Tag: oil and gas sector

Elumelu becomes Seplat’s largest shareholder in landmark, $496m Deal

Business Damilola Bayonle -
The transaction through which Elumelu becomes Seplat’s largest shareholder underscores a carefully structured long-term investment strategy aligned with Heirs...

NNPC refineries privatisation: PETROAN pushes bold reform to rescue failing refinery sector by Q1 2026

Business Damilola Bayonle -
The push for sweeping reforms in Nigeria’s downstream petroleum sector intensified as the Petroleum Products Retail Outlets Owners Association...

2026 oil revenue projection: FG warns of ₦60.97tn as crude output and prices fall

Business Damilola Bayonle -
The Federal Government has projected a total oil revenue of ₦60.97 trillion for the 2026 fiscal year, reflecting a...

FG launches transformative Nigerian content equity fund to boost indigenous oil and gas growth

Business Damilola Bayonle -
Nigerian Content Equity Fund to Transform Local Capacity in Oil and Gas The Federal Government has announced the unveiling of...

Nigeria achieves N371bn petrol exports as Dangote refinery reshapes energy market

Business Damilola Bayonle -
Nigeria has achieved a milestone in its oil and gas sector, recording petrol exports worth N371.54 billion in the...

Dangote Refinery: PENGASSAN declares nationwide strike

Business Damilola Bayonle -
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has declared a nationwide strike, directing its members...

N341tn oil reserves lie undeveloped in Nigeria

Business Damilola Bayonle -
Nigeria is sitting on crude oil reserves valued at a staggering N341 trillion, locked away in undeveloped fields across...

Family Feud Puts Oriental Energy’s Leadership Under Fire

Business Damilola Bayonle -
A fierce legal battle between the children of Nigerian oil magnate Alhaji (Dr.) Muhammadu Indimi and Oriental Energy Resources...

Ojulari Begins Tenure as NNPCL CEO

Damilola Bayonle -
Bashir Ojulari has officially taken over as the new Group Chief Executive Officer of the Nigerian National Petroleum Company...

NNPCL Names New 8-Man Management Team

Damilola Bayonle -
The Nigerian National Petroleum Company Limited (NNPCL) has announced the appointment of a new eight-man senior management team. This...