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Lekki Free Trade Zone Appoints Deputy MD

The Lekki Free Zone Development Company has appointed Bolatito Ajibode as its new deputy managing director to focus on strengthening and expanding its core business. Following a comprehensive assessment of her training and track record as a banker with over 30 years of corporate banking experience across three banks and functions, the board unanimously agreed she was the best person ...

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Shell’s Nigerian Operations May Decline as Incoming CEO Set to Rev Up Renewables Drive

Shell’s incoming Chief Executive, Wael Sawan, is set to accelerate the group’s drive to build its renewable energy business, including through a possible “transformative” clean power acquisition, company and industry sources have told Reuters. But this could mean a further cutting down of the multinational’s activities in Nigeria’s oil and gas industry, with pressure mounting on the company, which has ...

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Electricity Workers Demand Reversal of Power Sector Privatisation

The National Union of Electricity Employees, NUEE, on Wednesday, urged the Federal Government to reverse the privatization of the nation’s power sector, describing new owners of the privatised companies as ‘hustlers’ and ‘hawks’ that have contributed poorly to the power sector. The Union also accused the new owners of deceiving the Federal Government into paying N2 trillion subvention, insisting that ...

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Egbin Power Appoints Bounour CEO to Drive Transformation, Energy Transition

The Board of Egbin Power Plc has appointed Mokhtar Bounour as Chief Executive Officer of the foremost privately run thermal plant in sub-Saharan Africa that powers over 20 million homes and businesses. Bounour’s appointment, the Board said, would accelerate Egbin’s ongoing transformation and propel the company’s energy mix transition towards enhanced environmental sustainability. A Sahara Power Group Company, Egbin’s turnaround ...

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Shell Trains Medical Staff in 27 Public Hospitals in N/Delta

The Shell Petroleum Development Company of Nigeria (SPDC) says it remains committed to the capacity building of health professionals, to render quality and affordable health care service in the Niger Delta. Mr Igo Weli, Head, Corporate Relations, SPDC, stated this at the ongoing Quality Improvement Training for health care professionals from selected public hospitals on Friday in Yenagoa. The training ...

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PENGASSAN Protests, Urges Drastic Action Against Oil Theft

Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Thursday sent letter to President Muhammadu Buhari and the Nigerian National Petroleum Company (NNPC) Limited and drew government’s attention to the menace of oil theft and pipeline vandalism going on in the country. Speaking during a peaceful protest march in Abuja,Abba Mohammed, the Group General Manager, Security, ...

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PENGASSAN Threatens to Shut Down Installations Over Oil Theft

Nigeria may witness yet another fuel scarcity as members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Wednesday threatened to pull out its entire workforce from oil and gas installations nationwide in protest of the increasing oil theft and vandalism. Festus Osifo, the President of PENGASSAN, made the intentions of the association known at a ...

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Petroleum Products Marketers Begin Warning Strike in Borno

Members of the Borno branch of the Independent Petroleum Marketers Association of Nigeria (IPMAN) began a three-day warning strike on Monday to protest non-payment of members’ outstanding haulage claims. IPMAN’s spokesman in the state, Alhaji Abdulkadir Musa, said the warning strike was in compliance with a resolution reached by IPMAN branches in nine states in the north. Members in the ...

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Addax Workers Begin Strike, Oil Production Sheds 22,000 BPD

Workers of Addax Petroleum Development Nigeria have embarked on strike in protest against anti-labour practices by the firm, causing possible reduction in Nigeria’s crude oil production by 22,000 barrels per day. Addax, owned by China’s Sinopec Group, has four Oil Mining Licences, OML 123, 124, 126 and 137, and operates the assets in Production Sharing Contract with the Nigerian National ...

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