Uche Cecil Izuora The Federal Government and key Petroleum Products marketers have proposed new measures to that will help curb rising cases of road accidents involving petrol tankers. The recent incidents of road accidents resulting in cremation of hundreds of lives and causing extensive damage to properties was the focus of discourse organised by Mejor Energy Marketers Association of Nigeria (MEMAN) in Lagos on Thursday. The theme of the discourse “Improving Safe Transportation of Petroleum Products.” attracted top government officials, regulators, and industry stakeholders who shared critical insights on enhancing safety in petroleum logistics. In his address at the forum,…
Author: orientalnewsng
Yemisi Izuora The Nigerian National Petroleum Company Limited (NNPCL) and First Exploration & Petroeum Development Company Limited (First E&P) Joint Venture (JV) has successfully achieved 96 per cent reduction in routine flaring of associated gas (AG) from the Anyala (OML 83) and Madu (OML 85) fields. This is seen as a significant stride towards supporting Nigeria’s commitment to reducing greenhouse gas emissions by 20 per cent unconditionally and 47 per cent conditionay, as stipulated in the Nationally Determined Contributions under the Paris Agreement. This remarkable milestone was attained through the implementation of an AG reinjection strategy into a designated underground…
Yemisi Izuora There are strong indications suggesting that most parts of Southern Nigeria will witness early rainfall that could possibly be heavy in nature. This is revealed as the Minister of Aviation and Aerospace Development, Festus Keyamo SAN, on Tuesday, 4th February 2025 in Abuja, unveiled the 2025 Seasonal Climate Prediction (SCP) by the Nigerian Meteorological Agency (NiMet) to the public. Themed ‘The Role of Early Warnings towards a Climate Resilient Aviation Industry for Sustainable Socio-Economic Development’, the SCP document predicts that most parts of the country will experience significant rainfall events at the beginning of 2025, and these rains…
Yemisi Izuora Former Director General (DG) of the National Pension Commission (PenCom) Chinelo Anohu has lost her father, Chief Mathias Anohu. Sir Victor Anohu, announced the demise of Chief Anohu on Friday on behalf of the family. The statement read, “With profound gratitude to the Almighty God for an exceptional sojourn on earth, the Anohu Family of Umuezedam Ubahu Okija announces the passing of their beloved patriarch, Chief Dr. Mathias Chidi Anohu. He joined the saints on Monday, January 6, 2025, at the age of 84. “A distinguished pharmacist, accomplished public servant, and statesman, Chief Dr. Mathias Chidi Anohu dedicated…
Yemisi Izuora Access Holdings Plc, has announced the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc, effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’). This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board. Mr. Orji is a renowned investment banking professional, information technology entrepreneur, and finance expert with three (3) decades of professional and board experience. He is the Co-founder and Partner of Titangate Capital Management, an equity firm that invests in deep-tech, enterprise software, semi-conductors,…
Yemisi Izuora Oando Plc, has announced a strong financial performance for the Full Year (FY) 2024 with a 45 per cent growth in revenue to N4.1 Trillion compared to N2.9 Trillion in FY 2023 results. Oando Plc, is Africa’s leading integrated energy company listed on both the Nigerian Exchange Grpup (NGX) and Johannesburg Stock Exchange (JSE). The company’s 2024 performance showcases a consistent upward trajectory following its announcement of N65.5 billion in profit after tax. Speaking on the results, Group Chief Executive, Oando PLC, Wale Tinubu CON, commented, “2024 was a year of transformation for Oando, the key highlight being…
Yemisi Izuora In a continued effort to improve the health and well-being of Nigerians, the NNPC Ltd/FIRST E & P Joint Venture (JV) has conducted its 2025 health outreach program across eleven KEFFESO communities in Bayelsa State. This initiative, part of the company’s Corporate Social Responsibility (CSR) and in line with the provisions of the Petroleum Industry Act (PIA) 2021, underscores its commitment to addressing critical healthcare challenges in host communities. KEFFESO comprises Koluama 1, Koluama 2, Ezetu 1, Ezetu 2, Foropa, Fish Town, Ekeni, Sangana, Opu Okumbiri, Okumbiribeleu, and Oginibiri communities. Thousands of residents benefited from the program, which…
Yemisi Izuora Federal Government’s efforts to stimulate economic growth and development has led to unveiling of fresh gas projects. The inauguration of five mini-Liquiefied Natural Gas (LNG) Plants in Ajaokuta, Kogi State, on Thursday by the Nigerian National Petroleum Company Limited (NNPCL) and its partners further signifies efforts to deepen domestic gas utilization, in line with the Federal Government’s Gas Revolution Agenda. The epic groundbreaking ceremony signalled the commencement of construction works on the five Mini-LNG plants namely: NNPC Prime LNG, NGML/Gasnexus LNG, BUA LNG, Highland LNG and LNG Arete. NNPC Ltd has stake in three of the five mini-LNG…
NNPCL Has Sustained Investment In Key Energy Projects In Line With President Tinubu’s TransformationAgenda — Soneye In this interview with the media, spokesman of the Nigerian National Petroleum Company Limited (NNPCL) Olufemi Soneye says Nigeria is witnessing unprecendented gas development under President Bola Ahmed Tinubu. He also highlights the Company’s giant stride in the entire energy space. YEMISI IZUORA was there for Oriental News Nigeria Excerpts: The present administration has make significant project in gas to power initiative. Can you tell us a little about them? There are a lot of them. The Obiafu-Obrikom-Oben (OB3), Ajaokuta-Kaduna-Kano (AKK) and Escravos…
Yemisi lzuora Nigeria Government has commended Malaysia’s Takaful Insurance Model and has shown interest to probably copy and modify it to suit our local environment. The Chief Executive Officer of the National Insurance Commission NAICOM, and Nigeria’s Commissioner for Insurance Mr. Olusegun Ayo Omosehin indicated this interest when he played host to the Malaysian High Commissioner to Nigeria Mr. Aiyub Omar. The envoy had visited the commissioner where discussions on insurance partnership were discussed. Mr. Omosehin, described Malaysia’s Takaful Insurance Industry as phenomenal. He sought to unlock the secrets of Malaysia’s success in Takaful insurance development, calling for collaboration with…