Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

NNPC Ltd Seeks EFCC’s Support in Fight against Crude Oil Theft

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has appealed to the Economic and Financial Crimes Commission (EFCC) to help tackle the menace of crude oil theft in the country. The Group Chief Executive Officer of the company, Mr. Mele…

Seplat Energy wins Leadership Newspaper Oil & Gas Company of the Year

Leading Nigerian independent energy company listed on both the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE), Seplat Energy Plc, has emerged as the Leadership Newspaper Oil & Gas Company of the Year. The Company was honoured at…

NCDMB Host Oil Industry Players, Academia, on Research and Innovation Imperatives

Oil and gas industry stakeholders and leading academics on Tuesday began a three-day Research and Development (R&D) Zonal Workshop at the Niger Delta University (NDU), Amassoma, with special focus on needs-driven research and deepening of collaboration and linkages, sponsored by…

Abia Modular Refinery begins operation in 2025 — Official

The refinery, to be located within the Abia Industrial Innovation Park, is expected to provide 2,000 direct jobs. The Commissioner for Information and Culture in Abia State, Okey Kanu, says the proposed modular refinery at the Abia Industrial Innovation Park…

Transcorp Power Lists on NGX at N1.8trn market capitalization

Nigerian Exchange Limited on Monday, 4 March 2024 admitted 75 billion shares of Transcorp Power Plc at N240 per share to its Main Board. The leading power generation company’s listing boosts the overall NGX market capitalization by N1.8 trillion, just…

Gas is Nigeria’s logical transition fuel—Seplat Energy

Making a case for gas development in Nigeria, Seplat Energy Plc, a leading Nigerian independent energy company, has said gas development is a clear solution to Nigeria’s immediate problems and remains a longer-term transition fuel. The Director New Energy at…

Udo Udoma to succeed Omiyi as Seplat Energy Chairman March 31st

Seplat Energy Plc has announced the appointment of Mr. Udoma Udo Udoma as the Company’s new Independent Non-Executive Chairman to succeed Mr. Basil Omiyi who will retire on March 31, 2024. Mr. Udoma’s appointment was approved after a unanimous vote…

FG Inaugurates NCDMB Council, Pledges to Grow Local Content Exploits

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri on Thursday in Abuja inaugurated the 4th Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB). The NCDMB Governing Council is set up under the Nigerian Oil…

NNPC Ltd Calls for Collaborative War Room to Tackle Independent Producers

The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for deeper collaboration among upstream operators, especially independent producers, to find solutions to the challenges hindering the effective development of divested assets in the nation’s oil and gas industry. The…

Chevron Nigeria Wins Sustainable Energy Business Award at NIES

Multinational energy giant, Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited and CNL, was on Tuesday, February 27, 2024, recognized with the Sustainable Energy Business award at the ongoing Nigeria International Energy…