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How NNPC, under Kyari, outmaneuvered low prices during pandemic without cutting jobs

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For Mele Kyari, it will be two years in the saddle as the Group Managing Director (GMD) of the NNPC, a period that has tried his guts and gusto.
The geologist was appointed in 2019 to manage the state-run oil Corp and average oil price when he was given the responsibility to run NNPC was $56.99 per barrel.
His jobs were immediately cut out: manage the corporation’s fiduciary responsibilities to Nigeria in the midst of the volatile and keep it afloat regardless.
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Indeed, Kyari’s selection to head the NNPC was roundly applauded by his colleagues in and out of the corporation. ....

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How NNPC, Under Kyari, Outmaneuvered Low Prices During Pandemic Without Cutting Jobs

How NNPC, Under Kyari, Outmaneuvered Low Prices During Pandemic Without Cutting Jobs
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NNPC concludes week with activation of PH refineries rehabilitation

By Edith Ike-Eboh & Emmanuel Afonne
Abuja, May 9, 2021 (NAN) The Minister of State for Petroleum Resources, Chief Timipre Sylva, bagged the Gas Decade personality award by the Oil and Gas Trainers Association of Nigeria (OGTAN), to mark the beginning of activities for the week at the Nigerian National Petroleum Corporation (NNPC).
The award ceremony which took place in Abuja was in recognition of the Minister’s lead role in revolutionalising and opening up the country’s gas sector.
President of OGTAN, Dr Mayowa Afe, commended Sylva’s dedication and innovation towards the Federal Government’s Gas initiatives and policies.
“We are here to acknowledge what you have done for this country. You have brought sanity to the Petroleum Industry; you have also declared Nigeria, on behalf of the President, a gas-based Nation.” ....

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Exploiting potentials of LNG in addressing development challenges of Nigeria

By Edith Ike-Eboh
“In my salon and Spa, I spend on a daily basis, between N7,000 and N10,000, on petrol to keep my business running. It is tough but I am optimistic that one day power supply will improve in the country to help me grow my business,” says Mrs Victoria Justice, a Stylist and an entrepreneur in Kubwa, an outskirt town in the Federal Capital Territory, Abuja.
Justice is one among many young small business owners who battles to keep their businesses afloat because of the high cost of running their operations and activities, occasioned by poor electricity supply. ....

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A Review of Nigeria's Oil and Gas Industry in 2020

By Solomon Asowata
The year 2020 has undoubtedly been one of the most difficult years for the oil and gas industry globally in the last few decades.
It saw the Coronavirus pandemic grip nations across the globe, necessitating countries and states to lock down their borders for some time, thereby preventing movement of persons, goods and services for months unless under special circumstances.
This restriction of movement affected many sectors of the economy, but one of the worst hit was the oil and gas industry which fuels mobility of mankind and businesses across the globe.
With a sharp drop in air and land movement, the demand for Jet A1 (Aviation fuel) , Diesel and Premium Motor Spirit (PMS) also known as petrol declined drastically. ....

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