Connect with us

News

NNPC retail to secure 30% marktet share-Maikanti Baru

Published

on

Eniola Olayemi

 

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has charged the Corporation Downstream company, NNPC Retail, to increase its current 14 per cent market share to 30 per cent by 2020.

Speaking yesterday  in Abuja during the first Triennial Delegates Conference of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), NNPC Retail Branch, Dr. Baru stated that the charge was an assignment that must be accomplished.

A release by NNPC Group General Manager, Public Affairs, Mr. Ndu Ughamadu, said the NNPC Group Managing Director, Dr. Baru, disclosed at the event that the NNPC Management would soon expand the operations of NNPC Retail Limited.

Baru stated that NNPC was determined to ensure that the prevailing availability of petroleum products across the country was sustained as arrangements have reached advanced stage to acquire more landed property in Abuja and across the states to build more NNPC retail outlets.

Speaking as Chairman of the occasion, Dr. Jackson Gaius-Obaseki, who is a former Group Managing Director of NNPC, described the National Oil Company as an accountable and transparent going concern, saying nothing should deter it from sustaining its core values.

The former NNPC GMD stated that the current Management of the corporation deserved commendation for public accountability, pitched against its periodic and prompt reporting of the company’s operations and financial transactions.

Dr. Gaius-Obaseki, who is also the Chairman of Brass LNG, listed the NNPC core values to include: transparency, integrity and accountability which he explained must be reflected in all the company’s dealings with its stakeholders across the Industry value chain.

“The current NNPC Top Management led by Dr. Maikanti Baru, must be commended for updating the books of NNPC business units. This is reflective of what used to be. This must be sustained as NNPC business performance should be reported as stipulated in enabling laws”, he said.

Dr. Gaius-Obaseki stated that the decision to establish the NNPC Retail in 2002 had yielded result with the NNPC Mega stations across the country servicing the petroleum needs of the people, noting that unlike the situation in

NNPC Retail To Secure 30% Market Share

 

The past, Nigerians now enjoy fuel availability through the effort of the NNPC Retail Limited.

He charged the union to be focused in their relationship with management to enable both parties work efficiently for the benefit of Nigerians.

“Unionism must move away from strikes and protest to developmental focus.  We must move away from being a combative group as a union but be forward looking and join management in the development of business,” he stated.

In his presentation entitled: “NNPC Retail Limited: Yesterday, Today and Tomorrow”, guest speaker, Mr. Adeyemi Adetunji, Managing Director of NNPC Retail Limited, said the company was moving from a cost centre to profit making entity.

Mr. Adetunji assured the Group Managing Director of NNPC that his company would hit the 30 per cent market share target set by corporation’s helmsman.

In the same vein, PENGASSAN President, Comrade Francis Johnson assured that union members will be encouraged to assist the NNPC Retail management in achieving its target, pointing out that “the NNPC Retail has continued to serve as a vehicle of intervention in the market during periods of emergency and avoidable supply interruptions”.

PENGASSAN NNPC Retail branch chairman, Comrade Baba Shetimah Kukawa, thanked NNPC Retail Management for providing the enabling environment for the union to flourish, pledging the continuous support of the group to the Company.

He appreciated the GMD and other NNPC top management for their support and assured that NNPC Retail under his watch would continue to work hard towards delivering on the mandates.

 

News

Access Bank Appoints Uche Orji as Independent Non-Executive Director

Published

on

Access Bank Appoints Uche Orji as Independent Non-Executive Director

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Holdings Plc (‘the Company’) is pleased to announce the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc (‘the Bank’), effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’).

This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board.

Mr. Orji is a renowned investment banking professional, information technology entrepreneur, and finance expert with three (3) decades of professional and board experience. He is the Co-founder and Partner of Titangate Capital Management, an equity firm that invests in deep-tech, enterprise software, semi-conductors, hardware, and artificial intelligence companies.

He is the Founder and Director of Vitesse Africa Limited, an investment advisory firm focused on African energy, technology and infrastructure sectors. He serves as an Executive Board member and investor in Ultrasafe AI, an artificial intelligence/IT development firm that maintains strategic collaborations with leading technology companies. He also sits on the Board of Private Infrastructure Development Group, London, and chairs the Risk Committee.

