Major oil marketers across the country have revealed that there’s going to be a possible increment in the price of the Premium Motor Spirit once the ex-dept price fixed by the Petroleum Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Company (NNPC) changes on the back of rising global crude price. Currently,…
…as case shifts to Court of Appeal By Ikechukwu Nnochiri A High Court of the Federal Capital Territory, on Wednesday, sacked the executive officers of the Nigerian National Petroleum Corporation, NNPC, Staff Multipurpose Cooperative Society. The court, in a judgement that was delivered by Justice Charles Agbaza, nullified an election the Cooperative held in June
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As the world celebrated international women’s day on March 8, with the theme ‘Choose to Challenge’, the low representation of women in the oil and gas sector was a sore point. Companies like Lekoil are seeking to address this gap with more women filling their management position. It recently appointed Aisha Mohammed-Oyebode as Chairman. By […] Read Full Story
Oil demand is expected to take two to four years to return to 2019 levels, depending on the duration of lockdowns and the pace of GDP recovery, forecasts by McKinsey and Company, a leading management consultancy firm, shows. “Based on our Global Energy Perspective reference-case demand insights, current OPEC+ intervention will be sufficient to help […] Read Full Story