Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

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…

Nigerian content intervention fund jumps to $350m

The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention Fund from US$200 million to US$350 million. The enlargement of the Fund by US$150 million was part of the…

EU travel bans hurting Oil & Gas industry growth in Africa—AEC

The leadership of African Energy Chamber (AEC), the umbrella oil & gas think tank group in the continent has frowned at the current blanket travel ban placed on key oil producing economies in Africa in view of their alleged poor…

Petrol stations rush to adjust pump price to N143.8 without claims of old stocks

Contrary to their usual delays and claims of old stocks when there was downward review of prices, petrol stations across Lagos State, Wednesday afternoon rushed to adjust upwards their respective petrol pump price within seconds of the announcement by the…

Discos’ demand for subsidy: Another boil in the buttocks loading?

As Nigeria and Nigerians still remain confused on the real status of the endless removal of fuel subsidy, storng indications have emerged showing that another avoidable regime of subsidy is loading in the nation’s electricity sector. This stemmed from the…

AKK would open up industrial activities in the northern corridor—Sylva, Kyari

The Minister of State, Petroleum Resources, Chief Timipre Sylva has averred that on completion of the $2.8bn Ajaokuta-Kaduna-Kano (AKK) gas pipeline, there are clear chances of unlocking the industrial potentials and activities in the northern corridor. Speaking during the virtual…

Minister’s TA, Derefaka gives insights on imports of $2.8bn AKK gas pipeline

Technical Adviser (TA), Gas Business & Policy Implementation to the Honourable Minister of State, Petroleum Resources and Program Manager, Nigerian Gas Flare Commercialization Programme (NGFCP), Mr. Justice Derefaka, has given clear details on the imports of the launched $2.8 billion…