Petrol Production Test-Run Begins at Dangote Refinery – Report A report by Reuters stated that the Dangote Petroleum Refinery is undergoing test runs for petrol production, with full operation expected to commence by mid-September. Citing a note by IIR Energy, an oil industry monitor, the publication...

Tinubu, Edun have no Stake in OVH Acquisition – NNPC The Nigerian National Petroleum Company Limited (NNPCL) says neither President Bola Tinubu nor Mr Wale Tinubu of Oando Plc has an interest in the acquisition of OVH by NNPC. NNPC, in a statement by its spokesperson,...

Dangote Refinery, Tinubu Panel Agree On Sept Petrol Rollout   The Federal Government’s committee which was set up to ensure the implementation of crude oil sales to local refineries in naira has reached an agreement with the Dangote Petroleum Refinery for the rollout of Premium Motor...

FG Opens Offer For $500m Domestic Bond, Bars Cash Payment   The Federal Government, through the Debt Management Office, has opened offers for its dollar-denominated domestic bond of $500m. It was issued at an interest rate of 9.75 per cent per annum for a tenor of five...

FG to Commence Crude Oil Sale to Dangote, Others October The federal government says the sale of crude oil to the Dangote refinery in naira will commence on October 1. The ministry of finance, in a statement on Monday, said the decision was made at a...

CBN Reveals $343m Decline in External Reserves Nigeria’s foreign exchange reserves dipped by $342.97m to $36.53bn in nine days, data from the Central Bank of Nigeria on Sunday showed. The decline in the country’s foreign exchange reserves comes amid the recent sale of $876.26m to meet...