By Jemimah Wellington, JKNewsMedia Correspondent ADEBAYO ADELABU has resigned from his position as the Minister of Power and has proposed the creation of a Coordinating Minister for Energy in a letter addressed to President Bola Tinubu, stating that his decision takes effect on April 30, 2026, as he prepares to pursue the Oyo State governorsh...
By Joyce Eyaba, JKNewsMedia Reporter STRONG FINANCIAL financial performance marked the Nigeria National Petroleum Corporation (NNPC) Limited’s latest full-year results, with the company reporting a Profit After Tax of N5.4 trillion on revenue of N45.1 trillion for 2024. The figures, presented during an earnings call with analysts, were descri...
By Jemimah Wellington, JKNewsMedia Correspondent FIRM GROWTH in revenue has been declared by the Nigerian National Petroleum Company (NNPC) Limited, with figures for August 2025 reaching N4.655 trillion, compared to N4.406 trillion recorded in July. The company’s Monthly Report Summary for August, released on Friday, showed that Profit After ...
By Jemimah Wellington, JKNewsMedia Correspondent REFINERY OPERATIONS at Dangote Group have entered a new phase with the appointment of David Bird, former Shell and OQ8 executive, as Chief Executive Officer (CEO) of Dangote Petroleum Refinery and Petrochemicals, the company announced on its X handle. The company also confirmed the leadership c...
By Jemimah Wellington, JKNewsMedia Reporter MULTI-TRACK efforts to overhaul Nigeria’s power infrastructure advanced this week with the Federal Government signing a $328,818,916.99 contract with China Machinery Engineering Corporation (CMEC) for high-voltage transmission upgrades. Simultaneously, Siemens-supplied transformers and mobile substa...
