NNPC assures support for local companies

NNPC assures support for local companies    Vanguard Nigerian News - The Nigerian National Petroleum Corporation (NNPC) has assured that it would continue to support local companies, within the entire hyd... read more

Sayyu Dantata flies in N722m helicopter from Victoria Island to Apapa

Sayyu Dantata flies in N722m helicopter from Victoria Island to Apapa    Legit.ng Legit.ng News ☆ Nigerian billionaire Sayyu Dantata was recently spotted flying a helicopter by himself. Reports claim that the successful business man was ... read more

Meet the new board of directors of Forte Oil Plc after Femi Otedola's exit

Meet the new board of directors of Forte Oil Plc after Femi Otedola's exit    Pulse Nigeria Forte Oil Plc has announced the constitution of its board of directors following completion of acquisition deal from Nigerian Billionaire, Femi Otedola. read more

Nigerian Billionaire, Dantata Reportedly Flies His New N81m Helicopter To His Office (Photo+Video)

Nigerian Billionaire, Dantata Reportedly Flies His New N81m Helicopter To His Office (Photo+Video)    360Nobs.com Nigerian billionaire, Dantata has become the toast of the town after flying his expensive helicopter to work. MRS Group Chairman, Sayyu Dantata said to be one ... read more

MRS Oil appoints acting MD as Gbodume resigns

MRS Oil appoints acting MD as Gbodume resigns    The Punch Feyisayo Popoola MRS Oil Nigeria Plc says its board of directors has reviewed and approved the resignation of Mr Andrew Gbodume as its Managing Di... read more

MRS Oil gets new director

MRS Oil gets new director    Premium Times The management of MRS Oil Nigeria Plc on Thursday announced the appointment of Priscilla Thorpe-Apezteguia as Director and Managing Director (Acting) of ... read more

Investors jittery as losses rise to N1.31tr

Investors jittery as losses rise to N1.31tr    The Nation Newspaper Many investors are in jitters as sustained losses depressed the share prices of most quoted companies to their lowest values in more than a year. read more

EXCLUSIVE: 14 firms win bids to lift Nigeria's oil in 2019/2020

EXCLUSIVE: 14 firms win bids to lift Nigeria's oil in 2019/2020    Premium Times No fewer than 14 local, regional and international oil companies that bid for the 2019 DSDP contract have emerged successful, PREMIUM TIMES learnt. read more

MRS Announces the Resignation of Dr. Paul Bissohong as the Company's Director

MRS Announces the Resignation of Dr. Paul Bissohong as the Company's Director    Proshare Nigeria Limited MRS Oil Nigeria Plc announces that the company's board of directors approved the resignation of Dr. Paul Bissohong, as a Director of the Company effective, ... read more

Oil marketers are making losses, closing shop —MOMAN

Oil marketers are making losses, closing shop —MOMAN    The Punch 'Femi Asu The Major Oil Marketers Association of Nigeria has said most oil marketing companies in the country are running at a loss, while many ha... read more

No Cause For Panic Over Fuel Scarcity, Oil Marketers Assure Nigerians

No Cause For Panic Over Fuel Scarcity, Oil Marketers Assure Nigerians    SaharaReporters.com Clement Isong, the Executive Secretary, Major Oil Marketers Association of Nigeria (MOMAN), has assured Nigerians that there is no risk of possible fuel scarcity ... read more

Seplat's $700m gas investment will address Nigerian power deficit - Official - Journalducameroun.com

Seplat's $700m gas investment will address Nigerian power deficit - Official    Journalducameroun.com - English Published on 18.07.2019 at 21h21 by APA News. Share. The $700m Assa North/Ohaji South (ANOH) gas and condensate field project of a local oil firm, Seplat ... read more

MRS Oil Nigeria Plc Approves the Appointment of New Registrars to the Company

MRS Oil Nigeria Plc Approves the Appointment of New Registrars to the Company    Proshare Nigeria Limited The Board of Directors of MRS Oil Nigeria Plc, have approved the appointment of new Registrars to the Company. read more

