Business Hilights

Tracking Nigeria's Headline Business News Online

Nigeria International Petroleum Summit (NIPS)

NNPC at NIPS, says ‘Our refineries must come back,’ silent on how

For anxious Nigerians and industry stakeholders attending the ongoing 3rd Nigeria International Petroleum Summit (NIPS) in Abuja, it was total confusion when the Group Managing Director, the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari said ‘Our refineries must come…

All set for launch of National Gas Transportation Network Code by FG today

After years of strategic planning, the Federal Ministry of Petroleum Resources (FMPR) will today, Monday, February 10, 2020, formally launch the National Gas Transportation Network Code (NGTNC). The unveiling, Business Hilights gathered, would form key part of the opening ceremony…

3rd International Petroleum Summit to deepen gas revolution in Feb.

Furtherance to December 2019 declaration by the Minister of State for Petroleum Resources, Chief Timipre Sylva that 2020 is the Year of Gas Revolution in Nigeria, logistics and planning are currently ongoing for the third annual Nigeria International Petroleum Summit…

Nigeria Int’l Petroleum Summit 2019 gets African Energy Chamber’s seal

The African Energy Chamber (AEC) Tuesday endorsed the Nigeria International Petroleum Summit (NIPS), to be held in Abuja’s International Conference Centre on January 27-30, 2019. Members of the chambers include the majority of the international oil companies (IOCs), services companies…

Framework compelling oil majors to build refineries in Nigeria underway—Minister

Worried by observed poor investments of International Oil Companies (IOCs) in local refining sub-sector over the years, the Federal Government has revealed that fresh legal framework is being developed to compel them to invest in refining products than only production…

Failure to resuscitate refineries 3 years on, may embarrass FG today at NIPS

One of the most unexplainable embarrassments to the present government among the comity of oil producing economies as Nigeria begins to host the world at the Nigeria International Petroleum Summit (NIPS), is the moribund nature of all four national refineries….