Dangote Refinery, Energy Security and the Monopoly of Oil Sector By Kabir Fagge Nigeria's oil industry was recently thrown into chaos following disputes that erupted between Farouk Ahmed, the Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and Aliko Dangote,...

Crude Crisis: I’ll Reveal the Truth at Appropriate Time, Says Kyari The Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has said he will reveal the truth about the company’s operations in the oil and gas sector at the appropriate...

Senate to Probe NNPC, Dangote over $1.5bn Refinery Project The Senate has questioned the $1.5bn approved in 2021 for the turn-around maintenance of the Port Harcourt Refining and Petrochemical Company with little or no result. It also vowed to probe allegations of sabotage to the supply...

Nigeria Spends N2tn Monthly on Fuel Imports - Tinubu President Bola Tinubu during his recent nationwide broadcast to Nigerians disclosed that the country spends N2tn monthly to import petrol and diesel. The President said, despite Nigeria’s abundant oil and gas resources, his administration met a country...

Rating: GCR Affirms Dangote Industries Limited AA+(NG)/ A1+(NG) · Strong earnings prospects from the new refinery GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG) respectively accorded to Dangote Industries Limited (DIL). GCR in its recent report also...

Fuel Queues to Clear as Depots Resume Loading The queues at filling stations for Premium Motor Spirit, popularly called petrol, may subside this week as PMS loading has resumed in Lagos depots. Our correspondent reported on Saturday that the depot owners decided not to open for...