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OAU, Others To Benefit From Duport Midstream Internship

Published

4 years ago

February 25, 2022

25DNL data centre

By Joseph Kanjo, Benin

Obafemi Awolowo University, OAU, Ile-Ife and five other top Nigerian universities are to benefit from internship of Duport Midstream Company Limited (DMCL), an energy park, as soon as the company kicks start operation.

Dr. Akintoye Akindele, the Chief Executive Officer of the company who made the disclosure during an inspection tour of the facility alongside other partners in Egbokor, Orhionmwon Local Government Area of Edo State, said 100 students drawn from Engineering departments, OAU, would be taken for internship as soon as the company kicks off operation, April, 2022.

According to him, second phase of the internship would accommodate six hundred students of Engineering departments from six top Nigerian universities, adding that they would be renumerated based on the nation’s minimum wage.

L-R: Kunle Soriyan, CEO, Africa House; Dr Benedicta Oyiana, Partner, Platform Capital; Lerato Molebasti, board bember, Platform Capital South, Africa; Tosin Odunsanya, Director, Duport Midstream; Kenny Nwosu, CEO Norsad Capital; Teshome Nkrumah, Deputy High Commissioner, Canadian High Commission; Dr Akintoye Akindele CEO, Duport Midstream, Oteng Sebonego, Investment Director, Norsad Capital; Gregory Georges, CEO, West Indies Oil Company, Antigua; ,Adeola Ajibade, Partner, Platform Capital South Africa; Prof. Eyitope Ogunbodede, Vice-Chancellor OAU; Prishani Satyapal, Partner, Platform Capital; Shakti Satyapal, Director, Sustainability Truthing; Dr. A. S. Osunleke, Lecturer, OAU; Oludare Odejobi Ag. HoD. ,OAU; Tomi Amosun, CEO, Summit Oil; Samantha Petersen, board member, Platform Capital South Africa; Oje Ologun, Sector Head, Oil & Gas Access Bank Plc, and Dr Ogho Okiti, Managing Director, BusinessDay newspaper

The CEO who took partners of the company during the tour to various units of the company, said the first phase of the facility, which has a modular refinery operations, gas processing facility, data centre and power plant, would commence operation by April 2022.

“We are proud to announce to give 100 students internship every year to experience this project. For a start, we will offer internship programme to 100 students from Obafemi Awolowo University, Ile-Ife and their emoluments will be based on minimum wage and will be housed in the staff’s quarters. (Sic)

“Afterwards, it will be extended to top six universities across the country, amounting to 600 students per annum,” Akindele said.

Akintoye Akindele, CEO, Duport Midstream (Left) and Prof. Eyitope Ogunbodede, Vice-Chancellor, OAU, during the inspection.

He added that the project has over 70 percent local content with 95 percent total workforce being Nigerians.

“This is an energy park from a point of view of all the sources such as gas, power, oil and then added data centre technology.

“We have fused old industry of energy and new of technology to create a carbon-accretive, modern day business that not only impart environment positively, create jobs and also boost confidence of local engineers. (Sic)

“Hundreds of millions of dollars have gone into this project and this is 99 percent locally funded by government through the Nigerian Content Development Board (NCDMB), by bankers through the First City Monument Bank (FCMB), Union Bank, Zenith Bank and Polaris bank. percent of that funding has been local shareholders.”

Prof. Eyitope Ogunbodede, Vice-Chancellor of Obafemi Awowolo University, while expressing gratitude to Duport, said the institution is ready to work with the firm.

“I am here as the Vice-Chancellor to represent the management, staff and students to say thank you to the partners of this project. We believe there are mutual benefit we can drive from this partnership.

“We are looking forward to a time when our students will be here to enjoy the good things happening to Nigerian students. We are not only talking of our students, our staff will also want to be here to see how they can work with the company,” Ogunbodede said.

Partners present during the inspection are: Tomi Amosun, Chief Executive Officer, Summit, South Africa; Teshome Nkrumah, Deputy High Commissioner, Canadian High Commission; Prishani Satyapal, board member, Platform Capital, South Africa; Matthew Pratt, Norsad Capital, South Africa;

Dr. Akintoye Akindele (right) explaining operation of the company to some of the partners.

