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184 Beneficiaries of NNPC/Shell Cradle-to-Career Programme Migrated to Varsity Scholarship

A total of 184 beneficiaries of the NNPC/Shell Cradle-to-Career scholarship for secondary school students have been migrated to the SPDC JV university scholarship programme in the last five years, Shell’s Head of Corporate Relations for Nigeria, Igo Weli, has said, adding that the beneficiaries are all from the company’s areas of operations in the Niger Delta. “These beneficiaries are among ...

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Sahara Group’s SAPET GAS Makes Historic Sail into Cote D’Ivoire to Promote Energy Transition

The Ivorian National shores welcomed a whiff of clean energy as SAPET GAS, the pioneer Liquefied Petroleum Gas (LPG) vessel to be named under Ivorian origin and carry the national flag, made its historic maiden voyage to Cote D’Ivoire. Commissioned last May in Ulsan, South Korea, the 23,000 cubic metre capacity vessel which cost CFA 26 billion was received by ...

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Blackout as National Grid Collapses Again

The National Grid on Wednesday suffered another system collapse resulting in blackout in some parts of the country. Eko Electricity Distribution Company (EKEDC) confirmed the development in a statement on Wednesday. “Dear Customers, we regret to inform you of a system collapse on the National grid at precisely 11:27a.m today, July 20. “We are in talks with the Transmission Company of ...

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Marketers Hail Unveiling of New NNPC, Task Company on Competitiveness

The Major Oil Marketers Association of Nigeria (MOMAN) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have hailed the unveiling of the new Nigerian National Petroleum Company (NNPC) Ltd. The marketers also tasked the NNPC Ltd to be competitive and efficient in its operations going forward in order to achieve the aim of the transition and for the benefit ...

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Elcrest Exploration Donates Relief Items to Oil Spill Communities in Delta

The Elcrest Exploration and Production Nigeria limited has presented various relief items to two communities in Gbetiokun, Delta, recently affected by oil spill. The company made the presentation on behalf of itself and the Nigeria Petroleum Development Company (NPDC), Operator of the OML 40 Joint Venture (JV) to Beresibi and Eghoro communities. This is contained in a statement on Tuesday  ...

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New NNPC Ltd Opening New Vintages for Partnerships – FG

The Federal Government has described the new Nigerian National Petroleum Company Ltd (NNPC Ltd.) as a new dawn in the quest for growth and development of Nigerian oil and gas industry. Chief Timipre Sylva, Minister of State for Petroleum Resources, made this known on Tuesday at the unveiling of NNPC Limited to the world at Presidential Banquet Hall, Abuja. President ...

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Energy Prices: Manufacturers Raise Alarm Over Imminent Industry Collapse

As the rising cost of diesel alongside poor electricity supply and lingering foreign exchange challenges takes a toll on the manufacturing sector, operators have raised the alarm about imminent collapse of the productive sector, if the government does not provide any form of intervention. The Manufacturers Association of Nigeria (MAN), in reaction to the current increase in price of diesel ...

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Ardova Posts N1.54 Billion Profit for 2021 with Investment in Cleaner Energy Infrastructure

Ardova Plc (AP) has posted a profit of N1.54 billion for the financial year ended Dec. 31, 2021. The integrated energy company made this known in its audited financial statements and first quarter (Q1) 2022 unaudited financial results which was released on Thursday in Lagos. The statement said, however, losses from subsidiaries Axles and Cartage, and newly acquired Enyo Retail ...

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NNPC Weekly: Company Subsidiary Expands Business Portfolio with ₦12 Billion Profit

The weekly activities of the Nigerian National Petroleum Company Limited (NNPC Ltd.) started with one of its subsidiary, the Petroleum Products Marketing Company (PPMC), brandishing an impressive financial record of N12.95 billion profit. The profit was for the year ended Dec. 31, 2021 representing a 260 per cent increase over its net profit of N3.59 billion in 2020. Mr Umar ...

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