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Finance & Economy - Page 111

Venezuela Says U.S. Oil Sales Proceed Commercially as Revenues Climb Into Billions

Venezuela’s interim president, Delcy Rodríguez, has defended recent crude oil sales to the United States as strictly commercial transactions conducted through the state oil company, Petróleos de Venezuela, S.A. (PDVSA), insisting that pricing mechanisms follow international norms and that proceeds are being

February 13, 2026

Completion Of OB Gas Pipeline Project’ll Boost Gas Supply In Nigeria NNPCL

News·Oil & Gas

Completion Of OB3 Gas Pipeline Project’ll Boost Gas Supply In Nigeria – NNPCL

NNPCL has stated that completion of the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project will boost gas supply across the country.

June 23, 2024

Business·News·Oil & Gas

Troops Crack Down On 105 Illegal Refining Sites, Deny Oil Thieves Over N1.8bn

Troops deployed to the Joint Task Force, South-South, Operation Delta Safe, have successfully disrupted illegal refining site activities in the Niger Delta, according to the Defence Headquarters (DHQ). In a span of one week, these operations denied oil thieves an estimated sum

June 22, 2024

Business·Finance & Economy

Our Capital Raise Will Spur Growth Of Businesses, Boost Economy – Fidelity Bank MD, Onyeali-Ikpe

Managing director and CEO of Fidelity Bank Plc, Nneka Onyeali-Ikpe has expressed confidence that the bank will raise N500 billion to meet the Central Bank of Nigeria (CBN)'s recapitalisation policy requirement before the 2026 deadline.

June 21, 2024

News·Oil & Gas

TotalEnergies Ubeta Field ’ll Create Thousands Of Jobs In Nigeria – NCDMB Boss

execution of the Ubeta Field Development Project by TotalEnergies and the Nigerian National Petroleum Company Limited (NNPCL) will create thousands of jobs in the country and catalyse the economy, says the Nigerian Content Development and Monitoring Board (NCDMB).

June 21, 2024

Business·News·Oil & Gas

NNPC, TotalEnergies Sign $550M Deal To Boost Domestic Gas Production

Major Investment in the Nigerian Gas Sector On Thursday, TotalEnergies and the Nigerian National Petroleum Company Limited (NNPC) signed a $550 million Final Investment Decision (FID) for the development of the Ubeta gas field. This investment marks a major milestone in Nigeria’s

June 21, 2024

Business·Oil & Gas

NUPRC Extends Deadline For Oil Block Licencing Round

Nigerian Upstream Regulatory Commission (NUPRC), has extended the application deadline for the 2024 oil block licensing round.

June 21, 2024

Business·Oil & Gas

Jigawa Residents Spend More On Petrol As Price Rises By 223.21%

The latest data on Petrol Watch released by the National Bureau of Statistics (NBS) show that residents of Jigawa State in northwest Nigeria spent more on Premium Motor Spirit (PMS) also known as petrol.

June 20, 2024

News·Oil & Gas

Nigeria’s Oil Production Threatened As Aiteo Shuts Down 150,000bpd Field Due To Spill

There are concerns that Nigeria’s oil production output has dropped, after Aiteo Eastern Exploration and Production Company shutdown its Nembe Creek oil field, that produces about 150,000 barrels per day (bpd) on 17 June 2024. According to Aiteo E&P the leak occurred

June 20, 2024

Oil & Gas

Niger Delta Oil Pollution: Environmentalist Seeks Int’l Effort To Invest $12bn In 12 Years For Repair

Nnimmo Bassey, has called for concerted international action to generate and invest at least US $12 billion over 12 years to repair, remediate and restore the environmental and public health damage caused by oil and gas exploration in the Niger Delta.

June 19, 2024

Dangote Refinery: Of Hopes, Drools And Jokes

Business·News·Oil & Gas

Dangote Refinery Breaks Into Asian Market With First Fuel Oil Shipment

Dangote Refinery is making headlines with its first shipment of low-sulfur straight-run fuel oil (LSSR) from Nigeria to Singapore. This marks a milestone as the refinery ventures into the Asian market for the first time. Ship tracking data and market sources confirm

June 19, 2024

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Finance & Economy - Page 111

Venezuela Says U.S. Oil Sales Proceed Commercially as Revenues Climb Into Billions

Completion Of OB3 Gas Pipeline Project’ll Boost Gas Supply In Nigeria – NNPCL

Troops Crack Down On 105 Illegal Refining Sites, Deny Oil Thieves Over N1.8bn

Our Capital Raise Will Spur Growth Of Businesses, Boost Economy – Fidelity Bank MD, Onyeali-Ikpe

TotalEnergies Ubeta Field ’ll Create Thousands Of Jobs In Nigeria – NCDMB Boss

NNPC, TotalEnergies Sign $550M Deal To Boost Domestic Gas Production

NUPRC Extends Deadline For Oil Block Licencing Round

Jigawa Residents Spend More On Petrol As Price Rises By 223.21%

Nigeria’s Oil Production Threatened As Aiteo Shuts Down 150,000bpd Field Due To Spill

Niger Delta Oil Pollution: Environmentalist Seeks Int’l Effort To Invest $12bn In 12 Years For Repair

Dangote Refinery Breaks Into Asian Market With First Fuel Oil Shipment

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Senate U-Turn or Smoke Screen? Loopholes in Electoral Reform Persist

Opinion: Why Afreximbank’s Break with Fitch Exposes a Deeper Rift

Political Heavyweights Visit El-Rufai, Call for Respect for Rule of Law

U.S. Energy Secretary Wright Visits Caracas to Boost Venezuela Energy Ties

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Chinese Embassy Denies U.S. Allegations of Illegal Mining, Terror Funding in Nigeria

Dollar Rate Drops To N1,404/$ In Black Market, Rises To N1,355/$ In Official Window

Ramadan Clash: Bashir Ahmad Urges INEC to Review 2027 General Election Dates

NGX Market Cap Rises By N2.36trn To N117trn

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

Chinese Embassy Denies U.S. Allegations of Illegal Mining, Terror Funding in Nigeria

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Finance & Economy - Page 111

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