The Nigerian National Petroleum Company (NNPC) Limited has denied reports that it intends to become Dangote refinery’s sole distributor. In a statement issued on Saturday, the NNPC addressed allegations by the Muslim... Read more »

The CBN has approved the allocation of $20,000.00 to each qualified Bureau de Change at an exchange rate of N1,580 per dollar This measure aims to address the demand for invisible transactions.... Read more »

As Nigerians eagerly await the release of Premium Motor Spirit, popular known as petrol, from the $20bn Dangote Petroleum Refinery, the Nigerian National Petroleum Company Limited says it will lift the product... Read more »

The Dangote Group has refuted the claims in the media that the Nigeria National Petroleum Company Limited (NNPC Ltd) is currently lifting petrol from its refinery and selling at N897 per litre.... Read more »

Vice President, Downstream at the Nigeria National Petroleum Company Limited (NNPCL), Mr Adedapo Segun, on Thursday, revealed that the Dangote Refinery between September and November will receive additional 17.8million barrels of crude... Read more »

Nigeria’s Current Account position is projected to record a higher surplus of $6.96 billion this year, a macroeconomic report by the Central Bank of Nigeria (CBN) research department has shown. The current... Read more »

Nigeria and China will strengthen ties through a new nuclear energy partnership, a government spokesperson said on Tuesday. At the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing, both... Read more »

The Dangote Petroleum Refinery has said that its Premium Motor Spirit, popularly called petrol, will be exported if the Nigerian National Petroleum Company Limited and other petroleum dealers in the country refuse... Read more »

Statistics released by the Central Bank of Nigeria (CBN) have revealed that Nigeria’s Letter of Credit payments dropped by 57 per cent in the first seven months of 2024. According to the... Read more »

The Dangote Petroleum Refinery is ready to begin selling Premium Motor Spirit, also known as fuel. This comes just a few days after the 650,000-capacity refinery conducted a test run of the... Read more »

There are indications of an imminent hike in the price of petrol as the Nigerian National Petroleum Company Limited (NNPCL) has admitted financial strain. Government officials have in the past two weeks... Read more »

The Nigerian National Petroleum Corporation (NNPC) has finally admitted that the debts owed international oil traders as a major factor in the ongoing fuel scarcity across the country. In a statement released... Read more »

The Nigeria National Petroleum Corporation (NNPC) Limited has announced the commencement of Liquefied Natural Gas (LNG) exports to the Asian markets of China and Japan. The spokesperson of the national oil company,... Read more »

The Minister of Aviation and Aerospace Development, Festus Keyamo, has expressed disappointment over the state of the country’s aviation sector. He stated that Murtala Muhammed Airport, Lagos appeared like FAAN’s only viable... Read more »

Nigeria’s Gross Domestic Product (GDP) for the second quarter of 2024 grew by 3.19%, the National Bureau of Statistics (NBS) has said. In its Q2 2024 GDP Report on Monday, the Bureau... Read more »

The Federal Government has declared that the Nigerian National Petroleum Company Limited (NNPC) does not have the funds required to rebuild old pipelines. The Minister of State for Petroleum Resources, (Oil), Heineken... Read more »

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has queried high influx of Indians in the oil and gas industry in the country. Mr Festus Osifo, PENGASSAN’s President, said... Read more »

The 650,000-barrel-per-day Dangote refinery is undergoing test runs for Premium Motor Spirit or petrol production, with full operation expected by mid-September. This was revealed by Reuters quoting a note by industry monitor... Read more »

Dangote Petroleum Refinery is undergoing test runs for petrol production, with full operation expected to commence by mid-September, Reuters is reporting.Citing a note by IIR Energy, an oil industry monitor, the publication... Read more »