Previously, Mr. Orji served as the founding Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority. He held positions as Managing Director and Senior Analyst at UBS Securities Limited New York and Managing Director and Head of European Technology/Semiconductor Equity Research at JP Morgan Securities, London. He also served as Executive Director/Portfolio Manager at Goldman Sachs Asset Management, London. Earlier in his career, he was Acting Financial Controller at Diamond Bank Limited and an Audit Trainee at Arthur Andersen & Co.

He holds a Bachelor of Engineering Degree in Chemical Engineering from the University of Port-Harcourt and a Master of Business Administration from Harvard Business School.

Commenting on the appointment, Mr. Paul Usoro, SAN, the Chairman of the Bank said:

“Mr. Orji has been appointed based on his exceptionally rich professional, academic, and corporate board experience which will be invaluable to the Bank as we continue to pursue our strategic objectives.

We are confident that his addition to the Board would further enrich the quality of our decision-making process, enabling us to deliver even greater value to our customers and stakeholders.

His appointment has been made in accordance with the Bank’s internal policies and has been notified to all relevant regulatory authorities underscoring our commitment to upholding the highest standards of corporate governance.

On behalf of the Board, Management and staff, I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5 African Banks in the shortest possible time.”

Continue Reading

News

Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

Published

on

Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The National Association of Nigerian Students (NANS), Lagos State University (LASU) branch, on Friday paid a courtesy visit on the Speaker of the Lagos State House of Assembly, Princess Mojisola Lasbat Meranda.

The student representatives said the visit was to congratulate Meranda over her emergence as Speaker of the State Assembly.

Meranda, an alumnus of LASU, was elected Speaker on January 13 after the removal of Mudashiru Obasa by the lawmakers over issues relating to alleged high-handedness and financial impropriety.

Describing her as a thoroughbred Lagosian, the chairman of NANS, Abdulraheem Azeez, used the opportunity to list some of the challenges faced by students in the university.

According to him, students have had to read in darkness as the Ikeja campus gets less than two hours of power supply daily.

Azeez also raised the need for the State to make available loans for indigent students as well as for the Assembly to provide opportunities for students to witness the plenary of the House.

Meranda, while thanking the students for the visit, urged them to always attend town-hall meetings in their constituencies where they can contribute and make their opinions known.

She further encouraged them to apply for the loans initiated by the government as done by students in other countries.

The Speaker requested the students to formally send their complaints in written forms to the House for action.

Continue Reading

News

EFCC Tasks Corps Members on Corruption

Published

on

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

EFCC Tasks Corps Members on Corruption

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede charge members of the National Youth Service Corps, NYSC, to be change agents and strong resisting force against corruption.

He also enjoined them to be active foot soldiers and whistle-blowers or intelligence-gatherers against corruption.

Speaking on Thursday, January 30, 2025 at the NYSC Orientation Camp, Yikpata, Edu Local Government Area of Kwara State, Olukoyede said It is important for youths to realise that, these roles, if performed creditably, will bring up appreciable growth in the economy of our nation. He said that, “creative energies of youths will be maximised when corruption is brought to its knees.”

The EFCC boss whose address was delivered by the Head, Public Affairs Department, Ilorin Zonal Directorate of the EFCC, Ayodele Babatunde said that most of the problem confronting the country such as kidnapping, banditry, poor infrastructure, among others were connected to corruption. He added that all hands must be on the deck to tame the cankerworm.

Olukoyede encouraged the youths to embrace the virtues of hard work and shun fraudulent practices such as cybercrime noting that, “it’s profitable to earn dignity and fame through hard work and legit business.”

While calling on the youths to channel their potentials productively and shun crime, the EFCC Chair said that, “Yahoo-Yahoo is not a sustainable way of life.”

“There is no shortcut to wealth and fame. The fact that the rate of unemployment is high should not be an excuse to resort to crime. Act of criminality might deliver wealth in the short term but there will be misery and gnashing of teeth”, he said.

Continue Reading

Trending

Copyright © 2021 All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from August24news.com
This Website is designed and Managed by: August 24 Communications Nigerian Limited (RC: 798585)