Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

Why, how Libya overtook Nigeria as Africa’s biggest oil producer

Recently global oil exploration statistics showed that Nigeria has lost its Africa’s top oil producer status to Libya as its crude oil production. This is coming on the heels of local production felling further last month amid lingering supply disruptions,…

Chevron Nigeria gets new Communications Manager

Chevron Nigeria Limited (CNL), operator of the NNPC/CNL Joint Venture has announced the appointment of a new Communications Manager in its Policy, Government and Public Affairs Department (PGPA). He is Mr. Victor Anyaegbudike. Until his appointment, Mr. Anyaegbudike was the…

EC, EIB partner in climate technologies

At the United Nations Climate Change Conference of the Parties (COP26) in Glasgow, European Commission President Ursula von der Leyenand Bill Gates, the Founder of Breakthrough Energy, together with European Investment Bank President Werner Hoyer, have officially entered into a…

PIA’ll boost Nigeria’s oil production by 317% to 4m bpd — FG –

The Federal Government has said that the implementation of the newly enacted Petroleum Industry Act (PIA) will boost the oil production capacity of Nigeria by about 317 percent to four million barrels per day (bpd) from the current level of…

Partnering with Nigeria through social investments – The Chevron Nigeria experience

The Chevron companies in Nigeria celebrate with the country on the 61st anniversary of Nigeria’s independence, on October 1, 2021. The Nigerian oil and gas industry is strategic to the overall socio-economic development of the country. It is an industry…

Gas Commercialisation helps Nigeria to cut gas flare by 7.5% in 10 years

In line with the nation’s renewed focus on harnessing and commercialising its gas resources, the flaring or burning of the commodity which was the norm in the past, has now reduced by over 70 per cent in the last 10…

Energy

Summary of Chevron Nigeria’s CR Report, key achievements in 2020

Remarks by CNL’s Chairman/Managing Director, Rick Kennedy Chevron Nigeria Limited’s (CNL’s) 2020 Corporate Responsibility (CR) report focuses on the highpoints of the successes the company recorded during the period as well as the socioeconomic impact of its strategic social investments…

Dangote Refinery to break, set new record of 57,000 Personnel in a single company

The President/Chief Executive, Dangote Industries Limited, Aliko Dangote has disclosed plans to increase the human capacity at the Dangote Refinery Project site from 40,000 to 57,000 personnel in the coming months. According to him, the project currently employs 29,000 Nigerians…

Shell, US-based marine solutions seal deal on new LNG bunker barge

As part of international capacity development, Florida-based marine solutions, transportation and logistics company, Crowley Maritime Corporation has signed a long-term time charter with Shell NA LNG for the building and operation of a new LNG bunker barge. Under the arrangement,…

Our values distinguish; guide us in our activities—Chevron Boss

Chairman and Managing Director, Chevron Nigeria/Mid-Africa Business Unit, Mr. Rick Kennedy, has averred that the values of the oil exploration giant distinguish and guide the company’s operations. Chevron Nigeria Limited (CNL) is one of the largest oil and natural gas…