MRS Oil Nigeria Plc Announces Resolutions of its Board Meeting

MRS Oil Nigeria Plc Announces Resolutions of its Board Meeting    Proshare Nigeria Limited We write to inform you that at a duly convened meeting of the Board of Directors of MRS Oil Nigeria Plc, held on March 22, 2018, the following resolutions were ... read more

Nigeria Lubricants Market is Expected to Grow at a Healthy CAGR and is Expected to Reach Over NGN 405 Billion: Ken Research

Nigeria Lubricants Market is Expected to Grow at a Healthy CAGR and is Expected to Reach Over NGN 405 Billion: Ken Research    PR Newswire GURUGRAM, India, October 29, 2018 /PRNewswire/ -- October 2018 |Nigeria News The changes in consumer preference towards high quality synthetic ... read more

MRS announces relocation of corporate headquarters

MRS announces relocation of corporate headquarters    Premium Times The management of MRS Oil Nigeria Limited on Friday announced that it has changed the location of its corporate headquarters in Lagos. The new ... read more

Court Orders Permanent Forfeiture Of Patience Jonathan's $8.4 Million, N9.2 Billion To Nigerian Government

Court Orders Permanent Forfeiture Of Patience Jonathan's $8.4 Million, N9.2 Billion To Nigerian Government    SaharaReporters.com Justice Mojisola Olatoregun of the Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of $8,435,788.84 and N9.1 billion belonging to wife ... read more

Patience Jonathan Appeals Forfeiture Of $8.4 Million, N9.2 Billion To Nigerian Government

Patience Jonathan Appeals Forfeiture Of $8.4 Million, N9.2 Billion To Nigerian Government    SaharaReporters.com Dame Patience Jonathan, wife of ex-president Goodluck Jonathan, has appealed the ruling of the Federal High Court, Lagos, to forfeit the sum of $8.4 Million ... read more

Exclusive: Nigeria in final talks with firms to overhaul refineries

Exclusive: Nigeria in final talks with firms to overhaul refineries    Reuters Nigeria's state oil firm NNPC is in the final stages of talks with two consortiums that include top traders, energy majors and oil services companies to revamp its ... read more

MRS Oil chairman, Dantata resigns

MRS Oil chairman, Dantata resigns    Daily Post Nigeria Sayyu Dantata, chairman MRS Oil has tendered his resignation. This is contained in a notice sent to the Nigerian Stock Exchange (NSE). The management of ... read more

Nigeria: Senate Says Economy in Danger, As FG Spends N11trn On Subsidy Payment in 6 Yrs

Nigeria: Senate Says Economy in Danger, As FG Spends N11trn On Subsidy Payment in 6 Yrs    AllAfrica.com The Senate, yesterday, raised the alarm that the nation has spent not less than N11 trillion on oil subsidy payment in six years, warning that further payment ... read more

MRS Oil declares 20% bonus shares on N2.38b tax credit

MRS Oil declares 20% bonus shares on N2.38b tax credit    The Nation Newspaper Shareholders of MRS Oil Nigeria Plc will receive a 20 per cent increase in their shares after the board of the oil-marketing company decided to distribute bonus ... read more

Fuel queues back at filling stations in Lagos

Fuel queues back at filling stations in Lagos    The Nation Newspaper Many petrol retail outlets in Lagos and Abuja yesterday closed shops while the few that sold had long queues as motorists waited to fill their vehicles. read more

Gas: Opening up new goldmine to investors

Gas: Opening up new goldmine to investors    The Nation Newspaper Nigeria holds the largest gas reserves in Africa and it is home to Africa's largest population and most exuberant market. Capital Market Editor, read more

Senate approves N129bn subsidy payment for 67 oil marketers

Senate approves N129bn subsidy payment for 67 oil marketers    Daily Trust The Senate has approved N129 billion as final subsidy arrears claim to 67 oil marketing companies. This approval brought the total of all three approvals given ... read more

