Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

Chevron Nigeria Wins Best Exhibitor Award at 2024 NOG Energy week

Global multinational oil and gas giant, Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL – NNPCL/CNL JV – was on Wednesday July 3, 2024, recognized with the Best Exhibitor…

Timely approval of deals good for Nigeria’s energy fortunes—Roger Brown

Seplat Energy PLC, leading indigenous energy company listed on both the Nigerian Exchange and the London Stock Exchange, says Nigeria’s sub-surface potentials could be largely optimized and oil/gas production levels increased if divestment and other related deals are expedited. The…

NNPC Ltd Seeks Derisking of industry to attract more investors

The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for the establishment of more local institutions in Nigeria and Africa with capacity to provide funding for energy projects to tackle energy poverty. The call was made by the Chief…

NNPC Ltd Declares State of Emergency on Crude Oil Production

Pursuant to increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry. Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, disclosed this in…

NNPCL floating filling stations rise to 12 in Niger-Delta

Checks across riverine communities in the Niger Delta have shown that no less than 12 floating fuel stations are located six states of Nigeria. These states include Akwa Ibom, Bayelsa, Cross River, Delta, Rivers, and Ondo. These unique fuel stations,…

Alison Madueke in Court, stops ex-wife, Diezani from answering his name

Rear Admiral Alison Amaechina Madueke (rtd) has petitioned Lagos State High Court to stop his ex-wife, Diezani from using his first and last name as part of her name. He said Diezani should revert to her maiden name – Diezani…

Egbin Power Unveils Innovation Hub to drive future leaders, ignite creativity

As part of its drive to deepen its commitment to good education, Egbin Power, Nigeria’s leading power generation company, has commissioned an innovation centre designed to equip students with entrepreneurial, practical, and creative skills needed to thrive in the modern…

ATIDI underwrites Globeleq’s $117m geothermal power project in Kenya

Nairobi-based pan-African insurer, African Trade and Investment Development Insurance (ATIDI) has provided a political risk insurance cover for Globeleq’s 35 MW Menengai Geothermal power project in Kenya. This support will be extended via the Regional Liquidity Support Facility (RLSF) – …

NNPC Retail Debunks “Lubricants-for-Petrol” Claims, Begins Probe

The attention of NNPC Retail Limited has been drawn to a recent video clip making rounds on social media (X to be precise) concerning a fuel pump attendant in one of NNPC filling stations. In the said video, customers were…

2,659 to Compete at NNPC Foundation for Youth Corps Members

A total of 2,659 members of the National Youth Service Corps (NYSC) across Nigeria have been pre-qualified for the final phase of the NNPC Foundation Business Pitching Exercise. Billed to hold from July 2nd to 10th, 2024, the exercise is…