Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

LASG Partners Oando to Introduce Electric Mass Transit Buses

Oando, one of Nigeria’s leading indigenous energy solution providers has recorded another milestone with its signing of a Memorandum of Understanding (MoU) with the Lagos Metropolitan Area Transport Authority (LAMATA), the Lagos State Government agency tasked with planning, implementing, regulating…

WED 2022: Chevron Nigeria’s Commitment to a Sustainable Future

Every year on June 5, the world commemorates World Environment Day (“WED”) to celebrate and promote environmental awareness and sustainability across the globe. Led by the United Nations Environment Programme (“UNEP”), and held annually since 1974, each edition focuses on…

Nigeria-Morocco-Spain gas pipeline to boost Nigeria economy

More details have emerged on the recently Nigeria-Morocco-Spain gas pipeline, revealing that it would not only supply the two nations, but pass through the 15 ECOWAS nations for supplies also. According to the Minister of State for Petroleum, Chief Timipreye…

Major Breakthrough in Search to Develop “Clean Gas” Energy Source

A disruptive technology company Tuesday, 31 May 2022, confirmed it has made a major breakthrough in its search to innovate a ground-breaking “clean gas” energy source that will not only provide an alternative supply to natural gas, but also boasts…

Dangote Refinery to deepen Nigeria’s Downstream, Midstream Sectors performance

The coming on stream of the 650,000 barrels-per-day Dangote Petroleum Refinery will guarantee availability of high quality environmentally compliant products in Nigeria, regional markets in West Africa, Southern Africa and inter-continental markets. The President/CE of Dangote Group, Aliko Dangote made…

NCDMB hails Temile/Hyundai understanding to Build New LPG Vessel

The Nigerian Content Development and Monitoring Board (NCDMB) has congratulated an indigenous shipping company, Temile Development Company on the contract signing agreement with Hyundai Mipo Dockyard (HMD) for the construction of a new 23,000 cubic meters Liquefied Petroleum Gas Carrier…

Stakeholders draw roadmap for Midstream/Downstream Sectors

Key oil and gas industry stakeholders at the just concluded Nigerian Content Midstream and Downstream Oil and Gas Summit organized by the Nigerian Content Development and Monitoring Board (NCDMB) have beckoned on the Central Bank of Nigeria (CBN) to create…

NCDMB maximising Midstream, Downstream Oil & Gas sector—Minister

The Federal Government has called for synergy among stakeholders in the midstream and downstream sector so as to maximise investments in the industry. In an address at the opening ceremony of a two-day dialogue on “ Maximizing Potentials in the…

ExxonMobil Assets to Seplat: Confusion over Sylva’s commendation as FG rejects deal

Less than one week after Chief Timipre Sylva, Minister of State, Petroleum Resources lauded Seplat Energy Plc on its recent acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation, Delaware, United States of America,…

PIA to alleviate energy poverty envisioned in the UN’s SDG No 7—Sylva

The Minister of State, Petroleum Resources, Chief Timipre Sylva has disclosed that “in Nigeria, the industry game changer – that is, the Petroleum Industry Act (PIA 2021) will undoubtedly support Africa and indeed the global endeavour to alleviate energy poverty…