ENYO invests N8bn in downstream business, targets expansion, acquisition
Mr Abayomi Awobokun, the Chief Executive Officer, ENYO Retail and Supply Ltd., said the company has invested over eight billion naira into downstream retail...
NLNG flags off 2019 Nigeria Prize Science, Literature, and Literary Criticism competitions
The Advisory Boards for The Nigeria Prize for Science, The Nigeria Prize for Literature and The Literary Criticism Prize, sponsored by Nigeria LNG (NLNG)...
FG Orders IOCs To Pay $20Bn Taxes , as Fear Of Divestment Looms
…Shell, Chevron Exxon Mobil To Pay About $2-$5Bn Each
The federal government has directed international oil companies to immediately pay nearly US$20 billion in taxes...
FG may slash oil production to boost crude price
The federal government has expressed its willingness to reduce oil output to help secure higher prices.
The decision came from a statement by the presidency...
Axxela receives positive credit rating
Axxela Limited, sub-Saharan Africa’s power company has been assigned national scale issuer ratings of BBB+ (NG) and A2 (NG) in the long term and...
Tender for NLNG Train 7 out in April – NCDMB
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has said the Nigeria Liquefied Natural Gas Limited(NLNG) will issue...
China & Nigeria to spearhead global refining industry capex and capacity additions to 2023...
China and Nigeria are expected to be the major contributors to the global refining industry capacity growth from planned and announced projects between 2019...
NBS says diesel price increased by 1.59% in January 2019
The Nigerian Bureau of Statistics (NBS) has said that the price of diesel increased to N225.09 in January from N219.54 recorded in December 2018.
It...
Schneider Electric partners Nigerchin on Electricians Programme
A global leader in energy management and automation, Schneider Electric, recently signed an MOU with NIGERCHIN, a leading cable manufacturer in Nigeria, for the...
Nigeria’s oil output currently as low as 1.1m bpd – NNPC official
Nigeria’s crude oil and condensate production has fallen almost 50% from the start of the year to around 1.1 million b/d, an official from...