Others are: Lerato Molebasti, member, Platform Capital, South Africa; Samantha Petersen, Platform Capital, South Africa; Adeola Ajibade, Partner, Healthcare and South Africa, Platform Capital and Shakti Satyapal, Director, Sustainability Truthing, South Africa.

Related Topics:OAU Prog. Eyitope Ogunbodede

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NNPCL Announces Restoration Of Escravos-Lagos Pipeline

Published

5 days ago

December 30, 2025

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The Nigerian National Petroleum Company Limited (NNPCL) has announced the complete restoration of the Escravos-Lagos Pipeline System (ELPS) in Warri, Delta State, following the recent explosion on the asset.

The chief corporate communications officer (CCCO) of the nation’s oil company, Andy Odeh, in a statement, said that the pipeline is fully operational, reiterating the company’s resilience and commitment to energy security.

“NNPC Limited is pleased to announce the successful restoration of the Escravos-Lagos Pipeline System (ELPS) in Warri, Delta State.

“Following the unexpected explosion on December 10, 2025, we immediately activated our emergency response, deployed coordinated containment measures, and worked tirelessly with multidisciplinary teams to ensure the damaged section was repaired, pressure-tested, and safely recommissioned.

“Today, the pipeline is fully operational, reaffirming our resilience and commitment to energy security. This achievement was made possible through the unwavering support of our host communities, the guidance of regulators, the vigilance of security agencies, and the dedication of our partners and staff.

“Together, we turned a challenging moment into a success story, restoring operations in record time while upholding the highest standards of safety and environmental stewardship.

“As we move forward, NNPC Limited remains steadfast in its pledge to protect our environment, safeguard our communities, and maintain the integrity and reliability of our assets. Thank you for your trust as we continue to power progress for Nigeria and beyond,” the statement read.

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Dangote Unveils 10-day Credit Facility For Petrol Station Owners

Published

5 days ago

December 30, 2025

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The Dangote Group has announced a 10-day credit facility backed by a bank guarantee for petrol station owners and dealers, alongside free direct delivery and other incentives, as part of a new supply arrangement.

The company disclosed this in a statement posted on its official X handle on Tuesday, inviting petrol station operators across the country to register to benefit from the offer.

According to the statement, participating dealers will enjoy “a 10-day credit facility backed by a bank guarantee,” with a minimum order requirement of 5,000 litres.

“Our free direct delivery service will commence soon,” the group said, adding that the offer is open to “all petrol station owners and dealers.”

The Dangote Group further called on operators to register their stations to access the supply arrangement.

“Register your petrol stations today to benefit from our competitive gantry price,” the statement read.

The company also disclosed that petrol supplied under the arrangement will be sold at a gantry price of ₦699 per litre.

For enquiries, the group provided the following contact numbers: 0802-347-0470, 0809-324-7070, 0809-324-7071 and 0203.

The announcement follows a recent petrol price adjustment by the Dangote Petroleum Refinery.

The PUNCH earlier reported that the refinery reduced its ex-depot petrol price from ₦828 to ₦699 per litre, representing a ₦129 cut or a 15.58 per cent reduction.

An official of the refinery, who spoke to PUNCH Online on condition of anonymity, confirmed the adjustment, saying, “The refinery has reduced petrol gantry price to ₦699 per litre.”

The new price reportedly took effect on December 11, 2025, marking the 20th petrol price adjustment announced by the refinery this year.

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JUST IN: Otedola Sells Shares In Geregu Power For N1trn

Published

6 days ago

December 29, 2025

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Billionaire businessman, Femi Otedola, has sold his majority stake in Geregu Power Plc for N1.088 trillion in a deal financed by a consortium of banks led by Zenith Bank Plc.

The Nigerian Exchange, NGX, made this announcement on Monday.

Otedola’s Amperion Power Distribution Company Ltd reportedly held nearly 80 percent of the power generating company.

With this new development, Otedola, Chairman of First Holdco Ltd, parent company of First Bank of Nigeria Plc, will reportedly now concentrate on expanding his interest in the Nigerian banking sector, although he still retains some shares in Geregu.

Otedola is said to currently own 17.01 percent of First Bank — its single largest shareholder since the bank was established in 1894.