Friday, March 31, 2023
Tags Addax

Tag: Addax

Addax exits Nigeria as NNPC takes over oil blocks

The chief investment officer of NNPC Upstream Investment Management Services, Bala Wunti said “with this agreement, Addax has ceased to be the PSC contractor of the asset.”

Nigeria loses 22,000bpd as Addax workers begin strike

The striking workers claimed that the Federal Government has done everything possible through the National Petroleum Investment Management Services (NAPIMS) to ensure issues are settled amicably but Addax Management is frustrating every move by NAPIMS and other stakeholders to resolve the issue.
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Nigeria’s Minister of State for Petroleum resigns

Sylva’s resignation comes at a time of political transition in Nigeria, with President Muhammadu Buhari serving his final weeks in office before giving way to President-elect Bola Tinubu on May 29.

FIRST BANK OFFICIAL STATEMENT

Our attention has been drawn to a sponsored sensational report by some online publications on a charge brought against the Bank. 

Egbin Power boosts nation’s supply, restores sixth unit

It said: “We are pleased to announce the successful restoration of ST-6 after extensive repairs, including replacement of HIP & LP steam turbine blades and Generator overhauling, in addition to the in-house inspections for Boiler and Balance of Plant.

Transcorp Plc delivers strong performance as revenue rises by 21%

The conglomerate saw a 7% increase in its Power investments, despite the challenges faced in the year from the issues with gas supply, off the diminished Oil & Gas production in the country in 2022.