The Dangote Petroleum Refinery has started supplying Premium Motor Spirit (PMS), popularly known as petrol, directly to oil marketers, bypassing the Nigerian National Petroleum Company […]
Category: Business
Business
Adedeji Adeleke to Build Nigeria’s Largest Power Plant, Boosting National Electricity Supply
Adedeji Adeleke, the father of music star Davido and a prominent business mogul, has announced plans to construct Nigeria’s largest thermal power plant. Speaking at […]
Federal Government Allows Petroleum Marketers to Buy Petrol Directly from Refineries, Bypassing NNPC
The Federal Government has granted petroleum marketers permission to purchase petrol directly from local refineries, removing the Nigerian National Petroleum Company Limited (NNPCL) as a […]
Fuel Price Hike Sparks Tensions Between IPMAN and NNPCL, as Nigerians Lament Economic Hardship
The latest hike in petrol prices by the Nigerian National Petroleum Company Limited (NNPCL) has led to a confrontation with the Independent Petroleum Marketers Association […]
Fuel Price Surge: Stations Adjust Prices Nationwide Amid Supply Crisis
Petrol stations across the country have raised their pump prices following the latest hike in supply costs. In the Federal Capital Territory (FCT), major and […]
South Korean Consortium to Build Four Refineries in Nigeria, Says FG
A consortium of South Korean investors is set to build four refineries in Nigeria, each with a capacity of 100,000 barrels, the Federal Government announced […]
Naira-for-Crude Deal with Dangote Refinery Set to Last Six Months
The Nigerian National Petroleum Company Limited (NNPC) has initiated a naira-for-crude deal with the Dangote Petroleum Refinery, set to last for six months in its […]
NNPC Set to Supply Crude in Naira to Dangote Refinery as Local Refineries Gear Up for Petrol Production
The Nigerian National Petroleum Company Limited (NNPC) is preparing to supply crude oil in naira to the Dangote Petroleum Refinery this week, following the Federal […]
Naira Weakens to N1,640 as Dollar Supply Dwindles
The Naira yesterday depreciated to N1,640 per dollar in the parallel market, dropping from N1,650 per dollar recorded on Thursday. This decline extended to the […]
Dangote Calls for Complete Removal of Fuel Subsidies as His Refinery Prepares for Full Production
The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has reiterated his call for the Federal Government to remove fuel subsidies entirely. Speaking […]