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CATEGORY

Energy

Shell to Sell Nigeria Onshore Oil Business for $1.3 Billion

Shell Plc agreed to sell its Nigeria onshore oil business to a consortium of local companies for more than $1.3 billion, a historic shift...

Geregu Power Hits N1.07 Trillion Market Cap as Stock Closes in on N1,000

Geregu Power Plc, the first electricity company to be admitted into the main board of the Nigerian Exchange Limited (NGX), has hit N1.07 trillion...

Naira Gets Support as Afreximbank, UBA Disburses $2.25bn NNPC Oil Prepayment Loan

The African Export-Import Bank (Afreximbank), a pan-African multilateral financial institution, has confirmed the disbursement of an initial $2.25 billion under a syndicated $3.3 billion...

NNPC Ltd, Records Over N2.5trn Profit in 2022

The Nigerian National Petroleum Company (NNPC) Ltd says it recorded a profit of N2.548 trillion in 2022. The national oil company in its 2022 Financial...

Dangote Petroleum Refinery Starts Production of Aviation Fuel, Diesel

Dangote Petroleum Refinery has commenced production of diesel and aviation fuel. President of Dangote Group, Alhaji Aliko Dangote, elatedly thanked President Bola Ahmed Tinubu for...

Seplat Energy Completes 300MMscfd ANOH Gas Plant

Seplat Energy Plc has announced that the ANOH gas plant installation works reached mechanical completion in line with the revised timetable. It has been achieved...

These are The Remaining OPEC Members After Angola’s Exit

Angola announced this week that it’s quitting OPEC after 16 years of membership amid a dispute over oil production quotas. Angola’s exit will shrink members...

Nigeria Affirms Commitment to OPEC After Angola’s Exit

Nigeria has affirmed its commitment to OPEC the oil-producer group following the exit of Angola last week. “We are resolute in our dedication to OPEC’s objectives...

Angola Quits OPEC Over Disagreement on Oil Quotas

Angola announced it’s leaving OPEC after 16 years of membership amid a dispute over oil production quotas. “Our role in the organization was not deemed...

Dangote Refinery Receives Second One Million Barrels of Crude

Dangote Refinery has made a further move towards the commencement of production of refined petroleum products with the receipt of an additional one million...

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