The Nigeria Labour Congress has commended Dangote Refinery for its recent reduction in fuel prices, describing it as a timely economic relief for Nigerians. Speaking with journalists on Tuesday, Funmi Sessi, the NLC Chairman for Lagos Council, noted that the refinery’s operation has come at the right time. Sessi expressed […]

Saipem, in a consortium with two Nigerian companies, has secured an offshore contract worth around $1 billion with Shell for a deepwater oil and gas project off the coast of Nigeria, Offshore Energy magazine has reported. As part of the contract with Shell Nigeria Exploration and Production Company Limited (SNEPCo), […]

Extract from the NNPC Limited Energy Relations Stakeholders Engagement Meeting — NNPCL has surpassed its 2024 profit targets, significantly growing its revenue from 8.82 trillion Naira in 2022 to a record 23.9 trillion Naira in 2023, — NNPCL achieved a surge in profit to the tune of 3.29 trillion Naira […]

MRS just sent a mail….see below PMS pump price is now 939.5 per litre in all their Lagos stations.

The Dangote refinery has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks. The Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, disclosed this while playing host to a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate […]

Over 23m barrels of crude traded as civil societies knock cabal Damilola Aina, Ismaeel Uthman and Babatunde Titilola : The Independent Petroleum Marketers Association of Nigeria has sought a reduction in the price of petrol across the country. The group urged the Dangote refinery to consider reducing its ex-depot price […]

The Nigerian cocoa industry has experienced a recent surge in demand and profitability, with data indicating that the country’s annual cocoa volume of 250,000 tonnes is now valued at over $6 billion. Adding to the cocoa industry’s sweet success, Nigerian cocoa farmers and exporters had a bountiful first half of 2024, […]

Minister for Youth Development, Comrade Ayodele Olawande, today, inaugurated a Technical Committee for the establishment of Youth Bank. The Committee comprised representatives from the Bank of Industry, Central Bank of Nigeria, the Federal Ministry of Finance, Nigeria Sovereign Investment Authority, as well as nominated officials of the Ministry of Youth […]

The Federal Competition and Consumer Protection Commission (FCCPC) has announced a comprehensive inquiry into consumer complaints targeting key players in the banking, telecommunications, and aviation sectors. The inquiry, scheduled to commence on December 3, 2024, will focus on addressing allegations of poor service delivery, exploitative practices, and potential violations of […]

Holcim to sell Lafarge Africa stake to Huaxin Cement in $1 billion deal Swiss cement maker Holcim (HOLN.S), opens new tab will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa (WAPCO.LG), opens new tab to China’s Huaxin Cement (600801.SS), opens new tab in […]