11 Plc declares N26.56bn profits in FY 2023
... announces N3bn dividend payout "Our 250 filling stations shine as downstream industry benchmark for service, ethical standards" - Oyebanji, MD/CEO said Oredola Adeola 11 Plc (formerly Mobil Oil Nigeria…
NNPC E&P Ltd, NOSL revive oil production in Akwa Ibom’s OML 13 after 29-year hiatus
...hit first oil, extract 6,000 bpd, target 40,000 bpd output by May 24 Oredola Adeola Production activities have recommenced on the Oil Mining Lease (OML) 13, in the Eastern Obolo Local…
NNPC/First E&P JV donates N53.4m to Nigerian NGOs for healthcare, education, others
Oredola Adeola The Nigerian National Petroleum Company Limited (NNPC Ltd.) and First Exploration & Production Limited (First E&P) Joint Venture (JV) have donated N53 million to non-governmental organizations (NGOs).…
Nigerian musicians rake in N25bn from spotify streams in 2023
... streaming royalties soar by 127% year-over-year Oredola Adeola This surge in earnings represents a 2,500% rise since 2017, showcasing the substantial growth in revenue for artists…
Nasarawa lithium factory offers Nigeria chance to master processing skills – President Tinubu
Oredola Adeola President Bola Ahmed Tinubu has revealed that the take-off of a Lithium processing factory built in Nasarawa State by a Chinese firm offers Nigeria the opportunities…
Power outage hits Ile-Ife, Ikire, Ilesha, Ondo for 7 hours on Friday
...as TCN fixes circuit breaker Oredola Adeola Residents of Ile-Ife, Ikire, Ilesha, and some parts of Ondo State are expected to experience a seven-hour power outage on…
EKEDC to reopen metering portal, mandates MAP vendors to stock minimum of 2,000 prepaid meters
.. sets to clear prepaid meter backlog, approve 4G-enabled meters for all customers ...partners with 81 Division, Police to protect electricity infrastructure in V/I Oredola Adeola Ahead…
NUPRC, Senate Committee strengthen ties with Chevron to boost investment in Nigeria oil, gas sector
... Chevron cites favorable gas pricing as key to boosting polypropylene production in Nigeria Oredola Adeola The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Senate Committee on Upstream visited…
NERC slaps Chinese power firm with hefty penalty for operating electricity business in Nigeria without license
... "Obtain licenses or face sanctions" - NERC Vice Chairman warns power investors Oredola Adeola The Nigerian Electricity Regulatory Commission (NERC) has slapped CCETC Suk Power Company Limited, a Chinese-owned…
NNPC Ltd. reiterates commitment to building massive oil, gas infrastructure to make sector thrive
Oredola Adeola The Nigerian National Petroleum Company Ltd (NNPC Ltd.) has assured operators and prospective investors of its commitment to continue investing in the development of huge oil and…
