Group Managing Director
Hoodlums attack Complete Sports head office
Hoodlums on Sunday attacked the head office of Complete Sports newspapers in Okota, Lagos. This was made known in a statement by the Group Managing Director of the company, Dr Mumini Alao. The hoodlums capitalised on the curfew imposed by the Lagos State Government in the wake of the violence and looting that rocked the state in the aftermath of the #EndSARS protests in the country, to carry out the attack. According to Alao, the suspected hoodlums forced their way into the company and ransacked the offices. “The hoodlums came very early on Sunday morning, October 25, 2020. They attacked our office security guards, tied them up, and proceeded to ransack several offices in the building,” Alao said. “Luckily for us, one of the guards escaped to raise the alarm, thus forcing the fleeing hoodl...
NNPC: AKK gas pipeline project contract not inflated
The Nigerian National Petroleum Corporation (NNPC) said the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was not inflated to the tune of 1.527 billion dollars, as alleged in an online media outfit. The corporation disclosed this in a statement signed by its spokesman, Dr Kennie Obateru, in Abuja on Monday. He described the accusation as false, baseless and unfounded. Obateru noted that the NNPC was considering instituting legal actions against the medium and her collaborators. He added that the corporation brought the accusation to the attention of the Bureau for Public Procurement (BPP) which rejected the speculative analysis of the online medium as false and not portraying the true position of the BPP’s report on the subject. “This is clearly a concocted analysis aimed at attacking th...
NPDC to stop gas importation with 500,000 barrels per day production facility – NNPC chief
The Group Managing Director of Nigerian National Petroleum Corporation, Mele Kyari, has disclosed that the Nigerian Petroleum Development Company (NPDC), will soon curb importation of Liquefied Petroleum Gas (LPG), into the country with the daily production of 500,000 barrel per day, for local consumption. Kyari disclosed this Wednesday during the facilities tour of Oredo Integrated Gas Handling Facility (IGHF) in Ologbo, Ikpoba-Okha local government area ofEdo state. He disclosed that the plant which would be commissioned by President Muhammadu Buhari in October this year, will take the company’s daily production form the present 260,000 barrels per day to 500,000 barrels per day. “Around one year ago, NPDC was producing about 136,000 barrels per day. Today, we are producing 260,000 barre...
Access Bank acquires Kenya’s Transnational Bank
Following its first announcement in October 2019, Access Bank Plc has announced the successful completion of the acquisition of Transnational Bank Plc, of Kenya (TNB). The Bank made this known through a statement signed by its Company Secretary, Sunday Ekwochi. “Access Bank Plc is pleased to inform the investing public and the Nigerian Stock Exchange of the Bank’s successful completion of the acquisition of Transnational Bank (Kenya) Plc. This follows the receipt of full regulatory approvals and fulfillment of all conditions precedent to completion,” the statement read. Commenting on the acquisition, Herbert Wigwe, the Group Managing Director, Access Bank PLC, said, “We are excited to make an entry into the vibrant Kenyan market. We pledge to put our customers at the forefront of everythin...
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...
Nigerian government commends NNPC, partners for coronavirus interventions
The Secretary to the Government of the Federation and Chairman of the Presidential Taskforce on Covid-19, Boss Mustapha, yesterday, commended the Nigerian National Petroleum Corporation (NNPC) for her unwavering support and several medical interventions, geared towards providing a lasting solution to the novel coronavirus pandemic in Nigeria. According to a statement by the NNPC, Mustapha stated that the gesture showed the corporation as the hallmark of a national oil company. The NNPC noted that Mustapha gave this commendation while receiving 20 ventilators donated by Ocea S.A, a France based company through the NNPC, to bolster the fight against COVID-19 in Abuja. It added that Mystrose Defence Systems Limited presented the donation to the NNPC on behalf of Ocea S.A. to bolster the fight...
Minister lauds NNPC, offers land for hospital
As the battle against COVID-19 rages, the Minister of Federal Capital Territory Administration (FCT), Mr Muhammad Musa Bello, has commended the leadership of the Nigerian National Petroleum Corporation (NNPC) for rallying the oil and gas industry to support the nation to defeat the pestilence. Speaking at the NNPC Towers during a courtesy call on the Group Managing Director on Thursday, the Minister said he was impressed with the quality of interventions coming from the NNPC-led oil and gas industry coalition. Bello, who also commended the GMD for his sterling performance since assumption of office, said the FCT Administration had been holding discussions with the NNPC Medical team on the possibility of developing a healthcare facility in Abuja for the benefit of all residents and other Ni...
President Buhari urges stakeholders commitment as NLNG signs Train 7 project construction
Nigeria LNG Limited (NLNG), Bonny, Rivers state, says it has signed Engineering, Procurement and Construction (EPC) Contracts for much-anticipated Train 7 Project with the SCD JV Consortium, comprising affiliates of Saipem, Chiyoda and Daewoo. The development signifies the commencement of the Detail Design and Construction phase of the project expected to increase the capacity of NLNG’s current six-train plant by 35% from the extant 22 Million Tonnes Per Annum (MTPA) to 30 MTPA. Tony Attah, Managing Director, NLNG, said, “The award of the EPC Contracts clearly demonstrates our Shareholders’ determination and resolve to sustain the economic dividends NLNG’s monetization of our vast natural gas reserves offers Nigeria” Group Managing Director (NNPC) and a Director on the NLNG Board, Mele Kya...
Nigeria governors meet Wednesday on quick way out of coronavirus effects
The Nigeria Governors’ Forum says it will meet on Wednesday to review the situation of COVID-19 pandemic in various states, and as well find paths for a quick way out of the effects of the pandemic. The forum made this known in a statement by Abdulrazaque Bello-Barkindo, NGF Head, Media and Public Affairs, in Abuja on Tuesday. Bello-Barkindo said issues to be discussed at the 8th teleconference meeting, according to the invitation sent from the NGF Director-General, Mr Asishana Bayo Okauru, include update from the Presidential Task Force on COVID-19. He also listed a new initiative codenamed CACOVID-Volunteer Health Workers Support Scheme to States, including a consideration for a CACOVID–Healthcare Training Proposal, among others. Bello-Barkindo said: “The state governors will also take a...
Petrol to sell at N117 per litre as PPMC cuts ex-depot prices
AHA Taxis The Petroleum Products Marketing Company (PPMC), Wednesday, slashed the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to N108 per litre, a move reflecting the drop in crude oil prices. It is also expected to result in a lower pump price at petrol stations by end of this week. In a memo to oil marketers and other stakeholders in the petroleum marketing business, dated May 5, 2020, with the subject: ‘Re: PPMC Petroleum Products Prices for May 2020,’ the PPMC also slashed the ex-depot price of Automotive Gasoline Oil, also known as diesel, to N164 per litre for depots in Lagos and N166 per litre for depots in Oghara, Calabar, Port Harcourt, among others. The indicated that the new prices would take effect from May 5, 2020. The ex-depot price is the price at whi...
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