BUSINESS

Nigeria’s gas revolution can make West Africa energy self-sufficient – Sylva

Daily Dispatch March 3, 2022

Chief Timipre Sylva, Minister of State for Petroleum Resources, on Thursday saidthe West African sub-region could become energy self-sufficient as a result of Nigeria’s gas revolution.Sylva said the Nigerian government was working on a Roadmap to Gas-Powered Economy by 2030 which requires input

BUSINESS

Nigerian govt charges Dangote cement tax of N173.93bn for 2021; paid N97.24 billion tax in 2020

Daily Dispatch March 3, 2022

Dangote Cement Plc has sustained its position as a leading contributor to Nigeria’s economy with a tax charge of N173.93 billion for the financial year ended 31st December 2021. According to the cement group’s audited results released on the portal of the Nigerian Exchange Ltd (NGX), the tax charge represents an increase of 78.7 per […]

BUSINESS

NNPC harps on full deregulation of downstream sector to boost domestic refining

Daily Dispatch March 2, 2022

The Nigerian National Petroleum Company (NNPC) Ltd. on Tuesday said full deregulation of the downstream sector would boost the country’s domestic refining capacity. Mr Mustapha Yakubu, Group Executive Director, Refining, NNPC, said this during a panel session at the ongoing Nigeria International Energy Summit (NIES) in Abuja. The News Agency of Nigeria (NAN) reports that

BUSINESS

Photo: Shell is Nigeria 2021 upstream company of the year

Daily Dispatch March 1, 2022

BUSINESS

Court orders CBN to release Mobil, NNPC’s N82bn judgment debt to Akwa Ibom communities over oil spillage

Daily Dispatch February 28, 2022

Justice Taiwo Taiwo of the Federal High Court Abuja, on Monday, granted a garnishee order absolute, mandating the Central Bank of Nigeria to release the sum of N81.9billion standing to the credit of the Nigerian National Petroleum Corporation, and its joint venture partner, Mobil Producing Nigeria Unlimited (NNPC), in its custody to oil producing communities […]

BUSINESS

Buhari: Rising crude oil prices offer a great opportunity to Nigeria

Daily Dispatch February 28, 2022

President Muhammadu Buhari said on Monday that rising crude oil prices presented a great opportunity to Nigeria, especially with the passage of the Petroleum Industry Act (PIA). The News Agency of Nigeria (NAN) reports that Buhari said this in Abuja, while declaring open the 5th Nigeria International Energy Summit (NIES). The summit has as its […]