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Coca-Cola, Starbucks and McDonald’s quit Russia
Three major multinational brands- Coca-Cola, Starbucks, and McDonald’s- all announced within hours of each other on Tuesday that they have suspended operations in Russia in response to its invasion of Ukraine. In a statement posted to its website, Starbucks announced…
Barkindo relieves OPEC of responsibility in Russian oil sanctions
Sopuruchi Onwuka World’s key oil producers’ bloc, the Organization of Petroleum Exporting Countries (OPEC), has declared that it would not take responsibility in geopolitical tension that currently propels price jumps in the global oil market. Secretary General, HE Dr Mohammed…
Seplat says it buys Mobil in Nigeria, not just assets
Seplat Energy Plc has clarified that media reports pointing at exercise of right of pre-emption by Nigerian National Petroleum Company (NNPC) Limited under the NNPC/Mobil Producing Nigeria Unlimited (“MPNU”) Joint Operating Agreement (“JOA”) has nothing to do with its acquisition…
Lagos Employment Fund facilitates 275,051 jobs, businesses
Creates 68,000 tax payers, earns budget boost Sopuruchi Onwuka The Lagos State government through its employment creation agency has facilitated the creation and enhancement of 275,051 small businesses, new employment opportunities and existing jobs in the state. Chairperson of Lagos…
NNPC potss 353% trading surplus for September
The Nigerian National Petroleum Company Limited (NNPC) Limited has announced a trading surplus of ₦37.50billion for the month of September 2021 representing a 352% increase from the ₦8.29billion surplus in August 2021. Details of the figures contained in the September…
OPEC+ ministers meet as demand outlook dips
Sopuruchi Onwuka Ministers from the Organization of Petroleum Exporting Countries and its coalition members hosted in OPEC+ are scheduled to meet on March 2 to confirm additional output by 400,000 bpd in April. The meeting comes amidst outlook that global…
IPPG demands enhanced operating environment
Sopuruchi Onwuka The indigenous petroleum producer group has called on the government to arrest worsening security and safety issues that have traditionally bedeviled the Nigerian upstream oil and gas industry operations. Chairman of the Independent Petroleum Producers Group, Mr Abdurasaq…
Stakeholders tour NCDMB facilities in N’Delta
The Nigerian Content Development and Monitoring Board (NCDMB) has kicked off a tour of its facilities in the Niger Delta regionwith stakeholders, to showcase and sensitize them of its projects and programs in the area. The tour which began in…
NLNG names Prof. Nnaji as Science Prize Board chair as 2022 cycle begins
In flagging off the 2022 cycle of the Nigeria Prize for Science, Nigeria LNG Limited (NLNG) has announced the appointment of Professor Barth Nnaji, a renowned scientist and former Minister of Power, as the chairperson of the Advisory Board for…
Fuel Scarcity: NNPC battles distributions logistics
Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited has called on Nigerians to be patient in the face of lingering fuel shortages, assuring that it was battling logistics challenges affecting efficient distribution of petrol in the country. Group General Manager…
