Industry

The high command of the Renewed Niger Delta Avengers (RENDA) has issued a dire warning to the Nigerian government and multinational oil companies operating in the Niger Delta region. In a press statement titled “HAPPY DOOMED DAYS…
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Sola Adebawo By Patience Chat Moses The issue of transportation in the oil and gas sector has continued to be a major challenge hindering the sectors progress . According to the General Manager (GM) of Heritage Energy, Sola…
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Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has disclosed that Nigeria spends $600 million each month on fuel imports. He said that this significant expenditure is partly because neighbouring…
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Managing Director and Chief Executive Officer of Aradel Holdings PLC, Gbite Falade has disclosed plans of the company to list on the Nigerian Exchange’s main board before the end of the current quarter in September. The Aradel MD…
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Dangote Refinery and other local refineries are yet to purchase crude oil in Naira after President Bola Ahmed Tinubu’s directive last week. Eche Idoko, the Publicity Secretary of the Crude Oil Refiners Association of Nigeria,…
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Nigeria’s oil output has increased to between 1.6 million and 1.7 million barrels per day due to enhanced security measures aimed at preventing crude oil theft. This is according to Emmanuel Ikechukwu Ogalla, Chief of Naval Staff on…
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President Dangote Group, Aliko Dangote Fitch Ratings, a credit rating agency, says Dangote Group plans to divest 12.75 per cent stake in Dangote Petroleum Refinery over liquidity concerns. In a statement on Monday, Fitch said Dangote…
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Nigeria is losing $1,000 on every barrel of crude oil it exports due to a lack of the added value from refining, according to the Institute for Energy and Extractive Industry Law. Speaking recently at a one-day roundtable on The…
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Former President Olusegun Obasanjo has told Financial Times that fuel subsidy has returned to Nigeria because of the present ‘hyper’ inflation in the country. The former leader who berated President Bola Tinubu for the manner and…
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A former President of the country, Olusegun Obasanjo, has said that sinister forces are working against the success of the $20 billion Dangote Refinery. Obasanjo made the remark in a recent interview with the Financial Times. …
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