Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company has recorded 24 percent revenue loss to stand at $530.5 million or N190.9 billion as against $697.8 million or N214.2 billion in 2019 financial year. In a statements to…
President Muhammadu Buhari had directed the Ministry of Power to collaborate with the Egyptian government on the effective implementation of the Presidential Power Initiative, otherwise known, as the Siemens Project. This was disclosed by the Minister of Power, Engr. Sale…
Residents of Nsukka town in Nsukka Local Government Area of Enugu State have expressed worry over the recent hike in the price of cooking gas. Speaking in separate interviews with newsmen in Nsukka on Monday, the people said the continued…
…Cautions against hoarding, panic buying …As Marketers shut stations By Ogaga Ariemu, Akinyemi Kehinde and Adeboye Faizat Contrary to speculations of imminent increase in the price of Premium Motor Spirit (petrol) in the country, the Nigerian National Petroleum Corporation (NNPC)…
Rural Electricification Agency (REA), has inaugurated 1.35 Megawatt of Solar Hybrid Power project at the Federal University of Petroleum Resources (FUPRE), Effurun, Uvwie Local Government Area of Delta. The Deputy Senate President Ovie Omo-Agege at the ceremony on Friday said…
Bankole Taiwo, Abeokuta The Chief Executive Officer of SAF Petroleum, Aare Safiriyu Adebanjo Kazeem has appealed to the federal government to deploy resources towards building new refineries for the country maintaining that Nigerians will keep on paying more for the…
The Shell Petroleum Development Company (SPDC) says it has positioned itself to meet the daily domestic gas demand, projected to hit five billion standard cubic feet by 2022, by developing gas fields. The super-major energy firm also reiterated its support…
Seplat Petroleum Development Company Plc, leading indigenous energy company, has identified its fast-growing gas business as a strong catalyst for sustainable development in Nigeria. Mr. Roger Brown, Chief Executive Officer, SEPLAT, described this drive as a revolution, indicating that the…
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says arrangement is being made to enable the Dangote Refinery sell refined crude to Nigeria in naira when it commences production. Emefiele also disclosed that the first shipment of Urea…
The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday inaugurated 40 companies as part of its Project 100 Supplier Development Programme. The Board started Project 100 in January 2019 with 60 companies with the goal of nurturing 100 wholly…