Long fuel queues amid IMF’s call for subsidy removal

Long fuel queues amid IMF’s call for subsidy removal    The Nation Newspaper Long queues have resurfaced at filling stations raising fears of fuel scarcity. The Nigerian National Petroleum Corporation (NNPC) read more

N800bn subsidy debts: Oil marketers seek FG quick settlement

N800bn subsidy debts: Oil marketers seek FG quick settlement    Pulse Nigeria The marketers, under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Products Marketers Association (DAPPMA), ... read more

Nigeria: List of 50 Crude Oil Lifters Not Official - NNPC - AllAfrica

Nigeria: List of 50 Crude Oil Lifters Not Official - NNPC    AllAfrica - Top Africa News The Nigerian National Petroleum Corporation (NNPC) on Monday disowned a list of 50 international and indigenous companies believed to have been awarded ... read more

MRS Oil inaugurates Africa’s largest oil jetty

MRS Oil inaugurates Africa’s largest oil jetty    TheCable MRS Oil Nigeria Plc on Saturday inaugurated Dantata Jetty, a terminal, which has the capacity to berth vessels of 80,000 – 120,000 metric tonnes capacity, ... read more

Nigeria Automotive Lubricants Market, 2018-2023 by Vehicle Type, Lubricant Type, Base Oil & Demand

Nigeria Automotive Lubricants Market, 2018-2023 by Vehicle Type, Lubricant Type, Base Oil & Demand    PR Newswire DUBLIN, Aug 30, 2018 /PRNewswire/ -- The "Nigeria Automotive Lubricants Market By Vehicle Type (Passenger Car, Two-Wheeler, LCV, M&HCV & Tractors), ... read more

NSE expels Diamond Bank, two others from corporate governance index

NSE expels Diamond Bank, two others from corporate governance index    The Punch Feyisayo Popoola The Nigerian Stock Exchange has removed Diamond Bank Plc, Continental Reinsurance Plc and NEM Insurance Plc from its Corporate Go... read more

Nigeria: Recession - Oil Firms Slash Salaries, Hold New Investments

Nigeria: Recession - Oil Firms Slash Salaries, Hold New Investments    AllAfrica.com Oil companies operating in Nigeria have come under serious financial challenges due to the volatility in the global oil market, which has impacted on their ... read more

Stock market investors lose N89bn as sell-offs persist

Stock market investors lose N89bn as sell-offs persist    The Punch Feyisayo Popoola The nation's stock market continued its downward trend as investors recorded more losses at the end of trading on the floor of t... read more

Nigeria: Chevron Oil Nigeria Transforms to MRS Oil Nigeria

Nigeria: Chevron Oil Nigeria Transforms to MRS Oil Nigeria    AllAfrica.com One of Nigeria's, oil major, Chevron Oil Nigeria Plc, transformed, MRS Oil Nigeria. The formal change of name by the oil major followed an earlier notification of ... read more

Capital Market Financing for SMEs

Capital Market Financing for SMEs    Proshare Nigeria Limited Micro, Small and Medium Enterprises (MSMEs) in Nigeria face a financing gap that restricts their economic prosperity. This report examines the prospects of ... read more

Srinivas Rao Appointed Chief Digital Officer, MTN Nigeria

Srinivas Rao Appointed Chief Digital Officer, MTN Nigeria    Leadership Newspaper MTN Nigeria has announced the appointment of its first chief digital officer (CDO), Srinivas Rao, to lead the company's recently created Digital Services Division. read more

Nigeria Is OPEC's Only Member To Import Gasoline | - OilPrice.co

Nigeria Is OPEC's Only Member To Import Gasoline | OilPrice.com    OilPrice.com Nigeria's inefficient refineries are unable to meet domestic fuel demand and have made Nigeria the only OPEC member to import gasoline. read more

Seplat’s $700m gas investment to address power deficit’

Seplat’s $700m gas investment to address power deficit’    The Nation Newspaper Seplat Petroleum Development Company Plc's $700m Assa North/Ohaji South (ANOH) gas and condensate field project is expected to significantly. read more

