Africa’s richest man, Alhaji Aliko Dangote, has applied to the Nigerian government to begin construction of a new Atlantic seaport in Olokola, Ogun State. The proposed port is expected to …
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Dangote Refinery
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BusinessDangote IndustriesEnergyInfrastructureNigeriaSouthern AfricaTrade and Commerce
Dangote Refinery to Build Fuel Storage Tanks in Namibia for Southern Africa Supply
Nigeria’s Dangote Petroleum Refinery has concluded plans to construct major fuel storage tanks in Walvis Bay, Namibia, as part of its move to expand refined fuel supply to Southern Africa. …
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BusinessDangote IndustriesEconomyEnergyMarketsNigeriaOil & Gas
Petrol Prices Drop Below N900 Across South-West
Fuel prices at filling stations across Lagos and Ogun States have started falling below the N900 per litre mark following a N40 reduction in ex-depot prices by Dangote Petroleum Refinery. …
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BusinessEconomyEnergyGOVERNMENTOil & GasPolitics
Oil Companies Oppose Govt’s Order to Supply Dangote, Local Refineries
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that many oil companies in Nigeria opposed the Federal Government’s directive to supply crude oil to local refineries, including the Dangote …
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BusinessDangote IndustriesEconomyEnergyNigeriaOil & Gas
Marketers Refuse to Cut Petrol Prices Despite Dangote Refinery’s Price Slash
Many petrol marketers in Nigeria have refused to reduce their pump prices even after Dangote Petroleum Refinery cut its ex-depot price of petrol from N880 to N840 per litre. The …
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BusinessDangote IndustriesEconomyEnergyNewsNigeriaOil & GasPolicies
Petrol Marketers Expect Pump Price Drop as Crude Oil Prices Fall
Petroleum product marketers in Nigeria are expecting a possible drop in petrol pump prices this week, following a significant fall in international crude oil prices. This anticipated adjustment, according to …
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EconomyGOVERNMENTInfrastructureTechnologyTransportation & Logisitics
NPA Targets N1.28tn Revenue in 2025
The Nigerian Ports Authority (NPA) has announced a revenue target of N1.28 trillion for 2025. This is a significant increase from the N894.86 billion it generated in 2024. The announcement …
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EconomyEnergyFinance & ServicesGOVERNMENTInfrastructureINVESTMENT
FG Revenue Hits N6.9tn in Four Months
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has said that President Bola Tinubu’s economic reforms have brought in N6.9 trillion in government revenue from …
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BusinessEconomyEnergyMarketsOil & GasPolitics
Fuel Price May Hit N1,000/Litre as Global Oil Prices Climb Amid US-Iran Tensions
Petrol prices in Nigeria could rise as high as N1,000 per litre in the coming weeks, as global crude oil markets respond to escalating geopolitical tensions in the Middle East, …
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BusinessDangote IndustriesEconomyEnergyInfrastructureLabourOil & Gas
Oil Marketers Seek Cheaper Petrol Imports Amid Rising Prices from Dangote Refinery
Oil marketers in Nigeria have begun talks with international fuel traders to import cheaper Premium Motor Spirit (PMS), commonly known as petrol, as they try to remain in business and …