Archives Tag: oil and gas

BUSINESS

Brands We Love: Famfa Oil

April 19, 2022

  Famfa Oil is one of Nigeria’s largest indigenous oil and gas exploration companies. Headquartered in Lagos, it has been involved in the country’s petroleum industry for more than three decades and has leveraged partnerships with other players in the industry from across the world to build capacity and improve outcomes from its operations. Read … Continue reading Brands We Love: Famfa Oil

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BUSINESS Discover Nigeria

Benedict Peters And Aiteo Group: Nigeria’s Largest Indigenous Oil Producing Firm

April 19, 2022

  Benedict Peters is a Nigerian billionaire who founded the Aiteo Group, Nigeria’s largest indigenous oil-producing firm. As of November 2014, he had an estimated net worth of US$2.7 billion. He is ranked by Ventures Africa as the 17th richest person in Africa and the 7th richest in Nigeria. Read more about Men you should … Continue reading Benedict Peters And Aiteo Group: Nigeria’s Largest Indigenous Oil Producing Firm

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BUSINESS

Did You Know? Top 10 Nigerian Women In Business

April 19, 2022

  Across Nigeria’s economic landscape, Nigerian women are putting in a shift and pushing the boundaries of achievement. This is true in commerce and industry, media and entertainment, academia, sport, and whatever other fields you can think of. They once had to dwell in the lower rungs of corporate hierarchies; but now, they are proving … Continue reading Did You Know? Top 10 Nigerian Women In Business

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BUSINESS Did You Know? ECONOMY

Three Sectors Bigger Than the Oil Industry in Nigeria

April 19, 2022

The National Bureau of Statistics recently released data on the growth of Nigeria’s economy in 2019. The GDP report showed that the country’s economy had grown by 2.27 percent in the year just passed. It had performed slightly better than many analysts (including those at the IMF) had expected. But it will need to grow … Continue reading Three Sectors Bigger Than the Oil Industry in Nigeria

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BUSINESS

Dangote Refinery has Received the World’s Largest Crude Distillation Equipment

April 19, 2022

The Dangote Refinery project has taken another step toward commencing operations. The company announced on Monday that it had taken delivery of crude distillation equipment, which is said to be the largest of its kind in the world. The equipment, referred to as an ‘atmospheric tower’, is a huge cylindrical tube, weighing 2,252 tonnes. Official … Continue reading Dangote Refinery has Received the World’s Largest Crude Distillation Equipment

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Politics

ThrowBack Thursday: Oloibiri Oil Discovery (1959)

April 19, 2022

A very major bulk of Nigeria’s wealth since the 1950’s has been from oil; and quite a majority of this oil have been explored in the Niger Delta region of Nigeria. Until oil was discovered, agriculture was the primary contributor to the entire Gross Domestic Product (GDP), and everyone went to sleep since then, except … Continue reading ThrowBack Thursday: Oloibiri Oil Discovery (1959)

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BUSINESS

Nigeria Targets N250 Billion Revenues From Lubricants Market

April 19, 2022

It has been reported that the Nigerian lubricants market will earn an estimated increased N175 billion in revenues in 2014, up from the N150 billion generated in 2013. Mr. Kayode Sote, Principal Partner, Lubeservices Associates, disclosed this at the media briefing held to announce Nigeria’s first lubricant summit and exhibition scheduled to take place next … Continue reading Nigeria Targets N250 Billion Revenues From Lubricants Market

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Books ECONOMY Energy News Research

Canada-based Professor Launches Book on Oil Theft in Nigeria

April 19, 2022

A Professor of Criminology at the University of Alberta, Canada, Temitope Oriola, has launched a book on kidnapping of oil workers in Nigeria. The book, In Criminal Resistance? The Politics of Kidnapping Oil Workers, explores circumstances responsible for abducting oil workers, and reasons for it. This brings to the fore another challenge in Nigeria’s oil … Continue reading Canada-based Professor Launches Book on Oil Theft in Nigeria

By sheyi

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BUSINESS

Nigerian Oil Exports Set to Rise to Nine-Month High

April 19, 2022

Nigeria is the 10th largest oil producer in the world, the third largest in Africa and the most prolific oil producer in Sub-Saharan Africa. Nigerian oil exports are set to rise to about 2.1 million barrels per day (bpd) in May, trade sources said on Wednesday, citing provisional loading programmes, a level that Reuters data … Continue reading Nigerian Oil Exports Set to Rise to Nine-Month High

By loyigah

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