Business Hilights

Tracking Nigeria's Headline Business News Online

Dr. Maikanti Baru

Again, Kyari begins with Baru’s kind of promise on fixing refineries

Though his immediate cognate experience spanned from managing crude sales and allied department before becoming the anointed one for the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, while stepping into the shoes of former GMD,…

Baru rolls out tenure financing deals, silent on revamping refineries

Fresh detail on why the Nigerian four refineries had remained in coma since the beginning of President Muhammadu Buhari administration since 2015 has emerged from the outgoing Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru….

What can Kachukwu say he achieved in office as Minister of State for Petroleum?

Whereas several industry pundits have described the regime of former Minister of State for Petroleum Resources, Dr Ibe Kachukwu in the recently dissolved cabinet of President Muhammadu Buhari, as lacking in definite portfolio and executive functions, his recent removal and…

As Baru exits without answer for refineries, can Kyari change the narrative?

First, he (outgoing GMD of Nigerian National Petroleum Corporation, NNPC, Dr Maikanti Baru) started in 2016, by telling Nigerians that his leadership will carry out Turnaround maintenance (TAM) that will jump the installed capacities of all four refineries to highest…

NNPC to restart oil search in Chad Basin, still mute on Gongola Basin results

At a time industry stakeholders have expressed anger on the incommunicado posture of the Nigerian National Petroleum Corporation (NNPC) over the results of its $3bn spent on oil search on Gongola Basin, the Corporation has given signal of resuming endless…

Just in: Borno State-born Mele Kolo Kyari replaces Baru as GMD of NNPC

Change of leadership baton Thursday morning emerged at the Nigerian National Petroleum Corporation (NNPC) as President Muhammadu Buhari has removed Dr Maikanti Baru and appointed Borno State trained geologist, Mr. Mele Kolo Kyari as the new Group Managing Director. Explaining…

E’Guinea to process Nigeria’s natural gas for export—Nigerian Ambassador

Whereas the key problem frustrating Nigeria’s growth in Liquefied Natural Gas (LNG) has been lack of adequate gas process infrastructure, neighbouring Equatorial Guinea with massive gas processing facilities are set to approach Nigeria for partnership. This was the revelation of…

New gas processing partnership to bridge projected shortfall in domestic supply—NNPC

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has disclosed that the new Asa North/Ohaji South (ANOH) Gas Processing Company, a partnership between it and Seplat Petroleum Nigeria may bridge the estimated shortfall in domestic gas…

Investors can shock Dangote if they buy, relocate closed refineries from Europe

Energy analysts have started assessing the possible business imports of the projected closures of refineries in Europe at a time local refining capacity has remained inadequate. Some industry experts who barred their minds with our correspondents in Lagos argued that…

Modular refinery licensees dump licenses, eye closed refineries in Europe

Fresh details have emerged on why many of the Modular Refinery licensees are yet to flag off construction activities. Investigations by Business Hilights Intelligence Unit (BHIU), an independent research arm of Business Hilights publications showed that the Federal Government had…