Browsing Tag
Nigeria Energy sector
3 posts
Oando Plc Surges Back to Profit, Posts ₦74.7 Billion Profit After Tax
Oando Plc, Nigeria’s leading indigenous energy giant, has recorded a remarkable turnaround in its financial performance for the fiscal year ending December 31, 2023, reporting a Profit After Tax (PAT) of ₦74.7 billion.
This shift to profitability is a substantial … Continue Reading
We have No plans to leave Nigeria – ExxonMobil
In a recent meeting with the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, ExxonMobil’s Managing Director, Shane Harris, has dispelled rumors of the oil major’s departure from Nigeria. Harris assured the minister that ExxonMobil is actively investing … Continue Reading
Nigeria’s $200 Billion Plan: Boosting Energy and Investments in Oil and Gas
The Federal Government of Nigeria has expressed concern over the country’s energy crisis, with over 76 per cent of its gas reserves remaining undeveloped.
This revelation came during the inauguration of the Governing Council of the Midstream and Downstream Gas … Continue Reading