NNPC Ltd/Chevron JV Concludes Conversion of Assets into PIA Terms …As Partners Eye JV’s 165,000 bopd Oil Production Target by Dec 2024 In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd and its Joint Venture (JV) partner, Chevron […]
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NCDMB Lauds Nigerian Content Achievements in NLNG’s Train 7 Project, Calls for Greater Industry Collaboration The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has commended the significant Nigerian Content strides achieved in the Nigeria LNG Limited (NLNG) Train 7 Project. Speaking on Friday during a visit
ENOUGH IS ENOUGH! – ‘WE SAY NO TO OVER-REGULATION OF THE SECTOR’ Spaces for Change (S4C) has called for the immediate jettisoning of the Not-For-Profit Governance Code (NFPGC) 2023 proposed by the Financial Reporting Council of Nigeria. In a statement issued to the media in Lagos, S4C, stated: “This new code aims to add
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SERAP gives Tinubu 48 hours to reverse ‘unlawful petrol price hike, probe NNPCL’ Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his “leadership position and good offices to direct the Nigerian National Petroleum Company Limited (NNPCL) to immediately reverse the apparently illegal and unconstitutional increase in the pump price of premium
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Fuel Scarcity: NNPC not sole distributor of Dangote Refinery products — Mgt By Our Correspondent THE NNPC Ltd, has denied being the sole distributor of Dangote Refinery petroleum products. According to the company, which noted that the pricing of petroleum products is determined by market forces, said recent changes in petrol prices have no impact
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PMS Prices are Determined by Free Market Forces—NNPC Ltd The Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS), which are governed by unrestricted free market forces, as provided for in the Petroleum Industry
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CORAN congratulates Dangote Refinery on its landmark milestone The Crude Oil Refinery-owners Association of Nigeria (CORAN) has extended its heartfelt congratulations to Mr. Aliko Dangote and his team at Dangote Refinery on the remarkable achievement of commencing the production of Premium Motor Spirit (PMS). The group said that this significant milestone is not only
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SIGH OF RELIEF AS DANGOTE REFINERY LAUNCHES EURO-V PETROL …Promises no more importation of polypropylene as from October For the first time, Nigerians will gain a clear understanding of the country’s actual fuel consumption, according to Aliko Dangote, President of Dangote Group. This announcement comes as Dangote officially confirmed the rollout of Premium Motor Spirit
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Food Security: Dangote Cement Ibese Donates Agricultural Inputs to Farmers in Host Communities …Trains farmers on applications Determined to boost food production and enhance socio-economic development of its host communities, Dangote Cement, Ibese Plant has donated agricultural supplies to local farmers. This initiative is part of the company’s broader empowerment programme designed to ensure
AJERAP joins African Energy Week 2024 as media partner . As Afreximbank, APPO, Oando, NCDMB, NLNG, Seplat, Sahara Group, OPEC, Aradel, UTM Offshore, ND Western, BUA Group, others set to participate The African Association of Energy Journalists and Publishers, AJERAP, (https://ajerap.org/) with members drawn from 54 African nations, has joined the African Energy Week
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