Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

NNPCL welcomes subsidy removal as queues return on price hike

The managing director of NNPCL, Mele Kyari has welcomed the presidential announcement that described petrol subsidy as over. Recall that President Bola Tinubu had in his inaugural speech, announced that subsidy is gone forever. However, responding to the reaction of…

Just in: Chevron decries circulation of false recruitment information

Global oil and gas exploration giant, Chevron Nigeria Limited (CNL), operator of the Nigeria National Petroleum Company Limited (NNPCL) and CNL Joint Venture, is aware of the circulation of false recruitment information in several media and online channels in the…

Africa needs oil, gas to get out of energy poverty—NJ Ayuk

The Executive Chair of the African Energy Chamber (AEC), NJ Ayuk has again, averred that Western climate campaigners have targeted Mozambique and Uganda too. He contends that the opposition of Western environmental lobbyists to oil extraction could put those countries…

Another look at Peter Obi’s comment on Dangote Refinery

Hereunder are Peter Obi’s comments on Dangote Refinery (unedited) “I honoured the invitation to the Commissioning of the Dangote Petroleum Refinery and Petrochemicals in Lagos. This is the World’s Largest Single Train Petroleum Refinery. “I congratulate Alhaji Aliko Dangote for…

Energy

Chevron commits to development of neighbouring communities

Major player in Nigeria’s oil and gas industry, Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL (NNPCL/CNL JV), reiterates its commitment to the socio-economic development of its neighbouring communities….

Mele Kyari mute on national refinery repairs, says Dangote protected by PIA

Group Managing Director of the Nigerian National Petroleum Company Ltd (NNPC), Mele Kolo Kyari today at the commissioning ceremony of the new Dangote 650,000 capacity refinery maintained total silence on the level of acclaimed repairs of all the currently moribund…

Just in: Dangote Refinery to save $21bn forex, employ over 100,000 youths

President of the pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote today in Lekki, Lagos disclosed that the newly commissioned 650,000pbd refinery would employ over 100,000 Nigerians youths as well as generate over $21 billion. He added that the facility…

Just in: Our first product’ll be in Market before July Ending—Dangote

The core promoter of latest oil refinery in Africa, Alhaji Aliko Dangote has revealed that the first product of the commissioned Dangote Refinery will hit the market before the end of July this year. In his welcome address during the…

LCCI Congratulates Dangote on Refinery commissioning today

More business-minded oragnisations have continued to felicitate with the rare effort of Aliko Dangote in completing a world class refinery within a record time in Nigeria. The latest is the Lagos Chamber of Commerce and Industry (LCCI). The Chamber in…

Dangote Refinery Begins production today, May 22, 2023

President Muhammadu Buhari will today, May 22, 2023, flag off production activities at the Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery in Ibeju-Lekki, Lagos; alongside his counterparts from Ghana, Togo, Senegal, Niger, and Chad. Promoted by…