billion versus N12.733 billion in the same period last year. Key Highlights Q2 2023 vs Q2 2022 Revenue 325 billion +25.06% YoY Cost of sales N119.301 ...

………Plant Shuts Down due to Gas…… ………..by Victor Egbo…… The Niger Delta Power Holding Company Limited (NDPHC), said it was aware of an erroneous news article that is being disseminated through various print and online media outlets, titled “Eko, Aba Electricity Distribution Company Suffer Outages as Supply Plant Shuts Down.” The initial reaction, upon reviewing the content, is a sense ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said the global momentum and impact of the energy transition have made it mandatory for players in the oil and gas sector bring in innovative measures to mitigate the effect of energy transition. The NUPRC Chief Executive, Gbenga Komolafe, disclosed this in a statement over the weekend.. The statement said Mr Komolafe made ...

The NLNG Shipping and Marine Services Limited (NSML), a subsidiary of the Nigerian Liquified Natural Gas, NLNG, has launched its Clean Waterways Initiative, a programme to raise awareness of the dangers of plastic pollution and to advocate for action to address the issue. Speaking on the initiative, the Chief Executive Officer of NSML, Mr Abdulkadir Ahmed, highlighted the urgency of ...

The Liquidfied Petroleum Gas Retailers (LPGAR) has suggested to the Federal Government to establish more local LPG production plants, encourage storage and transportation of the product to avert price hike. Mr Ayobami Olarinoye, the Branch National Chairman of LPGAR, made the remarks in the backdrop of the ongoing increase in price of cooking gas. According to Olarinoye, the price has ...

Access Bank has instituted a law suit against Seplat Energy Co-founder, Bryant Orjioko over his indebtness to the bank. A federal high court in Lagos granted an ex-parte order freezing the bank accounts of Orjiako, who is also the ex-chairman of Seplat Energy Plc, over his alleged indebtedness to Access Bank Plc. Nicholas Oweibo, the presiding judge, made the order ...

Commercial concerns and individuals in two of Nigeria’s largest commercial cities, Lagos and Aba, have heaved a sigh of relief following the restoration yesterday of electric power to two electricity distribution firms in their places by the Niger Delta Power Holding Company (NDPHC).The NDPHC, set up by the President Olusegun Obasanjo administration as an intervention agency to grapple with the ...

……….by Ben Ndubuwa……. Global oil market is maintaining stability with prices hitting new peaks on Wednesday as Brent crude was up $1.00, or 1.2 per cent, having touched $87.24, the highest price since April This follows tighter supply owing to Saudi and Russian output cuts offset concerns over slow demand from China and a report showing rising U.S. crude inventories. ...

………Express Confidence In Management…… A group consisting of shareholders with major stake in Nigeria’s indigenous oil giant, Seplat Energy has vouched for the authenticity, sanctity and correctness of the company’s half-year results, which reported stellar performance. The group, Eagle Eye shareholders of Seplat Energy, also expressed confidence in the management’s capability to deliver superior returns and place the organization on ...