Business
Petrol Marketers Are Boycotting Our Products -Dangote
Dangote laments marketers unwillingness to procure products from his refinery despite biting fuel shortages
30 October 2024
Oil Sector
Breaking News
NNPCL Raises Petrol Prices To N1,060 Per Litre Amid Economic Hardship
Nigerian National Petroleum Company Limited (NNPCL) raises petrol prices to N1,060 in Abuja and N1,025 in Lagos, sparking outrage.
30 October 2024
Business
FG Approves ExxonMobil, Seplat $1.2b Divestment Deal
Following a two year wait FG finally approves ExxonMobil’s $1.2 billion onshore assests sale to Seplat Energy.
22 October 2024
Breaking News
Dangote Refinery Sues NMDPRA Over Import Licenses
Dangote Refinery files suit against NMDPRA for issuing import licenses for petroleum products, seeking N100 billion in damages and a court order to revoke the licenses.
22 October 2024
Breaking News
Over 123 Million Litres of Petrol Arrive at Nigerian Seaports, As Talks Continue with Dangote
Four vessels carrying 123.4 million litres of petrol arrive at Nigerian seaports, supplementing supply from Dangote Petroleum Refinery
21 October 2024
Business
Federal Government Rejects Shell $1.3 Billion Divestment Deal With Renaissance Group
The Nigerian government, through the NUPRC, rejects Shell’s $1.3 billion onshore asset sale to Renaissance Group
17 October 2024
Breaking News
Fuel Price Reduction Hopes Dashes as FG Increases Landing Cost
Hopes for reduction of fuel prices fade as Nigeria’s NNPCL raises the landing cost of PMS due to naira depreciation
15 October 2024
Breaking News
Federal Government Grants Marketers Direct Access to Petrol from Dangote Refineries
Federal government allows petroleum marketers to buy directly from Dangote and other refineries, bypassing NNPCL in a bid to foster supply.
11 October 2024
Breaking News
NNPC Naira-for-Crude Deal with Dangote Refinery to Last Six Months
NNPC’s naira-for-crude oil deal with Dangote Petroleum Refinery is set to last six months, delivering 385,000 barrels daily and reducing pressure on the naira.
8 October 2024
Business
FG Approves ExxonMobil-Seplat Energy Divestment Deal
Nigeria to approve $1.28 billion ExxonMobil-Seplat Energy divestment deal, President Bola Tinubu confirms during independence day speech.
2 October 2024
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