•Projects 40,000boepd output, 50 new electric buses rollout in 2025 Oando Plc, Nigeria’s foremost indigenous energy company listed on the Nigerian Exchange Limited and the Johannesburg Stock Exchange,...
The event provided a platform for the FIRS to sensitise the stakeholders, exposing them to the features and benefits of the system. The FIRS said the e-invoicing system is a reporting tool meant to st...
The demand was raised at the 47th Annual General Meeting (AGM) in Lagos, where a ₦40 per share dividend for 2024, totalling ₦13.58 billion, was approved—a 60% increase from ₦25 in 2023. Sunny Nwosu, l...
Last month, the 650,000 barrels per day refinery reduced the gantry price of petrol to N835 per litre from N865 per litre. According to reports, the latest adjustment is targeted at giving customers m...
A continued shortfall in crude oil supply to domestic refiners has kept the capacity utilisation of refineries at just 57.8 per cent, leaving over 42 per cent of Nigeria’s installed refining capacity ...
President of Dangote Industries Limited (DIL), Alhaji Aliko Dangote, has once again raised the alarm over the relentless opposition faced by his $20 billion oil refinery project in Lekki, Lagos a...
The Federal Government has announced a ban on the importation of oil pipelines into Nigeria. The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, stated this on Thursday during the launch of...
The Minister of Finance and coordinating minister of the Economy, Wale Edun, has said that a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) was ongoing as part of measures t...
Bashir Ojulari, the new group chief executive officer of the Nigerian National Petroleum Company Limited, has pledged to attract sectoral investments worth $30 billion and $60 billion by 2027 and 2030...
The Organisation of the Petroleum Exporting Countries on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy. A report by Reuters quoting the O...
