Dangote Refinery to Crash Petrol Price, Expands Plant to 5.3bn litres  The President of the Dangote Group, Alhaji Aliko Dangote, declared that the Dangote refinery has a capacity of 5,38 billion litres of tankage capacity, enough to crash current pump prices of Premium Motor Spirit...

NNPCL to Launch Three LNG Projects in August - Kyari The Nigerian National Petroleum Company Limited announced that it would hold the ground-breaking of three mini-Liquefied Natural Gas projects in August this year. NNPC’s Group Chief Executive Officer, Mele Kyari, announced this in Abuja at the...

Nigeria Secures $2.25bn World Bank Loan The World Bank has approved a total of $2.25 billion for Nigeria to support the Federal Government’s efforts to stabilize the economy. The international lender announced the approval of two significant financial operations aimed at bolstering Nigeria’s economic stability and...

Tinubu Appoints Tanimu Kirfi as DG, Budget Office President Bola Ahmed Tinubu has approved the appointment of Mr. Tanimu Yakubu Kurfi as the Director-General of the Budget Office of the Federation, following the expiration of the tenure of Mr. Ben Akabueze. Ajuri Ngelale, Special Adviser to...

Saudi Arabia has announced its decision not to renew its 50-year petro-dollar agreement with the United States, which had mandated oil sales exclusively in US dollars. This agreement expired on June 9, 2024. 

Daily Oil Production Drops to 1.25mbpd – OPEC Nigeria’s daily oil production dipped further to 1.25 million barrels per day in May, a report by the Organisation of the Petroleum Exporting Countries (OPEC) has said. This is despite the claim by the Federal Government and the...