Industry

WTI crude oil traded between a high of $68.34 and low of $64.11 before reaching $66.28 as of Thursday’s close, down $0.86 or -1.28%. The price action reflected competing fundamental forces: escalating geopolitical tensions that…
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adewale adeniyi (comptroller general of customs) Bureau De Change (BDC) operators in Kano have raised alarm over the recent confiscation of undeclared foreign currencies by authorities. Daily Trust reports that the Nigeria Customs…
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Gombe State Commissioner of Energy and Mineral Resources, Alhaji Sunusi Ahmad Pindiga, yesterday disclosed that a team from Gombe and Bauchi State visited the site of Kolmani Oil Well Projects to assure the host communities that the…
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Dangote Refinery in Lagos The Lagos State Government and transport unions have agreed on a new N10,000 enforcement fee for the electronic call-up system for trucks operating along the Lekki-Epe Corridor. This followed a high-level…
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Aliko Dangote and his refinery, Dangote Refinery and Petrochemical Limited The Dangote Petroleum Refinery has announced the suspension of its discounted fuel supply scheme after discovering a diversion racket. The Dangote Refinery …
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President of the Dangote Group, Alhaji Aliko Dangote, says there is no justification for Nigeria’s low power generation output, arguing that if his conglomerate alone can produce over 1,500 megawatts for internal use, the country…
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The African Democratic Congress (ADC) has demanded a full audit of Nigeria’s refineries, citing recent reports that allege that successive governments have spent nearly $18 billion on the rehabilitation of the three major refineries in…
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The International Monetary Fund (IMF) has raised serious reservations over the government’s decision to grant tax exemptions on the import of sugar, warning that such policy deviations could undermine the ongoing $7 billion loan…
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A major milestone for gas-powered economic transformation was achieved at the South-South Gas Utilisation Forum 2025 held in Uyo, Akwa Ibom State, with the signing of a landmark $3.5 billion Memorandum of Understanding between the…
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The total gross electricity subsidy tariff shortfall incurred by the Federal Government to the power sector in 2024 amounted to ₦1,949 billion. According to data sourced from the Nigerian Electricity Regulatory Commission’s newly…
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