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Naira takes 57% plunge at the new official windows
Sopuruchi Onwuka The unification of trading windows and dismantling of official restraints on the parallel foreign exchange markets in the country is beginning to pull the dreaded inflation triggers as official exchange rate for the local currency quickly races close…
Chioma Afe is Seplat’s new Director of External Affairs and Sustainability
Sopuruchi Onwuka Seplat Energy Plc has announced the appointment of Mrs. Chioma Y. Afe as the Director in charge of External Affairs and Sustainability. Mrs Afe took her seat for the role on June 15, 2023. Chioma is an accomplished…
Deregulation: NGA welcomes revival of Autogas policy
Sopuruchi Onwuka Local players in the Nigerian gas valuechain, The Nigerian Gas Association (NGA), has commended government’s renewed plan to revive the autogas policy and cushion the cost impact of deregulation in the prices petrol in the country. The stated…
FG restores immigration permits for Seplat’s Roger Brown
Sopuruchi Onwuka Federal government has provided the Managing Director of Seplat Energy Plc, Mr Roger Brown, with all entry permits to enable him return to the country and resume his roles in the management of Nigeria’s leading diversified energy company….
TotalEnergies bursts new lode in Nigeria’s OML 102
Sopuruchi Onwuka TotalEnergies has declared significant oil and gas discovery in Ntokon oilfield within operated concession offshore eastern Niger Delta. The Ntokon oil and gas discovery was made in oil mining lease (OML) 102, some 60 kilometers offshore the southeast…
ExxonMobil appoints Adesua Dozie Vice-Chairman of Nigerian affiliates
ExxonMobil affiliates in Nigeria, Mobil Producing Nigeria Unlimited (MPN) and Esso Exploration and Production Nigeria Limited (EEPNL), now have Adesua Dozie as Vice-Chairman of their boards. Mrs Dozie takes seat from June 12, 2023. Until her appointment, Dozie, was an…
All On, GEAPP commit $11 m in 25 mini-grid projects in Nigeria
Shell funded impact investment company, All On, through its Demand Aggregation for Renewable Technologies (DART) program, has announced its commitment of $11 million to support 25 mini-grid projects in Nigeria. This was made known at an inaugural DART workshop with…
NMDPRA accuses MPN of illegal butane lifting
In what appears to be developing into a regular pattern, petroleum industry regulators are at dispute with Mobil Producing Nigeria (MPN) Unlimited, a local affiliate of ExxonMobil in Nigeria, over commodity accounting gaps at operated Bonny River Terminal. Whereas the…
Rungas, NCDMB partner in 3 m/yr gas cylinder production
Sopuruchi Onwuka Indigenous gas cylinder producer, Rungas, will in next 18 months scale up output to over 3.0 million type 3 composite cylinders per annum. General Manager, Tarilate Iyabi, who spoke with The Oracle Today in Yenegoa, Bayelsa State, stated…
Fuel crisis: Signals the market is still under capture
Sopuruchi Onwuka The prevailing spar between the organized labour and the new government of President Bola Tinubu over the controversial increase in fuel prices tend to conceal a critical distortion in the market, shifting attention from market liberalization to insidious…
