New Telegraph

Export Surges 407% To N1.96trn At Offdock Terminal

Export Surges 407% To N1.96trn At Offdock Terminal

Goods valued at N1.96 trillion ($1.23 billion) were shipped out of Lagos ports between January and September 2024 through a dedicated off dock terminal. The shipments represent a remarkable 407.05 per cent increase. According to…

Subsidy Removal Has Reduced Arbitrage – NNPC Ltd GCEO

Subsidy Removal Has Reduced Arbitrage – NNPC Ltd GCEO

The Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company Ltd (NNPC Ltd), Mele Kyari, has said that the removal of fuel subsidy in Nigeria has reduced arbitrage. He explained that it has brought…

ESG, Regulatory Frameworks Driving Energy Investments In Nigeria, Others – Seplat CFO

ESG, Regulatory Frameworks Driving Energy Investments In Nigeria, Others – Seplat CFO

The Chief Financial Officer (CFO), Seplat Energy, Mrs Eleanor Adaralegbe, has said that Environment, Social and Governance (ESG) standards and regulatory frameworks in Nigeria and other African countries significantly shape oil and gas investments in…

Group Urges NNPCL To Remove Hidden Levies On Dangote Fuel Price

Group Urges NNPCL To Remove Hidden Levies On Dangote Fuel Price

The Coalition for Energy Reforms and Good Governance Advocacy has urged the removal of hidden levies and charges on Premium Motor Spirit (PMS), better known as petrol, locally sourced from Dangote Petroleum Refinery as a…

Yingqi Auto Machinery Unveils Factory To Revive Vehicle Engines

Yingqi Auto Machinery Unveils Factory To Revive Vehicle Engines

Yingqi Auto Machinery Co., Ltd., an auto company specialising in car engine refurbishment, has been established in Lagos to help motorists maximise the service life of their vehicles. In addition, the company provides automotive new…

NADDC, Mikano, CFAO, Others Set For NAJA Capacity Building, Workshop On CNG

NADDC, Mikano, CFAO, Others Set For NAJA Capacity Building, Workshop On CNG

The Nigeria Auto Journalists Association (NAJA) has scheduled its Annual Training/Capacity Building Workshop on October 31, 2024, in Lagos. The training, which is slated for the Lagos Chamber of Commerce and Industry (LCCI) building, Ikeja,…

2024 Licensing Round: NUPRC Woos Foreign Investors For 31 Blocks

2024 Licensing Round: NUPRC Woos Foreign Investors For 31 Blocks

…says it’s a game-changer for Nigeria’s oil, gas sector The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has urged foreign investors to seize the opportunity presented by the ongoing licensing round in Nigeria to not only…

FPSO Facility In Lagos Will Increase Oil Production With Over 40,000bpd – Lokpobiri

FPSO Facility In Lagos Will Increase Oil Production With Over 40,000bpd – Lokpobiri

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri has said the Floating Production Storage and Offloading (FPSO) facility in Lagos, a joint venture between NNPC Limited and Century Nigeria Limited, in partnership…

Top 15 Weekly Business News Roundup For Latest Nigeria News

Top 15 Weekly Business News Roundup For Latest Nigeria News

Here is New Telegraph’s weekly business news roundup of the top 15 latest Nigerian news making headlines from Monday, October 7 to Saturday, October 12, 2024. Independent Marketers Adjust Fuel To Dangote Refinery’s Price, Sell…

SPDC JV Partners Sign Landmark GSPA For $3.5bn Brass Fertilizer & Petrochemical Project

SPDC JV Partners Sign Landmark GSPA For $3.5bn Brass Fertilizer & Petrochemical Project

The Federal Government’s effort to boost the country’s gas sector has received a significant boost with the signing of a Gas Sales and Purchase Agreement (GSPA) for the Brass Fertilizer and Petrochemical project in Bayelsa…