We Recorded 157 Oil Theft in Niger Delta Within a Week - NNPCL   Despite renewed efforts aimed at tackling oil theft, the Nigerian National Petroleum Company Ltd (NNPCL), said it recorded 157 incidents within one week (December 30, 2023 and January 5, 2024) in the...

NNPCL Records Over N2trn Profit   The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday, said it made a profit of N2.548tn in 2022, describing it as the “highest profit since the inception” of the national oil firm. NNPCL is a state-owned oil corporation established in 1977...

Stock Investors Gain N1.93trn In Two Days   The Nigerian stock market, yesterday, continued to surge in an impressive momentum, with investors gaining over N1.57 trillion from their investment. This makes a total capital appreciation of over N1.93 trillion in two trading days of the week following...

Foreign Investments in Nigerian Startups Decline By 65%   Foreign investments in Nigerian startups fell by 65.83 per cent year-on-year to $410m in 2023 from $1.2bn in 2022. The fall in investments caused the country to lose its top spot in terms of total startup investments on...

COST OF GOVERNANCE: FG Reduces Staff Traveling with Tinubu, Shettima President Bola Tinubu has slashed by 60 per cent the travel expenditure of government officials in his administration. Presidential spokesman, Ajuri Ngelale, disclosed this to State House Correspondents on Tuesday at the Presidential Villa, Abuja. According to...

Dangote Refinery to Commence Production After Receiving Sixth Crude Cargo The Dangote Petroleum Refinery says it has received the sixth one million barrels of crude oil required for the commencement of operations. In a statement, the firm said the product was supplied by the Nigeria National...