Power has been restored to four states served by the Jos Electricity Distribution Company – Plateau, Bauchi, Gombe, and Benue – ending a 10-day blackout. Electricity returned at 7:20 p.m. on Wednesday, sparking celebrations in affected communities. In Jos, the capital of Plateau State, residents took to the streets in relief and joy after days […]Read More
Nigeria’s Power Minister, Adebayo Adelabu, has disclosed that the severe power outages across northern states are due to attacks and threats from bandits and terrorists targeting the ministry’s infrastructure, causing widespread disruption to the electricity supply. The Minister clarified that these outages were not due to a grid collapse but resulted from external disturbances. On […]Read More
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that its members are unable to load petrol from the Dangote Refinery in Lagos, despite having paid ₦40 billion to the Nigerian National Petroleum Company Limited (NNPCL). IPMAN President Abubakar Garima made this statement during an appearance on Channels Television’s Sunrise Daily programme on Wednesday. […]Read More
Aliko Dangote, president of Dangote Group, announced on Tuesday that his refinery can meet Nigeria’s demand for petrol, noting that about 500 million litres are currently available but not being collected by fuel marketers. Speaking with State House journalists after a meeting with President Bola Tinubu and the Implementation Committee on the Sale of Crude […]Read More
The Federal Government has appointed the African Export-Import Bank (Afreximbank) to act as a financial intermediary for the recent naira-based policy for crude and refined petroleum sales introduced by President Bola Tinubu. Finance Minister and Economy Coordinator Wale Edun shared this development with reporters following a meeting with President Tinubu. Edun explained that Afreximbank, represented […]Read More
The Nigerian National Petroleum Company Limited (NNPC) has again increased the pump price of petrol. The new rates, now in effect, set prices at N1,025 per litre in Lagos and N1,060 per litre in Abuja. Aliko Dangote, chairman of Dangote Group, attributed the ongoing fuel shortages and queues at petrol stations across Nigeria to marketers […]Read More
The Ghanaian government is considering importing fuel from Nigeria’s newly launched Dangote Refinery in a bid to secure a more affordable fuel supply for its domestic market. Addressing the OTL Africa Downstream Oil Conference in Lagos, Mustapha Abdul-Hamid, Chairman of Ghana’s National Petroleum Authority, emphasised the potential influence the refinery’s output could have on Ghana’s […]Read More
The Nigeria Labour Congress (NLC) has condemned the International Monetary Fund (IMF) for denying any role in the Nigerian government’s recent decision to remove the petrol subsidy. The NLC called this denial “cynical,” viewing it as typical behaviour of the IMF and World Bank, which it claims have consistently pressured developing nations into adopting harsh […]Read More
The Dangote Refinery has made a major contribution to Nigeria’s fuel supply, delivering around 79.4 million litres of petrol to the local market by sea. The vessel Sabaek recently transported about 500,000 barrels (79.4 million litres) of petrol from the refinery to Lagos, according to a port report and Bloomberg’s ship-tracking data. This first sea-based […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has ramped up efforts to locate eight missing individuals following a helicopter crash in the Gulf of Guinea. The helicopter, registered as 5N-BQG, had six passengers and two crew members on board. So far, three bodies have been recovered, and the search continues for the remaining five. Olufemi […]Read More
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