The Nigerian National Petroleum Company Limited (NNPCL) says the country is targeting $60 billion in new investments over the next five to seven years to expand gas infrastructure. Group Chief Executive Officer of NNPCL, Mr Bayo Ojulari, disclosed this while addressing a global audience from 150 countries at the opening of the Gastech Exhibition and…
The Dangote Articulated Trucks Drivers Training School (DATDTS), in collaboration with the Federal Road Safety Corps (FRSC), is implementing stricter entry requirements for aspiring drivers. This development comes as Dangote Cement Plc undertakes the recertification and screening of all its truck drivers at the company’s Obajana plant in Kogi State. Speaking to newsmen at the…
Nigeria is betting on its Energy Transition Plan (ETP) as a path to net-zero emissions by 2060, prioritizing power, cooking and transport, sectors as focus areas. The Minister of Environment Balarabe Abbas Lawal who gave the assurance the ETP will create hundreds of thousands of new jobs by 2030 and beyond. He said gas plays…
The Court of Appeal, Abuja Division, on August 8, upheld the Nigerian National petroleum Company (NNPC) Limited’s appeal against the Federal High Court’s April 2023 judgment that annulled Sen Ifeanyi Araraume’s removal as non-executive Chairman of the NNPC Board and awarded him ₦5 billion in damages. With this judgment, the Court of Appeal thus spared…
The Speaker, House of Representatives, Hon. Tajudeen Abbas, has commended the National Agency of Science and Engineering Infrastructure (NASENI) for promoting affordable and cleaner energy solutions through the establishment of NASENI-Portland CNG Conversion, Training Centre and Refill Station, Kubwa, Abuja The Speaker represented by Hon. Alex Mascot Ikwechegh while inaugurating the NASENI-Portland CNG Hub noted…
African Export-Import Bank (Afreximbank) has signed a $1.35 billion financing facility in favour of Dangote Industries Limited (DIL). The facility is part of a larger approximately $4 billion syndicated financing arrangement for DIL, Africa’s largest industrial conglomerate. Afreximbank acted as the Mandated Lead Arranger, for the syndication. This financing, described as one of the largest…
Seplat Energy PLC has announced its unaudited results for the six months ended 30 June 2025, recording a revenue of N2.167 trillion for the period from N575.1 billion reported same period last year. Its gross profit soared to N751.2 billion from N247.5 billion Year-on-Year. Cash generated from its operations for the period grew to N1.188…
The Nigerian National Petroleum Company Limited (NNPC) Ltd has officially ruled out sale of the Port Harcourt Refining Company (PHRC), reaffirming its commitment to completing high-graded rehabilitation and retention of the plant. Its Group Chief Executive Officer (GCEO), Bayo Ojulari, announced this at a company-wide town hall meeting at the NNPC Towers, Abuja. NNPCL made…
The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of petrol to N890 per litre in Abuja. The latest increase comes one week after the national oil firm dropped the commodity’s price to N895 – representing a N5 decrease. TheCable observed on Wednesday that the petrol pump price was reviewed downwards in…
