Category : Search result: oil production increase


Matrix Energy Appoints Umunna as Group DMD

In a strategic move to accelerate growth, Matrix Energy Group has announced the appointment of Chukwunonso Umunna as Group Deputy Managing Director, bringing over 15 years of energy sector expertise to drive the company's expansion agenda across Nigeria a

FG Launches N250BN Food Security Fund

The Nigerian government unveils massive intervention fund to boost agricultural production and stabilize food markets across the nation.

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.

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.

iFitness Gym Announces Major 2025 Price Hike

Nigerian gym-goers are in shock as iFitness announces significant membership fee increases starting January 2025. Discover the new pricing structure and member reactions.

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 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.

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.

Edo State to Begin Local Drug Production in 2026

Edo State announces groundbreaking pharmaceutical manufacturing initiative to produce essential medicines locally by 2026, reducing import dependency and creating thousands of jobs.

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