Business
NNPC discovers crude oil deposit in Nasarawa, begins drilling March
The Group Chief Executive Officer of the Nigerian National Petroleum Corporation (NNPC) Limited, Mele Kyari, has announced the discovery of crude oil deposit in Nasarawa State in North Central Nigeria. NNPC management in a series of tweets on Friday, after a visit by the Governor Abdullahi Sule of Nasarawa State to the Group Chief Executive Officer of the Nigerian National Petroleum Corporation (NNPC) Limited, Mele Kyari, declared: @nnpclimited “JUST IN: Group CEO @nnpclimited @MKKyari announced today that the official spud-in of first oil well in Nasarawa State will commence in March 2023. “This, according to @MKKyari, is in continuation of hydrocarbon exploration activities in Nigeria’s inland basins.
“@MKKyari disclosed this while receiving in audience a delegation of prominent Nasarawa State indegenes, led by the State Governor, Engr. Abdullahi Sule at the #NNPCTowers, Abuja, earlier today.”

President Muhammadu Buhari had penultimate week, flagged off the Kolmani Integrated Development Project in the North-East. The President noted that the oil exploration at the Kolmani River, located between Gombe and Bauchi states, already attracted over $3 billion foreign direct investment and will boost Nigeria’s fortunes and earnings.
The oil exploration at the Kolmani River is expected to begin with a daily production of about 50,000 barrels of crude oil.
-
News6 days agoUK, Canada pledge closer cooperation on trade, defence and AI
-
Business1 week agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
Business7 days agoDangote: Petrol price gap fuels smuggling as Nigeria faces fresh pump price surge
-
Business7 days agoTinubu’s economic reforms face public confidence test as cost-of-living crisis persists
-
Business4 days agoDangote Refinery IPO: Can small investors really make money from the shares?
-
Comments and Issues5 days agoWavy fuel prices and deepening cost-of-living crises in Nigeria
-
Football4 days agoFULL LIST: Eight stadiums to host 2027 Women’s World Cup in Brazil
-
Business2 days agoJetour takes T1 adventure SUV experience to Abuja, targets growing Nigerian market


