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The Ministry of Petroleum Resources (Gas) has clarified media reports from senior official of the Dangote Group that company abandoned a proposed 1,200km subsea gas pipeline due to government policies stating that government policies…
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Three major oil marketers in the country are expecting vessels of imported petrol this week despite the availability of petroleum from the local Dangote refinery.According to reports, the dealers said about 141 million litres of…
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The Nigeria Customs Service (NCS) has disclosed that increasing petrol smuggling is affecting the availability of the country’s foreign exchange (FX).This statement was made by Husseini Ejibunnu, Coordinator of the Operation…
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The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, says it is suicidal for Dangote Refinery to sell petrol below its production cost.Rewane stated this on Channels Television’s Business…
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The Centre for the Promotion of Private Enterprise (CPPE) says some powerful forces are bent on preserving fuel importation in Nigeria.Muda Yusuf, chief executive officer (CEO) of CPPE, spoke on ‘Morning Brief’, an interview…
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The Executive Vice President, Downstream, Nigerian National Petroleum Company (NNPC) Limited, Adedapo Segun, has said the Port Harcourt Refinery is on course to produce petrol. He spoke in Lagos at the weekend.According to him,…
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H.E. Gabriel Mbaga Obiang Lima By William Emmanuel UkpojuIn a significant move to propel Central Africa's energy landscape, H.E. Gabriel Mbaga Obiang Lima, former Minister of Planning and Economy and Minister of Mines and…
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The BRICS economic bloc is quickly expanding its influence, with 34 countries expressing interest in joining its activities, according to Russian President Vladimir Putin, reflecting the bloc’s ability to provide an alternative to the…
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The Central Bank of Nigeria (CBN) has warned that the removal of fuel subsidies, rising import costs, and increased external debt servicing could negatively impact the growth of the nation's external reserves in 2024/2025. This was…
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The Nigerian National Petroleum Company (NNPC) Limited has disclosed why buying and importing petrol from Dangote Refinery is a challenge for oil marketers.Addressing members of the press on Monday, Executive Vice-President,…
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