Industry

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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By William Emmanuel Ukpoju The Society of Petroleum Engineers (SPE) Nigeria Council is gearing up to host the 47th edition of the Nigeria Annual International Conference and Exhibition (NAICE) from August 5-7, 2024, at the Expo…
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By Ese Ufuoma landmark gathering organized by the Nigerian Association of Petroleum Explorationists (NAPE), has recently brought together the most influential figures in Nigeria's oil and gas industry and the National…
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Mele Kyari speaking at NOG2024 By William Emmanuel Ukpoju The Nigerian National Petroleum Company Limited’s (NNPC) recent emergency declaration on the country's crude oil production has been viewed as a desperate attempt to mask its…
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By Ese Ufuoma In a nation where economic disparities are ever-present, the debate over Nigeria's minimum wage has been a persistent issue, reflecting broader struggles between the needs of the workforce and the economic realities of…
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