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Dame Winifred Akpani: The Amazon of oil, gas, and banking industries

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It is no news that the male dominated oil and gas sector is not for the lily-livered. It takes guts, skills and capacity to even attempt an entry.

However, Dame Winifred Akpani, has not just just made an attempt but cemented her place in the industry as a leader.

She leads Northwest Petroleum & Gas Company which operates majorly in the downstream sector and owns fueling stations nationwide.

Over the years Northwest Petroleum & Gas Company Limited has grown to be a solid brand with international repute, and it has taken almost three decades of hard work and resilience to bring the brand where it is.

After bagging a Bachelor of Science degree in Mathematics from the University of Benin, Benin City, Winifred Akpani went on to do a postgraduate diploma in Computer Science at the University of Lagos.

When she was to start her career, however, she decided she wanted to become an accountant.

She started as a Trainee Accountant in an audit firm – Oni Lasebikan and Co (now Ernst and Young) in 1987.

She moved on to Arthur Anderson & Co (now KPMG Professional Services), and this was where she qualified as a Chartered Accountant in 1990. By the time she left the firm in 1992, she had already attained the position of Audit Senior.

She then joined Flame Petroleum & Gas Company Limited, a start-up oil marketing company, as a Financial Controller in 1992.

Within the next five years, she rose through the ranks to become an Executive Director in 1997 – a good position by any standards.

If she had decided to take that route to the end, there is little doubt that she would still have earned a reputation for herself in the corporate space.

However, in 1998, Winifred Akpani left to go explore the wild waters of entrepreneurship.

Founding Northwest Petroleum

In 1998, Akpani founded the Northwest Petroleum & Gas Company Limited. This new company would become a test of her enterprise, business acumen and other skills she had acquired over the years.

With a startup capital of only N200,000, Northwest Petroleum started a business. The company carried out diesel supplies in 200-litre drums to homes, guest houses, banks and corporate organisations.

Two and half decades later, the company now handles international oil trading and services deals worth millions of dollars and has multiple investments in midstream and upstream sectors of the Nigerian oil and gas industry.

Northwest Petroleum & Gas Company Ltd. owns over a 100 million litre storage capacity in Nigeria.

Northwest Petroleum operates two ultra-modern mega Petroleum Products Storage Terminals with a combined capacity of 96.8 million litres certified and licensed by the Department of Petroleum Resources, DPR, and an Ultra-Modern Berthing Facility with International State-of-the-Art Fire Fighting and Safety Equipment, adjudged one of the best in Nigeria and sited in the Calabar Free Trade Zone, Cross River State.

Northwest Petroleum & Gas Company Limited also owns and operates several unique 24-and 26-nozzle Ultra-Modern Mega Filling stations across the country.

Now possessing vast experience in the importation, supply, distribution and storage of Petroleum Products, Northwest Petroleum is approved by the NNPC for the allocation and export of Nigerian Crude Oil and is actively involved in the official export.

Akpani is still directly involved and ensures quality assurance and control in all projects.

She is also responsible for formulating and developing organizational strategic business plans and policies, as well as guiding the Company’s affairs.

Akpani has other business interests across the energy, oil and gas sectors.

She is a Director of Millennium Oil and Gas Company Limited, the operator of Oza Marginal Field and Northwest Energy Nigeria Limited, a company in the exploration and production sector.

She equally has substantial interests in the banking industry and is also a Director of Fleet Travels and Tours Nigeria Limited, a first-class travel agency.

Mrs Winifred Akpani serves as a non-executive director at GDL, a company leading diversified financial institutions, creating wealth and transforming society, providing unique financial solutions to strengthen and expand the middle class in terms of savings, investment, financial access, infrastructure, housing, employment and others.

Winifred Akpani is a fellow of both the Institute of Chartered Accountants of Nigeria (FCA) and an Associate Member of the Institute of Directors (100).

She has taken several courses, locally and internationally across Finance, Oil & Gas, Corporate Governance and Banking.

In 2019, Winifred Akpani was elected as the Chairman, Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), an organisation that unites members to advise, encourage and support the government to churn out policies that promote the economic well-being of the nation in general and the downstream petroleum sector in particular.

She is also very involved in humanitarian work and charity donations. And In 2009, Pope Benedict XVI awarded her The Pro Ecclesia et Pontifice medal or Cross of Honour, the highest award of the Catholic Church established by Pope Leo XIII in1888 for distinguished service to the church and humanity

For her strides in entrepreneurship in the oil and gas sector, Dame Winifred Akpani is NewsDirect’s Thriving Woman of the Week.

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Shettima departs for 2024 US-Africa Business Summit in Dallas

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Vice-President Kashim Shettima is expected to depart Abuja for Dallas, United States of America, to represent President Bola Tinubu at the 2024 US-Africa Business Summit.

The summit is organised by the Corporate Council on Africa.

Mr Stanley Nkwocha, the Senior Special Assistant to the President on Media and Communications, Office of The Vice-President, said this in a statement on Sunday in Abuja.

Nkwocha said Shettima would join other political and business leaders across Africa, the USA and beyond for the summit.

According to him, the summit will feature high-level dialogues, networking business sessions and the plenary, all scheduled for the Kay Bailey Hutchison Convention Center in Dallas, Texas.

He said that the African leaders expected at the summit include, the President, Republic of Liberia; Joseph Boakai, President, Republic of Malawi; Lazarus Chakwera and the President, Republic of Angola, Joao Lourenço.

