Finance & Economy - Page 41

Vessels Discharge Hitches Causing Fuel Scarcity – NNPC

NNPC Faces Fuel Scarcity As Payment Backlog Of $6bn Mounts

Long Queues Return Amidst $6 Billion Debt Fuel scarcity is once again gripping Nigeria as the Nigerian National Petroleum Company (NNPC), struggles with a $6 billion petrol payment backlog. Long queues are

Emmanuel Ochayi

5 months ago

Business·Latest News·Oil & Gas

Gas Production: NNPC Set To Build 100 CNG Sites, 3 LNG Stations

The Nigerian National Petroleum Company Limited (NNPCL), has announced plans to build not less than 100 Compressed Natural Gas (CNG) sites and three Liquefied Natural Gas (LNG) stations to boost gas production.

Victor Ezeja

5 months ago

Business·Latest News·Oil & Gas

Nigerian Govt Approves Oando’s Acquisition Of Agip

Nigerian government has announced completion of the deal for acquisition of 100% Nigerian Agip Oil Company (NAOC), by Oando PLC. Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe,

Victor Ezeja

5 months ago

Business·Latest News·Oil & Gas

We’ve Declared War Against Challenges Affecting Crude Oil Production – NNPCL Boss

In a bid to scale up crude oil production, the Nigeria National Petroleum Company Limited (NNPCL) says it has declared a state of emergency in the oil and gas industry. NNPCL Group

Victor Ezeja

5 months ago

Weak Naira: CBN Sells $543.5m To Boost FX Market

Business·Currency·Latest News

CBN Orders Banks, Forex Dealers To Accept Old, Lower Dollar Denominations

The Central Bank of Nigeria (CBN) has warned licensed forex dealers and Deposit Money Banks (DMBs) against rejecting older and smaller denominations of US dollars. The apex bank stated that they are

Victor Ezeja

5 months ago

Nigeria’s 1.8mbpd Oil Production A Drop In The Bucket – Economist

Business·Latest News·Oil & Gas

Nigerian Govt Halts Bidding For 5 Oil Blocks Over Litigation

The Nigeria Midstream and Downstream Petroleum Regulatory Commission (NUPRC), has reportedly removed five oil blocks from the 2024 licensing round due to legal disputes. According to NUPRC, the affected oil blocks are

Victor Ezeja

5 months ago

Aiteo Cancels Surveillance Contracts With Security Companies Amid Security Breaches

Business·Latest News·Oil & Gas

Aiteo Cancels Surveillance Contracts With Security Companies Amid Breaches

Indigenous oil firm, Aiteo Eastern Exploration and Production Company (AEEPCO), has revoked its contracts with surveillance security providers following cases of security breaches around its facilities. In a statement released on Monday,

Victor Ezeja

5 months ago

Business·Finance & Economy

Court Orders Meeting For Access Pensions Limited, ARM Pensions Managers Merger

High Court Directs Shareholders to Convene for Approval of Merger Scheme The Federal High Court in Lagos has ordered a meeting of the shareholders of Access Pensions Limited to consider and approve

Emmanuel Ochayi

5 months ago

Business·Latest News·Oil & Gas

Oil And Gas Sector’s Contribution To Nigeria’s GDP Less Than 10%- NUPRC

Oil and Gas Sector’s Low GDP Contribution The oil and gas sector in Nigeria contributes less than 10 per cent to the country’s Gross Domestic Product (GDP), according to Ofoegbu Kelechi, the

Emmanuel Ochayi

5 months ago

Business·Finance & Economy

Nigeria’s Capital Importation: Banking Sector Records Highest Inflow In Q1 2024

Nigeria’s Banking Sector recorded the highest inflow with $2.06 billion, representing 61.24% of total capital imported in the first quarter (Q1) of 2024. According to a report on capital importation in the

Victor Ezeja

5 months ago

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Finance & Economy - Page 41

NNPC Faces Fuel Scarcity As Payment Backlog Of $6bn Mounts

Gas Production: NNPC Set To Build 100 CNG Sites, 3 LNG Stations

Nigerian Govt Approves Oando’s Acquisition Of Agip

We’ve Declared War Against Challenges Affecting Crude Oil Production – NNPCL Boss

CBN Orders Banks, Forex Dealers To Accept Old, Lower Dollar Denominations

Nigerian Govt Halts Bidding For 5 Oil Blocks Over Litigation

Aiteo Cancels Surveillance Contracts With Security Companies Amid Breaches

Court Orders Meeting For Access Pensions Limited, ARM Pensions Managers Merger

Oil And Gas Sector’s Contribution To Nigeria’s GDP Less Than 10%- NUPRC

Nigeria’s Capital Importation: Banking Sector Records Highest Inflow In Q1 2024

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