Oando Reports N60.3b Profit, N2.9tri Revenue In 2023

Oando Reports N60.3b Profit, N2.9tri Revenue In 2023

Oando Plc has reported a Profit After Tax (PAT) of N60.3 billion in its audited financials for the year ended December 31, 2023.City Business News online reports that within the period, the company recorded a 43 per cent increase in...
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Dangote Refinery: We Sell At N960/litre Into Ships, N990 For Trucks

Dangote Refinery: We Sell At N960/litre Into Ships, N990 For Trucks

Dangote Refinery, on Sunday disclosed that it is selling petrol at a reduced rate of N960 per liter for supply via ships and N990 per liter for supply via trucks.A statement issued by Group Chief Branding and Communications Officer, Anthony...
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ABC Transport Expands Haulage Capacity At Lafarge Cement, Rolls Out CNG Trucks

ABC Transport Expands Haulage Capacity At Lafarge Cement, Rolls Out CNG Trucks

ABC Haulage, the heavy-duty trucking division of ABC Transport Plc, has expanded itscapacity at Lafarge Africa’s cement factory. City Business News reports that this strategic move includes the introductionof a fleet of Compressed Natural Gas (CNG) powered t...
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NCDMB To Unveil New Contract Cycle Guidelines For Oil, Gas Industry

NCDMB To Unveil New Contract Cycle Guidelines For Oil, Gas Industry

The Nigerian Content Development and Monitoring Board (NCDMB) is gearing up to launch new Contracting Cycle Guidelines for the oil and gas industry in compliance with the Presidential Directives on Local Content announced by President Bola Ahmed Tinubu in Marc...
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NLNG Appoints Sofia Horsfall As New External Relations Manager

NLNG Appoints Sofia Horsfall As New External Relations Manager

Photo Caption:L -R: Sofia Horsfall, Andy Odeh, and Anne-Marie Palmer-Ikuku The Nigeria Liquefied Natural Gas (NLNG) has appointed Sofia Horsfall as the new General Manager, External Relations with effect from November 1, 2024.Sophia will take over from Andy Od...
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NCDMB To Support R&D As Triple Helix Nigeria Unveils Vision

NCDMB To Support R&D As Triple Helix Nigeria Unveils Vision

The Nigerian Content Development and Monitoring Board (NCDMB) has signaled plans to support new research and development projects as part of its Technology Innovation and Incubation Strategy and the enduring commitment to catalyze innovation in the Nigerian oi...
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NCDMB, Shell JV Partners Donate Engineering Studio, ICT Hub To FUTO

NCDMB, Shell JV Partners Donate Engineering Studio, ICT Hub To FUTO

The Nigerian Content Development and Monitoring Board (NCDMB) and Shell Petroleum Development Company (SPDC), with its joint venture (JV) partners, on Thursday unveiled world-class engineering design studios and an information and communication technology (ICT...
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NNPC Reacts To Helicopter Crash

NNPC Reacts To Helicopter Crash

The Nigerian National Petroleum Corporation Limited(NNPCL) has confirmed that it hired the helicopter that crashed into the river in Rivers State on Thursday.NNPCL in a statement issued by its Chief Corporate Communications Officer, Olufemi Soneye, on Thursday...
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Dangote Refinery: Case Against NNPCL, Rano, Matrix, Others Overtaken By Events

Dangote Refinery: Case Against NNPCL, Rano, Matrix, Others Overtaken By Events

The management of Dangote Petroleum Refinery and Petrochemicals FZE has reacted to the reported case it instituted against the Nigerian National Petroleum Corporation Limited and others seeking the nullification of their import licences. The company spoke in a...
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NNPC Retail Sensitizes 1,000 Auto Mechanics On CNG Adoption, Oleum Lubricant Range

NNPC Retail Sensitizes 1,000 Auto Mechanics On CNG Adoption, Oleum Lubricant Range

As part of its efforts to accelerate the adoption of Compressed Natural Gas (CNG) as a cleaner and more affordable fuel alternative in Nigeria, NNPC Retail Limited (NRL), a subsidiary of the NNPC Ltd, has sensitized over 1,000 auto mechanics...
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CNG: FG Lists Approved Conversation Workshops

CNG: FG Lists Approved Conversation Workshops

The National Automotive Design and Development Council (NADDC) has emphasized the need to obtain standard Compressed Natural Gas (CNG) Conversion from NADDC accredited Vehicle Conversion Workshops across the country.A notice issued by NADDC and obtained by Cit...
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CNG: FG Unveils N10b Credit Scheme For Vehicle Conversions

CNG: FG Unveils N10b Credit Scheme For Vehicle Conversions

The Federal Government through the Ministry of Finance Incorporated (MOFI) has partnered key stakeholders to introduce the Credit Access for Light and Mobility (CALM) Fund, a N10 billion credit initiative to support Nigerians in converting their vehicles to ...
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Seplat CFO: ESG, Regulatory Frameworks Driving Energy Investments In Africa

Seplat CFO: ESG, Regulatory Frameworks Driving Energy Investments In Africa

Environment, Social and Governance (ESG) standards and regulatory frameworks in African countries significantly shape oil and gas investments in the continent, as they influence costs, compliance requirements, and project risk profiles.The Chief Financial Offi...
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FPSO To Increase Oil Production By 40,000 bpd

FPSO To Increase Oil Production By 40,000 bpd

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri has commended the progress of work on the Floating Production Storage and Offloading (FPSO) facility in Lagos, a joint venture between NNPC Limited and Century Nigeria Limited, in partners...
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