DANGOTE REFINERY TO SELL TWO FUEL CARGOES

The Dangote Petroleum Refinery has filed tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery, according to trading...

MINISTER CALLS FOR MORE INVESTMENT IN NIGERIA’S GAS SECTOR

Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), has advocated for increased investment to explore Nigeria's enormous gas reserves. Lokpobiri made the call...

FG PROPOSES NAIRA PAYMENT FOR GAS

The Nigerian power ministry has been putting into consideration legislative measures to allow for the payment of gas to be made in naira. There was...

EXXON MOBIL TO LEAVE EQUATORIAL GUINEA

Exxon Mobil Corp. is planning to quit Equatorial Guinea in the coming months, marking the end of nearly three decades of oil drilling that...

NIGERIA’S GOVERNMENT FORMS INTER-MINISTERIAL COMMITTEE TO ENSURE SUFFICIENT GAS SUPPLY

The federal government has formed an Inter-Ministerial Committee from the Ministry of Power and Gas to propose long-term solutions for ensuring a consistent and...

WARRI REFINERY TO BE COMPLETED FIRST QUARTER OF 2024

The mechanical completion of the Warri Refining and Petrochemical Company (WRPC) is expected to be completed in the first quarter of this year, according...

NIGERIAN NAIRA DROPS TO N882.24/$1, RESULTS IN $56.60 MILLION FOREX TURNOVER

On Wednesday, January 24, 2024, the Nigerian naira slightly declined versus the US dollar in both the official and black markets, resulting in a...

DANGOTE REFINERY TO SUPPLY FUEL TO 150,000 IPMAN STATIONS

The Dangote Petroleum Refinery will deliver fuel to around 150,000 retail outlets managed by the Independent Petroleum Marketers Association of Nigeria (IPMAN), following a...

DOLLAR HOARDING CAUSED NAIRA DEPRECIATION – ABCON

Bureau De Change operators have expressed concern that since the value of the naira has depreciated, some Nigerians are holding their money in US...
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