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Axxela Limited, one of sub-Saharan Africa’s leading energy solutions providers, has announced the upgrade in its ratings from Bbb+ to A- with a Stable Outlook by Agusto & Co.Following its periodic review, the rating agency…
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Barely 48 hours hours after Shell launched divestment of its 30 per cent stake in Shell Petroleum Development Company of Nigeria Limited subsidiary, the Group Managing Director of the Nigerian National Petroluem Corporation, Mele…
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Construction of the 160, 000 barrels Amukpe-Escravos pipeline is gradually drawing to a close, as SweetcrudeReports leant that first liftings is expected at the fourth quarter of this year.Nigerian indigenous oil firm, Seplat had…
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Ghana has settled the $42 million debt it owed Nigeria Gas Company (NGas), making it possible for the two countries to start on a fresh page.A news report by Ghana Graphic quoted the Chief Executive Officer (CEO) of N-Gas, Mr Aliyu…
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Enoch Adegoke has qualified for the final of 100m men’s event at the ongoing Tokyo Olympics.This is the first time Nigeria will have a representative in the final of the 100m men’s event since Davidson Ezinwa achieved the feat at…
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The landing cost of petrol in the country has increased to N300, the Group Managing Director of Rainoil Limited, Dr. Gabriel Ogbechie, has said.Ogbechie, who spoke on Sunday, said following this development, Nigeria may spend N2…
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The Federal Government has given assurance of its readiness to support every move that will bring about stability in the global oil market.This was reiterated at a visit by Dr Mohammad Barkindo, the Nigerian born Organisation of…
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The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63 billion revenue from the sale of white products in the month of March…
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Minister of Women Affairs, Dame Pauline Tallen, President of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo and energy experts have said the nation’s oil and gas sector would drastically…
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The National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has reported a profit before tax of N 3.37 billion for the year ended Dec. 31, 2020.The chairman, board…
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