COO
NNPC begins work on Port Harcourt refinery
The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work in the Port Harcourt Refinery rehabilitation project with a firm commitment not to fail Nigerians. A statement on Friday by the Group General Manager, Group Public Affairs Division of the NNPC, Dr Kennie Obateru, quoted the NNPC Chief Operating Officer, Refineries & Petrochemicals, Engr Mustapha Yakubu, as saying that everything was being done to ensure that the project is delivered hitch-free and on schedule. Speaking at the Technical Kick-off Meeting for the project held at the Port Harcourt Refinery Complex, Alesa Eleme, Rivers State, Engr Yakubu said everything about the project had been carefully worked out to ensure that the target of at least 90% refining capacity is achieved when operational. “I...
NGX records N419 billion growth in April
The market capitalisation of the Nigerian Stock (NGX) recorded a growth of N419 billion in April due to impressive first quarter results declared by some companies. Specifically, the market capitalisation which closed trading in March at N20.428tn rose by N419bn to close at N20.847tn in April. Similarly, the All-Share Index inched higher by 789.29 points to close at 39,834.42 in contrast with 39,045.13 recorded in March. Royal Exchange Assurance emerged the best performing stock for April in percentage terms, growing by 89.29 per cent to close at 58k per share against 28k recorded in March. Linkage trailed with 41.87 per cent to close at 85k in contrast with 60k posted in the comparative month. Speaking on the performance of the stock market, Mr Ambrose Omordion, the Chief Operating Office...
FIFA announces appointment of chief operating officers for Women’s World Cup 2023
On Tuesday, world football governing body, FIFA, announced the appointment of two Chief Operating Officers (COOs) in Australia and New Zealand respectively for the FIFA Women’s World Cup 2023 that will be jointly hosted by both countries. Last year, the pair took up the initial appointment to lead the FIFA Women’s World Cup office in their respective host countries. Now, Jane Fernandez has officially been named as the COO for Australia, with the New Zealand COO position going to Jane Patterson, officially too. The Australian Fernandez led Football Australia’s successful joint bid to host the FIFA Women’s World Cup 2023. Upon a successful bidding, she was appointed Head of the FIFA Women’s World Cup 2023 Office for Australia. Her vast background in organising successful competitions include...
Pinterest overhauls harassment policy following discrimination complaints
A five-month investigation into Pinterest’s company culture published on Wednesday recommends broad changes to how the firm handles workplace conflicts, including harassment and retaliation. Produced by the law firm WilmerHale, the report details how the company can improve its workplace conditions and prevent discrimination, specifically recommending the creation of an internal ombudsman’s office that can field employee complaints. The law firm spoke with 350 current and former Pinterest employees over the course of its five-month investigation. Pinterest’s board has already unanimously voted to adopt the recommendations, which were shared with employees on Wednesday and posted publicly on the company’s website. In recent months, a number of Pinterest employees have come forward with comp...
Senate calls for quick diversification of economy, frowns against high cost of oil production
The upper chamber of the National Assembly has called on the federal government to quickly diversify the economy, following the high cost of oil production without commensurate result. Berating the Nigerian National Petroleum Corporation (NNPC) for the high cost, which resulted into marginal profit of just $3 per barrel for the country, the Senate noted that the high cost of oil production in the country is higher than other oil producing nations. This development was noted when when officials of NNPC appeared before the Senate Committee on Finance. The Senate also noted that the high cost of oil production which is $21.2 per barrel, almost equaling $25 per barrel oil price benchmark fixed for the N10.509 trillion 2020 revised budget. The upper chamber expressed its displeasure when the Ch...
NNPC explains parameters for employment, career progression
The Nigerian National Petroleum Corporation (NNPC) has explained the parametres for employment as well as career progression in the corporation, using the recently concluded Graduate Trainee employment process as well as top Management promotion exercise executed by the corporation as an illustration. The National Oil company says unblemished academic competence, logical thinking, ability to engage meaningfully in problem solving in addition to federal character are key to becoming an employee of the corporation. To progress in the Management cadre, professional competence, accountability and transparency as well as ensuring national spread in top management positions are critical factors that are not negotiable. Explaining the parametres, NNPC Group General Manager, Group Public Affairs D...
Ex-QPR Star Taraabt Backs Eze To Lead Club To Premier League
Former Queens Park Rangers star Adel Taraabt says he hopes England-born Nigerian midfielder Eberechi Eze will lead the London club back to the Premier League. Eze has been impressive for Queens Park Rangers this season which has seen him been linked with a host of Premier League sides. The 21-year-old has scored 12 goals made eight assists in 39 games in all competitions so far this season for Mark Warburton side. And the 30-year-old Moroccan international, who now plays for Benfica in the Portuguese top flight urged Eze not to lose focus. “I watch him and think he has big potential,” Taarabt told the club website. “I enjoy watching him – he’s physically strong, has a good touch, can score goals. I see him and hope he will one day take QPR to the Premier League – I think he has that abilit...
