Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

NCDMB assures Continuous Support to Local Content Development in Africa

The Nigerian Content Development and Monitoring Board (NCDMB) is ever ready to support other African nations in developing and implementing local content policies as a strategy for improving indigenous participation and value optimization from hydrocarbons and mineral resources. The Executive…

TotalEnergies: Improved revenue pushes EPS growth of 13.0% y/y in Q4-22

TotalEnergies Marketing Nigeria Plc (TOTAL) has published its Q4-22 unaudited financials reporting EPS growth of 13.0% y/y to NGN11.57 in Q4-22 (Q4-21: NGN10.24), supported by improved revenue (+46.6% y/y) and lower operating expenses (-10.1% y/y). Meanwhile, 2022FY EPS declined by…

Lebanon: QatarEnergy, TotalEnergies, Eni begin exploration on two blocks

TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon. The agreements were endorsed in Beirut on January 29, during a ceremony attended by His Excellency…

NCMDB Boss Emerges Leadership Local Content Champion Of The Year

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has been selected as the recipient of the Leadership Local Content Champion of the Year Award by the Board of Editors of the Leadership…

Wabote Opens PETAN Secretariat In Port Harcourt

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote on Friday commissioned the secretariat of the Petroleum Technology Association of Nigerian (PETAN) at Trans-Amadi Industrial Area, Port Harcourt, Rivers State. In his remarks…

Just in: Dangote refutes fake news surrounding refinery commissioning

The attention of Dangote group has been drawn to some misleading reports regarding the commissioning of its Dangote Refinery during the present working visit of President Muhammadu Buhari GCFR to Lagos State. In a terse statement signed by the Group…

Chevron bags Environmental Protection Company of the year award 2022

Nigeria’s oil and gas exploration giant, Chevron Nigeria Limited (CNL) has been honoured with an award as “Environmental Protection Company of year 2022” by a media organization – Nigerian News Direct – during the 12th Anniversary celebration of the organization…

NCDMB boss wins Leadership Local Content Champion of the Year

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has been selected as the recipient of the Leadership Local Content Champion of the Year Award by the Board of Editors of the Leadership…

New 20 meter manufacturers underway

To boost local capacity, the Federal Government has issued fresh licenses to 20 new local meter manufacturers in preparation for the next phase of the government’s free four million metering programme. The development came about eight months after the free…

Energy

FEC approves NNPC request to pump N1.9tn in 44 Federal Highways

The (FEC) has approved the recommendation for the Nigerian National Petroleum Corporation Limited (NNPC LTD.) to invest N1.9 trillion in the reconstruction of 44 federal roads under the tax credit policy. The council gave the approval at its meeting presided…