Fuel Marketers Increase Imports by 60% Despite Local Refineries   Petrol imports rose sharply by 59.5 per cent in May after months of decline, as oil marketers increased purchases from foreign suppliers despite rising output from domestic refineries, according to data obtained from the Nigerian Midstream...

Crude Oil Crash Pushes Petrol, Diesel Prices Down   Petrol and diesel prices have started to decline as global crude oil prices retreat following the de-escalation of tensions in the Middle East. The reductions, led by the Dangote Petroleum Refinery and followed by some private depot...

Tinubu Aims for 5 Million Jobs from Nigeria's Blue Economy   President Bola Tinubu on Wednesday reaffirmed Nigeria’s commitment to unlocking the economic potential of its oceans, saying the country is targeting five million new ocean-based jobs while seeking stronger African collaboration to tackle illegal fishing...

Dangote Refinery Slashes Diesel, Jet Fuel Prices   The Dangote Petroleum Refinery has lowered its gantry prices for Automotive Gas Oil (diesel) and Aviation Turbine Kerosene (jet fuel). According to data from Petroleumprice.ng, the Dangote refinery reduced the diesel gantry price by N100, from N1,700 per litre...

FG Stops Stamp Duty Deductions by MDAs   The Federal Government has directed all Ministries, Departments and Agencies (MDAs) to immediately discontinue the deduction of one per cent stamp duty from payments made to contractors, vendors, suppliers and service providers, citing the provisions of the Nigeria...

Nigeria Attracts $3bn Investment in Solid Minerals Sector   The Federal Government on Wednesday disclosed that Nigeria’s solid minerals sector has attracted about $3bn in investments within the last three years, describing the inflow as one of the most significant achievements recorded in the industry’s...