Industry

The Petroleum and Natural Gas Senior Staff Association of Nigeria has called on the Federal Government to increase its stake in the Dangote Petroleum Refinery from the current 7% to at least 45%. This move, according to the…
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Billionaire industrialist and President of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to remove the petrol subsidy, arguing that its elimination would bring transparency to Nigeria's actual fuel…
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Aliko Dangote during a Bloomberg Television interview in New York, on Sept. 23. Photographer: Victor J. Blue/Bloomberg Nigerian billionaire Aliko Dangote said the “time is right” for the West African nation to end a decades-long subsidy…
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Libya continues to offer the cheapest petrol in Africa, with the price of octane-95 gasoline (petrol) standing at 0.15 Libyan Dinar per litre, equivalent to approximately $0.032 or N52 as of September 16, 2024. This is according to…
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Nigeria's rising fuel prices have raised public concerns, with many blaming local producers like Dangote Refinery. However, OPEC emphasizes that taxes imposed by major oil-consuming nations are primarily responsible. OPEC's…
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*Company admits owing oil traders   *Experts allege creative accounting, fraud in NNPC report  *Fuel price surges as scarcity bites harder *NNPC Towers, Central Business District, Abuja At what it termed a world press conference on…
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*NO WONDER THEY DO NO WANT DANGOTE REFINERY. Here’s a breakdown of the costs that make up the landing cost of Premium Motor Spirit (PMS), also known as petrol, in Nigeria, totaling N1107 per liter: 1. FOB cost: N434.322. Freight…
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By Adaobi Rhema Oguejiofor Aradel Holdings, a leading independent integrated Oil & Gas firm, has announced its support and participation at the upcoming Young Professionals (YP) Port Harcourt Mentoring Programme. The…
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FILE: NNPC distribution truck. A truck with the logo of the Nigerian National Petroleum Company Limited has been confiscated by security agents for conveying stolen crude oil in the Niger Delta. The truck was among several other…
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The $550 million upstream gas project between the Nigerian National Petroleum Company Limited (NNPC Ltd.) and TotalEnergies on the development of the Ubeta field has commenced operations, the Presidency announced on Tuesday. The…
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