A new oil production technology, first tested by Chevron, could unlock up to 5 billion barrels of previously inaccessible crude.

MAN has warned that rising interest rates at 35%, driven by CBN’s MPR hikes, are strangling manufacturing and threatening jobs

Mercedes-Benz Korea is set to cooperate with authorities to determine the cause of fire and would offer free inspections nationwide.

Dangote Refinery has refuted IPMAN’s claims that it plans to sell petrol at N600/ N650 per litre.

“Nobody is going to put in $1 with the expected return of 60 cents on the dollar,” Toriola emphasised strongly.

The Securities and Exchange Commission has approved a 10-day extension for Access Holdings Plc’s N351 billion rights issue

Google’s Rick Osterloh says, “We’re fully in the Gemini era,” as company showcases new AI-powered features and screenshot search.

Google will deactivate Russian AdSense accounts in August 2024, citing payment issues amid escalating tensions with Russia.

Driven by China’s growth, global electric vehicle sales have surged to 21% in July, despite tariffs and declining demand in Europe.

SPE Nigeria Council has assured that local firms buying onshore oil assets will retain skilled personnel and maintain technical standards.

BDAN has criticised the timing of the 70% windfall tax on FX profits, highlighting its impact on ongoing recapitalisation efforts.

“Dangote built a refinery, got stuck, and the government gave $1 billion. No businessman has gotten such support,” said Shedrack.

Seplat Energy has announced commitment to sustainable business practices, ending gas flaring by 2025, and expanding clean energy solutions.

Portland Gas hails CNG programme as transformative for Nigeria’s transport sector, with incentives and a new app for adoption.

CBN approved Providus’ takeover of Unity Bank to prevent financial instability in northern Nigeria, according to findings.

Edo Refinery has raised alarm over crude supply issues despite agreements with NNPC, operating below capacity due to persistent shortages.

An OPEC report has stated that Nigeria’s Dangote Refinery could significantly disrupt Europe’s oil industry, reshaping global fuel supply dynamics.

Dangote Group says the NUPRC has not fulfilled crude allocation promises, raising concerns about PIA enforcement.

NBS has reported a 19.2% increase in healthy diet cost to N1,241 in June, with regional disparities and inflation impact noted.

The CBN sold $876.26 million in foreign exchange via the rDAS, aiming to alleviate market demand pressure.