• About Us
  • Privacy Policy
No Result
View All Result
Express Day
  • Home
  • NEWS
    • Politics
    • Health
    • Education
    • Crime
    • Judiciary
    • Environment
    • Science & Technology
  • BUSINESS
    • Finance
    • Insurance
    • Agriculture
    • Aviation
    • Energy
    • ICT
    • Maritime & Transport
  • INVESTIGATIONS
  • ENTERTAINMENT & ARTS
  • SPORTS
  • en English
    ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanha Hausaig Igboit Italianko Koreanla Latinpt Portugueseru Russianes Spanishsw Swahiliyo Yorubazu Zulu
Express Day
No Result
View All Result
Home BUSINESS Economy

IDSL GROW REVENUE TO N19BN

ExpressDay by ExpressDay
December 6, 2019
in Economy, Finance, Oil and Gas
0
POOR STATE OF NIGERIA’S POWER SUPPLY WORRIES STAKEHOLDERS
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter

A subsidiary of the Nigerian National Petroleum Corporation (NNPC), The Integrated Data Services Limited (IDSL) has said it recorded a significant increase in its revenue base from N5.5 billion in 2016, N7.6 billion in 2017 to N19.033 billion in 2018.

The chairman of the company and Chief Operating Officer, Upstream Directorate of the NNPC, Mr. Roland Ewubare, disclosed this at the company’s 23rd Annual General Meeting held in Abuja.

A statement by NNPC Acting Group General Manager, Group Public Affairs Division, Mr. Samson Makoji, said Mr. Ewubare who described the performance as very impressive, stated that the subsidiary had become self-reliant and would not require any subvention from the corporate headquarters anymore.

“If anything, IDSL now contributes to the center; we will continue to give them the needed support to ensure that they sustain this growth trajectory”, the COO said.

On his part, NNPC’s Chief Financial Officer (CFO), Mr. Umar Ajiya, commended the company’s management on the performance streak, saying, “the only way we can grow is when businesses like this deliver positive results, to enable us collectively overcome our financial challenges’’.

He affirmed that NNPC management would give all necessary support to all its subsidiaries with capacity and prospect to deliver, including recapitalization where necessary and help them to secure businesses across the Industry value change to ensure that they grow their output.

Managing Director of the Company, Engr. Diepriye Tariah, attributed the impressive performance of the company to the reorientation of the staff who, he said, had become more commercially focused and efficient.

Integrated Data Services Limited, IDSL is one of the Upstream subsidiaries of the NNPC. Established in 1988, the company focuses on seismic data acquisition, processing and reservoir engineering. It also undertakes data storage and management services.

Like this:

Like Loading...

Related

Previous Post

PPPRA TO SANCTION OIL MARKETERS ENGAGED IN ILLEGALITY DURING YULETIDE

Next Post

BUHARI MEETS APC STATE CHAIRMEN, SETS GUIDELINES FOR ATTAINING PARTY POSTS

ExpressDay

ExpressDay

Next Post
BUHARI MEETS APC STATE CHAIRMEN, SETS GUIDELINES FOR ATTAINING PARTY POSTS

BUHARI MEETS APC STATE CHAIRMEN, SETS GUIDELINES FOR ATTAINING PARTY POSTS

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • Trending
  • Comments
  • Latest
Auchi Poly: Echoes of a Transformational Administration

Auchi Poly: Echoes of a Transformational Administration

January 26, 2023
With LP ahead, presidential poll heads for run-off — Nextier

With LP ahead, presidential poll heads for run-off — Nextier

February 5, 2023
A Rector and His Giant Strides

A Rector and His Giant Strides

January 27, 2023
Group blasts Omo-Agege’s aide over lies against Ogboru’s alliance with Okowa

Oddiri’s campaign of calumny can’t change Deltans’ love for Ogboru – Okotie-Eboh

January 21, 2023
Buhari pledges support for Turkey, Syria over deadly earthquake

Buhari pledges support for Turkey, Syria over deadly earthquake

February 7, 2023
Buhari hails Tems for winning Grammy award

Buhari hails Tems for winning Grammy award

February 7, 2023
Buhari describes his government’s infrastructure development as fantastic

Buhari condemns horrific terrorist attack on Katsina vigilantes

February 7, 2023
Use of Artificial Intelligence’ll boost healthcare delivery- Adigwe

Use of Artificial Intelligence’ll boost healthcare delivery- Adigwe

February 5, 2023

Recent News

Buhari pledges support for Turkey, Syria over deadly earthquake

Buhari pledges support for Turkey, Syria over deadly earthquake

February 7, 2023
Buhari hails Tems for winning Grammy award

Buhari hails Tems for winning Grammy award

February 7, 2023
Buhari describes his government’s infrastructure development as fantastic

Buhari condemns horrific terrorist attack on Katsina vigilantes

February 7, 2023
Use of Artificial Intelligence’ll boost healthcare delivery- Adigwe

Use of Artificial Intelligence’ll boost healthcare delivery- Adigwe

February 5, 2023

Follow Us

Browse by Category

  • Agriculture
  • Aviation
  • BUSINESS
  • Crime
  • Economy
  • Education
  • Energy
  • ENTERTAINMENT & ARTS
  • Environment
  • Feature
  • Finance
  • FOREIGN
  • Health
  • ICT
  • Insurance
  • INTERVIEW
  • INVESTIGATIONS
  • Judiciary
  • Maritime & Transport
  • Metro
  • NEWS
  • Oil and Gas
  • OPINION
  • PHOTO NEWS
  • Politics
  • Science & Technology
  • Security
  • SPORTS
  • TOP STORIES
  • Tourism

Recent News

Buhari pledges support for Turkey, Syria over deadly earthquake

Buhari pledges support for Turkey, Syria over deadly earthquake

February 7, 2023
Buhari hails Tems for winning Grammy award

Buhari hails Tems for winning Grammy award

February 7, 2023
  • About Us
  • Privacy Policy

© 2022 Express Day

No Result
View All Result
  • Home
  • NEWS
  • BUSINESS
  • INVESTIGATIONS
  • ENTERTAINMENT & ARTS
  • SPORTS

© 2022 Express Day

%d bloggers like this: