Jobs/Appointments
Chevron, BP, Total Set to Sack Workers
By Adedapo Adesanya
Oil giants are downsizing their workforce after suffering losses due to the global slump in demand for oil because of the coronavirus crisis.
British oil company, BP Plc, on Monday, June 8 announced plans to cut 10,000 jobs due to the global slump having paused redundancies during the peak of the pandemic, but told staff today that around 15 percent will leave by the end of the year.
BP Chief Executive Officer, Mr Bernard Looney, blamed a drop in the oil price for the cut, saying, “The oil price has plunged well below the level we need to turn a profit.”
“We are spending much, much more than we make – I am talking millions of dollars, every day,” he added.
However, not only BP is doing some cropping as French oil and gas outfit, Total, may also downsize its workforce after the company suffered a whopping $12 billion deficit in its revenues forecast.
The company has stated its plan to adopt a cost-cutting mechanism to match the deficit, while maintaining that it anticipates a $12 billion revenue shortfall due to a fall in oil prices caused by the COVID-19 outbreak.
Chevron is also one of the major oil giants that have suffered revenue shortfall. It had already announced the plan to sack over 6,000 staff in its global operations.
The latest announcement of $12 billion deficit by Total CEO, Mr Patrick Pouyanne, is significantly higher than a previous deficit forecast of $9 billion. The increase is expected to force Total to devise deeper cost-cut measures.
According to Mr Pouyanne, Total had expected oil prices to stand at around $60 per barrel this year, but with prices currently at around the $30 per barrel during its forecast, the company faces a much bigger shortfall.
βIt is globally at least $12bn that we believe we must cover through our action plan due to the crisis,β Mr Pouyanne, said in an interview with Reuters.
The oil and gas industry has been regarded as one of the worst-hit sectors globally with oil revenues dwindling beyond expected margins while workers disengagement continues.
The COVID-19 pandemic impact has shattered the crude oil demand as the majority of the oil and gas services end-user industries witnessed a slowdown amid lockdowns.
It has been estimated by analysts that the current damage caused in the sector by the coronavirus pandemic will lift in 2021 as the global economy is expected to face a -3 percent contraction this year.
Jobs/Appointments
NMDPRA Denies Fake Employment Alert, Warns Unsuspecting Job Seekers
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the viral report suggesting that it is currently employing new staff is the βhandiwork of fake recruitment syndicates established to mastermind fraudulent activities.β
In a Monday statement posted on its official X handle, NMDPRA expressed that it was compelled to publish the disclaimer to alert the public against such activities due to what it described as βexploiting young economically vulnerable and unsuspecting Nigerians perhaps into parting with huge sums of money for purported employment opportunities into the authority.β
βThey do this by issuing bogus βLetters of Employmentβ and empty promises, as well as offering non-existent positions. These may well be the handiwork of fake recruitment syndicates established to mastermind these fraudulent activities.
βWe wish to use this opportunity to state categorically that the NMDPRA is NOT conducting any recruitment exercise currently. Neither is the Agency undertaking any kind of employment in its services at any level. For the avoidance of doubt, any future recruitment exercise would be undertaken in accordance with extant rules guiding such exercises in the Nigerian Public Service,β the organisation emphasised.
The agency further advised the public to disregard these fake employment advertisements and urged them to visit its official website and social media pages to verify any recruitment claims.
The statement added, βIn this regard therefore, we would like to advise the public and all Nigerians to ignore these spurious claims by unscrupulous people whose only objective is to defraud Nigerians and cast aspersion on the authority.
βWe further advise that for current and up to date information regarding all our activities, kindly refer to our official corporate website: www.nmdpra.gov.ng as well as all our verified online social media outlets (i.e. Facebook, Linkedln and Instagram) for authentic information.β
Jobs/Appointments
Aradel Appoints Nnoli Akpedeye as Independent Non-Executive Director
By Adedapo Adesanya
Aradel Holdings Plc has appointed Ms Nnoli Akpedeye as an Independent Non-Executive Director, effective February 2, 2026, following a resolution passed at the companyβs board meeting held on January 28, 2026.
In a notice to shareholders, Nigerian Exchange (NGX) Limited, and the investing public, the company disclosed that the appointment is subject to ratification by shareholders at its next Annual General Meeting (AGM). The board also authorised the Company Secretary, Mrs Titiola Omisore, to notify relevant regulators and take all necessary steps to give effect to the decision.
Ms Akpedeye brings more than 36 years of multi-disciplinary experience spanning oil and gas, engineering, legal and arbitration services, and management consulting. Her career reflects a strong blend of technical expertise and strategic leadership, with competencies in management and strategy, business process engineering, organisational development and change management, as well as entrepreneurship development.
Until 2014, she served as Technical Planning Manager for Shell Exploration and Production Companies in Nigeria, where she led the execution of high-impact, mission-critical projects. Over the course of her career at Shell, she held roles across civil engineering design, planning and construction, project management, facility management, technical audit, and business planning and strategy, gaining extensive local and international exposure.
Beyond her corporate career, Ms Akpedeye is an entrepreneur and advocate for capacity building in engineering and energy. She runs Contego Servo Limited and Perfectus Laundi Limited, and in 2013, she launched the βIntroduce a Girl to Engineeringβ programme aimed at encouraging secondary school girls in Nigeria to pursue careers in engineering and related STEM fields.
She is a Council for the Regulation of Engineering in Nigeria (COREN)-registered engineer, a Fellow of the Nigerian Society of Engineers (FNSE), and a past President of the Association of Professional Women Engineers of Nigeria (APWEN). She is also a founding member of the Women in Energy Network (WIEN) and serves as a passionate ambassador for science, technology, engineering and mathematics education.
In addition, Ms Akpedeye is the Chief Operating Officer (COO) of Compos Mentis Legal Practitioners and the Chairman of the Board of Trustees of the Compos Mentis Foundation.
Her appointment further strengthens Aradel Holdings’ board with deep industry knowledge, governance experience, and a strong track record in leadership and institutional development, as the company continues to pursue its strategic objectives within Nigeriaβs energy landscape.
Jobs/Appointments
Geregu Power Chooses Sean Manley as Interim CEO
By Aduragbemi Omiyale
An interim chief executive has been appointed by Geregu Power Plc and he is Mr Sean Manley, with his appointment to take effect from Monday, February 2, 2026.
A statement from the power generating firm disclosed that his appointment is subject to the approval of the Nigerian Electricity Regulatory Commission (NERC) and the shareholders of the company at the next general meeting.
In the notice, the organisation expressed confidence that the appointee would use his wealth of experience and leadership to βadd significant value to the company.β
Mr Manley is said to be βa seasoned power-sector professional with a proven track record in delivering complex energy projects in developing markets.β
He is armed with more than 30 yearsβ experience spanning sales, business development, project implementation, supply-chain management, and OEM-led delivery within the power sector.
Over the course of his career with Siemens, Mr Manley has developed deep technical and operational expertise in thermal power generation, covering plant construction, commissioning, major overhauls, and long-term operational support.
He is widely regarded as a practical problem-solver, with a demonstrated ability to close projects in challenging operating environments and brings extensive international experience and strong intercultural skills acquired across multi-jurisdictional engagements.
His areas of expertise include the delivery of large, complex infrastructure projects, management of multi-million-dollar business units, client and stakeholder relationship management, business and market development, as well as logistics and procurement analysis critical to successful project execution.
The appointment of Mr Manley comes after Mr Femi Otedola divested his stake in the energy firm last month to support the recapitalisation of First Bank of Nigeria, a subsidiary of FBN Holdings Plc, which he chairs.
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