Energy
NCDMB Urges Oil Firms to Remit Mandatory 1% NCDF Levy
The Nigerian Content Development and Monitoring Board (NCDMB) has reminded operators, contractors and service companies in Nigeria’s upstream oil and...
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RMAFC Denies Final Decision on Ceding of Oil Wells, Says Process Ongoing
Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bello Shehu, has clarified that there is currently...
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GenCos Say Unpaid Electricity Invoices Hit N6tn, Reject NLC’s Extortion Claims
Power generation companies under the umbrella of the Association of Power Generation Companies have disclosed that outstanding unpaid invoices for...
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Petralon Energy Gains Investor Confidence with Shell Endorsement
Investors’ confidence in Nigeria’s indigenous oil operators has received a significant boost following the endorsement of Petralon Energy by Shell...
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NNPC Sets 2026 Gas Expansion Target of 1.8 Bcf/d to Meet Growing Domestic Demand
The Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled plans to increase gas supply by an additional 1.8 billion...
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Nigeria Loses N1.76tn as Crude Output Falls Short of OPEC Quota
Nigeria’s oil sector lost an estimated N1.76tn in potential crude oil revenue after failing to meet its production quota set...
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FG Inaugurates Nigeria’s First Crude Oil Flow Meter Calibration Facility in Eket
The Federal Government has intensified efforts to strengthen accountability in the crude oil sector with the inauguration of Nigeria’s first...
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Brent Oil Slips as Iran Naval Drills Heighten Supply Risk Ahead of US Talks
Brent crude prices edged lower in Asian trade on Tuesday, with investors assessing potential supply disruptions after Iran conducted naval...
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Dangote Signs $400m Equipment Deal with XCMG to Boost Refinery Capacity to 1.4m bpd
The Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd. as part of...
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OPEC Eyes April Output Hike Amid Strong Prices, Peak Summer Demand
The OPEC is leaning towards resuming oil output increases from April, according to three OPEC+ sources, as the group positions...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.