Filling stations across the Lagos metropolis Saturday morning responded to the hike in the ex- depot price of Premium Motor Spirit(PMS), otherwise called petrol by Dangote Refinery late Friday. The Dangote Refinery on Friday adjusted it’s ex- depot petrol price from N825 per litre to N880, representing an increase of N55 per litre. In a…
-says the UK energy giant’s activities in the region have led to the destruction of fishing and farming. An influential traditional chief in Nigeria’s oil-rich Niger Delta yesterday demanded that Shell pay US$12 billion for environmental pollution before it leaves the region. Bubaraye Dakolo of the Ekpetiama kingdom appeared before a federal high court in…
The Transmission Company of Nigeria (TCN) has said that it is owed N457 billion as of March for services rendered within the Nigerian Electricity Supply Industry (NESI). The Managing Director of TCN, Mr Sule Abdulaziz, made this known on Wednesday at the opening of a capacity-building workshop for journalists in Keffi, Nasarawa State. Abdulaziz was…
The Chief Financial Officer (CFO) of Nigerian National Petroleum Company Limited, Adedapo Segun, has explained why there is a missing sum of N210 trillion in the company’s audited financial statement spanning from 2017 to 2023. According to Segun, the missing funds are cash calls requested by joint venture (JV) partners and settlement to the JVs….
The University of Lagos (UNILAG) has unbundled its Department of Mass Communication from the Faculty of Social Sciences to establish a new Faculty of Communication and Media Studies (FCMS). Professor Oloruntola Sunday, former Head of the Mass Communication Department, was unanimously elected as the pioneer Dean of the newly created faculty, while Dr. Ebony Oketunmbi…
A World Bank Group’ Senior Economist, Samer Matta, want Nigeria to create a more conducive business environment to attract investors into the country. He spoke at the Major Marketers Association of Nigeria(MEMAN) quarterly Webinar with the theme “Fair and Healthy Competition,” The world bank Chief noted that businesses policies in most sectors of the economy…
Iran’s oil exports have jumped since the nation came under attack from Israel on Friday, according to a firm that specializes in monitoring clandestine shipping. The Islamic Republic exported an average of 2.33 million barrels a day since June 13, according to data from TankerTrackers.com. That’s an increase off 44% compared with the year through…
The Transmission Company of Nigeria (TCN) has inaugurated its newly constituted seven-member Performance Improvement Plan/Power Sector Recovery Operation (PIP/PSRO) Committee. The Performance Improvement Plan/Power Sector Recovery Operation(PIP/PSRO) programme is an Order and a critical component designed by the Nigerian Electricity Regulatory Commission (NERC) to enhance the operational efficiency and financial sustainability of the power sector,…
The Federal Government is set to sign over 30 Memoranda of Understanding (MoUs) as Nigeria prepares to host the second session of the Nigeria-Brazil Strategic Dialogue Mechanism (SDM), scheduled to begin on Monday, June 23, 2025. Key sectors driving this renewed investment initiative include agriculture, energy, defence, innovation, and the creative economy. The three-day event…
Dangote Refinery says it has deployed 4,000 brand-new Compressed Natural Gas (CNG)-powered tankers to ensure nationwide delivery of petroleum products. The above development, according to industry experts, will not only disrupt existing supply chains but also address two chronic issues in Nigeria’s downstream sector: frequent fuel tanker accidents and perennial strike threats by petroleum tanker…