Benedict Peters : Colossus in murky oil, gas waters

Benedict Peters : Colossus in murky oil, gas waters    Vanguard By Michael Eboh Only a few Nigerian had been able to venture into the Nigerian oil and gas industry, start an exploration and production company from scratch, ... read more

Sayyu Dantata resigns as chairman of MRS Oil

Sayyu Dantata resigns as chairman of MRS Oil    TheCable Sayyu Dantata, chairman MRS Oil chairman, has tendered his resignation as chairman of the company. In a notice sent to the Nigerian Stock Exchange (NSE), ... read more

C and I Leasing Plc Notifies of Share Capital Reconstruction; Placed on Full Suspension

C and I Leasing Plc Notifies of Share Capital Reconstruction; Placed on Full Suspension    Proshare Nigeria Limited C " I Leasing Plc has through its Stockbroker; Cordros Capital Limited, notified The Nigerian Stock Exchange of the share capital reconstruction of the Company ... read more

2018 Pearl Awards To Hold On 25th November, 2018

2018 Pearl Awards To Hold On 25th November, 2018    Proshare Nigeria Limited Nigeria's leading capital market awards ceremony “The Pearl Awards” will hold its 2018 edition on Sunday November 25th at Eko Hotel " Suites in Lagos. read more

11Plc eyes growth in lubricant market, rewards customers

11Plc eyes growth in lubricant market, rewards customers    Punchng 'Femi Asu 11 Plc, formerly Mobil Oil Nigeria Plc, is bullish on expanding its foothold in the lubricant market, as it rewarded its customers in it... read more

Neimeth appoints ED, company secretary/chief compliance officer

Neimeth appoints ED, company secretary/chief compliance officer    Guardian The Board of Neimeth International Pharmaceuticals Plc has approved the appointment of Mrs. Temitayo O. Nelson as Executive Director, Finance. read more

The Nigerian Downstream Oil and Gas Sector Update - In Dire Need of Complete Deregulation

The Nigerian Downstream Oil and Gas Sector Update - In Dire Need of Complete Deregulation    Proshare Nigeria Limited The Nigerian downstream sector broadly categorised into the refining and marketing segments of petroleum products have continued to underperform despite ... read more

Zedcrest Capital Appoints New Directors to Drive its New Growth Strategy

Zedcrest Capital Appoints New Directors to Drive its New Growth Strategy    Proshare Nigeria Limited Leading capital management firm, Zedcrest Capital Group, has announced the appointments of Babatunde Sanda and Stella Duru to its Board of Directors as ... read more

As fuel scarcity looms, marketers reject Nigerian govt's N340bn promissory note offer

As fuel scarcity looms, marketers reject Nigerian govt's N340bn promissory note offer    Premium Times Days after oil marketers issued a seven-day ultimatum to demand payment of the N800 billion outstanding subsidy debt under the Petroleum Support Fund ... read more

Berger Paints Nigeria Plc Appoints Mrs Modupe Oguntade as the Acting Managing Director of the Compan

Berger Paints Nigeria Plc Appoints Mrs Modupe Oguntade as the Acting Managing Director of the Compan    Proshare Nigeria Limited We are pleased to inform our stakeholders that Mrs Modupe Oguntade, the Chief Financial Officer of Berger Paints Nigeria Plc. (BPN), has been appointed as ... read more

AMCON, Banks Plan Clamp Down On Oil Marketers Over N650bn Debt

AMCON, Banks Plan Clamp Down On Oil Marketers Over N650bn Debt    Leadership Newspaper The Asset Management Company of Nigeria (AMCON) and some commercial banks have commenced moves to takeover of assets owned by the Independent ... read more

CADBURY Appoints Mrs. Oyeyimika Adeboye as New MD and Mr. Ogaga Ologe as Finance Director

CADBURY Appoints Mrs. Oyeyimika Adeboye as New MD and Mr. Ogaga Ologe as Finance Director    Proshare Nigeria Limited Cadbury Nigeria Plc (“Cadbury Nigeria” or “the Company”) today announced the appointment of Mrs. Oyeyimika Adeboye as Managing Director, effective 1 st ... read more

