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3 weeks ago | 
thenationonlineng.net | Bolaji Ogundele |Muyiwa Lucas |John Ofikhenua |Elo Edremoda |Alao Abiodun
The newly reconstituted board of Nigerian National Petroleum Company Limited (NNPCL) yesterday got off to a mix of applause and targets set by the government and the public. In a decisive move aimed at bolstering Nigeria’s oil and gas sector, President Bola Ahmed Tinubu yesterday reconstituted the board of NNPCL. The overhaul saw the exit of board chairman, Chief Pius Akinyelure and Group Chief Executive Officer (GCEO), Mallam Mele Kolo Kyari, along with all the members appointed in November 2023.
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1 month ago | 
thenationonlineng.net | Precious Igbonwelundu |Muyiwa Lucas
The Nigerian Air Force (NAF) and the Ikeja Electric Distribution Company (IE) have opened talks over the prolonged power outage at the Sam Ethnam Base, Ikeja. The blacout has raised security concerns at the Base, home to NAF Logistics Command. The Base, which also houses NAF’s critical military hardwares and logistics supply, has been without power for about two weeks, it was gathered yesterday.
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2 months ago | 
thenationonlineng.net | Muyiwa Lucas
The BUA Group said it has commenced the development of a 700-ton-per-day (700TPD), 45mmscf Mini-LNG Plant in Kogi State, with a groundbreaking ceremony held in Ajaokuta, Kogi State.
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2 months ago | 
thenationonlineng.net | Muyiwa Lucas
The Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has urged Seplat Energy Producing Nigeria Unlimited (SEPNU) to accelerate its natural gas delivery efforts for domestic use and export. Ekpo made this call at a meeting with SEPNU’s senior management, led by Managing Director, Dotun Isiaka, at the NNPC Towers office in Abuja, yesterday.
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Jan 21, 2025 | 
thenationonlineng.net | Muyiwa Lucas
Business Seplat Energy Plc, has expressed its commitment to partnering with the Akwa Ibom State Government for sustainable development. This was disclosed during a courtesy visit to the State Governor, Umo Eno, by a Seplat delegation led by the Board Chairman, Senator Udo Udoma.
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Jan 19, 2025 | 
thenationonlineng.net | Muyiwa Lucas
The board of directors of Eterna Plc has announced the appointment of Olumide Adeosun as the new Managing Director of the company. In a statement by the Company’s Secretary and Legal Adviser, David Edet, the appointment takes effect from February 3, 2025. Prior to this appointment, Adeosun served as Group Executive Director of Rainoil Limited and as a Non-Executive Director of Eterna Industries Limited.
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Jan 19, 2025 | 
thenationonlineng.net | Muyiwa Lucas
Minister of Power, Chief Adebayo Adelabu, at the weekend inaugurated a new 110MVA transformer at the Isolo Transmission Substation in Lagos. This development aims to improve power delivery to residential, commercial and industrial consumers in areas like Airport road, Ajao Estate and Afprint, Aswani, Isolo Local Council.
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Jan 18, 2025 | 
thenationonlineng.net | Muyiwa Lucas
Business From all economic indices, how realistic is the N49.7 trillion budget for 2025 and how do you think it can revive the economy? Our budgeting system needs to still go through a lot of review but one of the things I would say is that if you look at the budget in dollar terms, then it will give you a perspective. If for instance someone was to have a budget of let’s say N1 billion and this year the person moves the budget to N2 billion, that’s not an increase.
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Jan 16, 2025 | 
thenationonlineng.net | Muyiwa Lucas
Following the increase in the ex depot price of premium motor spirit (PMS) or petrol to N950 per litre from a previous N909 per litre by depot owners, there is now a surge in oil marketers seeking to key into the bulk-purchase agreement incentives being offered by the Dangote Petroleum Refinery.
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Jan 16, 2025 | 
thenationonlineng.net | Muyiwa Lucas
The Organisation of the Petroleum Exporting Countries (OPEC) has projected global oil demand growth rate at 1.4 million barrels per day (mb/d) in 2025, with a similar growth rate expected in 2026. In its January 2025 report, OPEC projected a robust global economic expansion and healthy oil demand growth for 2025 and 2026.
