NNPC Launches Utapate Crude Oil Grade into Market
The Nigerian National Petroleum Company Limited (NNPC) has introduced a new type of crude oil called Utapate to the global ...
Tag: Business
Refining Nigeria’s Destiny: Why Returning to Fuel Importation Is a Step Back
The petroleum downstream sector in Nigeria has erupted into a fierce debate. Two important groups, the Independent Petroleum Marketers Association ...
Nigeria Secures $1.2 Billion Deal to Revamp ALSCON Gas Plant
The Nigerian Ministry of Petroleum Resources has signed a $1.2 billion agreement with China's CNCEC to bring back the Aluminum ...
IPMAN to Lift Products Directly from Dangote Refinery
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has struck an agreement with Dangote Refinery to lift petroleum products directly. ...
Nigerian Breweries Face Significant Losses Due To FX Revaluation Woes
Nigeria's top breweries, including Nigerian Breweries, Guinness Nigeria, and International Breweries, have faced big losses in 2023 and the first ...
Canada Orders TikTok to Shut Down Business Operations Amid National Security Concerns
The Canadian government has ordered TikTok to cease all business operations in the country, because they are worried about national ...
Nvidia Surpasses Apple as World’s Largest Company by Market Capitalization
Nvidia Corporation has now become the world's largest company based on its market value, passing Apple Inc. As of the ...
Amazon Web Services CEO Matt Garman Faces Backlash Over Return-to-Office Policy
Over 500 Amazon Web Services (AWS) workers have written a public letter to CEO Matt Garman, expressing their disagreement with ...
Volkswagen announces major restructuring plan in Germany
Volkswagen AG has announced a big change plan, which includes closing at least three factories in Germany and cutting many ...
South African Retailer Pick n Pay to Exit Nigerian Market
South African supermarket chain Pick n Pay is leaving Nigeria by selling its 51% share in a partnership with A.G. ...
Alibaba to Pay $433.5 Million in Settlement of US Lawsuit
Alibaba Group Holding Ltd., the biggest online shopping company in China, has agreed to pay $433.5 million to settle a ...
Mercedes-Benz Q3 Profit Tumbles 64% on China Slowdown
Mercedes-Benz reported a 64% drop in earnings for its main car business in the third quarter, falling short of what ...
Seplat Finally Seals $1.28bn ExxonMobil Deal After 2-Year Delay
The federal government has finally given the green light to Seplat Energy’s purchase of Exxon Mobil's onshore assets, valued at ...
Middle East Tensions Weigh on Oil Markets
Oil prices went down after China's Finance Ministry meeting, where they didn't offer new ways to encourage people to buy ...
Nigeria To Get 4 New South Korean-Built Refineries
Nigeria plans to increase its oil refining ability with four new refineries that South Korean investors will build, according to ...
