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President Muhammadu Buhari has written to the Senate, seeking for the screening and confirmation of of Engr. Sanusi Garba as Executive Chairman of the Nigeria Electricity Regulatory Commission (NERC). In this regard and if confirmed by the Senate, Garba will be replacing Professor James Momoh from Edo State, South South. Also to be confirmed are: Dr. Musiliu Olalekan Oseni as ...

……by Musa Ibrahim……. International Oil Companies (IOCs), Nigerian Content Development and Monitoring Board, (NCDMB) and key organisations in the oil and gas industry, have kicked against increasing the percentage of the Nigerian Content Development Fund, NCDF, from the current one per cent to two per cent as proposed in the amendment of the Nigerian Oil and Gas Industry Content Development, ...

………by Jenifer Dike……………… The Chairman of Major Oil Marketers Association of Nigeria (MOMAN), Mr.Tunji Oyebanji has said that the Association is working closely with the National Assembly and the Ministry of Petroleum Resources to ensure that the out come of the Petroleum Industry Bill would enhance the deregulated downstream sector. Oyebanji welcomed the proposed creation of the Nigerian Midstream and ...

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), stands in solidarity with all well-meaning Nigerians, as we peacefully demand the Nigerian Government puts an end to Brutality in all and any form, by any organisation or sector. In the past few weeks, reports have come to light detailing the excessive use of force by police officers: including ...

The National Union of Petroleum and Natural Gas Workers (NUPENG) said it had not directed any shutdown of fuel stations or other oil installations In a rejoinder, which it’s National President, Williams Akporeha, and National General Secretary, Olawale Afolabi, signed, the union said none of its organs made the order because of the ongoing EndSARS protests. NUPENG expressed its support ...

The Managing Director, Niger Delta Power Holding Company, Chiedu Ugbo, projects that power supply will increase from the about 5,000 megawatts currently available to 7,000MW in one year. How would describe the progress of power generation in Nigeria The installed capacity in the country as 1999 was between 5,000 to 6,000MW. When I say installed, I mean the nameplate of ...

The Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Mele Kyari has lauded Waltersmith Petroman Oil Limited for completing its 5,000 barrels per day (bpd) Modular Refinery projected located in Ibigwe, Imo State. The NNPC GMD who was represented by Yusuf Usman, Chief Operating Officer, Gas & Power, during a pre-commissioning visit to the plant, said that the modular ...

Mr David Malpass, President of the World Bank Group, has commended the Federal Government for removing subsidies on petroleum products. He said this in Washington D. C. on Wednesday at the opening press conference for the World Bank at the ongoing 2020 International Monetary Fund (IMF)/World Bank virtual annual meetings. Malpass was responding to a question on whether the World ...

As part of concerted efforts to ramp up gas-to-industries and gas-to-power in the country, the Nigerian National Petroleum Corporation (NNPC) has revealed that the Asa North-Ohaji South (ANOH) gas project, one of the largest green field gas condensate development projects ever undertaken in Nigeria, was expected to produce 600million standard cubic feet of gas per day, an equivalent of approximately ...

Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019. A statement by the Corporation’s spokesman, Dr. Kennie Obateru, quoted the NNPC Chief Financial Officer (CFO), Mr. Umar Ajiya, as saying ...