Business
NNPC Must Sell Petrol Above Landing Cost To Combat Smuggling — Minister
Senator Heineken Lokpobiri, the Minister of State for Petroleum (Oil), has urged the Nigerian National Petroleum Corporation (NNPC) Limited to sell imported fuel above...
Business
Shell to Cut Global Workforce by 20%
Shell Plc, one of the world's largest oil and gas companies, is preparing to cut around 20% of its workforce in specific divisions as...
Business
NNPC to Transfer Warri, Kaduna Refineries to Private Operators
The Nigerian National Petroleum Company Limited (NNPCL), has announced plans to hand over the operations and maintenance of the Warri Refining and Petrochemical Company...
Business
SEC Approves Two Nigerian Crypto Exchanges
The Securities and Exchange Commission (SEC) has granted ‘Approval-in-Principle’ to two digital asset exchanges, Busha Digital Limited and Quidax Technologies Limited, allowing them to...
Business
NNPC Begins LNG Exports to China, Japan
The Nigerian National Petroleum Corporation (NNPC) Limited has announced the launch of its Liquefied Natural Gas (LNG) exports to major Asian markets, specifically China...
Business
Oando: Regulator Clears Air on Recent Oil Industry Deals
On Monday, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) addressed recent concerns about two major oil industry transactions. The commission clarified that the acquisition of...
Business
Dangote Refinery Set to Start Selling Petrol
On Monday, the Dangote Petroleum Refinery and Petrochemicals announced that it is preparing to start producing premium motor spirit (PMS), commonly known as petrol. The...
Business
Nigeria’s Economic Growth Rate Has Declined Since 2014, Says Okonjo-Iweala
The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has raised concerns about Nigeria's economic trajectory, revealing that the nation's Gross Domestic...