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The oil giant, whose operation was grounded by the Securities and Exchange Commission (SEC) when it laid siege to its head office with the police, weathered the storm and recorded a six per cent increase in revenue of N315.4 billion, from N297.3 billion, in comparative period of 2018.
The year 2019 continues to favor Oando PLC, Nigeria’s leading indigenous energy solutions provider. At the end of March the company published its FYE 2018 results with the announcement of a third consecutive year of profits. The company continues to wax strong posting results for the first quarter of 2019 (Q1
Trade unions and civil society groups on Tuesday mounted pressure on members of the Plateau State House of Assembly to expunge privatisation clauses from a bill on the water sector.
The Nigerian National Petroleum Corporation (NNPC) says that the national average daily crude oil production stood at about 2.019 million barrels in 2018.
Zainab Ahmed, Minister of Finance, said on Thursday that the Federal Government will be releasing new revenue initiatives which will include a new set of taxes and excise duties.
The Nigerian National Petroleum Corporation (NNPC) has revealed that it lost over $800 million revenue to all the stakeholders owing to breaches of contracts of its old regime.
As tongues wag over the award of oil infrastructure surveillance contract to an indigenous firm, Ocean Marine Solutions for the protection of the strategic 87-kilometre Trans Forcados Pipeline (TFP), the management of the Nigerian National Petroleum Corporation (NNPC) on Tuesday said breaches from the earlier contract cost the Corporation a whopping $800 million.
The Farmers Day initiative, which has recorded many successes;at the start took a lot of convincing to get the farmers acceptance of the project. Communities had hitherto blamed oil exploration activities for their poor harvest which in truth was as a result of poor farming techniques and seedlings.
The Shell Petroleum Development Company of Nigeria Limited (SPDC) says out of the over N41billion disbursed for community projects in Niger Delta, about N15billion went to Rivers State under the Global Memorandum of Understanding.
The Nigerian National Petroleum Corporation (NNPC) on Wednesday, released its August 2018 operational report, disclosing that crude oil and gas export sale was $470million, indicating a growth of about $78million in relation to July oil and gas export figures of $391.91million.
The Nigerian National Petroleum Corporation (NNPC) has said that crude oil and gas export sale by the corporation in August 2018 was $470million, indicating an upsurge of about $78million in relation to July oil and gas export figures of $391.91million.
Neconde Energy Limited and its Joint Venture Partner – the National Petroleum Development Company (NPDC) in Oil Mining Lease (OML) 42 have commenced production and delivery of gas to the domestic market through the Nigeria Gas Marketing Company.
Speaking on the company’s financials, Adewale Tinubu said; “Today’s positive result is further evidence of the progress made by Oando in 2018 driven by our continued focus on execution and operational efficiency, supported by buoyant commodity prices.”
Nigeria U17 World Cup-winning defender Lukman Zakari joined La Liga side Real Betis from FS Metta of Latvia on a three-year deal.
The National Hajj Commission of Nigeria (NAHCON) has so far transported 2,737 people back to Nigeria out of some 45,450 Nigerians, who performed hajj in Saudi Arabia this year.
The Indigenous People of Biafra (IPOB) in Germany has vowed to continue attacking and harassing prominent Igbo leaders to demonstrate their anger over age long betrayal of Ndigbo by some greedy leaders.
The National Bureau of Statistics (NBS), says the average price for the refilling of a five kilogramme (kg) cylinder Cooking Gas increased to N2,024.80 in July from N1,995.38 in June.
Lionel Messi cannot be considered the greatest of all time as an Argentine without a World Cup win to his name, says former Real Madrid and Spain coach Jose Antonio Camacho.
Following what has been described as ‘lack of breakthrough’ in the impasse that ensued in his treatment in New Delhi, India, the leader of Islamic Movement of Nigeria, IMN, Sheikh Ibraheem Zakzaky, is on his way back to Abuja, Nigeria.
The National Information Technology Development Agency (NITDA) has warned interest groups in the ICT sector not to set government agencies regulating them on collision course.
Valencia general director Mateu Alemany has revealed Atletico Madrid’s offer for Rodrigo is “no longer on the table” ahead of the new La Liga campaign.
Fast rising Super Eagles winger Samuel Chukwueze will look to start the new LaLiga season on a promising note when Villarreal host Ramon Azeez’s Granada today (Saturday) at the Estadio de la Ceramica.
The United States of America has sought the support of the Akwa Ibom State Government to fight HIV/AIDs and other diseases in the next one year.