Nigeria’s inflation slowed for the second month to 32.15 percent  a sign that the surging inflation that has gripped the Nigerians economy is finally subsiding.   According to the National Bureau of Statistics (NBS), Consumer’s Price Index declined  to 32.15 percent in August 2024,  from 33.40  percent in July 2024. […]

Dangote Refinery has hit out at the Nigerian National Petroleum Company Limited (NNPCL) for claiming they bought fuel from them at N898 per litre. Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr Olufemi Soneye, that we sell our PMS at N898 per litre to the […]

PRESS RELEASE NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery, Based on September 2024 Pricing The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country. The NNPC Ltd also […]

Petroleum products marketers have declared that there was never a boycott of Dangote Refinery’s Premium Motor Spirit, PMS, (petrol). However, Olufemi Adewole, Executive Secretary, Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, told Vanguard, there was a need to get the modalities right. Adewole said: “The sector needs to operate transparently […]

Nigeria’s foreign exchange (FX) reserves rose by $621.2 million in 10 days following the successful sale of a domestic dollar bond. The gross FX reserves increased from $36.24 billion on September 2, 2024, to $36.87 billion by September 12, 2024. This is according to the latest data on the reserves […]

The Nigerian National Petroleum Company (NNPC) Limited on Saturday said about 300 trucks have arrived at the Dangote Refinery ahead of the loading of petrol. DAILY POST had reported that NNPC announced that the first batch of petrol would be loaded from Dangote Refinery on Sunday. The company’s Chief Corporate […]

https://www.youtube.com/watch?v=-MF9Yd3K8BE?si=xgsuJOjBPP0MG3TQ Abuja Entrepreneur Loses N150m Poultry Farm to Demolition Months After Supporting Lagos Demolitions Akomolafe Henrich Banks, an entrepreneur based in Abuja, has lost his N150 million poultry farm due to a demolition carried out by the Federal Capital Development Authority (FCDA). The demolition occurred on Sunday, approximately four months after […]

The Federal Government on Friday disclosed that the supply of petrol from Dangote Refinery will commence on tomorrow after both parties reached an agreement on pricing and supply. NNPC will remain as the sole off-taker of petrol from the refinery with other marketers getting the product from the national oil company. […]

The Nigerian National Petroleum Corporation, NNPC, Limited has asked for office space for about 10 of its staff at Dangote Refinery as part of their crude supply deal. According to Devakumar V. G. Edwin, Vice President, Oil & Gas, of Dangote Group, NNPC made the demand since they will be […]

Fuel price hike: Ebonyi Govt seals 3 petrol stations Petrol price hike has worsened our operations — MAN [quote]Ebonyi State Government has sealed three filling stations within the Abakaliki metropolis in the State. The petrol stations were sealed following their alleged involvement in sharp practices, and meter adjustments among other […]