Nigerians are showing growing interest in acquiring shares in Aliko Dangote’s refinery as the company launches what is being described as the country’s largest public share offering. Dangote, Africa’s richest …
Energy
ABUJA — The Nigeria Labour Congress (NLC) has urged the Federal Government to introduce wage awards for workers to cushion the impact of rising petrol prices, which it said are …
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced an ambitious plan to grow Nigeria’s proven gas reserves from 215 trillion cubic feet (tcf) to more than 600 tcf …
President of Dangote Industries Limited, Aliko Dangote, on Monday officially launched the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals on the Nigerian Exchange (NGX). Dangote sounded the …
The Nigerian National Petroleum Company Limited (NNPC Ltd) says it plans to deploy between 50 and 70 smart, self-service energy stations across Nigeria within the next six months. “Turning From …
Nigerian oil marketers are preparing to increase petroleum product prices following a surge in international crude prices above $100 per barrel. Middle East Tensions Push Oil Prices Higher The rise …
- InternationalInternational AffairsOil & Gas
Oil Prices Hit $100 as US-Iran Conflict and Houthi Attacks Escalate
Oil prices climbed above $100 a barrel on Wednesday for the first time since July as renewed fighting between the United States and Iran, along with continuing Houthi attacks in …
Petrol prices at filling stations across Nigeria have remained above ₦1,300 per liter despite a decline in depot prices, widening concerns over the gap between wholesale and retail rates. Depot …
The House of Representatives has commenced an investigation into more than ₦432 billion in outstanding obligations owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) by oil companies …
- BusinessBusiness & MarketsOil & Gas
N431bn Oil Marketers’ Debt Puts NMDPRA Under Fresh Audit Scrutiny
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is facing renewed scrutiny after the Auditor-General for the Federation uncovered more than N432bn in unpaid debts, statutory levies and other …