Industry

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has attributed the ongoing increase in petrol prices to the floating of the naira, rather than the removal of fuel subsidies. Festus Osifo, President of…
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The Central Bank of Nigeria (CBN) has revealed that it expects the lifting of petroleum products from Lagos-based Dangote Refinery to moderate the cost of transportation and ease food inflation. This is according to CBN Governor…
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By Patience Chat Moses Stakeholders, including government officials, experts, and Civil Society Organizations (CSOs), have called for enhanced strategies to address climate change and air pollution while creating a more affordable…
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The Federal Government said it welcomes oil major, ExxonMobil’s plan to invest $10 billion in Nigeria’s deep-water (offshore) oil operations. This is contained in a statement by the Vice President of Nigeria, Kashim Shettima,…
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Tony Attah, former managing director of NLNG Tony Attah, the former managing director of Nigeria Liquefied Natural Gas (NLNG), emphasised that the ambitious goal of NLNG Train 7 alone is no longer sufficient for Nigeria’s aspirations in…
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Aliko Dangote has revealed his plans to emulate fellow billionaire Mukesh Ambani by reinvesting profits from Africa’s largest oil refinery into new sectors. This announcement comes after Dangote successfully completed the ambitious…
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Aliko Dangote, Africa’s richest man, says the mafias in Nigeria’s oil sector are stronger than drug cartels. “I never knew that the mafias in the oil industry are stronger than drug cartels. It’s a big cartel. I will keep saying…
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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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