NNPCL Plays Crucial Role in Our Business - Dangote   The President of the Dangote Group, Alhaji Aliko Dangote, has said that the Dangote Petroleum Refinery is not competing with the Nigerian National Petroleum Company Limited, stressing that NNPCL “is...

UAE Joins $25bn Nigeria-Morocco Gas Pipeline Project   The United Arab Emirates (UAE) has agreed to contribute to a huge gas pipeline project that will connect Nigeria to Morocco and eventually reach Europe. Morocco’s Minister of Energy Transition and Sustainable Development, Leila...

IMF Verifies Nigeria's $3.3bn Loan Repayment   The International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the $3.4bn financial support it received under the Rapid Financing Instrument to cushion the economic impacts of the COVID-19 pandemic. In a...

FG Lauds Naira-for-Crude Deal Milestones   The Federal Government’s drive to boost the naira through local sales of crude oil and refined petroleum products has recorded significant progress, according to the Technical Sub-Committee overseeing the policy’s implementation. This was revealed during a...

NGX Sees N240bn Gain as Market Ends in Green   The Nigerian Exchange (NGX) closed in positive territory on Thursday, adding N240bn to its market capitalisation despite a slowdown in trading volume, turnover, and deal numbers. At the close of the session,...

Marketers Caution FG on Hasty Fuel Import Ban   Marketers have argued that Nigeria cannot ban fuel importation now, saying the country’s refining capacity is still low. The marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) and...