Category: Business

For decades, oil theft and pipeline vandalism have plagued Nigeria’s petroleum industry, siphoning billions of dollars from government coffers, crippling production, and causing environmental devastation in the Niger Delta. However,…

The Dangote Petroleum Refinery and Petrochemicals has dropped the cost of its diesel product to ₦1,020 per litre, down from ₦1,075 per litre at the gantry price. In a statement,…

The Central Bank of Nigeria (CBN) says charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks other than theirs. This was contained in a circular…

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 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…

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…

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…

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…

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…

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…