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NNPC subsidiaries drown in ₦30.3tn debt, only 8 out of 32 are debt free

NNPC Limited, Africa’s largest state-owned oil firm, is facing an internal financial reckoning. According to its 2024 audited financial statements released on January...

Oil and Gas

Dangote Refinery assures Nigeria of steady daily supply of petroleum products

Dangote Petroleum Refinery has announced that it now produces 45 million litres of Premium Motor Spirit (PMS) and 25 million litres of diesel...

Oil and Gas

JUST IN: Fuel prices to rise as President Tinubu approves 15% import duty on petrol and diesel

‎President Bola Ahmed Tinubu has approved a 15 percent import duty on petrol and diesel, a move expected to increase fuel prices across...

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Customs intercepts 120,000 litres of diverted petrol in Sokoto

The Nigeria Customs Service (NCS), under the special enforcement Operation Whirlwind, has intercepted two trucks carrying a combined total of 120,000 litres of...

Oil and Gas

Dangote Refinery restructures staff over sabotage claims, rejects mass layoff rumors

Dangote Petroleum Refinery and Petrochemicals has launched a reshuffle of its staff and operations after multiple sabotage incidents threatened safety at the 650,000...