The Board of Directors of Seplat Energy Plc today announces the appointment of Dr. Emma FitzGerald as an Independent Non-Executive Director of the Company, joining the Seplat Board with effect from 1st August 2021. Dr. FitzGerald replaces Lord Mark Malloch-Brown who retired from the Board of the Company. Dr. FitzGerald is a seasoned executive in Energy & Water, with hands-on experience in transformation through her many years of working at Shell, ranging from building its lubricants business in China to running its Global Retail network. From 2007-2010, she was accountable for Shell’s Downstream strategy and played a key role in…
Author: Temitope N.
The representative of Ekeremor Constituency 2 in the Bayelsa State House of Assembly, Wilson Ayakpo Dauyegha, has tackled alleged negligence of his community by the Bayelsa Oil Company Limited (BOCL), of not carrying out its statutory Corporate Social Responsibilities (CSR). Dauyegha, in a statement, yesterday, added that despite the goodwill enjoyed by BOCL, it abysmally failed to reciprocate the gesture. The Deputy Minority Leader, however, hailed the Federal Government for awarding the Atala Oil Field to an indigenous oil exploration company, adding that any other decision would have been perceived as utter neglect towards the interest of the host communities.…
World energy giant, Shell, has named Elohor Aiboni as the Managing Director of its Nigeria deep-water business, Shell Nigeria Exploration and Production Company Limited (SNEPCo), with effect from 1st August 2021. Elohor is the first female to lead a Shell exploration company in the over 60 years of Shell’s operations in Nigeria. She succeeds Bayo Ojulari who retired on 31st July 2021 after five years as SNEPCo’s MD and over 30 years of service in the Shell group. Until this appointment, Elohor was the Bonga Asset Manager responsible for overseeing end-to-end production delivery for Nigeria’s pioneer deep-water Floating Production, Storage…
The Ogun State Commissioner for Industry, Trade and Investment, Mrs. Kikelomo Longe, has assured that the state will maintain its leadership position as preferred investor destination in Nigeria, as can be confirmed by recent data from the Nigerian Investment Promotion Council (NIPC). NIPC in its recent report showed that 30 percent of the total investments in Nigeria was in Ogun State with $500 million new investments, the highest in the country for the second quarter of 2021. Mrs. Longe who dropped the hint while speaking with news men in Oke-Mosan, Abeokuta, said the present administration would continue to implement business-friendly…
The Dangote Cement, has posted a Profit After Tax (PAT) of N191.6 billion, after a tax charge of N89.6 billion in its unaudited results for the half year ending on June 30.The Group Managing Director, Dangote Cement, Mr Michel Puchercos, said this in a statement on Sunday in Lagos.Puchercos said that the company’s resilient results for the six months ending on June 30, was as a result of the group sales volumes which hit 15.3Mt.“In the period under review, Nigerian operations of the company accounted for a sales volume of 9.87 Mt, while pan African operations contributed the balance of…
Lagos, the Federal Capital Territory and 14 other states reported 558 new cases of COVID-19 on Thursday, according to the figures released on Friday by the Nigeria Centre for Disease Control. The agency also reported two COVID-19 related deaths. The NCDC disclosed this on its official website on Friday. According to NCDC, the 558 new cases were recorded from Lagos, FCT, and 14 other states. Lagos with the the highest numbers for new infections reported 376 new cases Oyo – 33, Akwa Ibom – 26, FCT – 22, Imo – 15, Bayelsa – 13, Ekiti – 13, Kano – 12,…
Nigeria’s pharmaceutical manufacturing sector is going through a tough time, according to the Association of Industrial Pharmacists of Nigeria. The pharmaceutical sector, the association said, is facing serious challenges of infrastructure deficits that players in the industry require government support and intervention to surmount. Speaking, the immediate past National Chairman of the NAIP, Ignatius Anukwu, said the decision of the industrial pharmacists to partner with the Ebonyi State Government in its push for the establishment of pharmaceutical manufacturing parks was prompted by the quest to overcome some of the serious infrastructural challenges facing the industry. According to Anukwu, while the…
The need for Africa and indeed Nigerian women to bridge the gap and compete favourably with their counterparts in the western world through maximising opportunities and exposure to local markets has been emphasised. Experts said that women having the right skills and competency, would make them acquire the global competitive edge most international firms look out for. This was the submission of a group, referred to as ‘Women in Agile’, which seeks to bridge gaps and create platforms for women’s voices, by providing a path to support and amplify a diverse and empowered community. Explaining more on what the group…
Oil major, TotalEnergies, has restated the firm’s commitment to youth empowerment in a bid to realise Sustainable Development Goals (SDGs) and address rising poverty in the country. The oil major noted that education, youth entrepreneurship and inclusion are key to achieving the United Nations Sustainable Development Goals (SDGs) and eradication of poverty in Nigeria. Executive General Manager, Total Country Services, Mrs Bunmi Popoola-Mordi, during a virtual media briefing affirmed Total’s commitment to national development and attainment of the SDGs through various corporate social responsibility (CSR) programmes across the country. She said the CSR support was being driven by four pillars…
Plans by the Federal Government to end gas flaring through a commercialisation arrangement has remained in limbo as the global price of natural gas witnessed over 60 per cent increase. The price stability may indeed push the price to almost the same amount the commodity last traded in 2018, thanks to blue hydrogen and reduction in the impact of COVID-19 pandemic. The Minister of State for Petroleum Resources, Timipre Sylva, in May, said the Federal Government would award licenses under the Nigerian Gas Flare Commercialisation Programme (NGFCP) to qualified bidders as part of efforts to end gas flaring in the…
