Nigeria LNG Generates $149.6 Billion, Pays $10.8 Billion Taxes To Govt Since 2009
The Chief Executive Officer of NLNG, Adeleye Falade, who spoke in Lagos during the unveiling of the company’s Facts and Figures 2026 publication, said that NLNG has paid $47.2 billion in dividends to its shareholders and $10.8 billion in taxes to the federal government since becoming tax compliant in 2009.
Bayelsa Court Dismisses Suit Against Shell After 40 Years Of Oil Spills, Flares: NGO...
This came as a None Governmental Organization (NGO), Health of Mother Earth Foundation (HOMEF) rejected the dismissal by the judge, Justice Ayo Emmanuel, calling on King Dakolo, the Ekpetiama people and their legal team to pursue an appeal to the highest court in the land.
Ex President Jonathan Regrets Nigeria’s Backwardness Behind China In Oil And Gas Sector
Speaking at the Nigerian Content Tower (NCT), in Yenagoa, the Bayelsa State capital, Dr. Jonathan looked at how China became a major global player in oil and gas after the massive discovery of crude oil at the Daqing Oilfield in the Northeastern Heilongjiang Province in 1959, three years after a similar discovery in Otuabagi, OloibiriDistrict, of present-day Ogbia Local Government Area in Bayelsa State.
Dangote Goes Tough, Threatens To Confiscate Illegal Goods On Its Trucks, Offers N.5 Million...
Dangote Industries Limited has intensified efforts to combat illegal haulage activities involving its trucks by unveiling a public whistleblowing initiative that offers a cash...
Renaissance Signs Deal With Indorama For Long-Term Supply Of Natural Gas In Nigeria
A statement by the spokesperson of the Renaissance Energy Company, Adedayo Elusakin said that under the agreement, Indorama Fertilizer would receive up to 60 million standard cubic feet of natural gas per day (60 MMscf/d) on a firm supply basis over a 16-year period.
Let’s Align To Unlock Africa’s Energy Potential – Renaissance Energy Boss
Speaking at the ongoing Nigeria Oil and Gas Energy Week 2026 in Abuja, Tony Attah said that Africa's challenge is not a lack of gas resources, but the need for greater coordination between production, infrastructure, markets and investment.
CBN Declares ₦100 A Genuine Legal Tender
A statement today, July 8, by the spokesperson of the CBN, Hakama Sidi-Ali said that the commemorative ₦100 banknote, which was introduced to mark Nigeria's centenary did not replace the existing standard ₦100 banknote.
Renaissance Energy Coy Discovers Hydrocarbon Offshore Nigeria
The leading African oil and gas exploration and production company said in a statement on July 7, that preliminary evaluation indicated that the JK-004 well encountered approximately 1,000 feet of hydrocarbon-bearing column across seven reservoirs, adding: “initial log interpretation and fluid analysis confirm excellent reservoir quality and light oil.”
CBN Revokes Licenses Of 46 Microfinance Banks For Violating Laws
A statement today, July 1, by the spokesperson of the apex Bank, Hakama Sidi Ali said that the revocation was approved by the Governor, Olayemi Cardoso, "following the banks’ failure to meet the regulatory requirements for continued operation as licensed financial institutions.
Nigeria’s Identity Ecosystem Graduates To Global Best Practices As Tinubu Signs NIMC Act 2026...
A statement today, June 26, by the Head of Corporate Communications of the National Identity Management Commission (NIMC), Kayode Adegoke, said the signing of the new Act marks a transformative milestone in Nigeria’s journey towards a secure, inclusive and digitally empowered nation.
