30 results
- 22 Aug 2024
NNPC Shares Update on Northern Oil Exploration Efforts, Pledges Continued Support for FG's Ambition in Frontier Regions
Nigerian National Petroleum Company Limited (NNPC) has provided updates on its crude oil exploration activities in the Northern part of the country, reiterating its commitment to achieving the…
- 7 Jan 2026
NNPC’s $1.42bn, N5.57trn Debt Write-Off and Test of Nigeria’s Fiscal Governance
By Blaise Udunze When the Federal Government approved the write-off of about $1.42 billion and N5.57 trillion in legacy debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the…
- 5 Nov 2025
NNPC Rules Out an IPO for Now
Nigerian National Petroleum Company (NNPC) Limited, state-owned oil company, has suspended plans for a potential public listing, confirming it will remain entirely government-owned for the…
- 16 May 2024
President Bola Tinubu Commissions Seplat Energy’s ANOH Gas Processing Plant
The President of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu has commissioned the Seplat Energy ANOH Gas Processing Plant, marking a significant milestone in Nigeria's energy…
- 9 Apr 2024
Nigeria to Get Oil-Backed $1Bn Afreximbank Loan in May
Nigeria is set to receive $1.05 billion from a syndicated loan backed by oil by the end of May to help revive its economy and boost the supply of hard currency on the local foreign exchange market.…
- 14 Jul 2024
NNPC Cuts Investment In Dangote Refinery From 20 Percent to 7.2 Percent
Nigerian National Petroleum Company (NNPC) Limited has reduced its investment in the Dangote Refinery from 20 per cent to 7.2 per cent, according to Aliko Dangote, chief executive officer, Dangote…
- 2 Aug 2014
NNPC: Jonathan Fires Yakubu, Appoints Dawha
President Goodluck Jonathan Friday sacked Andrew Yakubu as the group managing director (GMD), Nigerian National Petroleum Corporation (NNPC) and appointed Dr Joseph Thlama Dawha to replace him. He…
- 27 Mar 2025
NNPC Ready to Go to Capital Market for IPO- CFIO
Nigerian National Petroleum Company (NNPC) Limited has announced its readiness for the capital market with an Initial Public Offer (IPO) now in the final stage. Mr. Olugbenga Oluwaniyi, chief finance…
- 25 May 2025
HEDA Sues FG, Oil Giants over Alleged Unlawful Oil Licence Transfer
Incorporated Trustees of HEDA Resource Centre have filed a lawsuit against the Federal Government, multinational oil companies, and Nigerian government agencies at the Federal High Court in Lagos,…
- 10 Apr 2026
REVEALED: How Nigeria’s Energy Crisis is Driven by Debt and Global Forces
By Blaise Udunze For months, Nigerians have argued in circles. Aliko Dangote has been blamed by default. They have accused his refinery of monopoly power, of greed, of manipulation. They have pointed…
- 20 Jan 2023
Evolve Restates Commitment to Tackling Global Climate Change by Educating the Girlchild
Evolve, a non-profit organization that focuses on girl-child education, and its lead partner, Polaris Bank have restated their commitment to curbing global warming through intervention in the…
- 3 Dec 2025
NEC Endorses N100Bn Overhaul of Police and Security Training Facilities
National Economic Council (NEC) has approved the sum of N100 billion, subject to a final ratification by President Bola Tinubu, for rehabilitation of training institutions for police and other…
- 9 Mar 2021
Firm Asks Court to Freeze SAP Accounts over Alleged Contract Breach
B4G Consulting Ltd has asked a Lagos State High Court to restrain Systems Applications Products (SAP) from dissipating $3,371,945.27 and N5mllion with 28 Respondents including the Central Bank of…
- 18 Mar 2018
Shell Debunks Amnesty Allegations on Spills Management in Niger Delta
Shell Petroleum Development Company of Nigeria Ltd (SPDC) has denied allegations of environmental mismanagement in the Niger Delta levelled against it at the weekend by Amnesty International,…
- 7 Jul 2024
Seplat Donates Two More STEAM Labs in Benin
