Category: Business News
Business News
Americas LNG Summit & Awards 2025 returns to Lake Charles, Louisiana, October 19–21
By Oke Peter London — The LNG industry is poised to contribute $1.3 trillion to the U.S. GDP by 2040, creating over 500,000 American jobs and strengthening global energy security. Against this backdrop of exponential growth, the 21st Americas LNG Summit & Exhibition will return to Lake Charles, Louisiana, from October 19 to 21, 2025….
Dangote Refinery: PENGASSAN suspends strike after constructive dialogue and FG intervention
The Federal Government’s timely mediation, along with Dangote Refinery’s willingness to engage in dialogue, paved the way for a peaceful resolution and the suspension of the strike.
Nissan Africa honours Top-Performing Dealers at 2024 NIMA Ignition Awards
The Nissan NIMA Ignition Awards spotlight dealers that have gone above and beyond in delivering the brand’s promise of quality, innovation, and customer-centric service.
Industrial tensions escalate as Court temporarily halts PENGASSAN’s threat against Dangote Refinery
Justice Emmanuel Danjuma Subilim granted an interim injunction on Monday barring PENGASSAN from executing its threat to disrupt crude and gas supply to the multi-billion-dollar refinery.
Africa Finance Corporation secures landmark $1.5 billion syndicated loan to support infrastructure investment
This landmark transaction reinforces AFC’s standing as a trusted institution in the global capital markets and demonstrates our ability to mobilise capital at scale for Africa,
Fuel crisis looms as PENGASSAN shuts down NNPC, NUPRC, others
PENGASSAN ordered the immediate suspension of crude oil and gas supply to the Dangote Refinery.
PENGASSAN shuts down Dangote Refinery and Fertiliser Plants over mass sack
The shutdown, which began early Sunday, affected several sections of the facility.
Dangote Refinery sacks all Nigerian workers 24 hours after joining PENGASSAN
The development comes less than 24 hours after 90 percent of them joined the Petroleum and Natural Gas Senior Staff Association of Nigeria.
NNPC receives ₦318bn for frontier oil exploration
Key activities included logging and testing of the Eba-1 well in the Dahomey basin, new drilling in Bida, re-evaluation of Wadi wells in Chad, and reassignment of Ebeni-1 drilling in Benue.
African Social Security Association partners AFC to unlock $1.17tn in National Savings for Infrastructure partners AFC to unlock $1.17tn in National Savings for Infrastructure
This initiative is about Africans coming together to put our own capital to work for Africa’s growth.