The Centre for the Promotion of Private Enterprise has said that Nigeria’s debt, including that of the Asset Management Corporation of Nigeria and borrowings from the...
The Federal Government has described the 650,000 barrels-per-day Dangote Petroleum Refinery as a game changer that is capable of driving refining revolution in Africa. Nigeria’s Minister...
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...