Experts have expressed concerns over the energy outlook in Africa as the United Nation Development Programme (UNDP) stated that investment in renewable energy increased by two per cent to $303 billion in 2020. Speaking at a virtual programme organised by the United Nations Educational, Scientific and Cultural Organization (UNESCO) Chair on Energy for Sustainable Development at the Politicnico Di Milano, in Milan, Director, UNDP Rome, Musonda Mumba said over 759 million people are still without access to electricity, globally as 2.6 billion people have remained without access to clean cooking solutions. Canvassing innovative ways to address energy poverty in 2018,…
Lagos State Government has said human resource development and capacity building are crucial to achieving its development agenda, known as T.H.E.M.E.S. As a result, the state government, in a statement, said it would continue to invest in capacity building of its workforce to ensure the success of its various development initiatives, adding that civil servants, as drivers of government development policies are partners in progress. Special Adviser to Governor Sanwo-Olu on Education, Tokunbo Wahab, stated this at a closing ceremony of a three–day capacity building retreat organised by the Office of the Special Adviser on Education (OSAE) for Management Staff…
•We’ll develop a national BDC policy, says ABCON The Central Bank of Nigeria (CBN) has commenced the process of refunding licensing fees and capital deposits to promoters of bureau de change, whose registrations were being processed before Tuesday’s announcement. The apex bank had, on Tuesday, announced the suspension of funding of BDCs and registration of new ones, accusing them of money laundering and other anti-market activities. In a circular, yesterday, the apex bank said it “will commence the immediate refund of capital deposits and licensing fees (where applicable) to promoters who have pending bureau de change (BDC) licence applications with…
The Nigerian Association of Petroleum Explorationists (NAPE) has expressed confidence that the future of oil and gas exploration is bright amid the global energy transition. The president, NAPE, Mrs. Patricia Ochogbu, said petroleum exploration is not all about oil, but also about gas even as the Minister of State for Petroleum Resources, Timipre Sylva declared the next 10 years as a decade of gas. Ochogbu stated this on the sidelines of its special technical session in honour of the Executive Director Exploration, First E&P, Dr. Emmanuel Enu in Lagos. According to her, the Federal Government must urgently create the necessary…
Amazon said Thursday second-quarter profit jumped 48 percent from a year ago to $7.8 billion, but shares in the tech and e-commerce giant fell on a disappointing revenue number. Total revenues increased 27 percent to $113.1 billion, below most Wall Street forecasts, sparking a slide of some seven percent in after-hours trading. Amazon chief financial officer Brian Olsavsky said on an earnings call that a reason for missing revenue expectations appeared to be vaccines giving people the confidence to get back into action in the real world. “Not only shopping offline but also living life and getting out,” Olsavsky said.…
A Consultant Gastroenterologist at Obafemi Awolowo University Teaching Hospital Complex (OAUTHC), Ile-Ife, Dr. Adesegun Adekale, has urged Federal Government to prioritise the treatment of hepatitis from birth. He gave the advice in an interview with the News Agency of Nigeria in Ile-Ife, Osun State, on Thursday, to commemorate the World Hepatitis World. NAN reports that WHD is observed each year on July 28 to raise awareness on viral hepatitis, an inflammation of the liver that causes severe liver disease, and has ‘Hepatitis Can’t Wait’ as the theme for 2021. The liver disease, commonly caused by a viral infection, but there…
The Delta State Government has appropriated N50 million to boost family planning in the state this year. The News Agency of Nigeria reports that the appropriation is coming on the heels of the withdrawal of The Challenge Initiative from a four-year-old family planning programme in which it served as facilitator. TCI is owned by the US-based Johns Hopkins Centre for Communication. At a valedictory session on Wednesday in Asaba to mark TCI close-out meeting with Delta State, Dame Edith Okowa, the wife of the State Governor, pledged to sustain the programme. Represented by the Permanent Secretary, Ministry of Health, Dr.…
Reportedly, the benefits of nanotechnology include energy-efficient products such as fuel and solar cells, improvements in manufacturing that allow for durable, light-weight, efficient production tools, while leading advances in disease treatments, such as cancer, better imaging and diagnostic equipment. The technology, which is yet to receive needed adoption in countries like Nigeria can also address environmental and agricultural challenges. Speaking at the 4th African Nano Conference, which was organised by the University of Nigeria, Nssuka, Onu insisted that the growing application of nanotechnology across the world could leapfrog Nigeria’s industrial projections across different sectors of the economy. The minister noted…
Emirates Airline has extended the suspension of its flights from Nigeria to the United Arab Emirates to at least August 7.The initial suspension of flights was scheduled to end on July 31. Suspension of flights from South Africa to UAE will also remain in place until the same date. “Affected flight bookings have been cancelled,” the airline said in a statement on its website. Emirates said its decision was in line with the UAE government’s directives restricting entry to travellers originating from the two countries. Those who have travelled through South Africa and Nigeria in the last 14 days will…
Royal Dutch Shell on Thursday logged bumper second-quarter profits as oil prices recovered from Covid fallout, and rewarded investors with a buyback and dividend hike.Net profit hit $3.4 billion (2.9 billion euros) in the three months to the end of June, the Anglo-Dutch energy major said in a results statement. That contrasted sharply with a colossal loss of $18.1 billion last time around, when it made massive asset writedowns due to the Covid-ravaged oil market. The performance was boosted by “higher realised oil prices, one-off favourable tax impacts, higher marketing margins and lower operating expenses”, the group added. Shell had…