The Nigerian National Petroleum Company Limited (NNPC) has again increased the pump price of petrol. The new rates, now in effect, set prices at N1,025 per litre in Lagos and N1,060 per litre in Abuja. Aliko Dangote, chairman of Dangote Group, attributed the ongoing fuel shortages and queues at petrol stations across Nigeria to marketers […]Read More
The Nigeria Labour Congress (NLC) has condemned the International Monetary Fund (IMF) for denying any role in the Nigerian government’s recent decision to remove the petrol subsidy. The NLC called this denial “cynical,” viewing it as typical behaviour of the IMF and World Bank, which it claims have consistently pressured developing nations into adopting harsh […]Read More
The Dangote Refinery has made a major contribution to Nigeria’s fuel supply, delivering around 79.4 million litres of petrol to the local market by sea. The vessel Sabaek recently transported about 500,000 barrels (79.4 million litres) of petrol from the refinery to Lagos, according to a port report and Bloomberg’s ship-tracking data. This first sea-based […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has ramped up efforts to locate eight missing individuals following a helicopter crash in the Gulf of Guinea. The helicopter, registered as 5N-BQG, had six passengers and two crew members on board. So far, three bodies have been recovered, and the search continues for the remaining five. Olufemi […]Read More
Almost 60 percent of Nigerian household are connected to the national grid, a new report has revealed. Overall, 58.2 percent, indicating nearly 6 in 10 Nigerian households, from the surveyed states are connected to the national grid. The Nigeria Residential Energy Demand-side Report 2024 was published by the Nigerian government, which was done by the […]Read More
Adebayo Adelabu, the minister of power, has called an emergency meeting with the Nigerian Electricity Regulatory Commission (NERC) and the Transmission Company of Nigeria (TCN) following recent disturbances to the national grid, which resulted in widespread blackouts across the country. A statement released by Bolaji Tunji, the minister’s special adviser for strategic communication and media […]Read More
Dangote Petroleum Refinery and Petrochemicals FZE has filed a lawsuit at the Federal High Court in Abuja, seeking to invalidate import licenses granted to the Nigeria National Petroleum Company (NNPC) Limited, Matrix Petroleum Services Limited, A. A. Rano Limited, and four other companies. The refinery argued that these licenses, which allow the importation of refined […]Read More
The Federal Government has given the green light to Seplat Energy’s purchase of Exxon Mobil Corp’s onshore assets, more than two years after the $1.28 billion deal was first agreed, according to the head of the country’s upstream regulatory body on Monday. The deal, initially announced in February 2022, had been under regulatory review, awaiting […]Read More
Hexing Livoltek, a global leader in technology, has announced plans to establish a manufacturing facility in Nigeria, focusing on advanced metering systems and solar energy solutions. This move is expected to boost local employment while supporting Nigeria’s growing demand for renewable energy. The announcement was made during a luncheon attended by Adebayo Adelabu, the Minister […]Read More
Nigerians have again been plunged into darkness after the national power grid collapsed for the third time in a week. The constant power outages have only deepened frustrations across the country, affecting businesses, homes, and essential services that rely on a stable electricity supply. The latest grid failure occurred early Saturday morning, leaving many states […]Read More
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