Eterna Plc plans to achieve N21.05bn turnover for the first quarter of 2021, the company has said. The company projected to rake in N156.40m profit before tax and N106.36m profit after tax during the stipulated period. It revealed this in its Q1 learning forecast obtained from the Nigerian Stock Exchange.
There appears to be solace for Nigerians as they have been charged to embrace gas as an alternative to fuel in the country amid an increased price of Premium Motor Spirit known as petrol.
As the Nigerian National Petroleum Corporation projects an increase in oil and gas output sales between 2021 and 2023, it has planned to generate no less than N11.39tn revenue in 2021.
The Shell Petroleum Development Company of Nigeria, SPDC, witnessed only four oil spill incidents in the month of October 2020, as a result of oil theft and sabotage; the least this year.
The Nigerian National Petroleum Corporation, NNPC, says it has secured a number of alternative funding facilities for the Nigerian Petroleum Development Company Ltd, NPDC – the NNPC upstream arm – and some of its Joint Ventures to facilitate the development of some of its assets.
The Federal Government said at least one million vehicles across the country, would be converted to run on autogas before the end of 2021, as President Muhammadu Buhari (retd.), will roll out the National Gas Expansion Programme on Tuesday.
The Governor of Lagos State, Mr Babajide Sanwo-olu and the Minister of State for Petroleum Resources, Chief Timipre Sylva have expressed optimism about the newly-inaugurated 8,400 metric tonnes Liquefied Petroleum Gas (LPG) terminal built by Techno Oil Limited in Lagos State.
The House of Representatives has commended the Nigerian National Petroleum Corporation for presenting its budget for the first time to the National Assembly.
The Nigeria Liquefied Petroleum Gas Association says it will examine how to accelerate economic recovery through gas at its forthcoming 10th International Annual LPG Conference next week.
The House of Representatives on Wednesday assured Nigerians of its commitment towards the passage of the Petroleum Industry Bill (PIB), as well as assented to by the President, before the end of March 2021.