NNPCL, JV Partner to Minimize Gas Flaring by 96%   The Nigerian National Petroleum Company Limited (NNPCL) has achieved a significant milestone in reducing gas flaring, announcing a remarkable 96% decrease at the Anyala (OML 83) and Madu (OML 85) fields. This notable accomplishment is the...

Nigeria's Consumer Goods Market Hits New High of N11.1bn   The Nigerian Exchange (NGX) has witnessed a significant milestone, with the consumer goods sector reaching a record total market capitalization of N11.1 billion. As of the latest trading data, the sector is experiencing increased performances across several of its...

Manufacturers Push for DisCos Review Amidst Proposed Tariff Hike   The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to review the performance of electricity distribution companies in light of their investment in distribution infrastructure, following reports of a planned increase in electricity...

NPA Proposes 15% Tariff Hike, May Trigger Fresh Price Increase   The Nigerian Ports Authority (NPA) has announced plans to implement a 15% increase in its tariffs, marking the first review in over three decades, since 1993. According to the NPA, all necessary approvals for the...

Dangote Exports 130m litres of Jet Fuel to Saudi Arabia The Dangote refinery says it has sold two cargoes of aviation fuel, each averaging around 130 million litres to Saudi Aramco, the national oil company of Saudi Arabia. This comes in the wake of predictions by...

PETROAN Supports Ban of Crude Export meant for Local Refinery The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the federal government for banning the exportation of crude oil allocated to local refineries. President of PETROAN, Dr. Billy Grillis-Harry gave the association’s backing...