Author: Rareview

By PR The NNPC Ltd has flagged off the third edition of the Vision First Programme, as part of comprehensive community-focused healthcare outreach targeted at the Ilaje community and its environs in Bariga, Lagos State.   The Vision First programme is a continuation of NNPC Ltd/ SNEPCo Production Sharing Contract (PSC) commitment to advancing health and well-being within its host communities. Through this initiative, over 1,000 individuals will receive free eye care services, alongside a range of general healthcare provisions. The services include cardiovascular screening, BMI assessments, laboratory services, consultations, treatment of mild and chronic diseases, and distribution of insecticide-treated nets.  Since its inception, the Vision First programme has made a si...

By Els William Geometric Power, Nigeria's leading integrated electricity group, has raised concerns over the severe shortage of natural gas affecting its 188-megawatt plant in the Osisioma Industrial Estate, Aba, Abia State, citing its impact on the state's economic growth. Ugo Opiegbe, Managing Director of Aba Power, Geometric Power’s embedded electricity distribution company, stated, "Due to the grave shortage of gas, we have been forced to import 25 megawatts from the Niger Delta Power Holding Company (NDPHC) at a significant cost, just to ensure our customers receive power, regardless of the financial burden on us." Opiegbe further explained, "It is a supreme irony that, although we are capable of generating 141MW from our three General Electric (GE) turbines and providing uni...

By Ali Elias NNPC Ltd has responded to a statement by Paul Ibe, Media Adviser to former Vice President Atiku Abubakar, which accused the company of being controlled by "corporate cabals" linked to President Bola Ahmed Tinubu. The statement also alleged that NNPC's recent acquisition of OVH was part of a plan to integrate the President's personal business interests into public enterprises. In its response, NNPC Ltd refuted these claims, emphasizing that its decisions are based purely on commercial viability and national interest, and clarified that neither President Tinubu nor Mr. Wale Tinubu has any stake in the OVH acquisition. The statement, signed by Femi Soneye, the Chief Corporate Communications Officer of the company, reads: The attention of NNPC Ltd has been drawn to a press r...

…Targets 2mbpd Crude Oil Production By Dec 2024 By PR The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion (28%) when compared to the 2022 profit of N2.548trillion. In a world press conference held at the NNPC Towers in Abuja on Monday, the Chief Financial Officer of the Company, Mr. Umar Ajiya said the release of the AFS is a testament to the Company’s commitment to transparency and accountability.  “Our fiscal performance reflects both strategic foresight and operational resilience. Despite inherent challenges of our operational and economic environment, we have improved...

2nd Right: Esueme Dan Kikile Esq. By PR The Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010 and its astonishing success in resetting oil and gas industry spending and in-country capacity development was the fulcrum of a presentation by the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, in Windhoek, Namibia, on Wednesday. Speaking on the theme “Local Content and Sustainable Inclusive Economic Growth” at the 2024Namibia Oil and Gas Conference, Engr. Ogbe noted that recent discoveries of hydrocarbon deposits have increased the oil and gas reserves of the continent to about 126 billion barrels of oil and about 614 trillion cubic feet of gas. He pointed out that the adopti...