Buhari Overrides NNPC, seals ExxonMobil Deal With Seplat Energy
President Muhammadu Buhari has approved the acquisition of ExxonMobil Corporation assets by Seplat Energy Plc despite moves by the state-owned oil company to block the deal. In February, Seplat had entered into an agreement to acquire the entire share capital…
Shell set to resume operations in Imo, Says Govt
Shell Petroleum Development Company (SPDC) is set to return to Imo to resume operations after years of exiting the State as a result of insecurity. The cheery news was broken on Thursday by Governor Hope Uzodimma after a between him…
NCDMB commends Total Energies for revamping GTC PH
The Nigerian Content Development and Monitoring Board (NCDMB) has commended TotalEnergies Exploration and Production Nigeria Limited for embarking on infrastructural upgrade of the Government Technical College (GTC), Rivers State. The projects include the construction of technical workshop, 200-bed hostel, and…
Presco Plc reports a standalone EPS growth of 12.7% y/y
Presco Plc (PRESCO) published its Q2-22 unaudited financials on Friday (July 29) reporting a standalone EPS growth of 12.7% y/y to NGN7.59 in Q2-22 (Q2-21: NGN6.73). Accordingly, H1-22 EPS stood at NGN13.47 (+33.1% y/y). The growth in EPS was driven…
Chevron decries circulation of false recruitment information
Chevron Nigeria Limited (“CNL”), operator of the Nigeria National Petroleum Corporation (NNPC)/CNL Joint Venture, is aware of the circulation of false recruitment information posted in several media and online channels by unscrupulous persons and organizations in the name of CNL…
TotalEnergies Report second 2022 interim dividend of €0.69/share
The Board of Directors of TotalEnergies SE, meeting on July 27, 2022 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, declared the distribution of the second 2022 interim dividend at €0.69/share, similar to the first 2022…
Economy: Dangote Petrochemical Plant Hub For Polypropylene in Africa
The Dangote’s $2 billion Petrochemical Plant located in Lagos when fully operational will position Nigeria as one of Africa’s largest petrochemicals hubs and boost non-oil export earnings for the country, according to the Dangote Group President, Aliko Dangote. The 900,000…
Old Port-Harcourt Refinery Comes Alive 2023—NNPC
Nigerians have been assured that the rehabilitation of the Old Port Harcourt Refinery with a refining capacity of 60, 000 barrels per day would be completed and put to use by the first quarter of 2023. The Managing Director of…
NCDMB commends Caverton on Integrated Offshore Support Service
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has lauded Caverton Offshore Support Group on its growth towards being a fully integrated offshore support company in Sub-Saharan Africa. Engr. Wabote spoke through…
APPO, NCDMB collaboration imminent
APPO Visits NCDMB, NOGaPs, Seeks Collaboration in Capacity Building A delegation from the African Petroleum Producers Organization (APPO) has paid a two-day study visit to the headquarters of the Nigerian Content Development and Monitoring Board (NCDMB). Part of the facilities…
