Dangote Refinery Receives Third Crude Shipment Of 1m Barrels Nigeria’s Dangote refinery has received its next one-million-barrel crude oil cargo from Shell International Trading and Shipping Company Limited (STASCO), bringing the total to three million barrels at the facility’s Single-Point Mooring. The fourth shipment which is...

Nigeria Firm Set to Supply Gas to South Africa A Nigeria based gas production firm, Riverside LNG, has said it is in talks to supply gas to South Africa, in what would be the first such deal between the two countries. Riverside LNG had earlier this...

FCCPC Slams N110bn Fine On British American Tobacco over Violation The Federal Competition and Consumer Protection Commission (FCCPC) has slammed a $110m fine on British American Tobacco (Nigeria) as a result of its violation of the Federal Competition and Consumer Protection Act, National Tobacco Control...

Yuletide: Nigeria's Oil Price Rises $81.11 per barrel in One Week The price of Nigeria’s Bonny Light, rose to $81.11 per barrel, from $78 per barrel it closed last week, indicating an excess of $3.15 per barrel against the 2024 budget reference price of $77.96...

World Bank Disburses $1.45bn State Loan to FG The World Bank says it has disbursed $1.45bn from the $1.5b States Fiscal Transparency, Accountability, and Sustainability Programme fund to the coffers of the Federal Government. The amount, which has been received so far as of December 12,...

Railway Debt Servicing Rises by 1,200%, Exceeds Revenue – Report Railway debt servicing cost exceeded revenue by 1,208.5 per cent in the first half of 2023, an analysis of debt service documents has shown. In the first half of 2023, the government spent $38.59m (N29.98bn at...