Oil prices declined on Tuesday as the rush for profit-taking pervaded the market after Oil prices slid on Tuesday with investor profit-taking after reaching three-month highs...
The Dangote Petroleum Refinery retained 13% of Nigeria’s crude oil exports as domestic supply in 2024, a new report by Reuters has stated. The report originally...
Oil markets have started the year with a renewed sense of optimism, driven by stock draws in the U.S. and China’s attempts to stimulate its economy....
By Simbo Olorunfemi That Baba Obasanjo has an almost child-like emotional attachment to the public-owned refineries under the trust and care of the NNPCL is not...
The Democratic Front (TDF) has said that the announcement of a $5 billion final Investment Decision (FID) by Shell on the Bonga North Deep Offshore field...
Dangote Petroleum Refinery has announced a reduction in prices of Premium Motor Spirit (PMS), also known as petrol, to N899.50 per litre, saying the move was...
China’s crude oil surplus shrank from 930,000 barrels daily In September to 500,000 bpd in October, Reuters’ Clyde Russell reported today, based on data calculations. However, the significant...
Nigerian Government, the Economic Community of West African States, alongside Morocco and Mauritania, have expressed their commitment to push forward in the development of the African...
Oando Plc has released its audited Consolidated Financial Statements for the full year ended December 31, 2023, to the Nigerian Exchange Group (NGX). The company reported...
No fewer than 1.3 million meters will be delivered between December and the second quarter of 2025. The Minister of Power, Adebayo Adelabu, disclosed this Tuesday...
The supply of crude oil in naira to the Dangote Petroleum Refinery by the Nigerian National Petroleum Company Limited (NNPCL) is to last for six months...
The Lagos-based Dangote Refinery has started processing premium motor spirit (PMS), commonly known as petrol, as the Nigerian National Petroleum Company (NNPC) Limited is set to...
The federal government has announced a 50% discount to be enjoyed by rideshare drivers in the country willing to convert their gasoline vehicles to compressed natural...
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that power Distribution Companies (Discos) in the country lost N77.45 billion potential revenue in the first quarter of...
A total of 123,604 meters were installed for electricity customers in the country between January and March 2024, representing an increase of 8,423 installations or 7.31%...
The Nigerian National Petroleum Company Limited (NNPC) has filed a motion to discontinue its legal action against several subsidiaries of Mobil Nigeria as part of the...
President Bola Ahmed Tinubu is set to commission the National Agency for Science and Engineering Infrastructure (NASENI) Compressed Natural Gas (CNG) Conversion, Filling, Reverse Engineering and...
