Chevron Nigeria Limited (“CNL”), operator of the Nigeria National Petroleum Company Limited (“NNPCL”) and CNL Joint Venture, has decried the circulation of false recruitment information in several media and online channels alleging that the company is purportedly advertising job positions. .”Additionally, fraudulent job offers have reportedly been sent through emails, text messages and phone calls by individuals purporting to be ...
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Shareholders Commend 11Plc Management Over 53 Percent Revenue Rise
L – R : Independent Non – Executive Director, Lawal Idirisu ; Chief Operating Officer , Ramesh Virwani ; Managing Director,Adetunji Oyebanji ; Non – Executive Director / Alternate Chairman ,Alhaji Abdulkadir Aminu Mamman ; Company Secretary ,Chris Olumayowa Meseko and Non- Executive Director, Paul Chukwuma Obi ,all of 11Plc ( formerly Mobil Oil Nigeria plc ) during the company’s ...
Read More »FG Signs New Power Purchase Agreement for 726MW
.. ….as Finance minister, NBET seek enabling environment, more investors…. Nigerian Bulk Electricity Trading (NBET) Plc has signed 20-year 726 megawatts Power Purchase Agreement (PPA) to improve electricity supply and attract investment. The deal was signed with Transcorp Plc. Zainab Ahmed, Minister of Finance, Budget and National Planning, said government will remain committed to improving environment for doing business in ...
Read More »NUPRC Signs Seven Oil Regulations To Boost Crude Oil Production
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signed seven oil regulations. This is part of the efforts of the Federal Government to boost metering of crude oil operations in the upstream sector of the petroleum industry. The new regulations signed by the agency are Nigeria Upstream Petroleum Measurement Regulations; Frontier Basins Exploration Fund Administration Regulations; Production Curtailment and Domestic ...
Read More »NNPCL Signs OML 130 Agreements with SAPERO, TUPNI, CNOOC, others
The Nigerian National Petroleum Company Limited has announced the signing of a suite of agreements on oil mining license (OML) 130. The company made the announcement through its official Twitter account on Thursday, May 25 by the Group General Manager, Group Public Affairs, Garba Deen Muhammed. The agreements were signed in Abuja. According to the NNPCL, the agreement on OML ...
Read More »PPI : FG Set to Install Siemens 60MVA Transformer in Ojo Transmission Substation to Replace Existing 30MVA
……….by Ben Ndubuwa……. The Federal Government is to install a 60 MVA, 132/33kV power transformer in the Ojo transmission substation in Lagos to replace an aging 30MVA, 132/33kV transformer under the first phase of the Siemens/ Presidential Power Initiative, PPI project. Though this is coming at time that lack of cooperation and other factors have been identified as reasons militating ...
Read More »11 Plc Massive Investment on Operational Facilities Yields Result Posting 200 Percent Profit After Tax
Tunji Oyebanji …..… N18 billion PAT in 2022 as against N6.08 billion PAT in 2021….. ……..by Ben Ndubuwa…….The ingenuity and long standing industry experience by the Executive Directors of 11 Plc, (formerly Mobil Oil) led by Dr. Tunji Oyebanji have turned the massive investment by the company’ s new investors into huge profit making downstream company. The companies new operational ...
Read More »Firm Boosts Domestic LPG Expansion With 20KG Composite Cylinders
An indigenous gas marketer, Second Coming Nig. Ltd., has introduced 20kg composite Liquified Petroleum Gas, LPG cylinders into the domestic market to deepen gas utilisation in every household. The firm’s Chief Executive Officer, Dr Basil Ogbuanu, at the launch on Tuesday in Lagos, said this would make it easier for families to enjoy durability of usage than refilling frequently. According ...
Read More »Manufacturers Association Commend Dangote Industries on Commissioning Refinery
The Manufacturers Association of Nigeria, MAN, wishes to felicitate with the President and Management of Dangote group on the completion and commissioning of its Petroleum Refinery located in Ibeju-Lekki, Lagos. This was made known in a statement signed by the Director General, Segun Ajayi-Kadir. “The refinery which is situated on land spanning approximately 2,635 hectares is the World’s Largest Single ...
Read More »Oando Clean Energy and LAMATA Collaborating to Blaze a Trail on Electric Buses for Lagos, Other States
Oando Clean Energy Limited (OCEL), the renewable energy subsidiary of Oando, Nigeria’s leading energy solutions provider; in partnership with the Lagos Metropolitan Area Transport Authority (LAMATA) are now set to blaze a trail with electric buses in Lagos and the entire country. Both Oando and LAMATA agreed to mark the formal commencement of operations of its electric mass transit buses ...
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