Nigerian troops impound over 230,000 litres of stolen crude, destroy 30 illegal refinery sites
This operation also resulted in the confiscation of 44 cooking pots and 6 wooden boats along the Imo River.
Month: October 2024
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Tinubu condoles with Mele Kyari over daughter’s death
Fatima died Friday at the age of 25 after protracted illness.
Ministry of Solid Minerals Development endorses Nigeria Mining Week
Fostering a robust environment in line with Renewed Hope Agenda
Ministry of Communications and Aleph Group collaborate to train 2,600 Nigerian youth in digital advertising skills
Through this collaboration, young Nigerians will gain access to Aleph’s Digital Ad Expert (DAE) programme.
Chinese NOCs see upstream gains and downstream losses
By Shi Weijun China’s state-owned oil companies have succeeded in raising domestic oil and gas production, but their refining businesses are being squeezed China’s three NOCs continued to grow their E&P businesses strongly in H1 2024, but there were signs of weakness in downstream operations due to softer-than-expected fuel sales resulting from challenging economic conditions…
Nigerian govt begins crude oil sales in Naira
The sale in Naira takes effect from 1 October, the Federal Ministry of Finance said.
FG to unlock $10 billion deep-water investment with new oil and gas tax relief package
Over the next few years, they plan to spend another $90 billion to develop deepwater oil and gas projects.
Africa Finance Corporation returns to Global Debt Capital Markets with oversubscribed five-year US$500m Eurobond
The significant oversubscription and success of this bond issue is an endorsement of our impressive financial performance.
Port Harcourt refinery fails to commence operations after six postponements
The President of the Dangote Group, Aliko Dangote, said $4bn had been spent by the Federal Government in an attempt to revive the nation’s refineries.
ALL ON, USADF partner to expand energy access in Nigeria
This new initiative will see both organizations commit a combined $10 million over the next three years to support innovative, African-owned businesses providing sustainable energy solutions.