MOMAN gets new executive secretary as Olawore retires

MOMAN gets new executive secretary as Olawore retires    Punchng 'Femi Asu The Major Oil Marketers Association of Nigeria has announced the appointment of Mr. Clement Isong as its new executive secretary followi... read more

N800bn Subsidy Debt: DMO, finance ministry invite aggrieved marketers for dialogue

N800bn Subsidy Debt: DMO, finance ministry invite aggrieved marketers for dialogue    Premium Times The federal government has begun moves to dialogue with oil marketers over debts owed them, to avert a fuel crisis in the forthcoming festive season. read more

NPF partners Ace of Spade to digitalise criminal records

NPF partners Ace of Spade to digitalise criminal records    Guardian Nigeria In an effort to improve services as well as strengthen its collaboration with the general public towards crime reduction... read more

Nestle Nigeria Plc holds AGM, announces first quarter financial report

Nestle Nigeria Plc holds AGM, announces first quarter financial report    P.M. News Adesina Michael/Ayo Efunla Nestle Nigeria PLC has declared a revenue of N 71.0 billion for the first quarter of 2019, recording a growth of 5.2% […] read more

Controversies Over NNPC's Under Recovery On Fuel Importation

Controversies Over NNPC's Under Recovery On Fuel Importation    Leadership Newspaper The management of the Nigerian National Petroleum Corporation (NNPC) recently came under fire by the legislators and others, over what it called under ... read more

Nigeria: Despite NNPC's Massive Importation, Marketers Still Sell Petrol Above Official Ex-Depot Price

Nigeria: Despite NNPC's Massive Importation, Marketers Still Sell Petrol Above Official Ex-Depot Price    AllAfrica.com Despite the flooding of the Nigerian market with petrol by the Nigerian National Petroleum Corporation (NNPC), which has led to the sale of the product at official ... read more

Andrew Alli Joins SouthBridge As CEO Of The Group

Andrew Alli Joins SouthBridge As CEO Of The Group    Proshare Nigeria Limited SouthBridge Group announced on Wednesday, December 19, 2018 that Andrew Alli, former CEO of Africa Finance Corporation, will join and lead the ... read more

#WestAfricaLeaks: Dantata's MRS, Chevron billion dollar deal raises tax avoidance concern

#WestAfricaLeaks: Dantata's MRS, Chevron billion dollar deal raises tax avoidance concern    Premium Times MRS holdings Ltd, oil marketing company of Nigerian billionaire, Sayyu Dantata, and international oil giant, Chevron, are at the centre of a N360 billion [$1 ... read more

ACCESS, DIAMONDBNK Share Prices Move Up On Potential Merger News

ACCESS, DIAMONDBNK Share Prices Move Up On Potential Merger News    Proshare Nigeria Limited The share price of Access Bank Plc has, so far, moved up by 7.38% to N8.00k from N7.45k previous price as at 12:45pm. Similarly, Diamond Bank share price ... read more

Africa Lubricants Market Segmented by Market Size and Top players, Analysis and Forecast 2019-2023

Africa Lubricants Market Segmented by Market Size and Top players, Analysis and Forecast 2019-2023    Journallic Africa Lubricants Market 2019 report offers a comprehensive guide to the size and share market, industry chain, manufacturing process, cost structure, marketing ... read more

Oando vows to challenge SEC's ruling on Tinubu

Oando vows to challenge SEC's ruling on Tinubu    Premium Times Oando Plc said on Friday that it would challenge the Securities and Exchange Commission (SEC) ruling on the outcome of its forensic audit. The company made ... read more

Nigeria: MRS Takes Over Texaco

Nigeria: MRS Takes Over Texaco    AllAfrica.com Strong indications emerged at the weekend that MRS Holdings Limited and its consortium may have finally taken over the management and running of Texaco ... read more

Nigeria's Securities And Exchange Commission Details How Wale Tinubu, Alake of Egbaland And Other Directors Ruined OANDO

