President Muhammad Buhari on Tuesday, inaugurated the $2.5bn Dangote Fertilizer plant in Lagos. The plant has capacity to produce three million metric tonnes of fertilizer yearly....
The over two weeks long scarcity caused by the withdrawal of the methanol-blended Premium Motor Spirit, popularly called petrol, imported into Nigeria in January, persisted on...
The scarcity of Premium Motor Spirit, popularly called petrol, which has lingered for about two weeks, is not due to the absence of products but inspection...
The Nigerian National Petroleum Company Limited may need an estimated N201bn worth of clean Premium Motor Spirit (petrol) to bring 170.25 million litres of adulterated product...
The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria needs to move away from the petrol subsidy regime to end its ‘opaqueness’, adding that Nigeria’s...
The Nigerian National Petroleum Company Limited has said it spent N100bn on refineries’ rehabilitation in 2021 and that funds were pumped into revamping the facilities on...
Aliko Dangote, chairman of Dangote Group and Africa’s richest person, says the refinery will begin processing crude by the third quarter of 2022. According to Bloomberg, the...
Foreign investors appear to have boycotted the Nigerian market as capital importation has dropped by $4.08bn (N1.68trn) in one year, latest statistics have shown Between January...
Nigeria has lost its Africa’s top oil producer status to Libya as its crude oil production fell further last month amid lingering supply disruptions, according to...
The Nigerian National Petroleum Corporation has admitted that there are pricing issues at some petrol depots in the country but ruled out any hike in the...