NGEP, CNG TO TAKE NIGERIA FROM OIL-BASED ECONOMY TO GAS-BASED ECONOMY, FG ANTICIPATE 5 BILLION CUBIC FEET OF GAS

The Nigerian Gas Expansion Program (NGEP) and the Compressed Natural Gas (CNG) initiative have been noted to have the capacity to take Nigeria from...

NIGERIA’S OIL OUTPUT SURGE SPARKS A SHOWDOWN WITH OPEC

Nigeria, Africa's most populous country and largest oil producer, is pushing for increased oil output despite a recent drop in crude prices. Brent crude...

RUSSIA STARTS FREE GRAIN SHIPMENT TO AFRICA

As part of President Vladimir Putin’s pledge to six African nations in July, Russia has started to deliver free grain to the continent. Dmitry...

NGX COMMITTED TO COST EFFICIENCY OF CAPITAL MARKET TRANSACTIONS

Mr Temi Popoola, Chief Executive Officer of Nigerian Exchange Limited (NGX), has emphasized the Exchange's commitment to further improving the cost efficiency of capital...

IEA ANTICIPATES A RISE IN GLOBAL OIL DEMAND TO 102 MILLION BARRELS PER DAY (BPD) FOR THE 2023-2024 PERIOD

International Energy Agency (IEA) projects robust growth in global oil demand, surpassing initial expectations. The agency anticipates a demand of 102 million barrels per...

UNION BANK APPROVES INCREASE PRICE FOR MINORITY STAKEHOLDERS, FINALISES DELISTING PROCESS FROM NGX

One of Nigeria’s oldest banks, the Union Bank of Nigeria, has announced an increase in the price at which the stakes of minority shareholders...

DANGOTE REFINERY OBTAINS LICENCE TO REFINE 300,000 BPD CRUDE OIL

Dangote Refinery is set to refine about 300,000 bpd crude oil. African richest man, Aliko Dangote said this in an interview in Riyadh on...

AFRICAN DEVELOPMENT BANK PLEDGES $1.5 BILLION TO PROMOTE EXPORT OF FARM PRODUCTS IN AFRICA

About 1.5 billion dollars has been provided through the Special Agro-Industrial Processing Zones (SAPZs) program, by the African Development Bank (AfDB) to advance the...

NNPCL LAUNCHES NEW CRUDE GRADE

The Nigerian National Petroleum Company Limited (NNPCL) announced on Tuesday that it had launched a new crude oil grade called 'Nembe' and had dispatched...

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