Author: Joy Gyakyor

The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday declared a state of emergency on crude oil production in a deliberate move to increase the nation’s production levels and boost reserves in the oil and gas industry.  Group Chief Executive Officer of NNPCL, Mr. Mele Kyari, disclosed this at the opening of the 23rd edition of the Nigeria Oil & Gas Conference and Exhibition (NOG Energy Week) in Abuja.  Chief Corporate Communications Officer of the NNPCL, Olufemi Soneye In a statement, Kyari explained, “We have decided to stop the debate. We have declared war on the challenges affecting our crude…

…As Kyari Lauds FG’s Presidential Executive Order for Fostering Growth in Nigeria’s Oil, Gas Sector The NNPC-TotalEnergies JV has announced a $550 million Final Investment Decision (FID) on the Ubeta Field Development Project in a major step towards boosting Nigeria’s oil and gas production. Chief Corporate Communications Officer of the NNPC Ltd, Olufemi Soneyi in a statement said the milestone is in line with President Bola Tinubu’s Presidential Executive Order on Oil & Gas Reforms aimed largely at improving the country’s investment climate and positioning the nation as the preferred investment destination for the Oil & Gas sector in Africa.…

President Bola Tinubu on Thursday held a private meeting with President Cyril Ramaphosa of South Africa in Johannesburg, where he solicited closer partnership with Nigeria. Special Adviser on media and publicity to the President, Ajuri Ngelale in a statement said, before the closed meeting, which was held atthe Radisson Blu Hotel, President Ramaphosa thanked President Tinubu for honouring the invitation to attend his inauguration for a second term in office. “Thank you so much for coming for the inauguration. I was very happy to see my brother at the ceremony,” the South African President said. President Tinubu noted that President…

The Nigeria Civil Aviation Authority (NCAA) has praised the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo’s contributions to Nigeria’s 71.04 percent audit rating by the International Civil Aviation Organisation (ICAO). Mr Michael Achimugu, Director of Public Affairs and Consumer Protection of NCAA, made the commendation before journalists on Tuesday in Lagos. Achimugu said that Nigeria scored 71.04 percent in the ICAO-conducted Universal Security Audit Programme-Continuous Monitoring Approach (USAP-CMA). He said that Keyamo (SAN) and the Acting Director-General of NCAA, Capt. Chris Najomo played huge roles during the recently concluded ICAO’s USAP-CMA in the country’s aviation industry. READ ALSO:…

Director General of the National Agency for Food and Administration and Control (NAFDAC), Professor Moji Adeyeye, has advised Nigerians to refrain from storing cooked food in the refrigerator for more than three days, warning that such food is susceptible to contamination by disease-causing pathogens, key agents of foodborne diseases that can lead to death. Adeyeye stated this on Tuesday in commemoration of the 2024 World Food Safety Day with the theme, ‘Food Safety: Prepare for the Unexpected’. In a statement by the agency’s Resident Media Consultant, Sayo Akintola, Processor Adeyeye urged stakeholders in the food supply chain to take deliberate actions…

The Nigeria National Petroleum Company Limited (NNPCL) has re-emphasized its commitment to sustain the march towards process improvement, regulatory compliance, and performance excellence. NNPCL’s Executive Vice President, Business Services, Mr. Inuwa Danladi, disclosed this while speaking on the recent certification of the International Ship and Port Facility Security (ISPS) Code Compliance obtained by the Company, from the Nigerian Maritime Administration and Safety Agency (NIMASA). According to Olufemi Soneye, Chief Corporate Communications Officer of the NNPCL in a statement, the ISPS certification, issued in April 2024 and covering all NNPC jetties nationwide, is crucial for the company’s business continuity as it prevents…

The Federal Inland Revenue Service (FIRS), under the leadership of Dr. Zacch Adedeji as Executive Chairman, has an ambitious plan to increase Nigeria’s collectible revenues through an efficient tax management system. The nation’s top tax agency has a revenue target of about N19.4 trillion for this fiscal year.  FIRS’ recent decision to launch a new slogan is therefore strategically designed and aimed to promote a positive perception of tax compliance by emphasizing the benefits of simplifying the tax process and maximizing revenue.  According to the FIRS, the slogan;  “Simplifying Tax, Maximising Revenue,” emphasizes the benefits of compliance, hoping to influence taxpayer…

Donald Trump’s campaign has announced that it raised nearly $53 million through online small-dollar donations after his conviction in the New York hush money trial.  The campaign claimed that the verdict had significantly increased support for Trump, with reports that this record amount was equivalent to raising more than $2 million per hour.  Senior campaign officials, Chris LaCivita and Susie Wiles, emphasized that over a third of the total came from new donors, showing strong support from people across the country. In their statements, LaCivita and Wiles described the Thursday court decision as a “sham trial verdict” and noted that…

The Nigerian National Petroleum Company (NNPCL) Exploration and Production Limited and Natural Oilfield Services Limited Sunday said they have commenced oil production at Oil Mining Lease 13 in Akwa Ibom State. Spokesman of the NNPCL, Olufemi Soneye disclosed this in a statement. The NNPCL flagship upstream subsidiary had collaborated with NOSL, a subsidiary of Sterling Oil Exploration & Energy Production Company Limited, to produce more crude for Nigeria. According to Soneye, “The production, which commenced on May 6, 2024, with 6,000 barrels of oil is expected to be ramped up to 40,000 barrels per day by May 27, 2024.” He…

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji on Monday, called for the smooth transition of leadership positions in the Africa Tax Administration Forum (ATAF). Adedeji stated this while delivering his opening remarks at the ATAF Council Strategy meeting in Nigeria’s commercial city of Lagos. ATAF serves as an African network that aims at improving tax systems in Africa through exchanges, knowledge dissemination, capacity development and active contribution to the regional and global tax agenda. Speaking at the Lagos event, the FIRS chief executive said there is the need for a strong leadership in the…