Nigeria’s Capital Importation Declines by 22% in Q2 2024
Gloria According to the National Bureau of Statistics (NBS), Nigeria's capital importation experienced a significant decline of 22.85% in…
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Fuel Prices Increased by NNPCL to N1,030 in Abuja and N998 in Lagos
The Nigerian National Petroleum Corporation Limited (NNPCL) has raised the pump price of fuel significantly, with the new…
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South Korean Investors to Build Four Refineries in Nigeria – FG
The Federal Government of Nigeria announced that a consortium of South Korean investors is planning to construct four…
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Major Marketers to Begin Direct Purchase of Petrol from Dangote Refinery as NNPC Withdraws as Sole Off-taker
Major oil marketers in Nigeria are set to begin purchasing petrol directly from the Dangote Petroleum Refinery as…
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Nigeria and Brazil Move Toward Direct Flight Services
The Minister of Aviation and Aerospace Development, Festus Keyamo, has initiated talks with Brazilian Ambassador Carlos Garcete to…
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Nigerian Electricity Discos Generate ₦887 Billion in First Seven Months of 2024 Amid Tariff Hike
The revenue generated by Nigerian electricity distribution companies (Discos) surged to ₦887.86 billion in the first seven months…
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NNPC Allocates 8 Million Barrels Monthly to Settle $8.8bn Debt Amid Oil Production Struggles
The Nigerian National Petroleum Company Limited (NNPCL) has pledged 272,500 barrels per day, totaling 8.17 million barrels monthly,…
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NNPC Portal Shutdown Disrupts Petrol Supply for Marketers
Oil marketers in Nigeria have reported significant disruptions in petrol supply due to the shutdown of the Nigerian…
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Federal Government Removes VAT on Diesel and Cooking Gas to Boost Energy Sector
The Federal Government of Nigeria has announced significant tax relief measures aimed at stimulating investments in the oil…
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NNPCL Allocates 48.6 Million Barrels of Crude to Dangote Refinery in 10 Months
The Nigerian National Petroleum Company Limited (NNPCL) has allocated 48.6 million barrels of crude oil to the Dangote…
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