Yemisi Izuora The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd), Engr. Bashir Bayo Ojulari, said Nigeria is sustaining fiscal reforms to address structural constraints: pipeline sabotage, insecurity in the Niger Delta to upscale oil production and ultimately meet its obligations as well as achieve its quota from the Organization of Petroleum Exporting Countries (OPEC). The reforms will also reverse a lack of investment in maintenance and modernization of facilities, as well as governance issues between public and private actors and local communities. Industry experts as well as the NNPCL, have estimated that…
Author: Orientalnews Staff
Yemisi Izuora The new Chief Executive Officer of Falcon Corporation Limited, Audrey Joe-Ezigbo, has unveiled a strategic growth agenda to scale the company’s role in Nigeria’s gas economy and position it for leadership in Africa’s energy transition. Her agenda comes at a pivotal moment for Nigeria’s energy sector, as the country intensifies efforts to deepen domestic gas utilisation, reduce reliance on more carbon-intensive fuels, and close critical infrastructure gaps that continue to constrain industrial growth and energy access. Mrs. Joe-Ezigbo said Falcon will accelerate investments across the gas value chain, focusing on expanding infrastructure, strengthening partnerships, and delivering efficient,…
Uche Cecil Izuora China is sustainably building the world’s largest stockpile of crude oil in March even as the rest of the world started to draw on inventories to compensate for the loss of millions of barrels from the effective closure of the Strait of Hormuz. China, the world’s biggest crude importer, had surplus oil of 1.74 million barrels per day (bpd) in March, according to calculations based on official data. For the first quarter China’s excess crude was 1.41 million bpd, down from the record high of 2.67 million bpd in December but up from the average of…
Yemisi Izuora Oil major, TotalEnergies is expecting to announce a robust first quarter earnings banking on improved Liquified Natural Gas (LNG), and trading volume amid market volatility. Higher oil and gas prices and volatile energy commodity markets are set to more than offset production losses from the Middle East at French supermajor TotalEnergies, which expects significantly higher upstream and LNG trading profits. In the early days of the war, TotalEnergies warned that the conflict had effectively shut 15 per cent of its global oil and gas output, while the now-offline barrels account for about 10 per cent of the…
Uche Cecil Izuora Crude oil supply market is likely going to remain weak and volatile due to failure of shipowners and charterers to agree on who should take on the risk of crossing the Strait of Hormuz, meaning relatively few vessel bookings are occurring. This means that, seven weeks into Middle East conflict, shipping goods through the world’s most important energy chokepoint remains intolerably risky for most operators. At least two oil companies with barrels available inside the Persian Gulf have sought to charter tankers in recent days, insisting that the shipowners should guarantee they will load on time,…
Yemisi Izuora Building on its track record of community-focused projects, including the renovation of Government Day Secondary School in Akamkpa, Cross River State, Stanbic IBTC Pension Managers has completed a significant renovation of the Federal Neuropsychiatric Hospital, Enugu; reinforcing its commitment to impactful interventions across health and education in Nigeria. The renovation has revitalised both the hospital’s external and internal spaces; transforming it into a safer, more comfortable and welcoming environment for patients, healthcare workers, and visitors. The hospital’s outdoor areas have been landscaped with greenery, while a covered canopy has been installed to create a more befitting sit-out…
Professor Nnanyelugo Ike-Muonso, Director General/Chief Executive of Raw Materials Research and Development Council (RMRDC), is to deliver the 10th edition of The Bullion Lecture. The theme of the lecture which is scheduled for 10am on Thursday, April 23, 2026 at The Civic Centre, Victoria Island, Lagos, is From Resources to Prosperity: How Raw Materials Development, Value Addition and Innovation Can Catalyse Nigeria’s Industrial Renaissance. Ike-Muonso is a distinguished Natural Resource Economist and Academic Leader with over 30 years of expertise in raw material market dynamics, supply chain economics, and research commercialisation. As the Director General of RMRDC, he sits…
Yemisi Izuora The Standards Organisation of Nigeria (SON), has stepped up efforts to further improve and advance the country’s energy efficiency. To achieve this the Agency in collaboration with the Sustainable Research and Action for Environmental Development (SRADeV) on Wednesday, April 15, 2026, held an inception/validation workshop on Minimum Energy Performance Standards for electric motors. The workshop, held in Lagos, had the support of CLASP. Speaking at the event, the Director-General, SON, Dr Ifeanyi Okeke, reaffirmed the agency’s commitment to advancing energy efficiency through new standards for electric motors in Nigeria. Represented by the Head, Standards Department of SON,…
Uche Cecil Izuora The Nigerian Institute of Public Relations (NIPR) has named Her Excellency, Ambassador Dr. Brylyne Chitsunge, Pan‑African Parliament Ambassador for Food Security and Chief Executive Officer of Elpasso Farms, South Africa, as the Keynote Speaker for the Nigeria Public Relations Week (NPRW) Croc City 2026. The seven‑day conference will hold in Kaduna from 19th to 25th April 2026 under the theme “Food Security: From Policy Paper to Public Plate, The Imperatives of Public Relations.” Ambassador Chitsunge is widely regarded as one of Africa’s leading authorities on food security, sustainable agriculture, and agribusiness development. As a small‑scale farmer…
Yemisi Izuora The Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of concluding the liquidation activities of 89 closed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs) following their successful acquisition by new owners under the Purchase and Assumption (P&A) resolution model executed by the Corporation. The 89 closed banks were part of the 179 MFBs and 4 PMBs whose banking licenses were revoked by the Central Bank of Nigeria (CBN) on May 22nd and 23rd, 2023. Through the Purchase and Assumption agreements, 89 new eligible institutions were issued licenses by the CBN, to acquire the assets…