Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday, said the stories of President Muhammadu Buhari; President-elect, Asiwaju Bola Tinubu; and Chairman of Dangote Group, Alhaji Aliko Dangote are a testament that prosperity can be achieved when  leaders have shared vision for the people they are leading. Sanwo-Olu shared three different stories on how President Buhari, Tinubu and Dangote are connected …

Opportunities worth $50 billion were showcased at the 2023 Nigerian Oil and Gas Opportunity Fair which was held at the weekend in Yenagoa, Bayelsa State This was disclosed by the Nigerian Content Development and Monitoring Board (NCDMB) at the two-day fair which drew 1,086 registered participants. The Executive Secretary of NCDMB, Simbi Wabote, said international and indigenous companies participated in …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has thrown its doors open to potential investors who wish to collaborate in building partnerships and unlocking the full potential of Nigeria’s upstream petroleum sector. The commission said it is leveraging the Petroleum Industry Act (PIA), 2021 which has enhanced the business landscape in Nigeria’s petroleum industry, providing a more transparent, …

As the Dangote Refinery begins operations next week, the supply of 300,000 barrels of crude oil per day by the Nigerian National Petroleum Company Limited to the facility is going to commence, the Group Chief Executive Officer of NNPCL, Mallam Mele Kyari, announced on Thursday. Kyari, who disclosed this at the ongoing fourth Nigerian Oil and Gas Opportunity Fair in …

The Defence Headquarters has said that troops of Operation Delta Safe (OPDS) have destroyed 38 illegal refining sites and apprehended 29 suspected oil thieves in the last 2 weeks. The Director of Defence Media Operation, Major General Musa Danmadami said this on Thursday in Abuja at the bi-weekly news conference on the operations of the armed forces. Danmadami said the …

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called on industry operators, particularly large consumers of petroleum products, to consider moving from the use of diesel to gas in line with the Federal Government’s designation of gas as Nigeria’s transition fuel after the Petroleum Motor Spirit. NMDPRA’s Chief Executive, Farouk Ahmed made the call at a one-day Stakeholders …

Tantita Security Services Nigeria Limited, a private security outfit engaged by the Nigerian National Petroleum Company Limited (NNPC Limited) has intercepted an illegal Crude Oil Barge and arrested six suspected crude thieves in Warri, Delta State. The NNPC Limited’s security contractor and the Nigerian security operatives on Saturday also set ablaze the 1,000 metric tonnes capacity barge used in conveying …

Angola has overtaken Nigeria to emerge top African crude oil producer for the month of April 2023. This is according to direct communication data in the April 2023 monthly oil market report from the Organisation of Petroleum Exporting Countries (OPEC). In the report, Angola recorded 1.06 million barrels per day of crude production in April 2023. Meanwhile, Nigeria recorded 999,000 …

The Chairman of Seplat Energy, Mr. Basil Omiyi has announced that the company’s total revenue rose by 29.8 per cent to $951.8 million as at the financial year ended 31st December 2022. At the company’s 10th Annual General Meeting (AGM) held virtually on Wednesday with shareholders, regulators, company directors, and the media, Omoyi said that the profit before tax rose by …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has developed an industry intelligent digital automated platform for reporting and monitoring the Host Community Development Trust (HCDT). This, the commission said, is for transparent administration of the host communities’ provisions of the Petroleum Industry Act (PIA) 2021. According to its Chief Executive, Engr. Gbenga Komolafe, NUPRC developed the platform in partnership with …