Dangote
3 days ago
The Organisation of Petroleum Exporting Countries (OPEC), says Nigeria’s average daily crude oil production has increased significantly to 1.539 million Barrels Per Day (bpd) in January. The country for the first time, met the OPEC production quota of 1.5 million bpd since it was set for the 2024 period at OPEC’s ministerial meeting in November…
3 days ago
The regional director of Lagos and Ogun Dangote Cement, Mr Tunde Mabogunje, has said that the company is envisaging a connected
6 Feb
Federal High Court in Abuja has adjourned till March 18 for ruling on preliminary objection filed by the Nigeria National Petroleum Company Limited (NNPCL) in a suit by Dangote Refinery against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and five oil companies over the issuance of petroleum product import licences.
22 Jan
The Federal High Court in Lagos has ordered the arrest of a fleeing worker of the Dangote Industries Limited (DIL), Emmanuel Oku, who was allegedly involved in a diesel fraud of ₦740 million. Justice Deinde Dipeolu issued a bench warrant against Oku on Friday after the latter failed to appear in court for trial despite…
19 Jan
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has told a Federal High Court in Abuja why it issued oil import licenses to oil marketing companies in the country. NMDPRA told Justice Inyang Ekwo in a counter affidavit its filed and deposed to by Idris Musa, a Senior Regulatory Officer in the office, against…
16 Jan
The Organisation of the Petroleum Exporting Countries (OPEC) has said that the activities of the Dangote Refinery are impacting the European fuel market, as it has reduced Nigeria's dependence on fuel imports. OPEC, in its Monthly Oil Market Report published on 15 January 2025, noted the influence of the Lagos-based facility on the European market.…
14 Jan
The Chairman of the House of Representatives Committee on Petroleum Resources (Downstream), Hon. Ikenga Imo Ugochinyere, has stated that the roles of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, President/CEO of Dangote (Refinery) Industries Limited, Aliko Dangote, and…
10 Jan
In a recent interview with Bloomberg, I watched with amazement as chairman of the Dangote Group, Alhaji Aliko Dangote, extolled the virtues of the chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, for his smartness. While I wasn’t amazed as to the authenticity of Zacch's smartness because I know him from close…
6 Jan
December in Nigeria is typically associated with end-of-year festivities: Corporate parties, funfairs, family gatherings, concerts, and musical performances.
4 Jan
Human rights lawyer Femi Falana has revealed that former President Umaru Yar’Adua stopped the sale of the Port Harcourt and Kaduna refineries because his predecessor, Olusegun Obasanjo, did not follow due process. According to Falana, a consortium led by Dangote Oil had offered to buy the Port Harcourt and Kaduna refineries but the late Yar’Adua…
2 Jan
The Nigerian National Petroleum Company Limited (NNPCL) has invited former President Olusegun Obasanjo to embark on a tour of the Port Harcourt Refinery (PHR) following his earlier criticism. NNPCL offered the invitation to Obasanjo on Thursday in a statement signed by the company's Chief Corporate Communications Officer (CCCO), Olufemi Soneye. Soneye was responding to Obasanjo’s…
2 Jan
Former President Olusegun Obasanjo says the Nigeria National Petroleum Company (NNPC) once rejected Aliko Dangote’s $750m offer to manage and end Nigerian refineries' woes through a public-private partnership. Recounting failed efforts to privatise the country’s refineries and the subsequent financial losses under government management on ChannelsTV, Obasanjo revealed that his successor had refunded Dongote's money…
Latest
20 mins ago
Life today is quite unpredictable and so should you be. Often times, we have seen some skills as luxury and others as needs. More people are tilting towards hair making, leaning Tech skills, cyber skills, and becoming beauticians, Phlebotomists, amongst others. While those skills are great in today’s economic market, to probably secure the bag…
2 hours ago
Love is a beautiful thing, and sometimes, the right movie can make you feel it even more. Whether you are watching alone or with someone special, the magic of the big screen makes every moment more special. From heartwarming romance to stories that tug at the heart, this February’s cinema releases will make you smile,…
1 day ago
Muhsin Hendricks, considered the world's first openly gay imam, was shot dead Saturday near the southern city of Gqeberha, South African police said. The imam, who ran a mosque intended as a safe haven for gay and other marginalised Muslims, was in a car with another person when a vehicle stopped in front of them…
1 day ago
Napoli were held to a 2-2 draw at Lazio on Saturday after Boulaye Dia scored late on as the Italian Serie A leaders thought they were set to move four points clear of Inter Milan. Senegal attacker Dia rolled home a smart low finish in the 87th minute in Rome to deny Napoli victory and…
1 day ago
An intense snowstorm in eastern Sweden on Saturday sparked two massive road accidents involving dozens of vehicles and leaving more than 100 people needing hospital treatment, officials said. Local media outlets carried footage showing dozens of cars and trucks rammed into each other, many of them largely destroyed, all of them covered in snow. The…
1 day ago
A chieftain of the Peoples Democratic Party (PDP) and former Governor of Sokoto State, Aminu Tambuwal, has expressed his disappointment over the recent defections of members of the party to the ruling All Progressives Congress (APC). He attributed their defection from the PDP to the APC to "problems of stomach infrastructure." Tambuwal, who spoke to…
1 day ago
Anabela Rungo, the mother of Nigerian beauty queen, Chidimma Adetshina, has been reportedly arrested in Cape Town over alleged illegal residence in South Africa. On Saturday morning, February 15, 2025, the department of Home Affairs, Republic of South Africa issued a notice of detention of Anabela Rungo, which was enforced by the South African Police…
1 day ago
Governor Uba Sani of Kaduna State has assured the 50 political stalwarts that defected to the ruling All Progressives Congress (APC) in Kaduna State that they will enjoy the same rights and privileges like every other party member. Prominent amongst those who decamped to the APC are former Governor of Kaduna State, Muktar Ramalan Yero,…
1 day ago
The Oba of Benin, Oba Ewuare II, on Saturday started the burial ceremony of his mother, Iyoba Omo N’ Ikuoyemwen, Iyoba Ewuare II, with various traditional rites (Iwarinnwin). The News Agency of Nigeria (NAN) reports that the traditional rites, which will last for 14 days, took place at Eguae Iyoba N’ Uselu, by 5-junction in…
1 day ago
Gov. Dapo Abiodun of Ogun and the Chief of Staff to the President , Mr Femi Gbajabiamila, on Saturday visited the residence of the late Afenifere Leader, Chief Ayo Adebanjo, to commiserate with his family over the death of their patriarch. Abiodun arrived at the Lagos home of the Yoruba leader at 4.50 p.m. Gbajabiamila…