Business

Nigerian National Petroleum Company Limited has reduced its premium motor spirit price for the second time in one week,  the state-owned oil firm today, adjusted its petrol price to N890 per litre from N895, representing N5 per litre downward price review.‎‎While NNPCL retail outlets dispense fuel at N890 per litre, Dangote Refinery’s retail partners, such […]

The Dangote Petroleum refinery has begun exporting Premium Motor Spirit, selling approximately 1.35 billion litres of petrol to other countries worldwide in the past 50 days.‎‎President of the Dangote Group, Alhaji Aliko Dangote, disclosed this at the ongoing Global Commodity Insights Conference on West African Refined Fuel Markets hosted by the Nigerian Midstream and Downstream […]

The Dangote oil refinery is planning to end crude importation by December 2025. The refinery is willing to rely fully on Nigerian crude by the end of the year, a move that would replace hundreds of thousands of barrels a day of imported oil.‎‎News men reported that the plant received about half of its crude […]

The Nigeria Customs Service, Murtala Muhammed International Airport Command, has engaged stakeholders, including the Economic and Financial Crimes Commission and the National Financial Intelligence Unit, and passengers, among others, to tackle money laundering and terrorism financing.‎‎The event held at the Federal Airport Authority of Nigeria Conference Room at the MMIA Wing on Tuesday was themed, […]

Retail outlets owned by the Nigerian National Petroleum Company Limited have effected an upward adjustment in the pump price of the Premium Motor Spirit, also known as petrol, to N945 per litre in the Federal Capital Territory on Monday. The price adjustments come just days after the Dangote Petroleum Refinery increased its ex-depot price of […]

The President of the Dangote Group, Aliko Dangote, says his 650,000-barrel capacity refinery is increasingly relying on the United States for crude oil. This came as findings showed that the Dangote Petroleum Refinery is projected to import a total of 17.65 million barrels of crude oil between April and July 2025, beginning with about 3.65 million […]

Members of the Major Energies Marketers Association of Nigeria say they will discuss with the Dangote Petroleum Refinery to fully understand the implementation of its plan to supply directly to filling stations nationwide.This was stated by the Executive Secretary of MEMAN, Clement Isong, during a webinar organised by the association on Thursday. Isong noted that the marketers […]

An Indian citizen, Tukur Shamsudden, and 12 individuals were on Tuesday arraigned by the operatives of the Police Special Fraud Unit, Ikoyi, Lagos, for alleged conspiracy and unlawful diversion of Automotive Gas Oil, commonly known as diesel, valued at over N4 bn, property of Dangote Industries Limited. The defendants were brought before Justice Deinde Dipeolu […]

The Vice Chancellor, Federal University of Technology and Environmental Sciences, Iyin Ekiti, Prof. Gbenga Aribisala, has said that the institution will prioritise research to produce competent graduates who will be job creators and problem solvers. Aribisala said that the new university would ensure quality academic standards by ensuring that staff recruitment followed due process to […]

The Dangote Petrolchemicals Refinery has effected another reduction in the ex-gantry price of its Premium Motor Spirit also known as petrol below the publicly announced N835 per litre. Sources confirmed on Monday that the refinery has reduced its price to N825 per litre for its customers, through a rebate of N10 after successful loading of […]