Nkwocha said other African leaders that would grace the summit are the President, Republic of Botswana, Mokgweetsi E. K. Masisi, President, Republic of Cabo Verde, José Maria Neves, and the Deputy Prime Minister, Kingdom of Lesotho, Nthomeng Majara.

He said besides the summit’s plenary, Shettima would speak at the Roundtable on African Infrastructure Investment with a focus on impact and returns.

” He (Shettima) is also scheduled to speak on a high-level panel on agribusiness, focusing on transiting “from food insecurity to thriving agribusinesses.

” Additionally, the Vice-President will speak at a plenary session on Navigating Africa’s Energy Future as well as chair a session dedicated to promoting the ‘invest in Nigeria’ initiative.

” He is also expected to attend other meetings and engagements on the sideline of the summit.”

Nkwocha said that Vice-President Shettima is expected back in the country at the end of his engagements in the US.

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Israeli to close Al Jazeera’s operations in the country – PM Netanyahu

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Prime Minister Benjamin Netanyahu said his Cabinet has unanimously voted to close broadcaster Al Jazeera’s operations in Israel.

The move came after Israeli lawmakers recently approved a new media law widely referred to as the “Al Jazeera law” that gives the government powers to ban foreign broadcasters if they are deemed a risk to state security.

Netanyahu announced the Cabinet decision in a post on X, formerly Twitter, in which he called Al Jazeera “the hate channel.”

Israeli Communications Minister Shlomo Karhi said on Sunday that he had signed the closure order and that it would be implemented immediately.

According to Israeli reports, this means that offices in Israel could be closed, broadcasting equipment confiscated, the station removed from cable and satellite television channels and its website blocked.

The Israeli government had accused Al Jazeera, which is based in the Gulf emirate of Qatar and has a wide reach in the Arab world, of biased reporting on the ongoing war against Hamas militants in the Gaza Strip.

Al Jazeera has reported extensively on the catastrophic situation in the Palestinian territory and shown images of death and destruction that are rarely seen on Israeli television stations.

The channel also regularly shows videos of attacks on Israeli soldiers by Hamas’ military arm, the Qassam Brigades.

The channel has rejected allegations of bias and, in the past, accused Netanyahu of spreading “new lies and inflammatory slanders” against the network.

Al Jazeera has also accused the Israeli military of deliberately targeting journalists on several occasions.

Netanyahu has accused Al Jazeera of “damaging Israel’s security, actively participating in the massacre on October 7 and inciting against Israeli soldiers.”

Al-Jazeera was founded in 1996 and is headquartered in Doha. It was one of the first Arab TV stations to publish critical reports on the region and quickly gained popularity.

The Israeli government’s efforts to ban Al Jazeera have drawn criticism from some of the country’s most prominent allies, including the United States and Germany.

The U.S. State Department expressed irritation of the decision and reiterated support for the free press all over the world.

A German Foreign Office spokesman also criticised the so-called Al Jazeera law last month: “A free and diverse press landscape is the cornerstone of a liberal democracy.”

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OTC 2024: PETAN leads stakeholders on sustainable energy solutions for Africa’s future

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The Petroleum Technology Association of Nigeria (PETAN) has led delegates to the 2024 Offshore Technology Conference (OTC) in Houston, Texas U.S. to discuss sustainable energy solutions for Africa’s future.

Mr Kevin Nwanze, Executive Secretary, PETAN, disclosed this in a statement on Sunday in Lagos.

Nwanze said that PETAN’s Nigerian pavilion at OTC 2024 would be hosted under the theme, “Sustainable Energy Solutions for Africa’s Future”.

He said that the conference would have more than 200 hours of multidisciplinary discussions and networking events, including a wide range of topics, suited for every participant.

PETAN scribe, however, called for stakeholders’ participation at the 2024 OTC, holding between May 6 and May 9 at the NRG Park, Houston, Texas, US.

According to him, PETAN has been responsible for hosting stakeholders at the OTC for many years.

“The association is calling on government agencies, stakeholders, oil and gas companies, and Nigerian investors to participate at the Nigerian pavilion at the prestigious event in Houston, U.S.

“Participation in the Nigerian pavilion shall deliver a unique opportunity for exhibitors and delegates to interact with global professionals

“As they share their insights on technological advances, energy transition, safety, environmentally focused solutions, and economic and regulatory impacts of the offshore energy sector,” he aded.

Nwanze said: “It allows organisations to engage with world leaders, CEOs, and government officials from around the world, with the chance to create and develop business relationships.

“And also tap into emerging regions vital to offshore development and obtaining recognition necessary for growth and visibility to thousands across the globe.

“Showcase your company’s capabilities to over 1,000 delegates and over 250 companies in the industry.

“Promote products and services to operators and contractors in the local region.

“Gain access to the latest industry news and access to networking opportunities with professional contacts from across the world.

“Network with the upstream, midstream, and downstream organisations and high-profile government officials and key decision-makers in the industry.

“Build and establish new leads as well as entrench a global presence in the industry.

“Get familiar with competitors’ capabilities to stay ahead in the industry,” the statement read.

The OTC 2024 expects over 31,000 energy professionals as attendees, 45 technical sessions, 450 presentations and over 1,300 exhibitors drawn from different countries, including Nigeria.

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