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Africa’s richest man, Aliko Dangote, is not slowing down. Just months after his multi-billion-dollar refinery in Lagos began operations, he has now revealed plans to expand it even further aiming to make it the largest refinery in the…
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The Nigerian National Petroleum Company (NNPC) Limited has disclosed statutory payments totaling N10.07 trillion from January to August 2025, according to its Monthly Report Summary for September, released on Tuesday.  However, the…
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...Ojulari blames Dangote Refinery, PENGASSAN face-off The Nigerian National Petroleum Company Limited has reported a steep decline in its profitability, with Profit After Tax falling to N216 billion in September 2025. This shows…
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House of Representatives has urged the minister of Finance and the governor of the Central Bank of Nigeria (CBN) to provide it with a detailed report of all federal financial interventions, outside Federation Account Allocation…
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Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri speaks during a media briefing to announce the 1.8mbopd crude oil production milestone at the NNPC Towers in Abuja, recently. The Minister is flanked to his right…
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Image credit: Adrienne Surprenant/Bloomberg After years of losing relevance, ATM transactions are making a comeback. Nigerians withdrew ₦15.98 trillion ($10.83 billion) in the first quarter of 2025, a 192.7% jump from the same…
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Bashir Ojulari, NNPC GCEO The Federal Accounts Allocation Committee (FAAC) has extended the ongoing probe and reconciliation of payments made by revenue-generating agencies to December 2025, following unresolved discrepancies in…
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According To Vanguard, October 19, 2025, the Petroleum Training Institute (PTI) has announced plans to unveil a more adaptable modular refinery as part of its commitment to strengthening Nigeria’s local refining capacity and advancing…
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... Bolstering Nigeria’s Revenue Base Gbenga Komolafe The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has remitted a total of ₦6.215 trillion to the Federation Account between January and September 2025, further…
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According to a report by The Punch on Monday, October 20, 2025, as petrol prices near ₦1,000 per litre nationwide, Dangote Refinery has thrown down the gauntlet to fuel marketers, declaring it has over 310 million litres of petrol…
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