Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

NNPC, other agencies set to go as NASS passes Petroleum Industry Bill

The National Assembly; including both the Senate and the House of Representatives on Thursday and in their respective chambers passed the Petroleum Industry Bill (PIB) which unfortunately approved 3 per cent for the host communities. Although the Senate approved three…

Edo modular refinery seals crude purchase contract for operations

The Edo State Governor, Godwin Obaseki, has said the Edo Modular Refinery, being developed by Edo Refinery and Petrochemical Company Limited (ERPC) with support from the Edo State Government, is ready for operations. Obaseki stated this shortly after the Managing…

NNPC eyes huge shares in Dangote refinery with borrowed $3.8bn

Strong indications have emerged suggesting that the Nigerian National Petroleum Corporation (NNPC) is planning to borrow $3.8 billion to actualise its agenda of acquiring a 20 per cent stake in Dangote Refinery. NNPC Group Managing Director, Mallam Mele Kyari, however…

Chevron, PIND team up with IRDC to rescue Ondo riverine communities

In keeping with its Global Memorandum of Understanding (GMoU) sealed with host communities in operations area especially as it concerns sustainable  energy, oil giants, NNPC/Chevron Nigeria Ltd Joint Venture (CNL),  in partnership with Ilaje Rural Development Committee (IRDC) and Foundation…

PIND, CNL partner with IRDC to electrify Ondo riverine communities

….Helping Communities meet Goal 7 of the SDGs To deepen provision sustainable energy to some riverine communities in Ondo State, oil giants, NNPC/Chevron Nigeria Ltd Joint Venture (CNL), in partnership with Ilaje Rural Development Committee (IRDC) and Foundation for Partnership…

Chevron unveils Opportunities, new approaches to hydrocarbons at NIPS 2021

Chairman/Managing Director, Chevron Nigeria Limited (CNL), Rick Kennedy, has opened up on opportunities in lowering carbon emissions and harnessing Nigeria’s gas resources as key enablers in complementing the new approaches to future of hydrocarbons in the Nigerian oil and gas…

NDPHC, Eko Disco, fix electricity supply shortfall in Lekki, Agbara

In order to improve electricity supply around Ibeju-Lekki area in Lagos and Agbara Industrial area in Ogun State, the Niger Delta Power Holding Company (NDPHC) and Eko Electricity Distribution Company Plc (Eko Disco), have signed a bilateral agreement for the…

Energy

WED 2021: Chevron’s Drive to Ecosystem Restoration remains unbeatable

The world will tomorrow, June 5, mark the 2021 World Environment Day (WED) as introduced by the United Nations. “To cherish what remains of the Earth and to foster its renewal is our only legitimate hope of survival.”  These words…

UTM Offshore Signs Pre-FEED Contract for Nigeria’s Floating LNG Project

UTM Offshore Limited, a Nigerian marine services company, has signed this morning a pre-Front End Engineering Design (Pre-FEED) contract with JGC Corporation of Japan for the development of a floating liquefied natural gas (LNG) project offshore Nigeria. Another contract was…

Agbami Parties boost economic activities in Rivers State communities

Star Deepwater Petroleum Limited, a Chevron Company and the operator of the Agbami field, together with its parties in the Agbami field – Famfa Oil Limited, Nigerian National Petroleum Corporation (NNPC), Equinor Nigeria Energy Company Limited, and Prime 127 Nigeria…