There are indications that prices of bread and other flour based food items would continue to rise as bakers and flour millers said there is no end in sight for solutions to the key drivers of the cost in the sector. Meanwhile the operators told Financial Vanguard that they would […]

The U.S. Department of Justice filed fraud charges against Air Peace’s Chief Executive Officer, Dr. Allen Onyema, and Chief Financial/Administration Officer, Mrs. Ejiro Eghagha. Air Peace has addressed these reports. The airline has declared its dedication to openness and honesty, stating that it is examining the accusations at this time […]

Presidential candidate of Labour Party in the 2023 election, Peter Obi, has berated President Bola Ahmed Tinubu for the sudden fuel price hike from the comfort of an annual vacation. Daily Trust reports that while President Tinubu who has now headed for France was in London, the Nigerian National Petroleum […]

Petroleum marketers can now directly lift petrol from Dangote Refinery without the Nigerian National Petroleum Company Limited (NNPC) acting as an intermediary. This shift marks a significant change in fuel distribution, confirming speculations that NNPC is no longer the sole off-taker of Dangote Refinery products. In a statement on Friday, […]

Dangote Group is looking to start production at its two Nigerian oil assets in the fourth quarter of 2024, after enduring months of crude supply woes, a report by S&P Global Commodity Insights has said. The report quoting company sources said Dangote is currently seeking a floating production, storage and […]

A bill to create a special armed squad for the Federal Road Safety Corps (FRSC) as well as other provisions to make the agency operates better has been passed for second reading at the House of Representatives. The bill sponsored by Rep. Abiodun Derin Adesida and Rep. Olaide Lateef Muhammed […]

Prime Minister Mitchell was received and led on the tour of the Refinery by the Chairman and Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote and other top ranking staff.More visitors are continuing to tour the Dangote Refinery in Lagos, with the latest being the Prime Minister Of Grenada, […]

Independent oil marketers on Wednesday adjusted the pump price of petrol in the Federal Capital Territory (FCT) to reflect the price at which they bought the product from Dangote Refinery and Petrochemical Company. Checks revealed that many filling stations have adjusted their pump price of petrol to an average of N1,200 […]

The Federal Government has distanced itself from the recent increase in fuel prices, citing the Nigerian National Petroleum Company Limited’s (NNPCL) decision to raise prices in response to prevailing market conditions. The price hike, which saw fuel prices jump from N897 to N1,030 in Abuja, N855 to N998 in Lagos, and […]

The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri has stated reports he directed the Nigerian National Petroleum Company Limited (NNPCL) to stop running its refineries and focus solely on equity participation in other refineries is false. He made this known in a statement late Tuesday. Lokpobiri clarified that […]