Industry

The Deputy Spokesman of the House of Representatives, Hon. Philip Agbese has defended the Dangote Refinery and Petrochemicals Company against false allegations aimed at demarketing the indigenous company for the selfish interest of…
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...The committee also said it would investigate the reasons behind the failure of the nation's refineries to commence operation despite huge funds allocated to them yearly Sen Opeyemi Bamidele The Senate ad-hoc committee…
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The Federal Government has said that it has invested over $1.5 billion since 2020 to protect Nigeria’s oil installations and combat crude oil theft in the country. This was disclosed by George Akume, the Secretary to the Gov­ernment…
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The Nigerian Senate has fixed September for the public hearing to resolve the rift between Dangote Group and Nigerian Midstream and Downstream Petroleum Regulatory Authority, Nigerian National Petroleum Company Limited and other…
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Berthing of first CMA CGM vessel at the Lekki Deep Seaport in Lagos. • Senate wades into Dangote, NNPC faceoff• Summons Edun, Lokpobiri, NNPC, CBN, NMDPRA, Dangote, others• Lawyers call for Kyari, Farouk, others’ suspension ahead of…
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A senior Nigerian National Petroleum Company (NNPC) Limited official has been slammed with bribery and tax-related charges in the United States, court filings have revealed. A jury recently returned a three-count indictment against…
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Nigerian political economy professor and management expert, Pat Utomi, has criticised the Nigerian National Petroleum Company Limited (NNPC) for corruption, stating that the reported fuel consumption in the country is often…
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The Nigerian Senate has vowed to expose saboteurs in the nation’s petroleum sector and those responsible for the importation of toxic fuel into the country. The Senate ad-hoc committee constituted to investigate the alleged economic…
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Aliko Dangote, Africa’s wealthiest individual, has sought the mediation of Gilbert Chagouri, a Lebanese associate of President Bola Tinubu, to resolve his deteriorating relationship with the President and address challenges in the oil…
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...Net profit shed seven per cent year-on-year in April-June, to $3.8 billion French oil heavyweight TotalEnergies on Thursday reported slumping profits in the second quarter, blaming lower margins in refining and falling sales and…
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