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...

New Energy in Namibia, Ivory Coast, Others Dim Nigeria's Oil Investment - Report  In a report by African Energy Chamber, Nigeria's spot on investors' radar screens has dimmed significantly as investors attention is increasingly drawn to new and emerging developments in Namibia, Ivory Coast, Angola,...

Oil Theft: IG Appoints New Commander for Petroleum Taskforce  The Inspector General of Police, Kayode Egbetokun, has appointed Deputy Commissioner of Police, Bayonle Sulaiman, as the new Commanding Officer in charge of the Inspector-General of Police Special Task Force on Petroleum and Illegal Bunkering. Egbetokun on...

Petrol Landing Cost Rises N1,117/litre - Marketers The Major Energies Marketers Association of Nigeria on Wednesday, announced that the landing cost of Premium Motor Spirit, also known as petrol, was N1,117/litre as of Tuesday, July 16, 2024. MEMAN disclosed this during a webinar with journalists on...