Nigeria's Securities And Exchange Commission Details How Wale Tinubu, Alake of Egbaland And Other Directors Ruined OANDO    SaharaReporters.com In 2012, 2013 and 2014 and 2015, certain insiders of Oando PLC sold shares of the company during “close period” despite having knowledge of active closed ... read more

Witness testifies against oil chief accused of 2011 subsidy scam

Witness testifies against oil chief accused of 2011 subsidy scam    Premium Times The Federal Ministry of Petroleum Resources had invited the EFCC to help investigate the subsidy scam. read more

Nigeria: Again, NNPC Extends $6bn Oil Swap Contracts to June 2019

Nigeria: Again, NNPC Extends $6bn Oil Swap Contracts to June 2019    AllAfrica.com Barely four months after the Nigerian National Petroleum Corporation (NNPC) rolled over its crude-for- oil products contracts worth about $6 billion by six months ... read more

Dangote Sugar emerged 2017 best performing stock

Dangote Sugar emerged 2017 best performing stock    Punchng Stanley Opara. Dangote Sugar Refinery Plc outperformed the market, with a year-on-year return of 227.33 per cent, to close at N20.. The stock was followed by ... read more

Nigeria: Dangote Group, Zenith, Excel At Capital Market Performance Awards

Nigeria: Dangote Group, Zenith, Excel At Capital Market Performance Awards    AllAfrica.com Dangote Group, Zenith Bank Plc, Seplat, GTBank, Ecobank and others have emerged tops at the maiden CAMCAN Nigeria Capital Market Performance Awards ... read more

NNPC Accuses Capital Oil and MRS of Criminal Diversion of 130m Litres Of Petrol

NNPC Accuses Capital Oil and MRS of Criminal Diversion of 130m Litres Of Petrol    Proshare Nigeria Limited The Nigerian National Petroleum Corporation (NNPC) Friday said it will go after Capital Oil % Gas Limited for criminally diverting 100 million litres of petrol ... read more

Nigeria, Sao Tome move to exploit 500m barrels of oil

Nigeria, Sao Tome move to exploit 500m barrels of oil    Guardian Nigeria A new production sharing contract (PSC) yesterday entered into by Nigeria, Sao Tome and Principe Joint Development Authority (JDA) and Total Nigeria Plc is ... read more

Court dismisses Nigerian govt's $55 million debt recovery suit against Agip Oil

Court dismisses Nigerian govt's $55 million debt recovery suit against Agip Oil    Premium Times A Lagos Division of the Federal High Court on Wednesday dismissed a $55 million debt recovery suit filed by the Nigerian government against Agip Oil ... read more

Osinbajo to inaugurate West Africa’s largest LPG cylinder manufacturing plant

Osinbajo to inaugurate West Africa’s largest LPG cylinder manufacturing plant    Guardian Nigeria Vice-President Prof. Yemi Osinbajo is to commission a cooking gas manufacturing plant in Lagos on June 7. read more

Eterna seeks downstream deregulation, to expand operations

Eterna seeks downstream deregulation, to expand operations    Guardian Citing the Nigerian National Petroleum Corporation (NNPC's) interference in the downstream sector as propelling unfavourable competition with other players, ... read more

NOGASA reaffirms readiness to combat adulteration of petroleum products

NOGASA reaffirms readiness to combat adulteration of petroleum products    Guardian The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), has reiterated its readiness to partner with the Federal Government to deepen the nation's ... read more

Portland Paints eyes improved performance in 2019

Portland Paints eyes improved performance in 2019    The Punch 'Femi Asu. Portland Paints and Products Nigeria Plc, a subsidiary of UAC of Nigeria Plc, has said it will consolidate and build on the gains achieved in 2018, ... read more

FAMFA Oil inspires schoolchildren to read on World Book Day

FAMFA Oil inspires schoolchildren to read on World Book Day    The Punch Last Thursday, March 7, was World Book Day in Nigeria, an annual event aimed at celebrating the book as an all-important cultural item all over the... read more

