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…
Author: orientalnewsng
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…
By Nnanke Harry Willie As the golden rays of his 60th birthday dawned, Mele Kolo Kyari is standing tall on a constellation of stellar achievements. He hit the Biblical three scores on a bull’s eye with news of long dead, abiku refineries becoming ‘born again’. Mele Kyari’s story is a testament to the power of humble beginnings, relentless ambition, and a vision larger than life. Dubbed the “architect of modern Nigerian oil and gas,” Kyari has etched his name into history with achievements that not many in his shoes have been able to rival, transforming Nigeria’s oil and gas industry…
By Mohammed Musa There were indications that the just-concluded Nigeria’s 2024 Oil Licensing Round, organized by the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, regulator of the upstream petroleum sector, was very successful. The reasons were not farfetched. First, the exercise, which took place at Eko Hotel in Lagos on December 18, 2024, was driven by professionalism and transparency in line with global best practices. Second, the licensing round was enhanced by digital technology, thus making it very efficient and seamless. Third, the licensing round was also very fair to all parties. Therefore, it was not surprising that the bidding attracted…
Joseph Bakare President Bola Tinubu has expressed joy at the re-opening of the Warri Refining and Petrochemical Company by the Nigerian National Petroleum Company Limited, describing it as another remarkable achievement in 2024 that has strengthened Nigerians’ hope in his administration. The Warri Refinery returned to operation weeks after NNPC Limited restarted the 60,000 Barrels per day at the Port Harcourt Refinery in November. With Warri Refining and Petrochemical Company (WRPC) going into operation after several years of inactivity, President Tinubu has once again expressed his administration’s determination to ramp up local refining capacity and make Nigeria a hub for…
B Oladapo Sofowora First Bank of Nigeria Limited proudly sponsored a remarkable stage play titled ‘Our Duke Has Gone Mad Again: A Biting Satire.’ This captivating performance was masterfully directed by the acclaimed Joseph Edgar, widely recognised as The Duke of Shomolu. The play received high praise for its creative ingenuity and sharp satirical brilliance, effectively delivering a meaningful message to its audience. The much-anticipated performance took place on December 23, 2023, at the prestigious Shell Hall, MUSON Centre in Lagos. This staging was an integral part of the vibrant activities associated with the 2024 edition of FirstBank’s annual…
Yemisi Izuora The National Pension Commission (PenCom) said it has launched determined initiative to ensure retirees receives their benefits in a sustainable way going forward. The Commission, said it is working out details of how such benefits are implemented without putting much burden on beneficiaries. The Director General (DG) of the Agency, Omolola Oloworaran, while speaking at PenCom Media Conference in Lagos on Thursday recalled that it has faced the persistent issue of delays in the payment of accrued rights. Just recently she said N44 billion was approved under the 2024 budget appropriation to settle accrued pension rights for retirees…
United Bank for Africa(UBA) through UBA Foundation, its corporate social responsibility arm, has donated the sum of N500 million to the Lagos State Security Trust Fund (LSSTF), as part of its continued commitment to secure environment for individuals and businesses The N500m cheque was presented to the Lagos State Governor, Babajide Sanwo-Olu, by the UBA Group Chairman, Tony Elumelu, who was accompanied by the bank’s Deputy Managing Director, Mr. Muyiwa Akinyemi, at the State House, Marina, Lagos on Sunday. Speaking during the presentation, Elumelu reiterated the bank’s dedication to supporting initiatives that ensure the safety and prosperity of communities across…
The Kogi State Government has said the payment of December Salary on the 14th of December is to enable Civil Servants plan and enjoy their Christmas and New Year holidays after working so hard throughout the year. The Kogi State Commissioner for Information and Communications, Mr Kingsley Fanwo, said, with this gracious approval by Governor Usman Ododo, civil servants who would want to travel for their holidays could also plan ahead without having to wait for salaries later in the month. Fanwo, who addressed newsmen on Saturday, said a similar thing was done during the Sallah break to enable…