CBN Approves Full Repatriation of Export Proceeds for Oil Firms
The Central Bank of Nigeria(CBN) has approved the full repatriation of export proceeds by International Oil Companies, allowing them to ...
Read more
Tag: #OilAndGas
NUPRC Signs Petroleum Exploration Licence Agreement with SeaSeis
The Nigerian Upstream Petroleum Regulatory Commission(NUPRC) has signed a Petroleum Exploration Licence No. 5 agreement with SeaSeis Geophysical Limited, authorising ...
Read more
Nigeria Still Relies on Fuel Imports Despite Refining Gains – Lokpobiri
Nigeria’s claims of nearing energy self-sufficiency have come under renewed scrutiny after the Minister of State for Petroleum Resources (Oil), ...
Read moreNUPRC Enforces ‘Drill or Drop’ Rule to End Oil Block Hoarding
The Nigerian Upstream Petroleum Regulatory Commission(NUPRC) has declared an end to the long-standing practice of oil companies holding exploration licences ...
Read more
Seplat Energy Restores 49 Idle Wells, Plans 50 More in Aggressive Growth Push
Seplat Energy Plc has successfully brought 49 previously idle wells back into production as part of an ambitious turnaround strategy, ...
Read more
Seplat Energy Reports 144% Revenue Growth, Declares $150 Million Dividend for 2025
Seplat Energy Plc released its 2025 full-year results on both the Nigerian Stock Exchange and the London Stock Exchange, reporting ...
Read more
Dangote Refinery Signs Deal to Supply Up to 65m Litres of Petrol Daily Nationwide
The Dangote Petroleum Refinery has sealed an offtake agreement with 12 leading petroleum marketing companies to distribute between 60 million ...
Read more
PENGASSAN Renews Call for Majority Sale of State-Owned Refineries
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has renewed its call for the Federal Government to ...
Read more
PENGASSAN Rejects Tinubu’s Executive Order on Oil Revenue Remittance
The Petroleum and Natural Gas Senior Staff Association of Nigeria has rejected President Bola Tinubu’s newly signed Executive Order mandating ...
Read more
FG Inaugurates West Africa’s First Gravimetric Flow Metering Calibration Facility in Akwa Ibom
The Federal Government has strengthened accountability in the crude oil sector with the inauguration of a Gravimetric Multifaceted Flow Metering ...
Read more
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.