Shell Executive Director Who Stole Nigeria's Oil Money

Shell Executive Director Who Stole Nigeria's Oil Money    Royal Dutch Shell plc .com By John Donovan. Nigerian Mrs. Diezani Alison-Madueke is back in the news. She must have Shell oil running through her veins. Both of her parents worked for ... read more

Shell, Eni In Italian Court Over OPL 245 Award Process

Shell, Eni In Italian Court Over OPL 245 Award Process    Royal Dutch Shell plc .com Ayoade told the court: “The award process for OPL245 to Shell and ENI did not follow the procedure established in the Petroleum Act, Petroleum (Drilling and ... read more

11Plc petitions police over Ascon occupation of Gbagada fuel station

11Plc petitions police over Ascon occupation of Gbagada fuel station    Vanguard 11 Plc, formerly Mobil Oil Nigeria Plc, has petitioned police authorities over Ascon Oil Nigeria Limited alleged occupation of a filling station, located in a piece of ... read more

Oando Plc Issues an Update on Claims of a SEC Investigation

Oando Plc Issues an Update on Claims of a SEC Investigation    Proshare Nigeria Limited Further to the initial press release by the Company (“the Company” or “Oando”) published on Friday, 14th July 2017 entitled 'Oando PLC's Official Statement on ... read more

CAP Plc Announces Board Changes; Appoints Two New Non-Executive Directors

CAP Plc Announces Board Changes; Appoints Two New Non-Executive Directors    Proshare Nigeria Limited Chemical and Allied Products announce appointment of new non-executive directors. read more

UPDATE 2-Nigeria's NNPC issues 2016 crude oil contracts worth $13.5 billion

UPDATE 2-Nigeria's NNPC issues 2016 crude oil contracts worth $13.5 billion    Reuters The Nigerian National Petroleum Corporation (NNPC) has issued its 2016 crude oil term contracts to 21 companies, going directly to international refineries, ... read more

Oil & gas: cautious optimism as Nigeria turns to Saudi Arabia

Oil & gas: cautious optimism as Nigeria turns to Saudi Arabia    Guardian Nigeria Be Strategic In MoU Terms– Iledare • Development May Assist Nigeria Eliminate Malpractices In Oilfields, Says Fawibe • Eromosele Insists Non-assent Of PIB ... read more

Otedola completes sale of Forte Oil as share price climbs up

Otedola completes sale of Forte Oil as share price climbs up    Vanguard Nigerian News - Nigerian Billionaire, Femi Otedola has completed his divestment from Forte Oil Plc after receiving full payment for the sale of the company. read more

BUSINESSMAN OF THE YEAR 2018: BENEDICT PETERS: Oil billionaire and African sports giant

BUSINESSMAN OF THE YEAR 2018: BENEDICT PETERS: Oil billionaire and African sports giant    The Nation Newspaper THE 21st century has been remarkable in many aspects. It witnessed the rise of a global economy and increase in power of private enterprise that gives ... read more

Local oil firms need collaboration to blossom, says Nestoil

Local oil firms need collaboration to blossom, says Nestoil    Guardian Nigeria Nestoil Limited has proffered ways to transform local oil companies in the country into regional powerhouses capable of developing the economies of the West ... read more

Global Africa Lubricants Market analysis with Key Players, Applications, Trends and Forecasts by 2024

Global Africa Lubricants Market analysis with Key Players, Applications, Trends and Forecasts by 2024    Investor Opinion report Africa Lubricants Market provides an in-depth analysis of all market dynamics including drivers and restraints, and trends and opportunities. Important ... read more

11plc re-launches aviation fuel business

11plc re-launches aviation fuel business    Vanguard 11plc (formerly Mobil Oil Nigeria plc) said it has recommenced the sale and marketing of aviation jet fuel (ATK) at the Murtala Mohamed International Airport and ... read more

The most valuable companies by market cap in Nigeria in 2018

The most valuable companies by market cap in Nigeria in 2018    Pulse.com.gh Business Insider SSA by Pulse looks at the economic activities of large-cap stocks on the Nigerian market and brings to you the top 10 valuable companies by ... read more

