Business Specials

U.S. Trade Agency provides N250 billion support to Dangote refinery

Mr. Dangote says his company is looking forward ‎to the commissioning of the refinery in 2018

Port Harcourt, Warri refineries commence production, says NNPC

About 8.5 million litres of fuel is projected to come from the two refineries daily

Oil rig

Why Buhari may revisit dissolution of NEITI board

Absence of the Board will technically stall the work of NEITI in the extractive industries

Joda Committee sets ambitious targets for Buhari to turn around oil, gas industry

The Committee wants corruption addressed, and NNPC overhauled while PIB is reviewed.

Fuel Scarcity: NNPC moves against 3 marketers, revoke licenses

Fuel marketers all over the country have been warned to desist from illegal business of products diversion, hoarding.

Buhari vows to reform Nigeria’s oil sector

The visiting delegation urges the President to restore the confidence of investors in the industry.

JTF in talks with Shell, Bayelsa communities over closure of flow station

The four host communities, which shutdown the Shell facility on Monday are Imiringi, Otuasega, Oruma and Elebele.

Joda committee wants Buhari to probe NPDC

The current NPDC SAA operating model should be reviewed or revoked.

Gas-to-power: Joda committee proposes merger of DPR, NERC

The measure will help increase the volume of natural gas available to the power sector.

Oando sells off majority stake in downstream business

A consortium comprising Helios and Vitol to acquire equity stake in the Nigerian company

fuel queue

Fuel queues return to Abuja, as NNPC claims no cause for alarm

The NNPC warns consumers against panic buying, saying there was sufficient stock of products to last 25 days.

Again, Court restrains Agip in gas plant contract tussle with Arco

Arco had appealed to the court to restrain Agip from taking any action on the disputed contract to avoid jeopardising the job of over 300 Nigerians.

Muhammadu Buhari talking

Buhari promises reforms, new policies to boost oil, gas income

NLNG asked the President’s intervention in reducing the number of multiple government agencies that make its business globally uncompetitive.

Nigeria’s four refineries to resume production in July

The NNPC says Port Harcourt refineries are  scheduled to begin to receive crude next week

Fuel crisis: Marketers, oil workers differ on oil swap proposal

The operators disagree over a plan to replace fuel subsidy with an arrangement of sending crude oil overseas for refining.

EITI tasks Buhari on oil production, revenue transparency

The group wants its principles integrated into the new government’s policy.

Court rejects Agip’s objection in gas plant case against Arco

The Court says it has the jurisdiction.

Muhammadu Buhari talking

Nigeria’s financial crisis deepens as revenue allocation meeting fails to hold

Anxiety has mounted in the states with the cancellation of the meeting.

EITI Chair to meet Buhari on Nigeria’s extractive industry

The non-implementation of the recommendations have been blamed on lack of strong political will by governments.

Nigerian govt. should sell off its oil equity — NEITI

Government’s inability to meet its obligations has resulted in several cut backs on industry programmes.

Muhammadu Buhari talking

Buhari vows to probe ‘missing’ NNPC $20 billion

“$20 billion is too big to ignore. This is Nigerian money and it must be investigated.”

Oil rig

​Shell says f​ire at Kolo creek fields in Bayelsa extinguished​

The fire started five days ago.

A petrol station used to illustrate the story

Oil marketers threaten to stop importation over unpaid subsidy

Oil marketers say they fear that the subsidy payment was not included in the 2015 budget.

Nigeria moves to limit business tax holiday to 3 years

Pioneer status grants a beneficiary company an initial five years tax holiday, subject to additional three years on approval.

​Nigeria electricity regulator seeks control over gas supply to power stations

Government must overhaul the current arrangement where the Nigerian National Petroleum Corporation regulates both gas supply and transport to power plants, NERC chairman says.