Dangote Declares Nigeria’s $18 Billion Refinery Rehabilitation a Complete Failure

  The President of Dangote Group, Alhaji Aliko Dangote, has stated that Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna may never function properly again, despite the reported $18…

Nigerian Stock Exchange Surges to New High, Market Capitalization Rises to N78.726 Trillion

  The Nigerian Stock Exchange, under Nigerian Exchange Group, NGX, Limited, recorded a historic milestone as investors gained N1.806 trillion in a single day. This development follows a significant rise…

NNPCL May Sell Port Harcourt, Warri, and Kaduna Refineries Amid Review of Strategie

The Group Chief Executive Officer of Nigerian National Petroleum Company, Bayo Ojulari, has said the state-owned oil company may consider selling the Port Harcourt, Warri, and Kaduna refineries depending on…

Dangote Refinery To Abandon US Crude, Eyes 100% Local Supply

  Dangote Refinery has announced plans to dump imports from the United States and other countries and rely 100 percent on domestic crude. According to Bloomberg, the vice president of…

Good News for Motorists:Dangote Refinery’s Price Drop Leads to Reduced Petrol Prices Across Nigeria

  Petroleum products marketers have reduced the price of Premium Motor Spirit in Nigeria. The president of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed this in an…

Fuel Price Relief: Dangote Refinery Slashes Petrol Price by N40 per Litre

  Nigeria’s Dangote Refinery has reduced its premium motor spirit ex-depot price to N840 from N880 per litre. This comes as petroleum product marketers plan an emergency meeting to drop…

Naira on the Rise: Currency Records First Gain in a Week, Appreciating by N5 at Parallel Market and N13.18 at Official Market

  The Naira recorded massive appreciation against the dollar at the official foreign exchange market on Thursday. According to the Central Bank of Nigeria’s foreign exchange data, the naira strengthened…

FG Begins Consumer Credit Disbursement to Abia Market Women, Targets One Million Beneficiaries Nationwide

ABA, ABIA STATE  – The Federal Government, through the Nigerian Consumer Credit Corporation (CREDICORP), has officially commenced the disbursement of consumer credit to market women in Abia State as part…

NUPRC Says Holders, applying For Oil Licence Extension Are To pay A Fee Of $5,000

  The Nigerian Upstream Petroleum Regulatory Commission officially wrote to holders of around 40 Petroleum Prospecting Licences in Nigeria, informing them of licence expiration and giving conditions for extension. This…

$7.2 billion Fraud: EFCC Arrests. Ex-Chief Financial Officer, Of The Nigerian National Petroleum Company Limited, NNPCL,

  The Economic and Financial Crimes Commission, EFCC, has arrested an ex-Chief Financial Officer, CFO, of the Nigerian National Petroleum Company Limited, NNPCL, Umar Isa, over an alleged $7.2 billion…