Business Hilights

Tracking Nigeria's Headline Business News Online

Nembe Creek Trunk Line (NCTL)

Aiteo clarifies Nembe Creek inferno, says facilities shut down days earlier

Aiteo Eastern Exploration and Production Co., managers of 97km Nembe Creek Trunk Line (NCTL) has revealed that the March 2, explosion that occurred in the Niger Delta, within the vicinity of Nembe Creek Well 7, behind Mile 1 Community in…

Nigeria loses 27.3mb in Feb valued at N417 billion to production disruption

A new report released by the Minister of State for Petroleum, Dr. Ibe Kachukwu has shown that the industry lost an accumulated 27.3 million barrels in the month of February to production disruptions arising from pipeline vandalism. Calculations based on…