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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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According to Channels Television, Oil marketers in Nigeria have assured consumers that petrol prices will drop once they begin direct lifting of products from the Dangote Refinery. This follows the recent price surge to ₦950 per…
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The Organization of Petroleum Exporting Countries (OPEC) has clarified that the ongoing rise in fuel pump prices is largely driven by government taxes, especially in major oil-consuming nations. OPEC Secretary-General Haitham Al Ghais…
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The Organization of the Petroleum Exporting Countries, in its 2024 World Oil Outlook published on Tuesday, sees demand growing for a longer period than other forecasters like BP and the International Energy Agency, which see oil use…
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The price of Premium Motor Spirit (PMS) popularly known as petrol has hit N2000 per litre in Akwa Ibom as petroleum marketers down tools over alleged confiscation of their trucks loaded by Joint Task Force officials. Before 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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Uber, Bolt drivers resort to offline negotiation | We now operate on a tighter budget – salary earners, artisans | Financial experts share survival strategies In Nigeria, where resilience is a way of life, the economic storm is…
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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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Commission Chief Executive, NUPRC, Gbenga Komolafe, the Executive Chairman, Zach Adedeji and the CG Customs, BA Adeniyi A report released by the Nigerian Extractive Transparency Initiative (NEITI) has revealed that the Federal Accounts…
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