Tag: Heineken Lokpobiri

Oil Boom Window Opens: Nigeria Urges Operators to Boost Production as Prices Surge

Business Damilola Bayonle -
Nigeria’s oil and gas sector is once again at a critical crossroads, as rising global crude prices create a...

Nigeria moves to fully fund Africa Energy Bank as capital delays stall $5bn continental lender

Business Damilola Bayonle -
Africa Energy Bank funding boost gains momentum as Nigeria offers to cover capital shortfall The Federal Government has intensified efforts...

Nigeria attracts $18.2bn oil investments as 28 new field plans signal sector revival

Business Damilola Bayonle -
Nigeria’s oil and gas sector recorded a major turnaround in 2025, attracting $18.2bn in fresh investments following the approval...

FG rules out signature bonus refund as Nigeria tightens oil licensing rules

Business Damilola Bayonle -
Nigeria’s Federal Government has taken a firm stance on upstream petroleum investments, warning prospective investors in the 2025 oil...

Nigerian deep offshore drilling: Minister Lokpobiri highlights capacity gaps in local industry

Business Damilola Bayonle -
No Nigerian Firm Can Handle Deep Offshore Drilling – Minister Lokpobiri Warns The Minister of State for Petroleum Resources (Oil),...

Fed Govt supports modular refineries to combat pipeline vandalism in Nigeria

Business Damilola Bayonle -
In a bold move to tackle the persistent menace of crude oil pipeline vandalism in Nigeria, the Federal Government...

FG uncovers diversion of frontier exploration fund, vows tough action to protect energy future

Business Damilola Bayonle -
The Federal Government of Nigeria has launched an investigation into the alleged diversion and misuse of Nigeria’s Frontier Exploration...

Africa’s $120bn oil import crisis: Lokpobiri pushes for downstream oil market reform

Business Damilola Bayonle -
Africa’s dependence on imported hydrocarbon products reached a staggering $120 billion in 2024, underscoring the continent’s heavy reliance on...

Subsidy removal boosts FAAC payouts to N2 trillion monthly

Business Damilola Bayonle -
Nigeria’s monthly revenue allocation to the three tiers of government has doubled to over ₦2 trillion, a direct outcome...

Nigeria sticks to OPEC rules amid Output Rise – Lokpobiri

Business Damilola Bayonle -
Nigeria has restated its commitment to the Organisation of Petroleum Exporting Countries (OPEC) production rules, despite recent increases in...

NNPC Chief, Top Executives Set for NAPE’s 50th Anniversary

Business Damilola Bayonle -
The Nigerian Association of Petroleum Explorationists (NAPE) will today, Thursday, August 14, host a historic gathering in Lagos to...

NNPC, First E&P Achieve Major Oil Sector Safety Milestone

Business Damilola Bayonle -
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner, FIRST Exploration and Petroleum Development Company...