The Nigerian oil and gas industry is a cornerstone of the nation’s economy, significantly impacting both regional and global energy markets, with several billionaires shaping its...
The Naira dropped to N1,590 per dollar in the parallel market, down from N1,580 per dollar on Monday. In addition, the Naira fell to N1,582.09 per...
The naira slumped on Tuesday against the dollar at the official foreign exchange market for the first time in two weeks. FMDQ data showed that the...
Like Dangote Refinery, the management of AIPCC Energy Limited, operators of the Edo Refinery and Petrochemicals Company Limited (ERPCL), has raised the alarm over non-supply of...
Management of Dangote Petroleum Refinery has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to enforce the domestic crude supply obligation as specified in the Petroleum...
The Nigerian National Petroleum Company Limited has demanded a refund of N4.71tn from the Federal Government to settle outstanding debts used to import Premium Motor Spirit,...
In what appears a major shift from previous clam by the Dangote Refinery company, the Group Chief Strategy Officer, Dangote Refinery and Petrochemicals Company, Aliyu Suleiman...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has revealed that the Port Harcourt Refinery will indeed commence operations in August 2024. The refinery is expected...
The naira continued its appreciation streak against the dollar at the official foreign exchange market. FMDQ data showed that the naira gained N2.9 at N1593.62 per...
The Federal Government has withdrawn the suspension it placed on Arik Air’s operations and has allowed it to resume flights with immediate effect. The airline was...
The Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of...
The Dangote Refinery is planning to sell a 12.7 per cent stake in 2024 for loan servicing, Fitch Ratings, a credit rating agency says in a...
The Dangote Petroleum Refinery and other domestic refineries have yet to start the purchase of crude oil in naira as directed by President Bola Tinubu. It...
The Central Bank of Nigeria (CBN) has granted approval for financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. This...
The forex turnover on the FMDQ, where the exchange rate trades officially, closed at a turnover of just $61 million, the lowest since January 2024. This...
Elon Musk revived a lawsuit on Monday against OpenAI, accusing its co-founders Sam Altman and Greg Brockman of betraying the artificial intelligence company’s founding mission. The...
Operators of modular refineries are facing a major setback as they encounter resistance from the Nigerian National Petroleum Company (NNPC) in a bid to secure alternative...
The Nigerian Communications Commission has issued a directive to all telecommunications operators in the country, mandating them to restrict the number of available tariff plans to...
The Central Bank of Nigeria may print or wire over N746bn as a loan to the Federal Government based on the Ways and Means provision of...
Nestle Nigeria Plc has recorded another half-year loss after tax, following the foreign exchange reform introduced by the Central Bank of Nigeria. Nestle posted a N176.9bn...
