The Dangote Refinery and Petrochemical is set to begin fuel exports to South Africa, Angola, and Namibia, Saturday PUNCH can confirm. A highly credible source, who confirmed this exclusively to one of our correspondents on Friday, said the management of the ...

By Williams Anuku President Bola Tinubu on Monday, took a cursory assessment of his administration in the last 17 months, saying he has been able to ramp up funds to reduce the debt servicing burden of the ...

By Francis Ugwu Dangote Refinery has alleged that an international trading company recently acquired a depot for blending and selling substandard products in Nigeria. “At the same time, an international trading company ...

Oil marketers, on Friday, revealed that the price of Premium Motor Spirit, popularly called petrol, produced by the Dangote Petroleum Refinery was between N1,015 and N1,028/litre depending on the quantity being purchased. Based on this, the dealers vowed to import ...

By Francis Ugwu The Independent Petroleum Marketers Association of Nigeria, IPMAN, on Friday said that the price of fuel from Dangote Refinery, as of last week, was higher than the price of the product from other sources. ...

By Ogaga Ariemu Nigeria’s petrol marketers have decried challenges faced in purchasing Dangote Refinery’s Premium Motor Spirit (Petrol) amid a fuel price hike. Abubakar Maigandi ...

The price of a bag (50 kg) local rice rose year-on-year, YoY, by 152.9 percent to N95,738 in September 2024 from N37,853 in September 2023. Data from the National Bureau of Statistics, NBS, ‘Selected Food Price Watch’ for September 2024 showed that ...

The Federal Government on yesterday banned the export of Liquefied Petroleum Gas (cooking gas) produced in country as prices continue to spike. 'My songs will make you buy bedsheets'- Ironha, who took hawking when fire razed his Yaba shop The ...

By Ifreke Inyang Nigerian business mogul, Aliko Dangote, remains the richest man in Africa. Dangote is also ranked the 65th richest man in the world. Bloomberg, in its latest Top 500 Billionaires Index released on ...

By Ogaga Ariemu Nigeria’s oil marketers have said that the Nigerian National Petroleum Company Limited is still the sole-off-taker of Dangote Refinery Petrol. Zonal Chairman, South-West of the Independent Petroleum Marketers ...

Adedeji Adeleke, the father of the award-winning superstar, David, popularly called Davido, has revealed what he went through securing the environmental permit for his power plant worth over $2 billion. The billionaire industrialist disclosed this while speaking as a ...

The World Bank says that Nigeria must sustain its current economic reforms over the next 10 to 15 years to position itself as a leading global economic power, not only in sub-Saharan Africa but worldwide. According to the bank, these reforms are vital for ensuring ...

By Ogaga Ariemu Nigeria’s oil marketers have said the director general of the Department of State Services, Adeola Ajayi has intervened in its complaints about the high price of Premium Motor Spirit(Petrol) by the Nigerian National ...

The Independent Petroleum Marketers Association of Nigeria is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalise agreements on the cost and lifting of petrol from the plant. It was learnt on Sunday that the Petroleum Retail Outlet ...

Amid feedstock challenges, the Dangote Group, owners of the Dangote Petroleum Refinery, will commence crude oil production in the first quarter of next year. A senior official of the $20bn Lekki-based refinery confirmed this on Saturday while reacting to an earlier ...

By Ochogwu Sunday The Nigerian National Petroleum Company Limited, NNPCL, has again jerked up the pump price of the Premium Motor Spirit, PMS, also known as petrol to N1,030 per litre. The development was observed by our ...

By Ogaga Ariemu   The Dangote 650,000 barrels per day Lagos-based refinery has ignored oil marketers’ call on direct lifting of its Premium Motor Spirit (petrol). The President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi and the President of the ...

By Ogaga Ariemu The Nigerian National Petroleum Company Limited, NNPCL, has reportedly quit its role as the sole buyer of Dangote Refinery’s Premium Motor Spirit (petrol). This is according to a ...

By Ogaga Ariemu The Minister of Finance, Wale Edun, has announced that the Nigerian government has begun the Naira-for-crude sale deal with Dangote Refinery from October 1, 2024. The minister disclosed this in a statement released on ...

By Akanni Dorcas Starting a home-based business in Nigeria is a fantastic way to earn extra income, whether you’re a student, stay-at-home parent, or just looking for a side hustle. With the right products, you can tap into local demand and create a profitable venture ...

By Ogaga Ariemu More problems loom for Nigerians as Nigerian oil marketers have hinted that there may be a fresh Premium Motor Spirit (Petrol) price hike amid escalating tensions between Israel, Iran and other parties. ...

  Oil marketers have said that the Nigerian National Petroleum Company Limited portal used to purchase petrol has been shut against dealers, making it impossible for them to apply for the commodity purchase. They said marketers are still awaiting over 90 million ...

Determined to arrest the spate of divestments in the nation’s oil and gas sector, the Federal Government (FG) has announced a new fiscal regime with a wide range of tax exemptions in the industry. The Minister of Finance and Coordinating Minister of the Economy, ...

The various changes in government policies have continued to tell on Nigerians especially the recent increase in fuel pump prices across the country. This year alone, the Nigerian National Petroleum Company Limited has adjusted petrol pump prices upwards twice ...

By Ogaga Ariemu Petroleum marketers in Nigeria say they are standing in limbo over the controversy surrounding Dangote Refinery Premium Motor Spirit (petrol) pricing as released by the Nigerian National Petroleum Company Limited on Monday. ...

By Ogaga Ariemu The Nigerian National Petroleum Company Limited says it stands by its earlier disclosure that Dangote Refinery Petrol is sold to them at N897 per liter. NNPCL spokesperson, Olufemi Soneye disclosed this exclusively to DAILY ...

