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BUHARI CONGRATULATES FBN ON 40 YEARS OF CROSS-BORDER BANKING IN UK

“As the FBN, United Kingdom celebrates 40 years anniversary, the President believes the strength and buoyancy of any country depend largely on the capacity of the banking sector, extolling the organization for steady rise and expansion, with remarkable awards for transparency, accountability, and reliability,” the statement reads.

Oando Clean Energy Limited to Showcase Sustainable Projects at COP27

agged Africa’s COP, the event couldn’t have been hosted in Africa at a better time. Africa is no stranger to the disproportionate impact of climate change. The continent contributes only 3% to greenhouse gas emissions but suffers disproportionately from its negative impacts.

Oando Donates Relief Materials to 260 Flood Victims communities in Niger Delta

As a way of assisting the victims, Oando and its JV partners delivered food and essential goods such as beds and non-perishable food items, including bags of 50kg rice, bags of 100kg garri, cartons of tomatoes, vegetable oil, beverage drinks, milk and noodles as well as mattresses, blankets and mosquito nets.

NNPCL, Akwa Ibom, Firm Seal Agreement for Integrated Logistics Hub

Speaking at the event, the Chairman, Board of Directors of NNPCL, Senator Margery Okadigbo, said that as a national oil company transiting to a full-scale energy company, the NNPCL’s commitment to the Ibom Solution Hub signalled to potential investors and business partners that the company meant business.

Sahara Group School of Extrapreneurship breaks ground at UNILAG 

Gray said the Sahara School of Innovation and Extrapreneurship would be open to young people desirous of making a difference and birthing solutions to future challenges today, with emphasis on areas such as the future of energy, entrepreneurship, data science, digital arts and culture, artificial intelligence and robotics, and fintech, among others.

First Bank, CFA Society partner to host Universities Ethics challenge  

The Universities Ethics Challenge is designed to increase students' awareness of the ethical dilemmas and issues they may face when they become finance and investment management professionals. 

Seplat Energy grows Q3 PBT by 90.3% to N77.5bn

The energy company’s also grew its revenue by 34.4 per cent to N258.7bn from N182.7bn year-on-year; as its gross profit soars to N118.5bn from N58.1bn year-on-year, rising by 93.5 per cent.

NLNG calls for more investment to ensure reliable LPG supply

He stated that NLNG was doing this through its further investment in Train 7, which will add about 35% to its current capacity when completed, subject to gas supply and gas quality. He added that other domestic producers of LPG would need to make investments to enable their product to become available to the domestic market, rather than exporting it.

CBN Marks First Anniversary of eNaira

The implementation of the eNaira, according to a statement, has put Nigeria in the global spotlight as one of the pioneers to deploy a CBDC into live production.

BUA to Kogi: We are no longer interested in 50,000 hectares of land

A statement by the company made available to newsmen disclosed that since the Kogi state invited BUA to invest in 2012, there has been no visible effort by the state and successive governments to address the issues of access to the land that will enable BUA to utilize the land for its intended purpose.

NNPC Ltd declares N674.1bn profit

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.”

NNPCL acquires Oando retail service stations

The group chief executive officer, NNPC Limited in a series of tweets on Saturday, said the the strategic move aims to create the leading downstream energy company in Nigeria and West Africa, driven by operational efficiency, best in class management,physical infrastructure while offering premium petroleum products and related services to customers.
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POWER OUTAGE AS TRUCK HITS TCN TRANSMISSION TOWER

The company in a statement said the current restricted outage situation in parts of Abuja, is caused by a truck loaded with gravel that lost control and crashed into TCN’s 132kV transmission tower No 20, supplying bulk electricity to the 100MVA part of the Katampe Substation and 2x60MVA GIS Central Area Substation.

Nigeria, Morocco, five other W/African Countries sign on Gas Pipeline Project

NNPCL in a series of tweets, said Nigeria's @nnpclimited, Morocco's ONHYM and the nations of Ghana, The Gambia, Guinea, Guinea Bissau & Sierra Leone, signed an MoU on the gas pipeline project

NDPHC decries incessant vandalisation of power transmission facilities

“We will be relentless in hunting these vandals down, particularly those who assassinated the young man.”

Vandals destroy six transmission towers, kill vigilante in Rivers

On September 3, 2022, some miscreants attacked and vandalized the 330kV DC Afam – Onne Transmission Line in Gbake community of Ogoniland, River State.