Industry

The Nigerian independent Aradel Holdings, has reported that sales of Automotive Gas Oil (AGO), Dual Purpose Kerosene (DPK), Marine Diesel Oil (MDO), Heavy Fuel Oil (HFO) and Naphtha, all products of its crude oil refinery, amounted to…
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Modular refinery owners have thrown their weight behind Aliko Dangote over claims of existing oil mafia. The refinery operators said Dangote buttressed their positions on the existence of the oil mafia who do not want Nigeria to end…
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A Nigerian businessman has kicked the bucket after flying into Nigeria for a bussines meeting. Identified as Robert Onyejekwe, the man who was said said to be an oil and gas magnet lived in Sugar Land, Houston, Texas, and was in town…
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A recent report has revealed that Nigeria’s daily oil losses surged to 400,000 barrels as efforts to curb crude oil theft remain ineffective. This escalation from 100,000 barrels per day in 2013 underscores the severe and worsening…
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The Senate President, Godswill Akpabio, has assured Nigerians that the country will become self-sufficient in Premium Motor Spirit (Petroleum) production in the next four weeks. He commended President Bola Tinubu for having the…
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– Lists benefits of new gas gathering facility *Kwale Gas Gathering facility The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has commended the Nigerian Content Development and Monitoring Board…
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Crude Oil and Dollar The naira has remained firm against the dollar since the country received $925m additional inflow from ‘Project Gazelle Funding Limited’, a crude oil forward sales deal between the Nigerian National Petroleum…
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The African Export-Import Bank (Afreximbank) 2023 allocated a total of $18 billion to various projects across Africa, with a strategic goal of supporting the refining of 50 per cent of the continent’s 5 million barrels per day of crude…
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*Petitions US Attorney General on matter  *Asks Justice Dept to recommence probe  *Says Shell, Eni still profiting from fraud The United States House of Representatives is pushing for the reopening of a Foreign Corrupt Practices…
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The return of petrol subsidy in Nigeria could affect the country’s positive credit ratings, according to multiple analysts who spoke to BusinessDay. This may be negative for Africa’s most populous nation’s prospects of getting funds…
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