Business Hilights

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Energy

Fuel import to end in February, says Minister

The Minister of State for Petroleum Resources, Oil, Senator Heineken Lokpobiri has said that the federal government will stop fuel importation in February 2024. Speaking during a working visit to the Port Harcourt Refining Company in Eleme, Rivers State, Lokpobiri…

Upgrade your STS prepaid electricity meter to avoid malfunction

All prepaid meters globally including those given by Nigerian Discos, will expire on November 24, 2024 due to the TID Rollover software expiration IE customers with STS meters, identified by 20-digit token numbers, must upgrade before November 1, 2023 Step…

With N920/$, pump price must go up now—Oil Marketers

With the exchange rate now hovering around N920/$, oil marketers have argued that the pump price of petrol could not remain at N617/litre, but at a higher rate if they must remain in business. They again projected a cost of…

Update your prepaid meters before Nov 2024 or…—NERC

The Nigerian Electricity Regulatory Commission (NERC) has asked prepaid meter users to update their meters before November next year. NERC announced the development via its X handle (formerly known as Twitter) on Tuesday. The commission said prepaid meter users might…

NCDMB completes, donates three ICT Centres in Akwa Ibom

Pursuant to deepening digital literacy in the country, the Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday commissioned three state-of-the-art Information and Communication Technology (ICT) Centres, with dedicated broadband Internet, in three rural secondary schools in Akwa Ibom State….

NCDMB, Stoilic Shipping team up on Cadets Training

The Nigerian Content Development and Monitoring Board (NCDMB) has held a kick-off ceremony marking the commencement of the Cadets Training Programme being organized with Stoilic Shipping Ltd, a renowned maritime training school. The event was conducted in Apapa, Lagos on…

Just in: Nigeria’s Crude Oil Output Falls in July 2023 by 13.6%

Cash crunch may continue to hold sway as the Organisation of Petroleum Exporting Countries (OPEC), in its monthly oil market report for August 2023, revealed that Nigeria’s oil output fell by 13.6 per cent to 1.08 million barrels per day…

Dangote drills youth in skills acquisition

… Merger of Dangote food subsidiaries will benefit stakeholders— Ravindra As part of its commitment to Corporate Social Responsibility (CSR), the Dangote Cement Plc, Obajana Plant, Kogi State, has commenced the training of youth in technical skills under the tutelage…

Expect resumption of refining at Port Harcourt Refinery before December—IPMAN

The Chairman of IPMAN in Rivers State, Dr Joseph Obele, has said the Port Harcourt refinery will likely beat the December deadline for the completion of its turnaround maintenance and will soon be refining fuel for local consumption. Obele said…

NCDMB targets 17 Coys from Technology Incubation Centre

Pursuant to its core mandate to catalyze research and development and support startups in the energy industry, the Nigerian Content Development and Monitoring Board (NCDMB) in partnership with Founder Institute (FI) is set to  launch new 17 portfolio companies that…