Here is New Telegraph’s weekly business news roundup of the top 15 latest Nigerian news making headlines from Monday, August 5 to Saturday, August 10, 2024.

NNPC Ltd Demands N4.7trn Petrol Imports Refund From FG

The Nigerian National Petroleum Company Limited (NNPC Ltd) has demanded a refund of N4.71tn from the Federal Government to settle outstanding debts to import Premium Motor Spirit (PMS), otherwise known as petrol or fuel, into the country.

This was disclosed by the Minister of Finance…Read more

Dangote Refinery To Process Nigerian Crude – Chairman

The Chairman of Dangote Group, Alhaji Aliko Dangote on Thursday said Dangote Petroleum Refinery was built to use Nigerian crude and add value to it within the country.

Dangote who made this remark…Read more

CBN: Why We Approved Unity, Providus Banks’ Merger

The Central Bank of Nigeria (CBN) has said that its approval of a “pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited,” is aimed at strengthening the stability of the country’s financial system and averting potential systemic risks.

The apex bank stated this…Read more

Tinubu Engages MD/CEO Of Innoson Motors On CNG Vehicles

President Bola Tinubu has engaged the Managing Director, Chief Executive Officer (MD/CEO) of Innoson Motors on the manufacturing of Compressed Natural Gas (CNG) enabled vehicles in the country.

This was disclosed…Read more

OPEC: Dangote Refinery Products, Others Will Disrupt European Market

The Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria Based world’s largest single train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil.

OPEC in its newly released monthly…Read more

Kuwait, Spain, Portugal Await N413.96bn Gas From Nigeria

Ports in Portugal and other European countries and Asia are expecting 423,000 tonnes of liquefied natural gas valued at $276 million (N413.96 billion) in August from NLNG plant in Bonny from this month.

The gas will be loaded at the…Read more

NNPCL Unveils Utapate Crude Oil Grade

The Nigerian National Petroleum Company Ltd, (NNPC Ltd) has announced the introduction of Utapate crude oil blend, a new crude oil grade into the international crude oil market.

This was contained in a statement yesterday…Read more

Climate Change: Nigeria Faces Natural Disaster Risks

The Nigeria Economic Summit Group (NESG) Private Sector Co-Chair, Mr. Osagie Okunbor, has said Nigeria is at risk of severe natural disasters exacerbated by climate change, unless drastic steps are taken to wedge it.

Osagie said…Read more

FG Sets Up Committee On Establishment Of Digital Free Zones

Federal Government has set up a steering committee to oversee establishment of digital free zones across the country.

The zones, which is chaired…Read more

It’ll Be Hard For Nigeria If Fuel Subsidy Is Reversed – Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said it will be hard for Nigeria’s economy if any administration tries to reverse the fuel subsidy removal after President Bola Tinubu’s government.

Edun who spoke on Thursday…Read more

Protests: FG Reassures On Quick Renovation Of Vandalised Kano ICT Park

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has assured the youths in Kano who are enrolled into the 3 Million Technical Training (3MTT) programme that their dreams would soon be realised despite the looting and destruction of the Kano Digital Park by some protesters.

The minister said the government…Read more

Economic Sabotage: Count Us Out – NNPC Ltd

The Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPC Ltd), Mele Kyari, has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage.

Kyari, who was addressing the Senate…Read more

We’re Rising To Nigeria’s Energy Challenge – Seplat

Seplat Energy Plc, has said it is rising to the challenge of energy deficit in Nigeria through its new critical projects, which, it said, are capable of taking the company’s gas processing capacity to 850 million standard cubic feet per day (MMscfd) consolidating the company’s position as a leading gas supplier to the Nigerian market.

The Director New Energy, Seplat…Read more

Be Transparent With Your Tariffs, NCC Directs Telcos

The Nigerian Communications Commission (NCC) has issued a directive to telecommunications operators to simplify their tariff plans, bundles, and promotional activities.

The move, according to the Commission,..Read more