Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

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…

FG Commissions Gas Leak Detection Device, Printed Circuit Board Facility

The Federal Government through the Nigerian Content Development and Monitoring Board (NCDMB) on Thursday marked a breakthrough in the research and development landscape of the Nigerian oil and gas industry with the commissioning of Amal Technologies Gas Leak Detection Device…

NNPC Achieves Mech Completion, Flare Start-up of Refinery’s Area 5 Plant

The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC). Rehabilitation work has been ongoing at the Refinery for over…

Energy

NNPC Ltd, TotalEnergies Sign MoU on Methane Detection Technology

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with TotalEnergies for the adoption and deployment of a methane detection technology known as Airborne Ultralight Spectrometer for Environmental Application (AUSEA) in all its upstream…

Energy

Chevron Nigeria Limited harps on commitment to Nigeria

Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited (“NNPCL”) and CNL is aware of a misleading media report alleging that CNL has snubbed Nigeria in terms of investment prospects in 2024. Please…

TotalEnergies commits to Nigeria, supports reducing methane emissions

Chairman and CEO of TotalEnergies, Patrick Pouyanné, met in Abuja on Monday with Bola Ahmed Tinubu, President of the Federal Republic of Nigeria, to reaffirm the long-term partnership between TotalEnergies and Nigeria. Over the past decade, TotalEnergies has been the…

NNPC Ltd. Wins The Whistler’s Transparency, Innovation Award

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has won this year’s The Whistler Newspaper’s Award for Transparency and Innovation. The Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari received the award from the Executive Governor of…

TotalEnergies begins Construction of 216 MW Solar Plant in SA

TotalEnergies and its partners are launching construction of a major hybrid renewables project in South Africa, comprising a 216 MW solar plant anda 500 MWh battery storage system to manage the intermittency of solar production. Located in the Northern Cape…