Local refineries
30 Oct
Nigerian oil marketers have voiced surprise at Aliko Dangote’s recent disclosure that the Dangote Refinery holds around 500 million litres of petrol ready for distribution. During a meeting convened by President Bola Tinubu on Tuesday to discuss domestic crude oil and refined product sales, Dangote expressed his readiness to supply a minimum of 30 million…
28 Aug
During their meeting in December 2023, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream Petroleum Regulatory Authority (NMDPRA), two of the most notable regulators of the upstream and midstream sectors
15 Aug
Depot owners in Nigeria have once again dismissed accusations that they are undermining local refineries, instead preferring to continue importing petroleum products. They also reject claims that their operations inflate foreign exchange demand and contribute to rising fuel prices. In a media briefing on Wednesday, Olufemi Adewole, Executive Secretary of the Depot and Petroleum Products…
31 Jul
The House of Representatives has instructed the Nigerian National Petroleum Corporation Limited (NNPCL) to halt any further mortgaging of future crude oil assets until an ongoing forensic audit of its operations is completed. This directive was issued by the Special Joint Committee of Downstream and Midstream Petroleum Resources, chaired by Hon. Ikenga Ugochinyere. The committee…
31 Jul
Fuel marketers yesterday hailed the new directive by President Bola Tinubu to the Nigerian National Petroleum Company Limited (NNPCL) to sell crude oil to Dangote Refinery and other refineries in naira instead of dollars.
26 Apr
Nigeria is still importing about 100 per cent of the needed 50 million litres of premium motor spirit (PMS) five months after the “technical completion” of the Port Harcourt refinery and one year after the commissioning of Dangote Refinery.
25 Dec 2023
What we see in the GDP report is percentage growth from one period to the other. I believe the absolute figures should be compared with each other and percentage growth or decline reported alongside the figures.
Latest
10 mins ago
Mr Anthony Agbas, the president of the Ex-Service Men and Family Welfare Association of Nigeria, has urged the government to pay all their pension arrears and other entitlements. Agbas made the call during a peaceful rally by the ex-servicemen at the Federal Ministry of Finance in Abuja on Wednesday. He said that military pensioners in…
15 mins ago
Several travellers met a tragic end on Wednesday when bandits reportedly planted explosives along the Dansadau-Gusau road in Zamfara State. Lifeless bodies were repordely scattered by the roadside as stunned passersby looked on in horror. The development comes just two days after a bandit-planted explosive blew off a bridge in Zamfara State's Maru Local Government…
16 mins ago
A tragic road accident claimed the lives of twelve individuals, including ten men, one woman, and a female child, on Tuesday night along the Bayamari-Geidam road in Yobe State. The Federal Road Safety Corps (FRSC) Sector Commander in Yobe, Corps Commander Livinus Yilzoom, confirmed the incident in a press release issued in Damaturu, the state…
19 mins ago
An Ado Ekiti Chief Magistrate court has remanded a lawyer and human rights activist, Dele Farotimi, for authoring and publishing a book titled Nigeria and its Criminal Justice System, in which he alleged that the founder of Afe Babalola University Ado Ekiti (ABUAD), Chief Afe Babalola, corrupted the Supreme Court to procure a fraudulent judgment…
25 mins ago
Dressed in a white singlet with a scarf tied around his head, Frank crouched near a muddy pit, preparing to plunge his hands into the soil in search of gold. Around him, shirtless men, their bodies smeared with dirt and glistening with sweat, worked tirelessly under the blazing sun, near Ghana's capital Accra. Some shovelled…
43 mins ago
The Oyo state government has doubled the gratuity payment to retirees and pensioners in the state to ₦1B from the former ₦500M to speed up payments. This was revealed by the state government through its official ‘X’ handle, adding that the ₦1B will be divided between the state and the local government retirees. In August…
1 hour ago
President Cyril Ramaphosa has expressed South Africa’s interest in collaborating with Nigeria to harness lithium to drive the green energy transition and support the development of electric vehicles (EV) batteries. Ramaphosa said this on Tuesday in Cape Town, South Africa, at the Nigeria -South Africa Business Roundtable. He proposed leveraging Nigeria’s vast lithium reserves as…
1 hour ago
Leading political figures Atiku Abubakar and Peter Obi have condemned the arrest and detention of human rights lawyer Dele Farotimi, describing the move as a gross violation of democratic principles and an abuse of state power. In a statement issued Tuesday, Mr. Obi called Mr. Farotimi’s arrest “a grave assault on democracy,” accusing the authorities…
1 hour ago
The police have suspended Inspector Ekende Edwin, Inspector Esther Okafor, and Sergeant Talabi Kayode, who stole the sum of ₦43,160,000 from Andrew Ejah, a cargo worker in August 2023. This information was disclosed in a press statement signed by Muyiwa Adejobi, the Force PRO, on Wednesday morning. "These officers have been suspended, being found culpable…
1 hour ago
When it comes to parties, Nigerians don’t play! A proper owambe or nightclub isn’t complete without vibes so hot they’ll make even the shyest person hit the dance floor. The secret? A killer playlist that blends nostalgia, fresh hits, and pure energy. Be it a wedding, birthday, or just a Detty December groove, these tracks…