VFD Group Plc grew profit after tax from ₦0.75 billion in 2023 to ₦10.41 billion in the 2024 financial year despite the challenging operating environment. The...
Nigeria’s Dangote Oil Refinery is on track to achieve full operational capacity within the next 30 days. The 650,000-barrel-per-day (bpd) refinery began processing crude into refined...
The Nigerian National Petroleum Company Limited (NNPCL) has achieved a 96% reduction in gas flaring at the Anyala (OML 83) and Madu (OML 85) fields. This...
The House of Representatives has called on the Federal Government to suspend all divestment applications by International Oil Companies (IOCs), including Shell and TotalEnergies, until they...
Shell Petroleum Development Company (SPDC) has confirmed a fresh oil spill at its facility in Ogale, Rivers State. The incident occurred when a storage pit (saver...
Oando Plc has announced the phased distribution of its shares in line with a shareholder-approved resolution passed at the company’s 45th Annual General Meeting (AGM) on...
French oil and gas major TotalEnergies has announced plans to reduce investments in low-carbon energy after net profit declined by 26% in the 2024 financial year....
Conoil Plc, a leading downstream oil and gas company, has reported a 60.5% surge in revenue for the financial year ended December 31, 2024. The company’s...
Oando Plc recorded strong financial growth in full-year 2024 as revenue rose by 45% to N4.12 trillion from N2.85 trillion in 2023. The energy company’s performance...
BUA Foods Plc has delivered an exceptional financial performance in full-year 2024 with turnover surging by 114% to N437.45 billion, up from N204.05 billion in 2023....
