Category: Business News
Business News
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.
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.
‘‘Unstoppable Africa” concludes with key announcements and commitments to drive growth in Africa
The initiative is poised to continue its momentum toward a future where Africa leads on the global stage.
Africa Finance Corporation, Itana partner to establish Africa’s first digital economic zone in Nigeria
The Itana Digital Economic Zone in Lagos, Nigeria is intended as an online jurisdiction and to serve as a gateway to build a global business in Nigeria
14 students benefit from Egbin Power’s 9th Scholarship Awards
I am truly grateful to Egbin Power for believing in me and giving me this opportunity.
Moody’s affirms AFC’s A3 Rating with a change from Negative to Stable Outlook
The change in outlook to stable from negative is driven by our expectation that AFC will be able to maintain astable.
US, European Union to back Nigeria’s plan to combat flooding
The EU donation is part of its release of €5.4 million in humanitarian aid to address flooding in Nigeria and five other countries.
Oando @ 30: The rise and rise of an indigenous Nigerian oil company
Oando Plc has rolled out drums to celebrate 30 years of existence with a track record of outstanding services in the oil industry.
Abuja Disco to pay N1.69bn fine for overbilling electricity consumers -NERC
The fine, amounting to N1.69 billion, is the result of AEDC’s non-compliance with NERC’s previous order on capping estimated billing for electricity consumers.