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President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

Mele Kyari replaces Maikanti Baru as NNPC chief

President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

Federal government exceeds oil budget target

Nigeria’s crude oil and condensates production has risen to 2.323 million barrels per day (bpd), exceeding the 2019 budget benchmark of 2.3 million bpd.
A former governor of Abia State, Dr Orji Uzor Kalu, has explained that he visited President Nicolas Maduro of Venezuela as part of his objectives to promote world peace.

Senator Kalu: Why I’m passionate about peace in Venezuela

The senator representing Abia North in the Senate, Dr Orji Uzor Kalu, has said his interest in the peace process in the Bolivarian Republic of Venezuela was borne out of the need to come to the aid of the suffering masses of the country.
National Bureau of Statistics NBS

NBS: E-payments hit N34.02 trillion in Q1, 2019

A total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter, 2019, Nigeria’s statistics bureau has said.
President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Francis Olabode Johnson, has passes on.

Petroleum ministry mourns Francis Johnson

The Ministry of Petroleum Resources has expressed deep sympathy with the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on the demise of its president, Mr Francis Olabode Johnson.

Singapore premier hails President Buhari on inauguration for second term

The Prime Minister of Singapore, Lee Hsien Loong, congratulated President Muhammadu Buhari on his inauguration for a second term in office.
The Deputy Vice Chancellor (DVC) of the Federal University of Petroleum Resources (FUPRE), Akpofure Rim-Rukeh’s inaugural lecture holds on May 28, 2019, in Ugbromo, Effurun, Uvwie Local Government Area of Delta State.

FUPRE’s inaugural lecture holds May 28

The Deputy Vice Chancellor (DVC) of the Federal University of Petroleum Resources (FUPRE), Akpofure Rim-Rukeh’s inaugural lecture holds on May 28, 2019, in Ugbromo, Effurun, Uvwie Local Government Area of Delta State.
Power

Century PowerWhy Nigeria is still in darkness

Nigeria is still in darkness because of infrastructural deficit and the huge debt owed power generation companies (GenCos) by power distribution companies (DisCos), Century Power Generation Company Limited Chief Executive Officer, Dr Chukwueloka Umeh, said at the weekend.
The Representative of the GMD NNPC, Mallam Bello Rabiu and the Director China Petroleum Corporation, Beijing, China, Bin Zhang, at the 2019 OTC in Houston.

Nigeria generates over $180 billion revenue from deepwater operations

Nigeria’s deepwater operations have generated revenue exceeding $180billion following industry players’ capital investment in excess of $65billion with the potentials for growth amidst untapped abundant opportunities in the sector.

Justice Tanko, Ibe Kachikwu canvass training for judiciary on oil, gas sector

Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, and Justice Ibrahim Muhammad, the Acting Chief Justice of Nigeria (CJN), on Monday advocated constant training of judicial officers on oil and gas matters for effective adjudication and development of the sector.

Oando steadily wins shareholder confidence, posts N4.6 billion profits in Q1 2019

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

NNPC chief urges academia, industries to shun receiver, donor mentality

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called on the academic community and industrial sector in Nigeria to embrace a new approach to sustainable industrial growth by ridding themselves of the mentality of being perpetual receiver or giver of research grants and donations.
The Buhari Media Organisation (BMO) has challenged the Peoples Democratic Party (PDP) to disprove Vice President Yemi Osibanjo’s clarification of the country’s past and present debt profile.

VP Osinbajo: Federal government restates commitment to Niger Delta development

Vice President, Prof. Yemi Osibanjo, has revealed the commitment of the federal government to build a Niger Delta that is not defined by oil and gas, but other human capital resources.

Solid minerals as revenue earner?

For so many years, following the lead of the resources that came into the national treasury from oil and gas, the mining of solid minerals has been touted as the next big source of revenue. The memories of solid minerals exploitation, including tin and coal, before the discovery of oil provided some nostalgia about bringing back old revenue sources to life.

NCDMB: Shell leads IOCs in local content

The Nigerian Content Development and Monitoring Board (NCDMB) on Sunday recognized Shell as the most impactful International Oil Corporation (IOC) on Local Content Initiatives in the Nigerian Oil and Gas industry.
niger delta jtf oil bunkering

Military destroys major militant camps in Niger Delta

The Joint Military Task Force (JTF) code-named “Operation Delta Safe” says it has destroyed and dislodged major militant camps in the Niger Delta, thereby boosting security in the region.

Federal government committee to harmonise oil, gas revenue

The Federal Government has set up a committee to harmonise oil and gas revenue and production data of government earnings from all sectors of the economy.

Central bank applauds Ecobank’s sustainability efforts

The Central Bank of Nigeria has recognized and awarded Ecobank Nigeria on its laudable sustainability and Corporate Social Responsibility initiatives.

Recent Stories

NDLEA arraigns businessman for allegedly peddling cocaine

The National Drug Law Enforcement Agency (NDLEA) on Thursday arraigned a businessman, Adewale Ibrahim, in a Federal High Court in Lagos for allegedly trafficking 840 grammes of cocaine.
Muhammad Mustapha Abdallah, NDLEA Chairman- says abuse of Tramadol, codeine based cough syrup still high among Nigerian youth

NDLEA takes drug abuse campaign to streets, markets, schools

The National Drug Law Enforcement Agency (NDLEA) says it has taken campaign to schools, streets and markets in the country, to educate the people on the dangers of consuming illegal drugs and drug trafficking.
A hip-hop artiste, Anthony Ugodu, a.k.a “Tony Fresh’’ has advised his colleagues to invest on things that would benefit them in future, by doing away with fake lifestyle.

Musician advises colleagues to avoid fake lifestyle

A hip-hop artiste, Anthony Ugodu, a.k.a “Tony Fresh’’ has advised his colleagues to invest on things that would benefit them in future, by doing away with fake lifestyle.
Lagos State Governor Babajide Sanwo-Olu has announced the appointment of six new Permanent Secretaries in the States Civil Service.

Governor Sanwo-Olu appoints Oluwafemi Oke-Osanyintolu as LASEMA GM

Governor Babajide Sanwo-Olu of Lagos State has appointed Dr Oluwafemi Oke-Osanyintolu as the General Manager of the State Emergency Management Agency (LASEMA).
Neymar has hinted that his future lies in Ligue 1 with Paris Saint-Germain, despite speculation regarding a move to Real Madrid continuing to bubble away in the background.

Filipe Luis: Neymar to Barcelona would be a bombshell

Neymar returning to Barcelona would be a “major bombshell”, says Filipe Luis, with speculation suggesting that the Camp Nou giants have Brazilian flair in their sights.