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 »

The price of Liquefied Petroleum Gas or cooking gas has rising to N1,300/Kg this month, representing 8.3 per cent, month-on-month, MoM from N1,200 in July. Similarly, the price of 5kg cooking gas... Read more »

The Nigerian National Petroleum Corporation Ltd. (NNPCL) has explained why fuel scarcity resurfaced nationwide. Dapo Segun, NNPCL’s Vice President (Downstream), addressed the situation during a press conference Tuesday, August 20, at the NNPC Towers... Read more »

The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has not paid fuel subsidies to anyone in the last nine months. The Chief Financial Officer of the company, Alhaji Umar Ajiya,... Read more »

Average price of petrol per litre across states and the FCT as at July 2024 1. Katsina: N9502. Jigawa: N9033. Benue: N8474. Osun: N8425. Borno: N8296. Taraba: N8277. Kebbi: N8228. Bauchi: N8169.... Read more »

Dangote Group has denied fixing petrol prices, refuting a Punch Newspaper headline that suggested a projection of N600/litre by the Independent Petroleum Marketers Association of Nigeria (IPMAN). The company clarified that IPMAN... Read more »

Dangote Refinery has insisted that Premium Motor Spirit (PMS), popularly known as petrol, refined at the refinery, will hit the market by August. The company’s Group Chief Branding and Communications Officer, Anthony... Read more »

The management of AIPCC Energy Limited, operators of the Edo Refinery and Petrochemicals Company Limited (ERPCL), has raised the alarm over the persistent lack of crude despite being a fully functional 1,000... Read more »

Africa’s largest oil refinery, Dangote Refinery, has reiterated its challenges in securing adequate crude oil supply for its operations, despite claims of increased allocation from the Nigerian National Petroleum Company (NNPC). In... Read more »

The Nigerian National Petroleum Company Limited (NNPCL) has demanded a refund of N4.71tn from the Federal Government to settle outstanding debts used to import Premium Motor Spirit, popularly called petrol, into the... Read more »

The Nigerian National Petroleum Company (NNPC) Limited has introduced the Utapate crude oil blend, a new crude oil grade, into the international market.According to a statement on Monday by Femi Soneye, NNPC’s... Read more »

The United States of America, Spain, France, South Korea, Angola, Togo, Guinea, Belgium, Israel, and Singapore, have been listed as the top 10 importers of petroleum products from Nigeria’s $20 billion Dangote... Read more »

The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring inflation and skyrocketing food... Read more »

The prices of major staple foods in Nigeria such as beans, yam, potato, plantain and tomato have risen by over 250% in the last one year.This is according to the latest Food... Read more »

For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by... Read more »