Yemisi Izuora Nigerian Breweries Plc, Nigeria’s foremost brewing company, has maintained its leadership positioning as Nigeria’s brewing giant, retaining its number one position in the Lager and Malt categories and number two only in stout. The Managing Director of Nigerian Breweries Plc, Hans Essaadi, disclosed this while delivering his remarks at the 2024 Pre-Annual General Meeting media briefing held in Lagos on Thursday, April 3, 2025. Essaadi further stressed that the company, as the foremost brewer, consolidated its strong industry leadership beyond beer with the recent acquisition of Distel Wines and Spirits Nigeria. This enables the company…
Author: Orientalnews Staff
Yemisi Izuora The new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has officially taken over the reins of the company from his predecessor, Mr. Mele Kyari. In a brief handover ceremony held at the NNPC Towers on Friday, the GCEO commended Kyari for his contributions to the growth of NNPC Ltd and his sterling service to the nation. He disclosed that the objective of his management was to consolidate on the successes of his predecessor and take the company to the next level. He said though the…
Yemisi Izuora Following the appointment of the Group Chief Executive Officer and Board of Directors, the Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the appointment of a new 8-man Senior Management Team on Friday. The team which will be headed by the GCEO, Mr Bashir Bayo Ojulari, has Rowland Ewubare as Group Chief Operating Officer; Adedapo Segun as Group Chief Financial Officer; and Olalekan Ogunleye as Executive Vice President Gas, Power & New Energy. Other members of the team are: Udy Ntia as Executive Vice President Upstream; Mumuni Dangazau as Executive Vice President Downstream;…
Roland Iwuchukwu Nigeria has received more than 1 million vaccines from the Gavi-funded global stockpile to combat a meningitis outbreak in the northern part of the country, the government said on Friday. At least 74 people have died from the disease, with more than 800 cases reported across 23 of Nigeria’s 36 states, according to the Nigeria Center for Disease Control, or NCDC. Northern region of the country has been hit hardest by the disease. Health Minister Muhammad Ali Pate said that the arrival of the vaccines is a crucial milestone in Nigeria’s response to the current meningitis outbreak.…
Uche Cecil Izuora The Association of Energy Correspondents of Nigeria (NAEC), has officially congratulated Engineer Bayo Ojulari on his appointment as the new Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC Ltd). President Bola Ahmed Tinubu, on Wednesday, April 2, announced the appointment of Ojulari and a new board for NNPC Ltd with a dissolution of the old board taking immediate effect. Reacting to the news, NAEC in a statement signed by its Chairman, Ugo Amadi, welcomed Ojulari’s appointment, maintaining that the development would bring positive impact to the oil and gas sector in Nigeria…
Uche Cecil Izuora The Presidential Compressed Natural Gas Initiative (P-CNGi) has announced a partnership with LNG Arete Ltd. for setting up of a $27.3 million gas plant project to boost CNG infrastructure investment, expansion and availability. The Programme Director/Chief Executive Officer, P-CNGi, Mr. Michael Oluwagbemi, said the partnership aimed at constructing a Liquefied Natural Gas (LNG) plant with a processing capacity of seven million standard cubic feet per day (MMSCFD). The P-CNGi (investing $6 million) is co-investing alongside the LNG Arete (investing $12 million) and the Midstream Downstream Gas Infrastructure Fund, under the Nigerian Midstream and Downstream Petroleum Regulatory…
Uche Cecil Izuora Oil major, ExxonMobil is hoping to see its first-quarter earnings higher than in Q4 by up to $2 billion, thanks to higher oil and gas prices and rising refining margins. Exxon’s earnings in the upstream segment could be up to $900 million higher in the first quarter compared to the fourth quarter of 2024, due to higher oil and gas prices and timing effects, the supermajor said in an SEC filing. Oil prices in Q1 were lower than in the same period of 2024, but they were higher than in the fourth quarter of 2024. The U.S.…
Uche Cecil Izuora Oil prices have plunged to their lowest levels in more than three years, following Chinese Government retaliations against President Trump’s tariffs, intensifying the ongoing trade war and unsettling global markets. Brent oil futures dropped 7.6 per cent to $64.86 a barrel while Crude oil WTI Futures fell 8.4 per cent to $61.34 a barrel. “We leave our forecasts unchanged until further clarity emerges, sticking with our $67.5/bbl Brent forecast for 2H25 for now,” Morgan Stanley commodity strategists said. Fawad Razaqzada, a market analyst at Forex.com, noted that risk appetite has suffered another significant blow as China responded with…
Uche Cecil Izuora Goldman Sachs has lowered its forecast for Brent crude’s average price this year by 5.5 per cent to $69 a barrel and for WTI prices by 4.3 per cent to $66. Goldman based its recent forecasts on the risks of higher supply by the Organization of Petroleum Exporting Countries (OPEC+) and the global trade war triggering a recession. The Wall Street brokerage also chopped its 2026 average price forecast for Brent by 9 per cent to $62 and for WTI by 6.3 per cent to $59, and warned that the new estimates could be lowered further.…
Yemisi Izuora The Nigerian National Petroleum Company Limited (NNPCL) has secured another breakthrough export deal by shipping out its own cargo to a customer. The crude will be loaded on 9 or 10 April on Greek owner Delta Tankers’ 164,000-dwt Meltemi I (built 2006), chartered by the Nigerian producer’s NNPC Shipping, which industry sources considered as capable of expanding Nigeria’s economic growth. “NNPC Trading concluded in March a deal to sell the first delivered crude cargo to one of the big oil majors,” Panos Gliatis, managing director of NNPC Shipping, told TradeWinds. The deal has been done on an…