Nationwide excitement has greeted the revival of operations at the Port Harcourt refinery with President Bola Ahmed Tinubu, oil workers’ union, Pan-Niger Delta Forun (PANDEF), and many prominent Nigerians expressing hope of fuel availability, price reduction, and a healthy market competition at the midstream subsection of the Nigerian oil industry. Recall that the Port Harcourt…

Investigation reveals that ɓusinessman, Aliko Dangote has signed a contract with Vitoil for 5 cargoes of 38,000 metric tonnes per cargo. One of them is the CL Jane Austen tracked by bloomberg. The Dangote Refinery has altered the federal government’s petrol supply plan as it began the sale of fuel in dollars to the foreign…

The House of Representatives Committee on Narcotic Drugs, on Wednesday, raised concerns over the alarming rate of drug abuse among youths and women in the North Central region of the country. The committee called on stakeholders in the region to take urgent and proactive steps to tackle the growing menace, which they described as “a…

…Police Commissioner silent over matter Violence has erupted in Onicha Olona, an agrarian community in Aniocha North Local Government Area of Delta State, where one Mr Jerry Nkeweshe, a land grabber allegedly assaulted and killed 64-year-old man, Mr May Anwuzia, the Community town crier. Sources in the community told THEWILL that Ishiekpe Quarters Onicha Olona…

The Chartered Institute of Bankers of Nigeria and the Body of Banks CEOs in Nigeria wish to express their concern over the persistent social media criticisms targeted at Nigerian banks. It is essential to highlight the significance and contributions of the banking sector, which remains one of the most regulated and integral parts of Nigeria’s…

A litre of premium motor spirit (PMS) popularly called petrol has hit N977 at the Dangote Refinery, major supplier of the product to the Nigerian National Petroleum Company Limited (NNPCL), Platforms Africa can report authoritatively. Findings exclusively conducted by this reputable media group showed that this has led to the adjustment in pump ptice by…

Founder of Dangote Refinery, Alhaji Aliko Dangote, stirred controversy and disbelief among oil industry statistics pundits when he declared that Premium Motor Spirit (PMS) popularly known as petrol is cheaper in Nigeria than in Saudi Arabia. The billionaire, who said this in an interview with Bloomberg, claimed that the product is 40% cheaper in Nigeria…

The Chairman of Dangote Group, Aluko Dangote, has suggested that fuel prices in Nigeria should be increased to reflect current production costs. This statement comes amid ongoing debates about fuel subsidy removal and pricing dynamics in the country, saying the time is right for the federal government to stop petrol subsidy. Recall Tinubu had, on…

All is not quite well in the BusinessDay newsroom as editors are constantly under pressure to concoct one negative NNPC story after another whether based on facts or not. MoneyCentral learnt that the BusinessDay Publisher, one Mr Frank Aigbogun, instructed his Editors to go on wild Negative story fishing expeditions after his requests from the…

A socio-cultural group, Yoruba Stakeholders Assembly, has reacted to the recent misinformation surrounding the pricing of Premium Motor Spirit (PMS) in the country, commending the efforts of the Nigerian National Petroluem Company at stabilizing the price. The Group, which is committed to transparency, accountability and fostering an informed citizenry in Nigeria, noted that it is…

Concerns are beginning to mount in Nigeria’s energy sector as Dangote Refinery, the highly-anticipated facility touted as a game-changer for the country’s fuel production, has failed to meet its 25m fuel supply obligations to the Nigerian National Petroleum Company Limited (NNPC Ltd). This newspaper recalls that Dangote Refinery and Petrochemicals finally commenced lifting of its…

By Olufemi Soneye In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become fashionable to blame the national oil company, the Nigerian National Petroleum Company Ltd (NNPC Ltd), for everything. Last week, it was Prof. Pat Utomi who railed and fumed at the…

The Justice Action Alliance (JAA) has called out the Dangote Refinery to be transparent about its dealings, especially on petrol, saying that Nigerians are tired of the confusion trailing the availability and pricing of the product from the private refinery. Dangote Refinery had, on Tuesday, revealed that the Federal Executive Council would be the one…