A high-level delegation from Burundi has arrived in Nigeria, seeking to strengthen business ties and attract Nigerian investments to Burundi. Led by Ambassador Liberat Mfumukeko, Senior Advisor on Missions of the Presidency of Burundi, the delegation engaged with the Nigerian business community in Abuja, extending an invitation for investments in various sectors. Ambassador Mfumukeko highlighted…
The Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery are currently at odds over the pricing of Premium Motor Spirit (PMS), commonly known as petrol, produced by the refinery. NNPCL had claimed that the refinery was selling petrol at ₦898 per litre, but Dangote Refinery has refuted this, stating that a final price has…
The Nigerian National Petroleum Corporation (NNPC) has signed a Project Development Agreement (PDA) with Golar LNG for the deployment of a floating Liquefied Natural Gas (LNG) facility offshore in the Niger Delta, Nigeria. This initiative aligns with NNPC’s commitment to monetize Nigeria’s extensive natural gas resources. In a statement, Olufemi Soneye, Chief Corporate Communications Officer…
The Nigerian National Petroleum Company (NNPCL) has revealed to the Senate Committee on Appropriations that there are approximately 4,800 illegal connections to oil pipelines across the country. This information was disclosed by Mele Kyari, the Group Chief Executive Officer of NNPCL, during an interaction with members of the committee on the budget for 2024. The…
