nnpc

04 March Morning Biz News: Shiimi Appoints New Procurement Board, Fuel Price War Erupts in Nigeria, and Sinopec Unveils Major Oil Discovery

Finance Minister Reshuffles Central Procurement Board Finance Minister Ipumbu Shiimi has made key appointments to the Central Procurement Board of Namibia, ensuring continuity and fresh leadership. Mary Ndeshihafela Shiimi and Julinda Memosa //Garus-Oas have been reappointed, with Shiimi serving as the board chairperson. Meanwhile, Brian Katjaerua has been appointed as the new deputy chairperson. These appointments aim to enhance efficiency in procurement processes and strengthen governance. South African Manufacturing Sector […]

4 March, 2025 26

Africa

Nigeria’s Dangote Oil Refinery Holds 500 Million Litres of Petrol

Nigeria's Dangote oil refinery possesses a reserve of 500 million litres of petrol, according to its billionaire founder, refuting assertions from marketers that they require additional imports to address fuel shortages. CNBCAfrica indicates that, in response to the situation, Nigeria's President, Bola Tinubu, convened a meeting on Tuesday in Abuja with oil regulators, the head of the state-owned NNPC, the finance minister, and Aliko Dangote.

31 October, 2024 11

Africa

Helicopter Crash in Nigeria Kills Three En Route to Offshore Oil Facility

A helicopter crash in Nigeria claimed the lives of at least three people on Thursday while en route to an offshore oil production facility, according to the state-owned NNPC. Reuters indicates that the helicopter, operated by East Winds Aviation, lost contact during its flight from Port Harcourt to the Antan Floating Production Storage and Offloading facility. The aircraft was carrying eight individuals, including six passengers and two crew members.

25 October, 2024 32

Africa

Nigeria’s NNPC Seeks $2 Billion Oil-Backed Loan to Strengthen Finances

Nigeria's state-backed oil company, the Nigerian National Petroleum Corporation, is negotiating another oil-backed loan to enhance its finances and support business investments, its chief executive told Reuters. The NNPC aims to raise at least $2 billion, according to sources familiar with the matter, as the company faces increasing economic pressure.

10 July, 2024 14