Oil & Gas

Access Holdings Plc (“Access Holdings”) has announce that its banking subsidiary, Access Bank Plc (“the Bank”), has entered into a binding agreement with South Africa-based Bidvest Group Limited for the acquisition of a 100% equity stake in Bidvest Bank Limited (“Bidvest Bank”). A statement by Head, Media Relations, Access Holdings…

The Joint Task Force (JTF) South-South, operating under Operation Delta Safe (OPDS), has secured 95% of the Trans-Niger, Trans-Ramos, and Trans-Escravos pipelines within the past three months. Speaking at a press briefing in Bayelsa State on Wednesday, Rear Admiral John Okeke, Commander of JTF South-South Operation Delta Safe said through…

Chelsea all-but confirmed passage to the last 16 of the Conference League with a 3-1 win against Astana in Kazakhstan as Enzo Maresca handed full debuts to two academy graduates. Defender Josh Acheampong, 18, and 19-year-old midfielder Samuel Rak-Sakyi each played for the club at under-eight level and enjoyed comfortable…

The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirements, clarifying that its Early Exit Package (EEP) is entirely voluntary and without any negative repercussions for eligible staff. Speaking in Abuja on Wednesday, December 4, 2024, the Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, stated…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has insisted that the Old Port Harcourt Refinery is up and running, with loading operations in full swing. The Group Chief Executive Officer, Mr Mele Kyari, gave the confirmation at the commissioning of the NUPENG Towers in Lagos on Wednesday. In a…

Fisayo Soyombo, the founder of the Foundation for Investigative Journalism (FIJ), has reportedly been arrested and detained for three days by the 6 Division of the Nigerian Army in Port Harcourt. The Army has yet to disclose the reason for his arrest, which many on social media have described as…

Access Bank PLC has officially acquired Standard Chartered Bank Angola S.A. and Standard Chartered Bank (Sierra Leone) Limited. This development was disclosed in a statement signed by the Company Secretary, Sunday Ekwochi. The acquisition follows the July 2023 agreement between Access Bank and Standard Chartered Bank for the purchase of…

The NNPC Ltd’s new Executive Vice President, Upstream, Mr. Udobong Ntia, has called on upstream stakeholders in the nation’s oil and gas industry to strengthen corporate governance, transparency and efficiency in their operations. Speaking at the Upstream Governance, Risk, and Compliance Workshop in Lagos, with the theme “Enhancing Governance, Risk…

The Nigerian Communications Commission (NCC) has reminded all licensees of their obligation under the Licensing Regulations 2019 to update any changes to their contact information within seven days of occurrence. In a statement issued by the Director of Public Affairs, the NCC stressed that this requirement is essential for effective…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that there is no discrepancy between its crude oil production figures and those supplied by the regulatory agency, the Nigerian Upstream Petroleum Regulatory Company (NUPRC). The Company gave the clarification against the backdrop of reports in a section of the…