May pledges £10.5m to Nigeria to tackle terrorism and trafficking

May pledges £10.5m to Nigeria to tackle terrorism and trafficking    Financial Times Theresa May, UK prime minister, pledged to help Nigeria combat human trafficking and terrorism on the second day of her trip to Africa. Mrs May announced ... read more

Fake lubricants flood domestic market – MD, 11 Plc

Fake lubricants flood domestic market – MD, 11 Plc    Vanguard THE management of 11Plc (formerly Mobil Oil Nigeria Plc), has frowned at the influx of adulterated lubricants into Nigeria's domestic market, saying the market ... read more

Unilever holds 94th AGM, declares N8.62 billion dividend

Unilever holds 94th AGM, declares N8.62 billion dividend    Vanguard Shareholders at the 94th Annual General Meeting (AGM) of Unilever Nigeria Plc have commended the company's management for their commitment to growth ... read more

Sterling Bank Joins NSE-30 Index

Sterling Bank Joins NSE-30 Index    Leadership Newspaper Sterling Bank Joins NSE-30 Index The Nigerian Stock Exchange (NSE) has announced the review of nine of its market indices, including the NSE 30, that ... read more

UPDC Plc Announces the Appointment of Mrs Folakemi Fadahunsi as its CFO and a Director of the Compan

UPDC Plc Announces the Appointment of Mrs Folakemi Fadahunsi as its CFO and a Director of the Compan    Proshare Nigeria Limited UACN Property Development Company Pic is pleased to announce the appointment of Mrs Folakemi Fadahunsi as its Chief Financial Officer and a director of ... read more

Nigeria: Petrol Glut Hits Nigerian Market As NNPC Struggles for Buyers

Nigeria: Petrol Glut Hits Nigerian Market As NNPC Struggles for Buyers    AllAfrica.com The efforts of the Nigerian National Petroleum Corporation (NNPC) to sustain the availability of petrol in the country with massive importation of product have led ... read more

Army promote LPG usage

Army promote LPG usage    Guardian To encourage use of Liquefied Petroleum Gas (LPG) among its officers and men, the Nigerian Army has taken delivery of gas cylinders under Techno Oil's LPG ... read more

Nigeria: U.S. Demands Documents From Glencore Over Corruption Allegations in Nigeria

Nigeria: U.S. Demands Documents From Glencore Over Corruption Allegations in Nigeria    AllAfrica.com The US Department of Justice is seeking documents from Glencore about intermediary companies that the commodities firm has worked with in Nigeria, the ... read more

Wike alleges oil firms are fuelling insecurity in Rivers

Wike alleges oil firms are fuelling insecurity in Rivers    Guardian *Fresh* crisis looms in Ogoni over planned resumption of oil activities. Governor Nyesom Wike of Rivers State has accused multinational oil companies of fuelling ... read more

The World Bank, Red Flags And the Looting of Nigeria's Oil Revenues - The Seven Energy Web

The World Bank, Red Flags And the Looting of Nigeria's Oil Revenues - The Seven Energy Web    Proshare Nigeria Limited Here's a question: if you were entrusted with $355 million of money that didn't belong to you, would you invest it in a company whose flagship contract involved ... read more

Banks, others pay N578.114bn dividends to shareholders

Banks, others pay N578.114bn dividends to shareholders    The Punch Fifty companies, including banks, listed on the Nigerian Stock Exchange have issued dividends to their investors, although the payments were descri... read more

MRS Plc Announces Resignation of Alh. Dahiru Barau Mangal and His Alternate Mr. Larval Dahiru Mangal

MRS Plc Announces Resignation of Alh. Dahiru Barau Mangal and His Alternate Mr. Larval Dahiru Mangal    Proshare Nigeria Limited We write to notify you of the resignation of our Non — Executive Director Alhaji Dahiru Barau Mangal and his alternate Mr. Larval Dahiru Mangal. read more