Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

Shell to Sell Nigerian Onshore Assets to Consortium as AEC calls for fast approval

British multinational oil and gas company Shell has decided to sell The Shell Petroleum Development Company of Nigeria Limited (SPDC) – which owns onshore oil assets in Nigeria’s Niger Delta region –  to a consortium comprising mostly local energy players…

Dangote Refinery commences production of diesel, aviation fuel

In view of the eventual commencement of production activities, seven months after the official commissioning by former President Muhammadu Buhari,  President of Dangote Group, Alhaji Aliko Dangote, elatedly thanked President Bola Ahmed Tinubu for his support, encouragement, and thoughtful advice…

Just in: Meet Jim Swartzs, Chevron Nigeria’s new MD

Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited and CNL, has announced the appointment of Jim Swartz as the Chairman and Managing Director of Chevron Nigeria/Mid-Africa Business Unit, effective April 1, 2024….

NCDMB Boss visits NUPRC, NIACOM, Seeks Collaboration

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday visited the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe and the Commissioner for Insurance of the…

Dangote Refinery berths 6th 1m Crude oil barrels ship, ready for refining

Barring any unforeseen circumstance, all is set for resumption of refining activities at Dangote Refinery having received the sixth batch of barrels of crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). The fresh one million Agbami barrels of…

Just in: 5th one million barrels of crude arrive, 6th on the way to Dangote Refinery

Dangote Petroleum Refinery, on Thursday, received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited (NNPCL), on Thursday. The company is already preparing to welcome the 6th one million…

Seplat Energy Delivers ANOH Gas Plant

Seplat Energy Plc has announced that the ANOH gas plant installation works reached mechanical completion on 29th December 2023, in line with the revised timetable. A statement issued by the company on Wednesday explained that the milestone has been achieved…

No plan to increase Fuel Price—NNPCL

The Nigerian National Petroleum Company (NNPC) Limited has debunked media reports alleging that it had a dispute with Independent Petroleum Marketers Association of Nigeria (IPMAN) over payment subsidy on Premium Motor Spirit (PMS). Some media houses few days ago, had…

Dangote Refinery Berths 4th One Million Barrels of Crude; Fifth, on the way

Preparations are in top gear for the commencement of production in Dangote Refinery, as the petrochemical company has received the fourth crude shipment of, one million barrels of bonny light crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL),…

Nigerian Oranto Petroleum extends Ugandan exploration licenses

Oranto Petroleum, a Nigerian independent energy company founded by Prince Arthur Eze has, on 22 December 2023, been granted a two-year exploration license extension to its Ngassa Deep and Ngassa Shallow exploration contract areas in Uganda. This extension allows Oranto…