Industry

Renowned development economist, Professor Ken Ife, has alleged that the Nigerian National Petroleum Company (NNPC) Limited is withholding a significant portion of fuel subsidy savings meant for the federal government, revealing that…
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The House of Representatives Joint Committees on Public Accounts and Public Assets have threatened to issue an arrest warrant for the Governor of the Central Bank of Nigeria (CBN), Olayemi Michael Cardoso.The move follows his continued…
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Dangote Refinery The nameplate capacity of the Dangote Petrochemical Refinery is projected to reach 700,000 barrels per day by December 2025, marking a major milestone in Nigeria’s refining capacity, a new report by Argus Media has…
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Alhassan Ado Doguwa Stakeholders in the oil and gas industry have raised diverse concerns over the proposed establishment of a new regulatory agency to be solely dedicated to decommissioning and abandonment of oil production facilities…
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The International Monetary Fund (IMF) data shows that several African countries have taken on large loans from the Fund. While these credits help nations weather economic shocks, heavy IMF debt also brings strict conditions and…
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NNPCL GCEO, Mr. Bashir Bayo Ojulari The Group Chief Executive Officer of Nigerian National Petroleum Company Ltd. (NNPC), Bayo Ojulari has assured of the speedy delivery of the Ajaokuta–Kaduna–Kano (AKK) Natural Gas Pipeline project,…
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Nigeria’s Vice President, Kashim Shettima, has lauded President Bola Ahmed Tinubu’s courage in ending the long-standing fuel subsidy regime, describing it as a bold move resisted by powerful interests. While referencing how previous…
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The Nigerian National Petroleum Company (NNPC) Limited has reduced its premium motor spirit price for the second time in one week. It was observed on Wednesday, that the state-owned oil firm has adjusted its petrol price to N890 per…
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Aero Contractors has repaid the debt it owed the Asset Management Corporation of Nigeria (AMCON) since 2017. Capt. Ado Sanusi, the Managing Director of Aero Contractors, confirmed this development in an interview with Daily Independent…
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The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has stated that more consultation is needed by various stakeholders before the federal government can begin the implementation of financial autonomy for…
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