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NNPC posts N3.3trn profit in 2023 financial report
Declares N2.1trn Dividend The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion (28%) when…
Kyari urges military to sustain onslaught against crude oil theft
Sopuruchi Onwuka The Group CEO of NNPC Ltd., Mr. Mele Kyari, has called on the military to sustain the war against crude oil theft and pipeline vandalism saying the current onslaught against the menace has yielded improved growth in the…
Nigeria tops 180,000 kta galvanizing capacity as Daewoo’s plant comes online
Sopuruchi Onwuka The commissioning of the steel galvanizing plant built by Daewoo Engineering Nigeria Limited has established the country as one of Africa’s biggest hubs for extended service life of industrial steel materials with total capacity for significant 180,000 tons…
NCDMB, Ghanaian Petroleum Commission begin technical cooperation
In furtherance of its long-standing support to African oil and gas producing countries and development of local content in the continent, the Nigerian Content Development and Monitoring Board (NCDMB) on Monday in Lagos began a five-day knowledge sharing programme with…
Minister taps gas as shortest route to improved living standards
Commends NCDMB on local content development Minister of State for Petroleum Resources (Gas), Hon Ekperikpe Ekpo, has restated government’s determination to generate values from the nation’s gas resources as the surest pathway to economic prosperity. The Minister who is co-chair…
WIEN Woman Podcast: Engr. Chichi Emenike shares secret routes to the top
One of the few indigenous women leading upstream petroleum companies in the country, Engr Chichi Emenike, is the guest to Mrs Rolake Akinkugbe-Filani and Engr Charlotte Essiet in the fourth episode of the WIEN Woman Podcast. Engr Emenike who is…
Tinubu commends increased crude production to 1.61 mbpd
Says output surge buoyed by reforms President Bola Ahmed Tinubu on Sunday declared resurgence in the oil and gas industry activities, commending the increased crude production to 1.6 million barrels per day. The president, who said this in a national…
Bad governance: How Tinubu put the wrong foot forward
Sopuruchi Onwuka After arriving to power under the country’s most controversial electoral processes that earned international indignation, President Bola Ahmed Tinubu has been relentless in churning out economic policies and programmes that have so far failed to impress…
Engr. Ogbe restates NCDMB’s support for indigenous firms
Sopuruchi Onwuka The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has assured Nigerian oil and gas service companies of continued support to sustain the impressive growth in local content and to boost their production…
