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 Federal Government has allocated over $75 million to develop Compressed Natural Gas (CNG) infrastructure as part of its drive to expand clean energy solutions across Nigeria. This announcement was made by Mrs. Olu Verheijen, Special Adviser to President Bola Tinubu on Energy, during the 18th OTL Africa Downstream Energy Week in Lagos, reported the […]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
Dangote Cement Plc has now become Nigeria’s leading operator of compressed natural gas (CNG) trucks after investing over $280 million in advanced technology and infrastructure. The company stated that this substantial investment of over $280 million not only cements its position in the CNG sector but also highlights its commitment to tackling climate change and […]Read More
Israel Defence Forces (IDF) has conducted three waves of targeted airstrikes on Iranian military installations early Saturday morning. According to the IDF, these “precise strikes” were a direct response to a ballistic missile attack by Tehran on October 1, marking the second time in six months that Iran has launched missiles directly at Israel. At […]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 Federal Government, through the Ministry of Petroleum Resources, has approved support for Kogi State’s request to commence crude oil exploration. Heineken Lokpobiri, the Minister of State for Petroleum Resources, welcomed Kogi State’s governor during a courtesy visit to his office in Abuja on Thursday. Lokpobiri noted that, as a key central state, Kogi will […]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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