Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

As Reps probe alleged withdrawal of $1.5bn, Daukoru named NLNG Chairman

Even as the House of Representatives deepens its investigation on why the Nigerian National Petroleum Corporation (NNPC), without recourse to constituted authority made a silent withdrawal from the Nigerian Liquefied Natural Gas Limited (NLNG) dividends account, President Muhammadu Buhari has…

Introduce clause forbidding EFCC from detaining oil vessels in PIB, NASS advised

As all is set for the Ministry of Petroleum Resources to hand in the revised Petroleum Industry Bill (PIB) to the National Assembly in two weeks for passage into law, experts in oil and gas industry has called on lawmakers…

Chevron steps up corporate commitment to STEM education

As part of the efforts to promote quality science education in Nigeria and other parts of Africa, Chevron co-sponsored the inaugural edition of the Summer Engineering Academy (SEA) virtual conference, organized by the Africa Leadership Academy (ALA). This initiative is…

Downstream oil sector deregulation designed to drive growth—Minister

The Minister of State for Petroleum Resources, Chief Timipre Sylva Thursday averred that the ongoing deregulation of the downstream oil sector was to ensure economic growth and development of the country. Giving further insights in Abuja, he said it was…

Chevron issues official statement decrying fake recruitment information

Chevron Nigeria Limited (CNL), operator of the NNPC/CNL Joint Venture, has officially distanced self and decried the circulation of false recruitment information posted by unscrupulous persons and organizafake recruitment informationtions in the name of CNL in several media and online…

Oil eases as Covid-19 fears offset gasoline recovery signs

U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 14 cents, or 0.3%, to $40.76 a barrel by 0229 GMT, after rising 0.7% on Wednesday. Brent crude LCOc1 futures slipped 7 cents, or 0.2%, to $43.22, after gaining 0.5% on…

Chevron reacts to false recruitment information

Chevron Nigeria Limited, operator of the NNPC/Chevron Nigeria Limited Joint Venture, has said it is aware of the circulation of false recruitment information posted by unscrupulous persons and organizations in the name of Chevron Nigeria Limited in several media and…

AEC unveils new energy jobs portal, pledges to up local content

In order to maximize the saving of local jobs and assist in the recovery of African energy markets after the Covid-19 crisis, the African Energy Chamber (www.EnergyChamber.org) and its partners have launched a free-of-access jobs portal for trained and qualified…

Atlas Petroleum Resumes Development of OML109 in Nigeria

OML 109 comprises 14 identified and mapped prospects and leads, and an un-risked resource potential in excess of 500 million barrels of oil equivalent LAGOS, Nigeria, July 6, 2020/ — Over the weekend, Atlas Petroleum International has resumed work over…

NNPC announces top-management level appointments, redeployments

The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of ongoing efforts to strengthen and reposition NNPC for greater efficiency, transparency and profitability in line with the Next Level Agenda…