The Nigeria Liquefied Natural Gas Limited (NLNG) has faulted report that its gas plant on Bonny Island has shut down operations. Describing the report as false and misleading,the company reiterated that operation at its plant on Bonny Island is still…
The Executive Secretar y of the Nigerian Content Development and Monitoring Board (NCDMB) has harped on the relevance of structured capacity building intervention to spur the development of in-country capacities and capabilities. The Executive Secretary NCDMB, Engr. Simbi Kesiye Wabote…
Optimus Bank Limited, a fully licensed national commercial bank, has officially comme nced its operations in the country. During the grand opening and formal launch of the bank in Lagos on Wednesday, the Chairman of the bank, Mr Oghogho Akpata,…
The continued shutdown of operations by Nigerian Liquefied Natural Gas Ltd is a looming danger to the country’s annual production of 22 million tonnes of gas. Last week Tuesday, NLNG spokesman, Andy Odeh, said the force majeure it declared in…
Seplat Energy has denied reports of its ownership of the capsized Majestic rig in Delta State. According to a press statement issued by Seplat, “Contrary to some media reports, the Majestic rig is owned by Depthwize Nigeria Limited and not…
Aradel Holdings Plc, Nigeria’s first integrated indigenous energy Company which was formerly known as NDEP has announced its unaudited results for the half-year (H1) period ended June 30, 2023. The company’s revenue increased by 217.6per cent to N74.5 billion (H1…
…Insists on supplying only refiners who have fulfilled obligations The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has delivered 3,614,936 barrels of crude to three local refineries between September 2021 and May 2023. A statement issued by the management…
Nigeria has resumed the export of about 220,000 barrels of crude oil per day at the Forcados terminal. The terminal was shut for maintenance on July 12, 2023 after workers saw ‘fumes’ near a single buoy mooring where oil was…
The Nigerian Maritime Administration and Safety Agency (NIMASA) has dispatched a Search and Rescue and marine accident investigation officers to the scene of the incident involving the Majestic Rig belonging to Depthwize Nigeria Limited, which capsized at Ovhor in Warri, Delta State.…
The MD/CEO of Transcorp Power, Christopher Ezeafulukwe has assumed the leadership position at troubled utility, Abuja Electricity Distribution Company (AEDC). This followed the resignation of its former Managing Director, Adeoye Fadeyibi and this signifies Transcorp’s push at consolidation. Christopher Ezeafulukwe was…
