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CBN appoints 9 Pre-Shipment Inspection, 2 Monitoring Agents for oil, gas exports
May 14, 2024ConcessionDocumentaryMaritimeMidstreamNewsOil & GasUpstream

CBN appoints 9 Pre-Shipment Inspection, 2 Monitoring Agents for oil, gas exports

Oredola Adeola   The Central Bank of Nigeria (CBN) has confirmed the Federal Government’s appointment of Nine (9) Pre-Shipment Inspection Agents (PIAs) effective from May 13, 2024, as part of the move to streamline and monitor oil and gas exports.…

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President Tinubu mandates procurement of CNG-Powered vehicles by  MDAs
May 14, 2024DownstreamGasLocal ContentMidstreamNewsOil & GasUpstream

President Tinubu mandates procurement of CNG-Powered vehicles by  MDAs

… “We must lead the way to prosperity by example”- Tinubu to public officials   Oredola Adeola President Bola Tinubu has directed the mandatory procurement of Compressed Natural Gas (CNG)-powered vehicles by all Government Ministries, Departments, and Agencies (MDAs) as parts…

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11 Plc declares N26.56bn profits in FY 2023
May 13, 2024DownstreamMidstreamNewsOil & Gas

11 Plc declares N26.56bn profits in FY 2023

… announces N3bn dividend payout  “Our 250 filling stations shine as downstream industry benchmark for service, ethical standards” – Oyebanji, MD/CEO said Oredola Adeola 11 Plc (formerly Mobil Oil Nigeria Plc) has announced a profit after tax of N26.56 billion…

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NNPC E&P Ltd, NOSL revive oil production in Akwa Ibom’s OML 13 after 29-year hiatus
May 13, 2024NewsOil & GasUpstream

NNPC E&P Ltd, NOSL revive oil production in Akwa Ibom’s OML 13 after 29-year hiatus

…hit first oil, extract 6,000 bpd, target 40,000 bpd output by May 24 Oredola Adeola Production activities have recommenced on the Oil Mining Lease (OML) 13, in the Eastern Obolo Local Government Area, Akwa Ibom State, Nigeria, after a long dormancy…

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NNPC/First E&P JV donates N53.4m to Nigerian NGOs for healthcare, education, others
May 11, 2024DocumentaryImpactNewsOil & GasUpstream

NNPC/First E&P JV donates N53.4m to Nigerian NGOs for healthcare, education, others

Oredola Adeola   The Nigerian National Petroleum Company Limited (NNPC Ltd.) and First Exploration & Production Limited (First E&P) Joint Venture (JV) have donated N53 million to non-governmental organizations (NGOs).   Advisors Reports confirmed that the fund is specifically designated…

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Nigerian musicians rake in N25bn from spotify streams in 2023
May 10, 2024DocumentaryFeatureNewsReview

Nigerian musicians rake in N25bn from spotify streams in 2023

  … streaming royalties soar by 127% year-over-year   Oredola Adeola   This surge in earnings represents a 2,500% rise since 2017, showcasing the substantial growth in revenue for artists from the platform.   It is noteworthy that Spotify is…

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Nasarawa lithium factory offers Nigeria chance to master processing skills – President Tinubu
May 10, 2024ConcessionEnergy TransitionExtractive IndustryMiningMining & Solid MineralNews

Nasarawa lithium factory offers Nigeria chance to master processing skills – President Tinubu

  Oredola Adeola   President Bola Ahmed Tinubu has revealed that the take-off of a Lithium processing factory built in Nasarawa State by a Chinese firm offers Nigeria the opportunities to learn how it is done, to own and hone…

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Power outage hits Ile-Ife, Ikire, Ilesha, Ondo for 7 hours on Friday
May 10, 2024DistributionNewsPowerTransmission

Power outage hits Ile-Ife, Ikire, Ilesha, Ondo for 7 hours on Friday

  …as TCN fixes circuit breaker   Oredola Adeola   Residents of Ile-Ife, Ikire, Ilesha, and some parts of Ondo State are expected to experience a seven-hour power outage on Friday, May 10, 2024, as the Transmission Company of Nigeria…

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EKEDC to reopen metering portal, mandates MAP vendors to stock minimum of 2,000 prepaid meters
May 10, 2024DistributionNewsPower

EKEDC to reopen metering portal, mandates MAP vendors to stock minimum of 2,000 prepaid meters

  .. sets to clear prepaid meter backlog, approve 4G-enabled meters for all customers …partners with 81 Division, Police to protect electricity infrastructure in V/I   Oredola Adeola   Ahead of the plan to re-launch its prepaid meter portal within…

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NUPRC, Senate Committee strengthen ties with Chevron to boost investment in Nigeria oil, gas sector
May 9, 2024GasLocal ContentMidstreamNewsOil & GasUpstream

NUPRC, Senate Committee strengthen ties with Chevron to boost investment in Nigeria oil, gas sector

… Chevron cites favorable gas pricing as key to boosting polypropylene production in Nigeria Oredola Adeola The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Senate Committee on Upstream visited Chevron’s Control Facilities to foster collaboration and strengthen ties within…

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