Business & Finance

In an effort to further consolidate the revenue profile of the Nigeria National Petroleum Corporation (NNPC), the Group Managing Director (GMD) Dr. Maikanti Baru and his management team have taken audacious steps to double investments base…
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The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertilizer projects come on stream. This potential reversal of roles was disclosed by the…
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*Oil to trade between $55 and $60pb in 2019 ...Agriculture to sustain non-oil sector growth in 2019 Meristem Research, in its 2019 Outlook, has indicated that improved activities across major sectors kept the Nigerian economy on the…
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The Major Oil Marketers Association of Nigeria, MOMAN at the weekend, said it would not established refinery in Nigeria for now due to the huge cost involved the nation’s harsh economic and the regulatory environment. The development,…
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The Nigerian National Petroleum Corporation (NNPC) and two oil companies in Nigeria are in talks over infusion of funds into NNPC that will be budgeted to develop oil leases that are operated by NNPC unit. NNPC is negotiating…
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...Polish refiner offers to buy tonnes of Nigerian crude The Nigerian Government has extended the submission date for the first step of the licencing round for uptake of flare gas sites in the country. The submission deadline for…
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Forte Oil Plc plans to enter into talks to sell its power unit to its major investor, Mr. Femi Otedola, after it failed to secure a deal via a public tender. Forte Oil Depot Forte Oil said in a statement yesterday that it was seeking…
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Nigeria’s state oil firm NNPC said on Friday it had paid $993.7 million up to September in arrears owed to its joint ventures with multinational oil companies by September, and still had to make up payments of $3.95 billion. The…
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Following the positive steps taken by the federal government to ensure that the use of Liquefied Petroleum Gas (LPG) or Cooking Gas becomes the norm, investigation by LEADERSHIP has shown that at least N50billion would be required to start…
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Henry Ikem Obih, chief operating officer, Downstream, Nigerian National Petroleum Corporation on his country’s plan to become a refining hub and its cooperation with the energy industry in Niger Nigeria and the Republic of Niger…
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