NUPRC 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 ...
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Tag: #OilAndGas
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, ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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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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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FAAC Recovers N2.36tn, $7.87m in Unremitted Revenue Arrears in 2025
The Federation Account Allocation Committee (FAAC) Post-Mortem Sub-Committee has recovered N2.36tn and $7.87m in outstanding revenue arrears from revenue-generating agencies ...
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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.