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Business

Nduka Obaigbena: Court Freezes Assets, Accounts Of General Hydrocarbons Limited In All Nigerian Commercial Banks
Posted inBusiness News Nigeria

Nduka Obaigbena: Court Freezes Assets, Accounts Of General Hydrocarbons Limited In All Nigerian Commercial Banks

A Federal High Court in Lagos State has granted an ex-parte order, effectively freezing General Hydrocarbons Limited's assets and accounts with all commercial banks in Nigeria. This decision comes as…
Posted by Gong January 12, 2025
NNPC to adopt cloud-based platform for procurement contracts from Jan 2025
Posted inBusiness News Nigeria

NNPC to adopt cloud-based platform for procurement contracts from Jan 2025

The Nigerian National Petroleum Company (NNPC) Limited says its procurement organisation will transition to a cloud-based system on the SAP Ariba network from January 1, 2025. In a statement on…
Posted by Gong November 28, 2024
Anglican Bishop slams political leaders Over Dangote refinery
Posted inBusiness News Nigeria

Ghana express interest in importing fuel from Dangote refinery

Ghana could buy petroleum products from Nigeria’s Dangote Petroleum Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the country’s oil…
Posted by Gong October 29, 2024
TCN says Abuja to experience blackout over substation maintenance
Posted inBusiness Metro News

TCN says Abuja to experience blackout over substation maintenance

Some parts of the Federal Capital Territory will be without power supply for hours on Thursday following planned maintenance by the Transmission Company of Nigeria (TCN) in its Kukwaba 132/33kV…
Posted by Gong October 24, 2024
Bankruptcy: MTN will shut down without tariff hike — CEO
Posted inBusiness News Nigeria

Bankruptcy: MTN will shut down without tariff hike — CEO

MTN Nigeria, the country’s largest telecom operator, has stressed the urgent need for the telecommunications sector to return to profitability to sustain its operations. The Chief Executive Officer of MTN,…
Posted by Gong October 22, 2024
Nigeria rejects Shell's $1.3bn oil asset sale
Posted inBusiness Economy International

Nigeria rejects Shell’s $1.3bn oil asset sale

Nigeria's oil regulator has rejected Shell's proposed $1.3 billion sale of its onshore oilfields to Renaissance group because the buyer is not qualified to manage the assets, ThisDay newspaper reported…
Posted by Gong October 16, 2024
NNPCL authorise major petroleum major marketers to lift petrol from Dangote Refinery
Posted inBusiness News Nigeria

NNPCL authorise major petroleum major marketers to lift petrol from Dangote Refinery

  The Nigerian National Petroleum Company Limited, NNPCL, has authorised major petroleum marketers to commence lifting the premium motor spirit, PMDS, otherwise known as petrol, from Dangote Petroleum Refinery under…
Posted by Gong September 19, 2024
Dangote loses Africa's richest man status to Johann Rupert
Posted inBusiness News Nigeria

BREAKING: Dangote refinery unveils first petrol sample, promises product for Nigerians, Africans

The President of Dangote Group, Aliko Dangote, has presented the first sample of Premium Motor Spirit, commonly known as petrol. Dangote made the presentation on Tuesday during a broadcast at…
Posted by Gong September 3, 2024
FG declares NNPC has no funds to fix old pipelines
Posted inBusiness News Nigeria

FG declares NNPC has no funds to fix old pipelines

The Federal Government has declared that the Nigerian National Petroleum Company Limited does not have the funds required to rebuild old pipelines. The Minister of State for Petroleum Resources, (Oil),…
Posted by Gong August 26, 2024
Posted inBusiness News Nigeria

Petrol scarcity worsens as independent marketers load at N780/litre

The prolonged petrol scarcity worsened in Lagos, Ogun and other states, yesterday, as independent marketers started lifting the product from private depots at N780 per litre, from N595 per litre,…
Posted by Gong August 22, 2024

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