Dangote Cuts Petrol Loading Cost To ₦890 Per Litre
The Dangote Refinery has slashed its ex-depot price for premium motor spirit (PMS), better known as petrol, from ₦950 per litre to ₦890. In a statement, the company said the…
Lagos Detty December Sets Tourism Benchmark with Resounding Success
Lagos State has once again proven its mettle as the cultural and economic heartbeat of Nigeria, reaping an astounding $71.6 million in revenue during the 2024 Detty December festivities. This…
UBA Heralds Festive Season, Lights Up Lagos Marina Garden
United Bank for Africa, through its Corporate Social Responsibility Arm, the UBA Foundation, on Monday, held its annual Garden Light-Up ceremony to kick-start the festive season. The dazzling ceremony, held…
Old PH Refinery Fully Operational’, Facility Manager Counters NNPCL’s 90% Claim
The manager of the Old Port Harcourt Refinery has said the facility is now fully operational in the wake of claims and counterclaims that have continued to greet the resuscitation…
Naira Crude: Dangote, Other Local Refiners Unable To Secure Adequate Supplies — Report
Vice-president of Dangote Industries Limited, Edwin Devakumar, has said that the refinery and other local refiners have been unable to secure enough crude oil supplies despite the federal government’s plan…
NNPCL Seals 10-Year Gas Supply Deal With Dangote Refinery
The Nigerian National Petroleum Company (NNPC) Limited has announced that subsidiary, the NNPC Gas Marketing Limited (NGML), has successfully executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum…
petrol: Banks creating N3.5trn loan for imports
Banks are set to increase funding of petrol importation to N3.5 trillion as more marketers move to import the product amidst the push for the exclusivity of local production and…
Status Update On The Presidential CNG Initiative
Following recent media reports, we find it necessary to address certain misinformation regarding the Presidential CNG Initiative. As a response to the high cost of petrol and the attendant rise…
Don’t allow Dangote takeover energy sector, oil marketers tell court
Three major oil marketers in the country, yesterday, asked the Federal High Court in Abuja to stop what they described as plot by Dangote Petroleum Refinery and Petrochemicals FZE, to…
Marketers plan to sell petrol below N1,028/litre Dangote price
Oil marketers, on Friday, revealed that the price of Premium Motor Spirit, popularly called petrol, produced by the Dangote Petroleum Refinery was between N1,015 and N1,028/litre depending on the quantity…
Tinubu Lauds Adetuntan, As First Bank Celebrates Ex-Group CEO
President Bola Ahmed Tinubu congratulates Dr Adesola Adeduntan, the retired Group Chief Executive Officer of First Bank Nigeria Limited, for his exceptional service at Nigeria’s oldest bank. In celebration of…
Marketers Spend Days At Dangote Refinery Unable To Load Petrol — IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says its members can’t load petrol from the Dangotefinery in Lagos despite having paid ₦40bn to the Nigerian National Petroleum Company Limited…
Naira For Crude Transaction: Tinubu Assures Of More Stability In The Oil Sector
President Bola Ahmed Tinubu, speaking Tuesday in Abuja, commended the Implementation Committee on the Naira-based sales of crude oil and refined products and asked the members to resolve any teething…
Elumelu Foundation backs 20,000 African startups with $5,000 seed fund
Heirs Holdings and the Tony Elumelu Foundation have provided $5,000 in seed capital to young African entrepreneurs to spur economic growth across the continent. The announcement was made during the…
Full Text: Tinubu Speech At Consultative Workshop On Livestock Reforms In Nigeria
Protocol The Minister of Agriculture, the Co-Chairman, Presidential Livestock Reforms Implementation Committee, Prof Attahiru Jega, OFR, Ladies and Gentlemen I am delighted to join you today at this consultative workshop…
Full Text: Tinubu Speech At The 54th Annual Accountant Conference Of Governance
Protocol Ladies and Gentlemen, 1. It is with profound honour that I stand before you today as the President of the Federal Republic of Nigeria and a fellow advocate for…
NNPCL allocates 48.6m barrels of crude to Dangote Refinery
The Nigerian National Petroleum Company Limited, NNPCL, has allocated a total of 48.6 million barrels of crude oil to Dangote Petroleum Refinery in the past 10 months, Vanguard investigations have…
Dangote to transport refined products by sea — Official
Dangote Group has said that it plans to transport refined petroleum products by sea. This announcement was made in a statement on Sunday by the Senior Adviser to the Group…
Tony Elumelu, Cindy McCain, Address Africa’s Youth Unemployment, Hunger Crisis at UNGA79
Tony O. Elumelu, CFR, Founder of the Tony Elumelu Foundation (TEF), hosted a reception with Cindy McCain, Executive Director of the World Food Programme (WFP), to highlight youth unemployment and…
Dangote Refinery Denies Selling Petrol To NNPCL At ₦898 Per Litre
The Dangote Refinery located in Lagos has denied selling petrol to the Nigerian National Petroleum Company Limited (NNPCL) at N898 per litre. A spokesman for the refinery Anthony Chiejina in…