Business
MoU with Indorama will generate over $18 billion – NNPCL
The Nigerian National Petroleum Company Limited has said that the recent Memorandum of Understanding (MoU) signed with Indorama will generate over $18 billion in revenue and monetize over 1.7 trillion cubic feet of gas.
The company said this in a statement signed by its Chief Corporate Communications Officer, Garba Deen Muhammad.
The statement read:
Key benefits of the opportunities include the monetization of over 1.7 TCF of gas and 100 million barrels of oil reserves, generation of upstream lifecycle revenue of over $18 billion, downstream production of about 4.8 million Tonnes Per Annum (MTPA) of products including methanol, urea, and fertilizer to boost national food security.
Canadian region reopens immigration programs for skilled workers, leading pathway to permanent residency
IGP Orders Specialized Training for Police Officers on Human Rights, Ethical Conduct
Tariff increase: Cost of data in Nigeria, Ghana, South Africa, and Kenya compared
U.S, Nigeria sign over $2 million grant to expand fiber optic infrastructure by 90,000 km
Nigeria Correctional Service to deploy technology for security in custodial centres
From open surgery to non-invasive: Nigerian women pay N700,000 to N3 million for fibroid treatment
NASS Investigates ₦4trn Revenue Shortfall Due to Waivers
Business7 days agoPresidency lists new national ID card, 9 others as top policies to watch out for in 2025
News1 week agoPresident Biden to Honor Messi, Denzel Washington with Top US Award
News1 week agoArmy Intensifies Crackdown on Oil Theft, Dismantles 37 Illegal Refining Sites
Business7 days ago2025 Budget: Nigeria’s underfunded embassies, consulates get N2.8 billion allocation for electricity charges
Business7 days agoNigerian startups raised over $400 million in 2024 but Kenya leads in Africa—Report
Business1 week agoNollywood: Alakada, Bad & Boujee grosses N285.9 million in 14 days
Business1 week agoA simple guide for African businesses to implement AI transformation
Business1 week agoNigeria’s power sector in 2024: Key milestones, innovations, and policy shifts