The NEPL/Seplat Energy JV has unveiled two more Science, Technology, Engineering, Arts, and Mathematics (STEAM) Labs at both the Edo Boys High School and New Era College, both in Benin City, Edo…
- 17 Aug 2012
NEITI Thumbs Up Govt for New Board
Nigeria Extractive Industries Transparency Initiative (NEITI) has commended the bold steps taken by the Federal Government to appoint experienced professionals from diverse backgrounds to serve as…
- 24 May 2017
Ifeanyi Ubah Should Die for Diverting N11Bn Petrol – DSS
The Department of State Services (DSS), says the discovery that Ifeanyi Ubah, chief executive officer, Capital Oil and Gas Ltd, allegedly diverted about 80 million litres of Premium Motor Spirit…
- 16 Sept 2014
Total Resumes $2.5B Nigerian Deepwater Oil Field Sale
France's Total SA, Europe's second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed. Total has…
- 24 Jan 2013
Brass LNG Suffers Multiple Headaches
The Brass Liquefied Natural Gas (LNG) project, designed to produce 10 million metric tonnes of LNG per year may be dead on arrival after all, because the economics does not add up, Nigeria…
- 18 Dec 2015
NNPC/SNEPCo Showers Gifts on Innercity Pupils
NNPC/SNEPCo showers gifts on school children at end of year party pupils of the Innercity Mission School, Lagos were proud hosts of a Christmas party organised by Shell Nigeria Exploration and…
- 27 Nov 2018
African ICT Foundation Rebrands, Seeks Nomination for New Board of Trustee
As part of its rebranding and re-engineering process, which began few months ago, the African ICT Foundation has begun the search for a new Board of Trustee to position the Foundation to meet its key…
- 8 Jan 2013
NNPC Borrows $1.5Bn to Pay Fuel Debts
Nigerian National Petroleum Corporation (NNPC) has obtained a $1.5 billion syndicated loan to help it pay debts to international fuel traders, Reuters reported Monday, quoting a senior banking source…
- 24 Dec 2024
Greenwich Group Celebrates 30 Years of Financial Innovation
Greenwich Group, a leading financial solutions provider in Nigeria, is celebrating 30 years of delivering innovative financial solutions tailored to the evolving needs of stakeholders while…
- 30 May 2024
NDDC Receives $142m from Shell Nigeria, Partners in 2023
A total of $142.5 million was paid to the Niger Delta Development Commission (NDDC) last year by The Shell Petroleum Development of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production…
- 28 Jul 2024
LH Telecoms, Nigerian Firm Acquires Majority Stake in 9mobile, Changes Board
LH Telecoms Limited, a Nigeria based company has acquired Emerging Markets Telecommunication Services Limited, operating under the trade name 9Mobile. According to a statement issued on Sunday by the…
- 10 Jul 2012
Standard Bank Group, JP Morgan Finance Acquisition of Oil Mining Lease
The Standard Bank Group and JP Morgan have provided instrumental support in financing the acquisition price of oil mining lease in Nigeria (OML 30). Standard Bank will further provide the permanent…
- 1 Mar 2018
Nigeria’s 1st Marine Engineering Centre of Excellence Takes off @ RSU
The Centre of Excellence (CoE) in Marine Engineering and Offshore Technology established by the Shell Petroleum Development Company of Nigeria Ltd (SPDC)-operated joint venture at the Rivers State…
- 30 Jul 2021
Shell Hires Standard Chartered for Sale of SPDC, Major Divestment in Nigeria
Royal Dutch Shell has launched a major divestment of its Nigerian assets, several sources familiar with the matter said. Shell has hired Standard Chartered to sell its Shell Petroleum Development…
- 6 Feb 2017
Chevron in Major Roll-Out with Zinox Computer
Information gathered during a recent oil expo indicates that Chevron Nigeria, a world leading integrated energy multinational corporation with headquarters in the United States, has engaged the…
- 19 Aug 2016
Start-Ups Die Because People Launch Ideas Very Quickly- Nwaukor
Hillary Nwaukor is the founder & CEO, I-Naira Integrated Resources Ltd with over 10 years of business management consulting experience. Nwaukor an avid sales person, started his career as a…