As Nigerians celebrate Christmas, traders across various markets in Nigeria are lamenting poor patronage amid skyrocketing food prices, a sharp contrast to the festive sales experienced in previous years. In Lagos, Abuja, Osun, Rivers, Edo, Kano, Kaduna, and Sokoto, among other states, traders decried the high cost of food items and ever-increasing food inflation on…
The Lagos State Government has sealed the facilities of three major companies – Nigerian Bottling Company (producers of Coca-Cola), FrieslandCampina (makers of Peak Milk), and Guinness Nigeria Plc – for extracting large quantities of groundwater without proper authorisation. The Lagos State Water Regulatory Commission (LASWARCO) carried out the enforcement operation, as disclosed by Mr. Olowu…
The Nigerian National Petroleum Company Limited (NNPC Ltd), under the leadership of Mele Kyari, has introduced the Production Monitoring Command Centre (PMCC) as a transformative step in hydrocarbon operations. This initiative, driven by NNPC Upstream Investment Management Services (NUIMS), builds on the success of the Command and Control Centre to enhance monitoring, operational efficiency, and…
Petroleum Tanker Drivers (PTD), a branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) at the weekend urged the federal government to begin the repairs of major highways in the country to avoid the hardship that comes with the rainy season. In a communiqué issued at the end of its quarterly National…
Dangote, MRS Partner to Sell Petrol at ₦935 Nat Dangote Refinery has partnered with MRS Oil and Gas to sell petrol at ₦935 per liter at retail outlets nationwide. This price reduction follows a decrease in the ex-depot price from ₦970 to ₦899.50 per liter. Mr Anthony Echiejina, Head of Media Communications of Dangote Refinery,…
The Nigerian National Petroleum Company (NNPC) Limited has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N1,020 to N899 per litre. This price adjustment, aimed at responding to the competitive dynamics introduced by deregulation, is expected to intensify competition among oil marketers and lead to cost savings for consumers….
International oil trading giant, Vitol, has successfully sold a consignment of aviation fuel from the Dangote Petroleum Refinery to a Bulk Import, Distribution and Export Company (BIDEC) in Ghana. This transaction underscores the growing influence of the $20 billion Dangote Refinery as a key supplier of refined petroleum products across the West African region. This…
Seplat Energy Plc, a leading Nigerian independent energy company, has been named Best In Social Impact/Human Capacity Development at the Sustainability, Enterprise and Responsibility Awards (SERAS) Africa for 2024. The Company was announced as winner of the award at the 18th edition of the SERAS Africa held at the Oriental Hotel in Lagos. The organisers…
The Petroleum Technology Association of Nigeria (PETAN) marked its 30th anniversary with a grand celebration, honoring distinguished individuals, organizations, and supporters who have contributed to the association’s growth and the advancement of local content in Nigeria’s oil and gas sector. Speaking at the event, PETAN Chairman, Engr Wole Ogunsanya, expressed gratitude to all stakeholders. “This…
Dangote Refinery has tackled Nigerian National Petroleum Company (NNPC) Limited over claimed that its $1 billion oil-backed loan agreement was instrumental in supporting the refinery operations during liquidity challenges. NNPC’s Chief Corporate Communications Officer, Olufemi Soneye had said the privatized oil company helped Dangote to achieve the Refinery while speaking at an Energy Relations Stakeholder…
