Dangote Group has finalized a $400 million construction equipment deal with XCMG Construction Machinery Co., Ltd., a leading Chinese manufacturer of construction machinery, aimed at expediting the expansion of the Dangote Petroleum Refinery & Petrochemicals. This initiative seeks to increase refining capacity from 650,000 barrels per day to an impressive 1.4 million barrels per day. […]Read More
February 16, 2026 President Bola Ahmed Tinubu has commended the signing of a strategic Memorandum of Understanding between Nigeria’s BUA Group and UAE-based AD Ports Group and MAIR Group in Abu Dhabi. He described the MoU as a significant industrial and trade breakthrough arising from renewed Nigeria–UAE engagement under his administration. The President said the […]Read More
February 16, 2026 The Federal Government (FG) has donated the sum of N5 billion as intervention fund for traders affected by the fire outbreak that razed large sections of the popular Singer Market in Kano. This is just as state governors on the platform of the All Progressives Congress (APC), under the aegis of the […]Read More
February 16, 2026 Near-term demand for Saudi Arabia’s oil in China is soaring after the Kingdom early this month slashed its official selling prices (OSPs) for Asia to the lowest level versus regional benchmarks in more than five years. In early February, Saudi Aramco cut the OSP of its flagship Arab Light for March loadings […]Read More
At the 20th Nigeria Oil and Gas Industry Games (NOGIG), which concluded Saturday in Abuja,NLNG was voted Overall Champion and Best Sports Company after a dominant demonstration of physical prowess and teamwork. Nigerian National Petroleum Company Limited (NNPCL), the reigning champion, finished second with 49 medals (14 gold, 15 silver, and 20 bronze), while Team […]Read More
February 16, 2026 China’s oil imports from Russia are projected to reach an unprecedented level of over 2 million barrels per day in February, as India reduces its spot purchases from Russia, leading to significant discounts for Chinese independent refiners. China is expected to import between 2.07 and 2.08 million barrels per day (bpd) of […]Read More
The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have reinforced their dedication to enhancing Nigeria’s investment landscape through improved inter-agency collaboration. This commitment was the central focus of discussions during a working visit by Dr. Dayo Mobereola, Director-General of NIMASA, to the NUPRC’s corporate headquarters in Abuja, […]Read More
Feb 13, 2026 India’s largest private refiner, Reliance Industries, has been authorized by the United States to buy, export, and sell Venezuelan crude oil, Reuters reported on Friday, citing sources with knowledge of the situation. Reliance last month applied with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) for a general license to be […]Read More
…Gives out trucks and cash credits as a thank-you. The 2025 Customers Dinner and Awards Night took place Thursday in Abuja, drawing in some big names—Africa’s top industrialist and Dangote Group President, Aliko Dangote, and Vice President Olakunle Alake showed up to personally honour the winners. NASCON Allied Industries Plc, better known as Dangote Salt, […]Read More
February 13, 202 India considers boosting the run rates of its gas-fired power plants during evening peak hours to support the grid amid the surge in renewable power generation, India’s Power Secretary Pankaj Agarwal said on Friday.  “For the last three years we have been studying whether gas plants can run for eight hours in […]Read More
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