Announcing the result on Tuesday in Abuja, the NNPC Group Chief Executive Officer, Mele Kyari in a series of tweets, said, “Today I’m happy to announce that the Board of NNPC has approved 2021 audited financial statements and NNPC has progressed to a new performance level,from N287billion profit in 2020 to N674billion profit after tax in 2021,climbing higher by 134.8% YoY profit growth.”
“When Nigeria gets this fund, in addition to capital flow from both government and private sector, local and international, it would then be able to address majority of the issues relating to Climatic Change in the country. Nigeria has made a case that it should be on the G7 panel partnerships which will attract significant funding.”
In a statement by the Executive Director, Mr. Bunmi Toyobo, Prof. Osinbajo will deliver a keynote address titled “Nigeria: Transitioning to Green Energy”.
The Nigeria-Morocco 700 kilometers gas pipeline project kicked off in Rabat, Morocco on Thursday with the signing of a Memorandum of Understanding (MoU) between Nigeria National Petroleum Company, NNPC, Limited, the Office National des Hydrocarbures et des Mines (ONHYM) of Morocco and the Economic Commission of West Africa States, ECOWAS.
NCPN noted that at this point, such action is self-serving and at very best, chronic form of national assets stripping coming at a time when the current President Muhammadu Buhari’s administration is already on the verge of completing its tenure.
Chairman, House of Reps Committee on Finance, James Faleke, which is investigating alleged breach of agreement and perennial power failure in the country invited the heads of all the agencies in Abuja on Tuesday.
According to General Manager, Public Affairs, TCN, Ndidi Mbah, the incident occurred at 15:01Hrs, today after several 330kV transmission lines and 33kV feeder-lines across the power system network had been switched off by the Union members, resulting in generation-load imbalance and multiple voltage escalations at critical stations and substations.
"We must continue this collaboration to ensure that the gains in recent times regarding the reduction of piracy results in the removal of war risk insurance premium", he stated
Project Manager, MOJEC International Limited, Engineer Lekan Bashiru, indicated that extending the Mobile MAP activation to Ibeju-Lekki was a result of the company's determination to address the country's metering gap, which was quickly becoming a bane of both the DisCos and their customers.
According to NLNG’s Managing Director and Chief Executive Officer, Dr Philip Mshelbila, the Company had signed an MoU with UNEP in the last quarter of 2022, stating that the signing demonstrated the Company’s commitment to reduce methane emissions from its operations as part of its decarbonisation journey.
The new regulations are: Midstream and Downstream Petroleum Operations Regulations, 2023, Assignment or Transfer of License and Permit Regulations, 2023; Petroleum Measurement Regulations, 2023;. Gas Pricing and Domestic Demand Regulations, 2023; Petroleum (Transport and Shipment) Regulations, 2023 as well as Natural Gas Pipelines Tariff Regulations, 2023.
NDPHC, from data gathered by energy TIMES, was billed N854,104,159 million, having consumed 861,007.18 million cubic feet of gas in the month of January.
