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…Saves Billions of Dollars in Liabilities for Nigeria…….. The Litigation Team of the Nigerian National Petroleum Corporation (NNPC) has won the Leading Case Counsel Team of the 2020 Africa Arbitration Awards. A press release by the Corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, states that the award was given to the NNPC Litigation Team in recognition ...

The Waltersmith Petroman Host Information Minister Mr. Lai Mohammed and Nigerian Content Development and Monitoring Board (NCDMB), at its Modular Refinery located at Ibigwe, Ohaji-Egbema Local Government Area of Imo State. The 5000 barrels per day modular refinery is being developed with equity investment by the NCDMB, in line with its vision to catalyse the development of critical oil and ...

by Musa Ibrahim………………….. The Managing Director of Niger Delta Power Holding Company (NDPHC), Chiedu Ugbo has said that the. company is going to wheel 125MW of electricity to the national grid to boost power supply in the country. The Managing Director of NDPHC, Mr. Chiedu Ugbo, disclosed this in Abuja on Monday, when Gov. Aminu Masari of Katsina State visited ...

by Abisoye Shola……………….. There are strong indications that India, the major importer of Nigeria’s crude oil and the third largest importer of crude oil in the world may continue to reduce her demand for crude particularly from Nigeria as her oil import bills shrinks . India’s Minister of Petroleum Dharmendra Pradhan told the country’s Parliament on Monday saying that because ...

First Bank of Nigeria, one of Nigeria’s leading financial inclusion services provider, has graduated 12 successful candidates in the third edition of its Senior Management Development Program (SMDP). The graduation ceremony was held virtually. The Senior Management Development Programme (SMDP) is FirstBank’s intensive modular program for a select group of senior managers to principal managers who are proven leaders in ...

The Asset Management Corporation of Nigeria (AMCON) on Monday took over assets worth N4 billion of an investment firm belongingto Frank and Lilian Okwudili over a staggering indebtedness of the firm. A statement by the corporation said the decision followed the order of Justice M.S. Hassan of the Federal High Court, Lagos division. The statement said the Okwudilis are the ...

by Musa Ibrahim…………….. The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said that there may not be significant reduction of pump prices of petroleum products when Dangote Refineries comes onstream. According to her when Dangote’s refinery begins operations next year, it may not lead to significant reduction in the price of petrol because it will be selling ...

A legislative oversight appears to have exposed cracks in the operations of the Hydrocarbon Pollution Remediation Project (HYPREP), a body established by the Federal Ministry of Environment to implement the United Nations Environment Programme (UNEP) Report on Ogoniland and oversee the clean up of the polluted region. Amid complaints by the Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) that ...

Nigerian National Petroleum Corporation (NNPC) has pledged to support ongoing initiatives by the Ministry of Petroleum Resources to provide alternate energy source to Nigerians through aggressive activation of Compressed Natural Gas (CNG) refill stations for motorists across the country. Speaking on TVC Business Show, Business Nigeria Live, the Group Managing Director of the Corporation, Mallam Mele Kyari, affirmed that the National ...

The Ogun State Government has said that it would expand the industrial base of Abeokuta, the State Capital by setting up industrial clusters around the new Lagos-Ibadan Railway Line which passes through the City, while soliciting the support of the Niger Delta Power Holding Company, NDPHC to make power available to the affected areas. The State Governor, Prince Dapo Abiodun ...