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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…
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…
Fuel price hike: confusion overtakes stakeholders
Market still not deregulated despite price increase State monopoly still rules supplies Regulator disabled Sopuruchi Onwuka The arbitrary increase of petrol prices announced by the Nigerian National Petroleum Company (NNPC) Limited Wednesday morning is definitely a total deviation from the…
Snake Island Port to earn FG N3.6 trn revenue
Sopuruchi Onwuka The development and expansion of the Snake Island Port in Lagos State generate over $5.2 billion or N3.6 trillion in revenues for the government of Nigeria under a project outline that commands princely $1.85 billon private investment. The…
Breaking! NNPC increases fuel price to N555 per liter
Despite speculations that the fuel price increase announced by President Bola Tinubu on Monday will take time to be worked out, the Nigerian National Petroleum Company (NNPC) Limited has on Wednesday morning instructed all marketers to adjust retail prices for…
Subsidy removal: Regulators, players move to arrest fuel scarcity
Sopuruchi Onwuka The declaration of President Bola Tinubu that the subsidy on the retail price of premium motor spirit popularly called petrol is gone has sparked a new round of confusion in the domestic fuel market, prompting the commercial players…
