News

NNPC/NPDC Target Production Of 500,000 Barrels Of Liguefied Natural Gas Per Day

Published

6 years ago

August 19, 2020

Editor

The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Engineer Mele Kyari, Wednesday disclosed that the company is aiming at producing 500, 000 barrels of liguefied natural gas per day for domestic consumption.

The Group Managing Director made this disclosure during an inception tour to Oredo Integrated Gas Handling Plant Facility, IGHF, belonging to NPDC in Ologbo, Edo State, to ascertain the level of completion of the facility.

Nigerian Petroleum Development Company, NPDC, is a subsidiary of the NNPC.

He added that after the completion, Nigeria will be sufficient in Liquefied Petroleum Gas, LPG, stressing that the facility was awarded in 2015 but commenced work in 2017, and will be completed October this year.

According to him, the production of 500, 000 barrels per day would be achieved in the next two years, just as he added that series of projects and activities have been lined up to achieve this.

He noted that NPDC was producing about 136, 000 barrels per day, but with improvement, the company is now producing 260,000 barrels per day, just as he described it as magnificent level of growth in the upstream company.

“A year ago, NPDC was producing about 136 000 barrels per day, but today, we are producing 260, 000 barrels per day. This is a very magnificent level of growth in any upstream company, and our target is to take this company to production level of 500, 000 barrels per day.

“This is possible within two years. We have lined up series of projects and activities in this regards. Today, we have the highest number of rings running in this country. Five rings runing at the same time, adding incremental value, and delivering major projects which will ultimately take to producing that 500 000 target,” he said.

He further disclosed that NPDC, being an indigenous company, contributes about a billion standard cubic feet of gas production to the entire mix of production, adding that majority of it goes into the domestic market.

Kyari said with the support and alignment of stakeholders particularly President Muhammadu Buhari, NPDC would be rated as the number one upstream company in the nation.

Mele Kyari, NNPC GMD signing out from the facility on Wednesday.

“NPDC is a company 100 percent owned by Nigeria, and we are delivering it to be number one upstream company in this country.

” With the support and alignment of all the stakeholders particularly the support we are getting from President Muhammadu Buhari, we are delivering this company (NPDC) as the number one upstream company.

” We are optimistic that gas will now be delivered without interruption into the domestic market; supply of crude oil to the international market by our own company and through our own control will be justified.

“Today, the largest contributor of gas to the domestic market particularly power sector is NPDC. This is a national responsibility and a commercial venture with a national outlook,” he noted.

Earlier, Mansur Sambo, Managing Director, NPDC, said after the completion, not less than 250,000 metric tons will be coming to the domestic market, and that at least 18 to 20 trucks of LPG will be rolled out from the facility on daily basis.

Sambo said, “ On a daily basis, we will be doing between 18 and 20 trucks of LPG, and then we have propelled, as well, we will be having around 15 and 20 in total. We will be delivering about 40 trucks of LPG. That is what translates to the 250,000 metric tons that will be coming to the domestic market.

Sambo assured that with the plant, gas would now be delivered without interruption into the domestic market.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

3 hours ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

3 hours ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

5 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.