Business

Business

‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta’

‘Nil from 2017-2022, $2bn in 2023’ — the sudden surge in Nigeria’s petroleum imports from Malta Nigeria’s petroleum importation from Malta surged significantly to $2.8 billion in 2023. Nigeria is one of Africa’s biggest oil-producing nations — but it lacks local refining capacity. Speaking at an event in May, Vice-President […]

Business

Construction Begins At Midoil Refinery, Lagos

Midoil Refining and Petrochemicals Company Limited has finally performed the turning of sod ceremony, marking the commencement of construction activities in Lagos. The turning of the sod took place at Shekungba, Ikosi/Ejinrin Local Council Development Area of Lagos State recently. The Executive Chairman of Midoil, Mrs Elizabeth-Omolara Akintonde, led dignitaries […]

Business

Gabon Invites Dangote To Explore Business Opportunities, Amid Attacks In Nigeria

President Brice Oligui Nguema of Gabon has invited Africa’s wealthiest man, Aliko Dangote, to invest in his country. According to Dangote Industries Limited, the billionaire was asked to explore investment opportunities in Cement and Fertiliser (Urea and Phosphate). “President Brice Oligui Nguema of Gabon has invited the President and Chief […]

Business

Truce Meeting Between Dangote, NMDPRA, NUPRC, NNPCL Fails To Resolve Imbroglio

The truce meeting brokered by the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, to resolve the heated dispute between the Dangote Refinery on one hand and state-run entities, the Nigerian National Petroleum Company Limited (NNPCL), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Midstream and Downstream Petroleum Regulatory Agency […]