Fuel Subsidy Hits N700billion Monthly Under Tinubu Amid Crisis In Nigerian Oil Sector
As crisis continues to rock Nigeria’s oil sector, it has been revealed that fuel subsidy currently gulps over N700billion monthly under the Bola Tinubu-led Nigerian government. The Secretary of the…
Our diesel not inferior to imported ones, Dangote replies critics
| Dismisses monopoly concerns The President of Dangote Industries, Alhaji Aliko Dangote, yesterday, dismissed the claim by critics that the quality of diesel produced by Dangote Refinery in terms of…
‘Dangote refinery at 45% completion, not ready for commissioning’
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed has said billionaire businessman Aliko Dangote requested for total suspension of fuel importation into the…
NNPC claims Nigeria will be net exporter of petrol by December
The Group Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, has promised that the country will be a net exporter of refined oil before the end…
₦400bn oil production shortfall threatens 2024 budget
With crude oil production consistently failing to meet budget benchmarks and allotted OPEC quotas, the industry’s regulators and operators have come under severe pressure to fix the hostile operating environment…
Tinubu: Nigeria committed to balanced energy transition approach, meets senior bank executives
President Bola Tinubu says Nigeria remains committed to a balanced approach to energy transition and still requires substantial investments in the oil and gas sector to meet the energy demands…
Finance minister lauds progress of work on AKK gas pipeline project
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has expressed satisfaction with the progress made so far on the AKK Gas Pipeline Project, spearheaded by…
‘They tried all sorts’ – Dangote accuses local, foreign mafias of trying to stop refinery
The founder of Dangote Group, Aliko Dangote, has revealed that both local and international criminal organisations, which he described as “mafia”, made repeated attempts to sabotage his $19bn refinery project…
Dangote postpones petrol supply date to July
The Dangote refinery has said its plan to release premium motor spirit into the market this month will no longer be possible. The President of Dangote Group, Aliko Dangote, told…
Tinubu inaugurates gas infrastructure projects | Assures citizens, investors of economic growth
President Bola Tinubu has reassured investors in the energy sector of his administration's resolve to further enhance the business environment and ensure investment convenience. The President inaugurated three milestone projects,…