Category : Search result: Nigerian oil and gas


Presco Plans ₦23.7 Billion Rights Issue for Expansion

Nigerian agro-industrial giant Presco Plc announces ambitious ₦23.7 billion capital raise through rights issue to fund expansion projects and enhance palm oil production capabilities across its operations.

Valid Concert 2025: Legends and Legacy Unite

Get ready for the most anticipated musical event of 2025! Nigeria's biggest music icons are coming together for Valid Concert's 'Legends and Legacy' - a celebration of authentic Nigerian sound that promises to redefine entertainment history.

Local Content Key to Africa's Energy Future

Nigerian Content Development and Monitoring Board reveals how prioritizing local content is transforming Africa's energy sector and creating sustainable growth opportunities.

Nigeria Lost $300B to Oil Theft - Senate Probe

Shocking Senate probe exposes how Nigeria lost over $300 billion in crude oil revenues from Niger Delta region due to massive theft and pipeline vandalism over 10 years, threatening national economy.

Nigeria to Privatize Refineries in Historic Agreement

In a groundbreaking move to revitalize Nigeria's oil sector, the Federal Government and manufacturers have agreed to privatize the Port Harcourt refinery and other national refineries, promising to end fuel import dependency.

FG, German Chamber Partner to Train 75,000 Youths

Nigeria's Minister of Industry, Trade and Investment expresses optimism as Federal Government collaborates with German chamber to train 75,000 youths in technical fields, addressing unemployment and skills gap.

Olympian Grace Bazunu arrives for GCU Relays

US-based Nigerian track and field star Grace Bazunu has arrived in Lagos to headline the 7th GCU Relays, bringing Olympic pedigree to the growing athletics competition at Gregory University.

FG Plans Refinery Sale to Boost Competition

The Federal Government is considering selling the country's struggling refineries to private investors as part of a comprehensive strategy to revitalize Nigeria's oil and gas sector, increase competition, and achieve energy self-sufficiency.

Ondo State Set for Multiple Refinery Projects

Ondo State is poised to become Nigeria's next energy hub as several companies finalize plans to establish refineries, creating thousands of jobs and transforming the regional economy.

Dangote Refinery Cuts Petrol Prices, Shakes Market

In a dramatic market move, Dangote Petroleum Refinery has significantly reduced petrol prices, triggering a competitive battle that's transforming Nigeria's downstream oil sector and bringing relief to consumers.

Naira Crashes, Stocks Drop After Trump Victory

Donald Trump's presidential win triggers financial turmoil in Nigeria as Naira crashes to record lows and stock market experiences significant drops. Expert analysis reveals what this means for Nigeria's economy.

NSCDC Arrests 5 Pipeline Vandals in Kwara

Kwara State witnesses major security breakthrough as NSCDC nabs five suspected pipeline vandals, recovering vehicles and equipment in strategic operation to protect critical national infrastructure.

$5B Funding for 500,000bpd Nigerian Refinery

In a groundbreaking development for Nigeria's energy sector, a Canadian company has secured $5 billion funding to complete a massive 500,000 barrels per day refinery project, promising to transform the nation's oil and gas landscape.

BP Profit Surges to $2.7B as Oil Prices Soar

British energy giant BP announces staggering $2.7 billion quarterly profit amid soaring oil prices, marking a dramatic turnaround from previous losses and signaling strong market recovery.

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