Category: Energy

‘Their Names, Their Roles,’ NNPC Ltd Appoints Eight Senior Mgt Officers

ADEOLA YUSUF

Following the appointment of the Group Chief Executive Officer and Board of Directors, the Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the appointment of a new 8-man Senior Management Team on Friday. Platforms Africa reports that this was contained in a statement by Olufemi O. Soneye, Chief Corporate Communication Officer. The team which would be headed by the GCEO, Mr Bashir Bayo Ojulari, has Rowland Ewubare as Group Chief Operating Officer; Adedapo Segun as Group Chief Financial Officer; and Olalekan Ogunleye as Executive Vice President Gas, Power &…

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‘Why We Did It,’ Seplat Energy Joins Extractive Industry Transparency Initiative

ADEOLA YUSUF

Nigeria’s leading indigenous energy company, Seplat Energy Plc, in 2024, became a registered EITI Supporting Company, reinforcing the Company’s commitment to transparency, accountability, and global best practices. This milestone was recognized on the EITI website and across its communications platforms. As an EITI Supporting Company, Seplat Energy promotes transparency in the extractive sector while contributing to the development of international governance standards, according to a statement by the energy Company on Thursday. This affiliation enhances corporate credibility, strengthens financial standing, and fosters greater engagement with governments, industry peers, and civil…

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‘N950/Litre In Abuja, N925/Litre In Lagos,’ NNPC Unveils Petrol New Prices

ADEOLA YUSUF

The Nigerian National Petroleum Company (NNPC) Limited has increased the price of premium motor spirit, also known as petrol, to N950 per litre in Abuja. Platforms Africa reports that the national oil firm raised the price of the product from the previous price of N880 per litre. At the NNPC retail outlet in Federal Housing, Kubwa, Salient Times observed that the price of the product rose by N70. In Lagos, the price of the product increased to N925 per litre — from N860 — at the Ago Palace Way and…

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20/48: Marinho To Ojulari, Tale of 20 Managing Directors In NNPC 48 Years’ History

ADEOLA YUSUF

With the appointment of Engineer Bayo Ojulari as the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), the number of helmsmen at the multi-billion dollars oil company hit 20. Bayo Ojulari; 10 Quick Facts About NNPC Ltd New GCEO Mele Kyari Sacked, Ojulari In As Tinubu Stirs Major Shakeup At NNPC Platforms Africa presents the full name and tenure of the twenty oil men that have sat at the most coveted seat at the NNPC. 1. Remilekun Marinho (1977-1980) 2. Odoliyi Lolomari (1980-1981) 3.…

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Bayo Ojulari; 10 Quick Facts About NNPC Ltd New GCEO

ADEOLA YUSUF

  + Targets For Bayo, Immediate goals Tinubu set for the man that replaced Mele Kyari    President Bola Ahmed Tinubu on Wednesday announced the appointment of Bashir Bayo Ojulari as the new Group Chief Executive Officer for the Nigerian National Petroleum Company Limited (NNPC Ltd). The appointment, which took effect immediately led to the sack of Mallam Mele Kolo Kyari. Platforms Africa presents 10 quick facts to know about Engineer Bayo Ojulari 1. Ojulari, the new NNPC Limited Group CEO, hails from Kwara State. 2. Until his new appointment,…

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Mele Kyari Sacked, Ojulari In As Tinubu Stirs Major Shakeup At NNPC

ADEOLA YUSUF

  President Bola Tinubu has sacked the board of the Nigerian National Petroleum Company (NNPC) including its Group Chief Executive Officer, Mele Kyari and board chairman Pius Akinyelure. Platforms Africa reports that the sack was announced by presidential spokesperson Bayo Onanuga in an early Wednesday morning statement posted on X. “President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023,” Mr Onanuga wrote. Mr Kyari was first appointed NNPC chief by former President Muhammadu Buhari but was reappointed in 2023 by President Tinubu. A Child…

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60% Manufacturers Forced Off-Grid By Unreliable Power Supply – Adelabu

ADEOLA YUSUF

Nigeria’s power crisis has reached a critical point, with over 60% of manufacturing companies in the country forced to disconnect from the national grid. These businesses have turned to self-generation to meet their energy needs, driving up production costs and making Nigerian goods increasingly uncompetitive on the global market. This alarming revelation was made by the Minister of Power, Adebayo Adelabu, during the unveiling of the National Integrated Electricity Policy (NIEP) and the Integrated Resource Plan (IRP), in collaboration with the United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF). Adelabu warned…

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Tinubu Make Four Fresh Appointments Into NCDMB Governing Council

ADEOLA YUSUF

President Bola Ahmed Tinubu has approved the nomination of four new members to the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB), reinforcing the board’s capacity to drive local content growth in Nigeria’s oil and gas industry. This was contained in a statement on Thursday by Special Adviser to the President on Information and Strategy, Bayo Onanuga. The new members include Mr. Olusegun Omosehin from the National Insurance Commission (NAICOM) and Engr. Wole Ogunsanya of the Petroleum Technology Association of Nigeria (PETAN). Also appointed are Mazi Sam…

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How Nigeria Can Fully Realise Post-Fuel Subsidy Benefits – MEMAN

ADEOLA YUSUF

‘Amid Industry Challenges,’ Everything Clement Isong said at a Press Engagement on ‘Refining Basics, Gasoline Pricing And Trade Flows In Nigeria.’   The Major Energies Marketers Association of Nigeria (MEMAN) has reaffirmed that, despite ongoing debates and challenges, the implementation of the Petroleum Industry Act (PIA) remains on track. Platforms Africa reports that MEMAN stressed that these discussions are a normal aspect of the shift toward a deregulated, market-driven energy sector. The group made this known during its Q1 2025 Press Training & Engagement, held in Lagos on Wednesday, March…

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‘In Three Months,’ DisCos Rake In ₦509.84 Billion From Customers

ADEOLA YUSUF

‘Eko (90.00%), Ikeja (82.63%), Others,’ who-collected-what details NERC gives about the 2024 Q4 fiscal The eleven electricity distribution companies in Nigeria raked in N509.84 billion in the last quarter of the year 2024. Platforms Africa reports that the Nigerian Electricity Regulatory Commission (NERC), which declared this in its “Quarterly Report 2024,″ maintained that the development translated to a collection efficiency of 77.44%. The revenue on token and post-paid billing in the three months of October, November and December 2024 is out of the N658.40 billion that was billed to customers…

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