Industry

The landing cost of petrol, known as Premium Motor Spirit, has fallen to N981 per litre, as reported by the Major Energies Marketers Association of Nigeria on Thursday. This marks a decrease from approximately N1,130 in recent weeks,…
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By Adaobi Rhema Oguejiofor The Nigerian Content Development and Monitoring Board (NCDMB) has announced its partnership with Triple Helix Nigeria (THN) to host the maiden edition of the SciBiz Annual Conference 2024 in a bid to…
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A lawmaker representing Yenagoa/Opokuma Federal Constituency, Bayelsa State, Oboku Oforji, on Thursday, accused the Nigerian National Petroleum Company Limited (NNPC) and major marketers of creating a monopoly in the distribution of…
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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has attributed the ongoing increase in petrol prices to the floating of the naira, rather than the removal of fuel subsidies. Festus Osifo, President of…
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The Central Bank of Nigeria (CBN) has revealed that it expects the lifting of petroleum products from Lagos-based Dangote Refinery to moderate the cost of transportation and ease food inflation. This is according to CBN Governor…
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By Patience Chat Moses Stakeholders, including government officials, experts, and Civil Society Organizations (CSOs), have called for enhanced strategies to address climate change and air pollution while creating a more affordable…
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The Federal Government said it welcomes oil major, ExxonMobil’s plan to invest $10 billion in Nigeria’s deep-water (offshore) oil operations. This is contained in a statement by the Vice President of Nigeria, Kashim Shettima,…
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Tony Attah, former managing director of NLNG Tony Attah, the former managing director of Nigeria Liquefied Natural Gas (NLNG), emphasised that the ambitious goal of NLNG Train 7 alone is no longer sufficient for Nigeria’s aspirations in…
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Aliko Dangote has revealed his plans to emulate fellow billionaire Mukesh Ambani by reinvesting profits from Africa’s largest oil refinery into new sectors. This announcement comes after Dangote successfully completed the ambitious…
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Aliko Dangote, Africa’s richest man, says the mafias in Nigeria’s oil sector are stronger than drug cartels. “I never knew that the mafias in the oil industry are stronger than drug cartels. It’s a big cartel. I will keep saying…
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