The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted claims that it has approved Shell International Plc’s $1.3 billion sale of its onshore assets to Renaissance Consortium. Mrs. Olaide Shonola, Head of Public Affairs and Corporate Communication, who signed the press statement on Wednesday, emphasized that the information published in Businessday on September 11, 2024, is incorrect and didn’t originate from the Commission. NUPRC had confirmed its commitment to transparency and stated that it will...

The NNPC Limited (NNPCL) has declared a net profit of N3.297 trillion at the close of the financial year which ended in December 2023. According to the corporation, an increase of over N700 Billion (28%) when compared to the 2022 profit of N2.548 trillion was recorded. A press statement on Monday signed by Olufemi Soneye, the Chief Corporate Communications Officer of NNPCL, quoted the Chief Financial Officer of the Company, Mr. Umar Ajiya as saying...