Shettima visits Shell stand at 30th Nigeria Economic Summit in Abuja
L-R: Vice President Kashim Shettima; Chairman, Nigerian Economic Summit Group, Mr Olaniyi Yusuf, a security detail and Shell’s Business Value Manager, Chidi Nkazi, at the exhibition booth of Shell during the!-->…
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Aradel Holdings Debuts on NGX, Reaching $1.9 Billion Market Cap
Aradel Holdings, managed by Nigerian billionaire Ladi Jadesimi, has made a huge achievement by listing its shares on the Nigerian Exchange (NGX). The integrated energy group’s market capitalization increased to N3.053 trillion ($1.9!-->!-->!-->…
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NMDPRA Lays Seige against sharp practices by Petrol Stations – PETROAN Warns
The Petroleum Products Retail Outlets Owners Association, PETROAN, has said that the Nigeria Midstream and Downstream Petroleum Regulatory Authority will not hesitate to clamp down on sharp practice by operators in the oil and gas!-->!-->!-->…
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World Bank: Increase In Petrol Prices Could Reverse Effects of Fuel Subsidy
Increasing the price of Premium Motor Spirit (PMS), also known as petrol, may reverse the already diminishing effects of fuel subsidy removal in Nigeria, according to the World Bank.
The Bretton Wood institution made this warning in!-->!-->!-->!-->!-->…
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Now That Nigeria’s Oil Exploration Has Dropped 6.7%
Concerns that Nigeria’s financial liquidity may run into more murky waters may have been justified by latest developments in its oil exploration sector
Crude oil remains the major source of revenue for the country and there are!-->!-->!-->!-->!-->…
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Shell speaks on leaving Nigeria
Shell Petroleum Development Company’s Managing Director, Osagie Okunbor, emphasized the company's ongoing commitment to Nigeria despite its decision to divest from onshore assets.
Speaking at the Nigeria Economic Summit, Okunbor!-->!-->!-->!-->!-->…
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NNPC’s Release of N15 Billion Worth of Products Confirms CNPP’s Allegation of Economic Sabotage
The Conference Of Nigeria Political Parties (CNPP) has reacted to the recent release of N15 billion worth of products to independent oil marketers by the Nigerian National Petroleum Company Limited (NNPC).
In a statement signed by!-->!-->!-->!-->!-->…
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Adelabu: 1.3m meters will be delivered by December to aid billing efficiency
Adebayo Adelabu, minister of power, says 1.3 million meters will be delivered between December and the second quarter (Q2) of 2025.
Adelabu spoke on Tuesday at the ongoing Nigeria Energy Summit held in Lagos.
The minister said!-->!-->!-->!-->!-->!-->!-->…
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National Grid Recovery Almost Complete After Partial Disturbance
By William Emmanuel Ukpoju
The Transmission Company of Nigeria (TCN) has announced that recovery efforts are almost complete after a partial grid disturbance on Monday, October 14, 2024.
According to TCN's General Manager!-->!-->!-->!-->!-->!-->!-->…
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Latest Petrol Price Hike, Update On Fuel Scarcity As At Oct 16, 2024
As Nigerians continue to groan over the recent increase in fuel prices by the Nigerian National Petroleum Company (NNPC) Limited, Naija News brings you the latest update on petrol scarcity, fuel price increase and Govt/citizens’!-->!-->!-->…
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