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……By Olufemi Soneye….. In its editorial of 2nd August, 2024, the BusinessDay newspaper, characteristically, launched another scurrilous and baseless attack on the Nigerian National Petroleum Company Limited (NNPC Ltd). In the editorial entitled: “NNPCL: Liability or Asset to Nigerians?”, the newspaper set out to paint the picture of NNPC Ltd that is a liability to Nigeria instead of an asset ...

Oil prices hovered at eight-month lows on Monday as fears of a recession in the United States, the world’s top oil consumer, offset concerns that escalating tensions in the Middle East may affect supplies from the largest producing region. Reports says, Brent crude futures inched down 4 cents, or 0.1%, to $76.77 a barrel by 0035 GMT, while U.S. West ...

AfDB President, Dr. Akinwumi A. Adesina …….by Victor Egbo……The African Development Bank (AfDB) has signed a $20 million equity investment in the African Infrastructure Investment Fund 4 (AIIF4). The AfDB, in a statement, said the deal, signed on July 31, 2024, was to reinforce the Bank’s commitment to fostering private sector development and boosting infrastructure across the continent. The statement ...

Global PR firm Provoke Media has recognized Anthony Chiejina, Group Head of Corporate Communications at Dangote Group, as one of the “100 most influential communications and marketing executives in the world for 2024.” Provoke Media highlighted the ongoing challenges faced by corporations and brands amidst global “permacrisis” conditions, which include significant geopolitical, economic, societal, cultural, and environmental upheavals. The firm ...

Oil Major Shell Plc,  Chief Executive Officer (CEO), Wael Sawan has said that Shell delivered another strong quarter of operational and financial results.  Sawan pointed out that Shell has further strengthened it leading LNG portfolio, and made good progress across it’s  Capital Markets Day 2023 financial targets, including $1.7 billion of structural cost reductions since 2022.  “Today, we have also ...

The NNPC Ltd wishes to state that the tightness in fuel supply and distribution witnessed in some parts of Lagos and the FCT is as a result of a hitch in the discharge operations of a couple of vessels.Meanwhile, oil marketers in Lagos are collaborating with NNPC to reduce the queues at various filling stations in Lagos and Abuja. According ...

The Federal Government of Nigeria expended over ₦633.30 billion on electricity subsidies during the first quarter of 2024, according to recent findings. The Nigerian Electricity Regulatory Commission’s quarterly report highlighted that this figure marks a 150.5 percent increase from the ₦252.76 billion spent in the last quarter of 2023. The amount spent in the first quarter of 2024 also surpasses ...

Declares US 6 Cents Total Dividend Per Share for H1 2024 Seplat Energy PLC, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announces its unaudited results for the for the six months ended 30 June 2024, declaring US 6 Cents total dividend per share for the period. The foremost energy ...

The Society of Petroleum Engineers (SPE) Nigeria Council has released a statement to address all participants and prospective attendees regarding the upcoming Nigeria Annual International Conference & Exhibition (NAICE), scheduled to take place from Monday, August 5th, to Wednesday, August 7th, 2024 at Eko Hotel, Lagos. “In light of recent nationwide protests, we want to reassure everyone that the NAICE ...

From L-R: (Standing) Mr. C.O. Anighoro (Ag Chairman Warri North, Miss A. Oritsegbubemi (Beneficiary), Mrs A. Adewole (TotalEnergies M&S GM Country Services), Dr M.S. Maruel (Representing Nigerian Midstream and Downstream Petroleum Regulatory Authority), Engr. D. Oniyeburutan (Chairman Koko Human Resources Development Council), Mrs C. Ifechigha (TotalEnergies M&S S/CSR Manager). From L&R(Below) Mr G. Oritsemeyiwa (Beneficiary), Miss B. Adekola (Beneficiary), Miss ...