Sahara Deploys 380,000-Barrel Tanker to Boost OML 18 Crude Evacuation
The new mother vessel is expected to shorten turnaround times, increase throughput and reduce fuel consumption associated with prolonged downtime.
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Energy
Caverton Offshore Swings to Half-Year Loss of N8.68 Billion
Caverton Offshore Support Group posted a net loss of N8.68 billion in the first half of this year, compared with
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Weak Demand Hits BUA Foods’ H1 Revenue, but Profit Rises to N292bn
The food manufacturer overcame weaker consumer demand and lower selling prices by cutting production and operating costs, while strong pasta
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TotalEnergies’ Nigerian Retail Business Bounces Back as Half-Year Profit Nears N5bn
TotalEnergies Marketing Nigeria Plc returned to profitability in the first half of the year, recording a profit after tax of
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Aradel’s Half-Year Revenue Soars 577% on Higher Output, Iran War
The Nigerian energy group generated N975.6 billion in operating cash, slashed net debt to N46.5 billion and reaffirmed its full-year
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Oando Sells 95% Stake in OPDC to Energia for $48.45m
Oando Plc has agreed to sell a 95 per cent equity interest in Oando Production and Development Company Limited (OPDC)
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NNPC Says Payments to Government Hit N6.28 Trillion in First Half
The state-owned Nigerian National Petroleum Company said the statutory payments to the Federation for the first half of the year
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Conoil’s Profit Balloons Nearly Sixfold to N5.15 Billion in First Half
Conoil Plc recorded a sharp rise in earnings in the first half of the year, with profit after tax climbing
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Geregu Power’s Half-Year Profit Plunges 88% to N2.5bn
Geregu Power Plc recorded a sharp decline in earnings in the first half of 2026, as profit after tax fell
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Seplat Energy Steps Up Offshore Drilling Push with Second Rig Contract
Seplat Energy is intensifying its offshore drilling campaign in Nigeria, with one jack-up rig already in the country and a
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