Landman Times

08/05/2022

Davido to pull up soon in Osun State as the 2022 gubernatorial election draws closer

08/05/2022

Former President of the Nigerian Senate, Dr. Bukola Saraki, on insecurity.

08/05/2022

Politicians across the country are gearing up for the top job in Nigeria. So far, about 17 aspirants have picked the All Progressives Congress (APC) N100 million presidential form. Also, about eight aspirants in the main opposition People's Democratic Party (PDP) have picked the presidential from. However, a columnist think Nigerians are ignoring the big questions on issues around security, economy, education, and health.

08/05/2022

Do you agree with him?

01/02/2022

http://landmantimesng.com/nnpc-positioned-to-lead-africa-in-energy-transition/

…seeks transition that addresses poverty The Nigerian National Petroleum Corporation (NNPC) Limited on Monday gave an account of how it has positioned to lead Africa in energy transition. According to the Chief Executive Officer and Group Managing Director, Malam Mele Kolo Kyari, the Corporation h...

15/01/2022

http://landmantimesng.com/ncc-boss-danbatta-to-deliver-fountain-universitys-convocation-lecture/

Apparently spurred by the vision, objectives and successes of policies, progranmmes and projects instituted by the Nigerian Communications Commission (NCC) to bridge the digital divide and encourage the youth to harness derivable benefits of the Fourth Industrial Revolution (4IR), the authority of t...

11/01/2022

The statement last week from Iraq’s Oil Minister, Ihsan Abdul Jabbar, that the newly resurrected Iraqi National Oil Company (INOC) has been given government approval to acquire ExxonMobil’s 32.7 percent stake in the supergiant West Qurna 1 oil field for up to US$350 million is likely to leave China delighted, the U.S. irritated, and Iraq’s oil industry still unable to achieve any of its key oil output goals. The last iteration of the INOC – created in 1966, before it was effectively closed down in 1987, with its remnants incorporated into the Ministry of Oil (MoO) – was founded on a mandate that included elements that seemed geared towards enabling malpractice of one kind and another. In particular, Article 12 of the law relating to the establishment of INOC contained, as highlighted by the former senior economist with Iraq’s MoO, and subsequently head of the Oslo-based Development Consultancy & Research, Ahmed Mousa Jiyad: “The most ridiculous, disintegrative, destructive and unconstitutional aspects of this law […providing] the legal cover for formalised corruption and kleptocracy by assigning the three funds [‘Citizens Fund’, ‘Generations Fund’, ‘Reconstruction Fund’] at least 10 per cent of the revenues of the oil exports at the discretion of the INOC’s board of directors.” The power of the INOC board of directors, though, could extend further, he added at the time, as under the 2018 version of the law, revenues generated from the export and sale of oil and gas ‘will be considered as financial revenues for INOC’. “This is a flagrant violation of the Constitution, which states that oil and gas belong to the Iraqi people and not a financial return to one public company,” said Jiyad. The full scope of the powers of this new version of the INOC has not yet been fully laid out, which means that no constraints are in place.

The statement last week from Iraq’s Oil Minister, Ihsan Abdul Jabbar, that the newly resurrected Iraqi National Oil Company (INOC) has been given government approval to acquire ExxonMobil’s 32.7 percent stake in the supergiant West Qurna 1 oil field for up to US$350 million is likely to leave Ch...

11/01/2022

President Muhammadu Buhari has urged the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited to ensure strict compliance with Corporate Governance principles that place premium on doing business with the highest ethical standards, integrity, and transparency.

Inaugurating the Board chaired by Senator Margery Chuba Okadigbo, the President charged them to focus on profitability and operate at par with its industry peers across the world.

”I expect the NNPC Limited to be mindful of our commitments to our net carbon zero aspirations and to ensure total alignment with the global energy transition realities,” he said.

A statement by Femi Adesina, Special Adviser to the President, said that the President reminded the Board members that they came on board as a result of the reforms put forward by the Petroleum Industry Act (PIA) 2021, which seeks to reposition the Nigerian petroleum industry to a commercially viable and competitive

President Muhammadu Buhari has urged the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited to ensure strict compliance with Corporate Governance principles that place premium on doing business with the highest ethical standards, integrity, and transparency. Inaugurat...

08/01/2022

http://landmantimesng.com/aned-raises-concerns-over-fgs-metering-initiative/

08/01/2022

http://landmantimesng.com/opec-daily-basket-price-at-78-93-a-barrel-tuesday/

08/01/2022

http://landmantimesng.com/president-buhari-appoints-board-and-management-of-nnpc-limited/

President Muhammadu Buhari has appointed the Board and Management of the Nigerian National Petroleum Company Limited, in accordance with the power vested in him under Section 59(2) of the Petroleum Industry Act 2021. Chairman of the Board is Senator Margret Chuba Okadigbo (South East), Mele Kolo Kya...