Business

The manager of the Old Port Harcourt Refinery has said the facility is now fully operational in the wake of claims and counterclaims that have continued to greet the resuscitation of the 60, 000 barrels per day refinery.   Last week, the Nigerian National Petroleum Company Limited said that the facility is currently working at […]

The Nigerian National Petroleum Company (NNPC) Limited has announced that subsidiary, the NNPC Gas Marketing Limited (NGML), has successfully executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE.   This was disclosed in a statement signed by the Chief Corporate Communications Officer of the NNPLC, Olufemi Soneye, on Wednesday. […]

Banks are set to increase funding of petrol importation to N3.5 trillion as more marketers move to import the product amidst the push for the exclusivity of local production and supply led by Dangote Refinery.     Financial Vanguard learnt that banks are now receiving more loan requests for funding petroleum products imports with the […]

Following recent media reports, we find it necessary to address certain misinformation regarding the Presidential CNG Initiative.   As a response to the high cost of petrol and the attendant rise in the cost of transportation, following the removal of fuel subsidy, President Bola Tinubu launched the Presidential CNG Initiative to provide a cheaper and […]

   Three major oil marketers in the country, yesterday, asked the Federal High Court in Abuja to stop what they described as plot by Dangote Petroleum Refinery and Petrochemicals FZE, to monopolise the energy sector of the economy.   The marketers, including AYM Shafa Limited, A. A. Rano Limited and Matrix Petroleum Services Limited, maintained […]

Protocol   Ladies and Gentlemen,   1. It is with profound honour that I stand before you today as the President of the Federal Republic of Nigeria and a fellow advocate for transformative governance. I welcome all the distinguished guests, esteemed speakers, and dedicated participants in this pivotal annual accountants’ conference.    Today, we unite […]