Yemisi Izuora Esso Exploration & Production Nigeria (Offshore East) Limited, an affiliate of ExxonMobil, has called for a coordinated, strategic approach to boost Nigeria’s oil and gas production and drive broader economic growth. The call was made during the 2025 Practical Nigerian Content (PNC) Forum, an annual industry conference held in Yenagoa. Speaking at strategic panel sessions on “Streamlining Project Delivery for Improved Efficiency” and “Nigeria First Policy – Pathways for Growth”, Etabuko Abirhire, Executive Director, Development, Esso E&P, outlined actionable strategies to support Nigeria’s ambitious energy objectives. Abirhire emphasized the need to achieve a production target of 4…
Author: orientalnewsng
TransQuest Media Group/ Transport Development Symposium and Awards is scheduled to celebrate its 20th anniversary on Saturday, December 6th, 2025, at Lagos Airport Hotels, Obafemi Awolowo Way, lkeja, Lagos. The Managing Director of the group who is also the Chairman, Organising Committee, Mr Felix O.Kumuyi and the Board Chairman, Chief Olufemi Ogunsusi, stated this in a statement signed by the duo. The theme of the one day transport seminar/Quest Awardees’ event is “Attaining Africa’s Trade/Maritime Hub:Leveraging Nigeria’s Maritime Potentials to Drive Economic Growth”. The occasion would be chaired by Professor Bamidele Badejo while Professor lyiola Oni of the Department of…
The Capital Market Correspondents Association of Nigeria (CAMCAN) has concluded plans to host its 2025 annual workshop, a key engagement platform designed to deepen dialogue and strengthen policy direction across Nigeria’s capital market and the wider economy. The workshop scheduled for December 6 and 7, 2025, at Orchid Hotels, Ajah, Lagos, will focus on the theme: “Regulatory Reforms: ISA 2025 and Nigeria’s Investment Climate.” The theme underscores the increasing urgency for coordinated regulatory reforms to stabilise the financial system, enhance investor confidence, and reposition the market for global competitiveness. In a statement, CAMCAN said the workshop will highlight how the…
….Adds Over 135 MMscf/d To Domestic Gas Supply Yemisi Izuora The NNPC/Heirs Energies OML 17 Joint Venture (JV) has achieved a major breakthrough with the innovative, rigless recompletion of a key non-associated gas well in OML 17. This pioneering intervention – the first of its kind in Nigeria – has doubled the JV’s gas output to a peak of 135 million standard cubic feet per day (MMscf/d), delivering a significant boost to domestic gas supply and strengthening the nation’s energy security. This significant production increase has transformed power generation across the eastern network. Transcorp PLC – TransAfam Power, one of…
Yemisi Izuora The Nigerian National Petroleum Company Limited (NNPCL), has unveiled its strategic roadmap to drive sustained growth and support Nigeria’s energy transition through 2030. This is as the state oil company announced its financial performance for the full year ended 2024 showing a Profit After Tax (PAT) of ₦5.4 trillion on revenue of ₦45.1 trillion. This was contained in a statement by the Chief Corporate Communications Officer, Andy Odeh to the media. The plan prioritises increased oil and gas production and outlines a $60 billion investment pipeline across the energy value chain. 2024 Financial Highlights NNPC Limited’s results demonstrate…
Yemisi Izuora Dangote Petroleum Refinery has said that its gantry price reduction actually prompted petrol price downward adjustments by marketers. The management rejected what it described as series of misleading publications claiming that the recent reduction in pump prices by oil marketers is a consequence of the Federal Government’s reversal of the 15 per cent import tariff. ‘This narrative is entirely false, deliberately misleading, and inconsistent with actual market dynamics. For the avoidance of doubt, the factor that prompted the price adjustment was our own reduction of PMS gantry and coastal prices on November 6.’ it said in a…
Joseph Bakare Oriental Energy Resources (OERL) and its partners today marked the sailaway of the EMEM Floating Production Storage and Offloading Vessel (FPSO) from Dry Docks World Dubai Shipyard. The EMEM is the first fully funded and converted FPSO by a Nigerian indigenous company, positioning OERL at the forefront of the nation’s energy independence agenda. The event drew distinguished attendees including Nigeria’s Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, Governor of Borno State His Excellency Babanga Zulum, Governor of Akwa Ibom State His Excellency Pastor Umo Eno, Governor of Adamawa State His Excellency Ahmadu Umaru Fintiru and…
The Kogi State Government has called on residents of the State to remain calm and vigilant following reports of a planned terrorist attack in parts of Kogi and Ondo States. In a statement issued by the State Commissioner for Information and Communications, Hon. Kingsley Femi Fanwo, the Government described the intelligence report as a step towards victory, noting that it demonstrates the proactive work of the Department of State Services (DSS) and other security agencies in protecting Nigerians from criminal elements. “The report itself is evidence that our security agencies are alive to their responsibilities. We commend the DSS for…
Tunde Bakare A key milestone has been recorded by Kano, Katsina and Jigawa states to improve electricity supply and distribution efficiency through the Kano Electricity Distribution Company (KEDCO). After a crucial meeting in Morocco the three States agreed to partner with Future Energies Africa (FEA) the core investor in Kano Electricity Distribution Company – KEDCO), on first-of-its-kind electrification fund with target capitalization of N50 billion in the first instance. The move is to rapidly accelerate access and supply across the three States through embedded generation using renewables, solar home systems, grid extension and mini-grids, according to Sani Bala Sani, Head, Corporate…
The Nigeria Academy of Pharmacy (NAPHARM) reaffirmed its leadership role in shaping the future of healthcare and national development at its 2025 Annual General Meeting (AGM), Valedictory Session in honour of Pharm. Chief Oludolapo Ibukun Akinkugbe, and the Investiture Ceremony for new Fellows, held between Wednesday, October 15 and Thursday, October 16, 2025, at the Old Great Hall, College of Medicine, University of Lagos, Idi-Araba. This year’s gathering was anchored on the timely and transformative theme: “Pharmaceutical Innovation as a Catalyst for National Development.” The series of events brought together distinguished leaders, professionals, policymakers, and scholars from across Nigeria…