The federal government is in talks with GCL Group, a Chinese green and low-carbon technology company, over a proposed $5.7 billion investment spanning power, mining, and industrial manufacturing. Wale Edun, minister of finance and coordinating minister of the economy, received a high-level delegation from the firm in Abuja on Monday. According to a social media…
A court has heard recordings of a former Nigerian oil minister allegedly confronting two oil tycoons from whom she is accused of accepting bribes, after their relationships had broken down. Prosecutors allege that Diezani Alison-Madueke was provided with “a life of luxury” in the UK, which they say was paid for by those who sought…
The Dangote Petroleum Refinery has concluded an offtake agreement with 12 major petroleum marketing companies to distribute between 60 million and 65 million litres of Premium Motor Spirit (petrol) daily across the country, in a move expected to stabilise supply and deepen Nigeria’s fuel self-sufficiency. President of the Dangote Group, Aliko Dangote, disclosed this in…
Group Chief Executive Officer of NNPC Limited, Bayo Ojulari, has described the Dangote Refinery as a world-class facility equipped with modern technology and capable of making significant impact on Nigeria’s economy and the global energy market. Ojulari made the remarks while addressing journalists after inspecting several sections of the refinery, including the master control room,…
Nigerian National Petroleum Company Limited (NNPC Ltd) has announced plans to increase gas supply by an additional 1.8 billion cubic feet per day (bcf/d) in 2026 to meet growing domestic demand The company disclosed this in Abuja while hosting members of the Nigeria Guild of Editors, stating that its subsidiaries—NNPC Upstream Investment Management Services (NUIMS)…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has recorded a major win for the country in the effort to tighten accountability in crude oil production operations with the inauguration of a Gravimetric Multifaceted Flow Metering Calibration Facility in Eket, Akwa Ibom State. The project — the first of its kind in West Africa — addresses…
The Managing Director, TotalEnergies EP Nigeria Limited, Mathieu Bouyer, has reaffirmed the company’s commitment to expanding Nigeria’s energy supply while reducing the carbon intensity of its operations. Mr Bouyer made the remarks during a panel session titled “Capitalising on Africa’s Global Upstream Momentum” at the 9th Nigeria International Energy Summit (NIES 2026), held on Wednesday,…
Dangote IPO, insurance recapitalisation to drive new era of market liquidityShare Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., one of China’s leading manufacturers of construction machinery, in a move set to accelerate the expansion of the Dangote Petroleum Refinery & Petrochemicals from 650,000 barrels per day…
THE Lagos State Ministry of Justice has clarified that the recent judgment of the Court of Appeal, Abuja Division on the activities of Vehicle Inspection Officers (VIO) in the Federal Capital Territory (FCT) does not invalidate the operations of the Lagos State Vehicle Inspection Service (VIS) on Lagos roads. The state government said its attention…
The world’s richest black person, Aliko Dangote, has appointed her daughters to major positions in the multi-billion global business group. Halima Aliko Dangote was appointed Group Executive Director, Dangote Family Office & International Offices (Dubai & London). Halima will continue to lead the establishment and maturation of the Dangote Family Office in Dubai, ensuring the…
