NNPCL revenue, profit soar to N5.08tn, N447bn in October
The Nigerian National Petroleum Company Limited (NNPCL) recorded a major financial jump in October, reporting revenue of N5.08 trillion and a profit of N447 billion. This performance has been described as one of the company’s strongest in recent months, reflecting improved operations, rising crude output, and better market conditions. The company says the strong numbers […]
Why Oil Companies Are Leaving Nigeria – PENGASSAN
Oil companies are steadily pulling out of Nigeria, and PENGASSAN, the union for senior oil and gas workers, says worsening insecurity is the main reason. On Monday, the group raised concerns that even with the Federal Government’s new efforts to lower costs, the real problem—violence and insecurity, especially in river areas—remains unresolved. They believe insecurity […]
Support staff embark on strike, shutdown Warri Refinery over poor condition of service
Support staff at the Warri Refining and Petrochemical Company (WRPC) in Delta State have gone on an indefinite strike, shutting down the refinery. They are protesting against what they call poor treatment by the company’s management. The protesting workers gathered at the company’s entrance in large numbers, blocking access to the facility. During the protest, […]
Fire Breaks Out at Dangote Refinery in Lagos (Video)
Fire has broken out at the Dangote Refinery in Ibeju-Lekki, Lagos State. Explosions were heard on Wednesday, followed by a major fire at the refinery located in the Ibeju-Lekki area of Lagos State. As of now, the Dangote group has not yet commented on the fire incident. Africa’s richest man, Aliko Dangote, recently revealed he […]