Abubakar Ibrahim

1 day ago | businessday.ng | Abubakar Ibrahim

The Nigerian National Petroleum Company (NNPC) Limited has planned to recommence crude oil drilling operations at the Kolmani oil field, situated along the Bauchi-Gombe state border. This development marks a return to activity at the site following almost two years of dormancy. This update was shared by Bayo Ojulari, the newly appointed Group Chief Executive Officer of NNPC, during an interview with the BBC on Monday.

3 days ago | businessday.ng | Abubakar Ibrahim

Digital financing platform Grow is revolutionising how small and medium enterprises (SMEs) access funding in Nigeria, offering quicker, technology-driven solutions to longstanding cash flow constraints.

4 days ago | businessday.ng | Abubakar Ibrahim

The Dangote Petroleum Refinery has denied assertions by fuel marketers suggesting it cannot satisfy domestic fuel demand, citing that the facility possesses sufficient fuel reserves to cater to Nigeria’s energy needs, with surplus available for export to foreign markets. This response followed comments made by Aliko Dangote, the refinery’s founder, who alleged that certain powerful groups, including major marketers and traders, are working against the success of the $20 billion facility.

4 days ago | businessday.ng | Abubakar Ibrahim

Nigeria’s crude oil production climbed to a two-month high in April, signaling modest recovery efforts in Africa’s largest oil producer, but remained below the country’s official quota set by the Organisation of the Petroleum Exporting Countries (OPEC). Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed the country pumped an average of 1.486 million barrels per day (bpd) last month, up from 1.401 million bpd recorded in March.

6 days ago | businessday.ng | Abubakar Ibrahim

The Federal Government has called on President John Dramani Mahama of the Republic of Ghana to ensure that relevant agencies in his country are prompt in clearing the backlog of debts for gas supplied. Ekperipe Ekpo, Nigeria’s Minister of State for Petroleum Resources (Gas), conveyed the message to President Mahama during a courtesy visit on the sidelines of the Meeting of the Committee of Ministers of the West African Gas Pipeline (WAGP), held in Accra on April 29, 2025.