Tag: Energy news Nigeria

Energy

Chevron Nigeria Gets New Chairman/MD, Rick Kennedy

Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the NNPC/CNL JV), has announced the appointment of Mr. Richard (Rick) Kennedy to the position of Chairman and Managing Director. His appointment becomes effective November 1, 2020. According to a statement by […]

NLNG Train 7: NNPC, Partners Take Final Investment Decision
Energy

NLNG Train 7: NNPC, Partners Take Final Investment Decision

The Nigerian National Petroleum Corporation (NNPC and its investment partners, Shell, Total and ENI, have taken the Final Investment Decision (FID) to go ahead with the construction of Train 7 of the Nigeria Liquefied Natural Gas (NLNG). Announcing the development Friday at the NLNG Headquarters Annex in Abuja, a visibly […]

FG spends over N780bn as ‘under-recovery’ in one year
News

FG spends over N780bn as ‘under-recovery’ in 12 months

Federal Government has spent over N780 billion as ‘under-recovery’ between January and December 2019, surpassing the N305 billion provision for under-recovery in the 2019 budget, according to investigation by Saturday Tribune. It is noteworthy to state that the Nigerian National Petroleum Corporation (NNPC) had stated that only the National Assembly […]

Business

Why Nigeria signs nuclear technology pact with Russia

By Olatunde Dodondawa   Nigeria recently signed an agreement with Russia for the construction of nuclear power plants and a nuclear research centre in Nigeria. The nuclear technology agreement with Russia will help to generate more electricity, improve healthcare, science, industry and agriculture sectors. According to Chief Executive Officer (CEO) […]

Energy

Why NNPC needs more reforms-NNRC

The Nigerian National Petroleum Corporation (NNPC) has introduced series of reforms aimed at boosting the public’s perspective from being an opaque business entity to a more transparent business entity. In this report, OLATUNDE DODONDAWA examines why the Nigerian Natural Resource Charter (NNRC) said, in its latest Benchmarking Exercise Report (2017 […]