Business & Finance

Federal government’s policy moves to attract more foreign direct investments (FDIs) into the country’s creeping gas valorisation programme suffered a major setback weekend when expectations of resolution on the legal feud between the…
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Stakeholders in Nigeria’s oil and gas snector have urged the federal government to adopt the co-location strategy to unlock huge potentials in the country’s gas sector. The co-location initiative is an outcome of extensive Gas Based…
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The multinational oil company, the Royal Dutch Shell, says it paid over $6.397 billion to the Nigerian government and its agencies in 2018. The payment include its exploration and production activities in the country comprising Shell…
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The Nigerian National Petroleum Corporation (NNPC) on Tuesday hinted on commercialization of existing gas flare projects for the benefits of the host communities and country at large. The corporation also expressed its commitment to a…
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Oil major, Exxon Mobil, is planning to sell a suite of oil and gas fields in Nigeria as it focuses on new developments in the United States (U.S.) shale and Guyana, industry and banking sources said yesterday. The potential disposals…
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Axxela Limited has officially commissioned its Greater Lagos IV (GLIV) gas pipeline network and the newly renovated Elegbata Sports Complex. Greater Lagos IV (GLIV) is Axxela’s gas pipeline network, developed by its Gaslink Nigeria…
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-By Yange Ikyaa Today, the value of Coleman Cables, a Nigerian cable manufacturing company, is well in excess of N25 billion and still growing, according to data sourced by Valuechain from the company. In 2009, the company had 120 staff…
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Axxela Limited has officially commissioned its Greater Lagos IV (GLIV) gas pipeline network and the newly renovated Elegbata Sports Complex. Greater Lagos IV (GLIV) is Axxela’s gas pipeline network, developed by its Gaslink Nigeria…
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• Seek paradigm shift as contribution to GDP shrinks The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday said $48billion oil and gas investment opportunities have been identified in…
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The Shell Petroleum Development Company of Nigeria Limited (SPDC) has upped its contractor support fund with $200 million in a latest effort to boost the financial capacity of vendors and suppliers in Nigeria’s oil and gas industry. This…
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