Industry

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has said that Nigeria’s upstream oil and gas reforms have unlocked investment commitments worth $18.2 billion in 2025 alone. Komolafe…
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He gave the explanation while speaking at a conference to mark the first anniversary of the launch of fuel production from the 650,000 barrels-per-day Dangote Refinery. According to him, the refinery is being forced to operate under…
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A group identifying as the Committee of Patriotic Forces has issued a passionate call to action, urging Nigerians to resist two controversial government proposals: the planned sale of the Federation’s equity in key upstream oil and gas…
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Borrowing costs for governments and businesses in Nigeria, South Africa, and Kenya have surged in the last five years due to policy weaknesses, high inflation, and unfavourable market conditions, a report by Moody’s Ratings has…
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The consecutive decline in Nigeria’s headline inflation for the fifth time has intensified calls for the Central Bank of Nigeria to cut interest rates. Nigeria’s inflation rate dropped to 21.12 per cent in August 2025. The latest…
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...Accuses Marketers of Arbitrage According to a report by Punch Newspapers Sept 16, 2025. The Dangote Group has vehemently denied allegations by the Depot and Petroleum Product Marketers Association of Nigeria (DAPPMAN) that its…
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The World Bank has reimbursed Nigerian states $695 million for projects carried out under the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) programme, while state governments have themselves invested a…
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Ngozi Okonjo-Iweala | Image: FABRICE COFFRINI-AFP via Getty Images The World Trade Organisation (WTO) Director-General, Dr Ngozi Okonjo-Iweala, has urged Africa to fundamentally rethink its development trajectory and move away from aid…
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• Facility targets 700,000bpd in 2026, CNG trucks to create 24,000 jobs Aliko Dangote at the Dangote Refinery President of Dangote Group, Aliko Dangote, yesterday declared that his $20 billion refinery had broken Nigeria’s 50-year…
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The Dangote Petroleum Refinery has officially rolled out over 1,000 Compressed Natural Gas-powered trucks for its direct distributionof Premium Motor Spirit (PMS). The refinery had announced in August that it had received the first…
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