Business News
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67Nigeria Imports 31.8m Litres of Petrol Daily to Bridge Local Refining Shortfall
Nigeria is currently importing about 79.5 per cent or 31.8 million litres of Premium Motor Spirit (PMS), popularly called petrol to bridge local...
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171Oil firms, Dangote Sign Deal for Affordable Petrol Supply
The Dangote Petroleum Refinery says Heyden Petroleum and Ardova Plc have joined it to ensure the supply of affordable Premium Motor Spirit...
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159NNPCL, States Differ as North-East Oil Exploration Remains in Limbo
The Nigerian National Petroleum Company Limited and officials of the Gombe and Bauchi state governments have expressed divergent views over the seemingly...
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142Oil Extends Gains on Optimism Over Policy Support for Growth
Oil prices extended gains on Friday after closing at their highest in more than two months in the prior session, amid hopes...
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161NUPRC Launches Decarbonisation Policy to Enhance Energy Sustainability
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a policy aimed at accelerating decarbonisation and energy sustainability within Nigeria’s upstream oil...
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52Nigeria Exports ₦181.62b Electricity in 9 Months
Nigeria exported N181.62bn worth of electricity from January to September of 2024, analysis of data from the National Bureau of Statistics (NBS)...
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131NUPRC Sets 367.5mbbls Crude Production Target for Oil Firms in H1
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set a crude oil production target of 367.5 million barrels for oil firms operating...
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51RSA Holders Transfer ₦1.41tr in 16 Quarters –PenCom
Data from the National Pension Commission has shown that 312,771 Retirement Savings Account holders have moved about N1.41tn from one Pension Fund...
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152Oil Rises as Investors Return from Holidays, Eye China Recovery
Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery...
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184NNPC Announces Commencement of Production at Warri Refinery
The Nigerian National Petroleum Company Limited (NNPC) yesterday announced the restart of the 125,000 barrels per day (bpd) Warri Refinery and Petrochemical...