By Ifreke Inyang  Dangote Refinery has hit out at the Nigerian National Petroleum Company Limited (NNPCL) for claiming they bought fuel from them at N898 per litre. A statement made available to DAILY POST on Sunday and signed by Anthony ...

By Ogaga Ariemu The Dangote Refinery has announced that the first set of trucks is set to load Premium Motor Spirit (petrol) at the facility. Dangote Group disclosed this in a video posted on its official X account on Sunday. “HAPPENING NOW: ...

Hopes for cheaper Premium Motor Spirit (PM), otherwise known as petrol, rose, last night, as indications emerged that the product may sell for between N857 and N865 per litre after the Nigerian National Petroleum Corporation Limited (NNPCL) starts lifting the product from Dangote Refinery ...

By Seun Opejobi The Presidential Committee on the Sale of crude oil and Refined Product has announced the date for loading of petroleum products from Dangote Refinery. A member of the committee and Chairman of ...

By Ogaga Ariemu The Central Bank of Nigeria has mandated all Payment Service Providers to route all transactions from point-of-sale terminals at merchant and agent locations, physical or electronic through an authorized Payment Terminal Service ...

By Francis Ugwu President Bola Tinubu has expressed confidence in the reforms introduced by his administration, stating that they will create a more robust economy and usher in a new era of prosperity for Nigerians. The president noted that the ...

By Ogaga Ariemu Dangote Refinery has said that it will be forced to export 95-97 percent of its Premium Motor Spirit (petrol) because of low patronage by marketers in Nigeria. This is as the 650,000 barrels per day indigenous oil firm revealed ...

By John Owen Nwachukwu Devakumar V.G. Edwin, Vice President (Oil & Gas) of Dangote Group, has revealed that the Nigerian National Petroleum Company Limited, NNPCL, has requested a permanent presence at the Dangote Refinery as part of the ...

The National Agency for Food and Drug Administration and Control has ordered the recall of Dove Beauty Cream Bar Soap (100g) with batch number 81832M 08, produced in Germany, due to the presence of a chemical impurity. NAFDAC said the product violates the Cosmetic ...

By Ogaga Ariemu The Naira raced to N2,000 per dollar at the black market on Saturday despite the Central Bank of Nigeria’s sale of dollars to the Bureau De Change operators. A BDC operator, Dayyabu Ashiru ...

By Ogaga Ariemu There are more burdens on Nigerians as Moniepoint, Opay and other Fintech banks and financial services have imposed fresh N50 charges known as Electronic Transfer Levy, EMTL, on customers. DAILY POST gathered that customers of ...

Following the recent increase in the pump price of petrol and the prevailing food supply challenges gripping the country, economists have warned that the number of Nigerians below the poverty line may soon exceed the 104 million projected by the World Bank in 2023. ...

By Ogaga Ariemu The Corporate Affairs Commission has said it will work with law enforcement agencies and other legal means to shut down recalcitrant Sales Operators who fail to register their businesses ...

By Williams Anuku Microsoft Founder and philanthropist, Bill Gates on Wednesday in Abuja revealed plans to inject at least $2.8 billion into the country’s healthcare, nutrition, and agricultural sectors to reflate it. While speaking on his ...

By John Owen Nwachukwu The Dangote Petroleum Refinery has vowed to ship its petroleum products to other countries if the Nigerian National Petroleum Company Limited, NNPCL and other oil marketers in the country fail to patronise it. The Vice ...

 By Ogaga Ariemu The Nigerian National Petroleum Company Limited, NNPC Limited has unveiled plans to hand over the operation and maintenance of Warri and Kaduna refineries to a private firm. The oil company announced this on Friday on its official ...

By Seun Opejobi AbdulSamad Rabiu, the Chairman of BUA Cement, has said the intention of his company to sell cement at N3,500 in 2023 was frustrated by the actions of cement dealers. Rabiu said BUA sold over a million tons of cement ...

By Ogaga Ariemu There are indications that the 650,000 barrels per day Dangote Petroleum Refinery has commenced a production test-run of Premium Motor Spirit (petrol) before it is released in September. This is according to a recent report by ...

By Ogaga Ariemu The Nigerian National Petroleum Company Limited has announced September 2024 as a new date for the commercial commencement of Port Harcourt Refinery. The Chief Financial Officer of NNPCL, Umar Ajiya disclosed this on Monday while speaking with journalists in Abuja. ...

By Ogaga Ariemu Nigeria’s latest inflation report which recorded a decline in July 2024 is generating mixed reactions. This is as Nigerians have decried that the figure does not reflect everyday market realities. Recall that on Thursday last week, the National Bureau of Statistics ...

By Francis Ugwu The Nigerian National Petroleum Company Limited (NNPC Ltd.) has declared a N3.3 trillion profit for the 2023 financial year. Chief Financial Officer of NNPC Ltd, Umar Ajiya who addressed newsmen on Monday on the development, said this was the highest profit declared by the company ...

By Ogaga Ariemu Nigeria’s oil marketers have reignited hope that the Port Harcourt Refinery would commence commercial production in the coming weeks. The national president of the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry disclosed this in an exclusive ...

As businesses increasingly rely on a complex web of vendors—on average, partnering with 11 third-party providers—the potential gateway for cybercriminals increases. This interconnectedness means that even the most robust internal cybersecurity measures can be easily bypassed if a third-party vendor ...

By Ogaga Ariemu Uncertainties hit global crude oil prices as WTI crude and Brent Crude fluctuated around $73.44 and $76.73 per barrel, respectively, on Wednesday morning amid tension in the Middle East. This is according to oilprice.com data on Wednesday as of 9:00 am Nigerian time. The ...