Business

White Dove’s Pioneering Efforts in Alternative Crude Evacuation, A Differentiating Factor – CEO

Published

3 years ago

July 20, 2022

White Dove Shipping Company Limited has disclosed that its pioneering efforts in Alternative Crude Evacuation, which is mitigating crude theft and other losses arising from pipeline vandalism, has positioned it as the preferred local shipping operator for oil and gas companies in the country.

The company stated that despite the sector being capital intensive, it remained focused on its five-year strategic growth plan which would see it increase capacity from evacuating 50,000 bpd to 150,000 bpd.

Chiemezie Ejinima, the Chief Executive Officer of the company disclosed this in a virtual media chat with select maritime and energy reporters, where he stated that it intended to effectively cater to the crude evacuation needs of oil & gas players in the country.

He asserted that White Dove was able to create employment for Nigerians by seeing a subset of the shipping sector – crude evacuation – that wasn’t active and made it active, thus filling the gap in the value chain which was why it has over 90 percent local workers with plans to continue to grow the capacity of more local seafarers and maritime workers.

He said, “Our vessels are manned by Nigerians and we partner with the Nigeria Maritime Academy, Seafarers and other players to boost local expertise and capacity as we want to grow our local content to 100 percent in the nearest future’’.

He described the shipping sector as an important commercial sector, capable of employing thousands of Nigerians.

Ejinima explained that White Dove chose to focus on crude evacuation due to its huge economic potentials for the country, plus the need to make oil & gas companies get value for their investments, given that with the alternative crude evacuation, oil companies are assured of retaining their crude volumes from point of production to exportation.

“This will also boost the revenue accruable to the government as more royalties and taxes will be paid,” he added.

According to him, the huge capital intensive nature of the sector, characterized by high acquisition and operating costs, remains one of the major reasons why foreign shipping companies still dominate, but as supportive banks, provide access to funding, more local players can begin to thrive in the sector.

‘’White Dove came on board as a one-stop-shop due to the gap noticed in the traditional evacuation of crude oil through pipelines. The age and accessibility of pipelines for crude transportation led to breaches and vandalism, thus creating the need for an alternative evacuation system through barges tankers and other vessels.

‘’We came in to ensure proper crude evacuation from the point of production to the point of export and our various vessels and transportation mode help to ensure that oil producers can be certain about the quantity of their products end-to-end’’ he added.

Business

NNPCL Announces Restoration Of Escravos-Lagos Pipeline

Published

5 days ago

December 30, 2025

Editor

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.

Business

Dangote Unveils 10-day Credit Facility For Petrol Station Owners

Published

5 days ago

December 30, 2025

Editor

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.

Business

JUST IN: Otedola Sells Shares In Geregu Power For N1trn

Published

6 days ago

December 29, 2025

Editor

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.