Dangote Petroleum Refinery has announced it will be deploying 4 CNG-powered tankers to boost the distribution of Premium Motor Spirit, PMS, and diesel nationwide from August 15.In a statement released on Sunday, this initiative, which begins at no extra cost to buyers, is part...

The World Bank has diverged from the earlier position of its sister institution, the International Monetary Fund (IMF), on Nigeria’s economy, marking up its growth prospect by 10 basis points (bps) compared to its January belt.Growth of the domestic economy, according to the World...

Negotiations over a landmark $5 billion oil-backed loan between Nigeria and Saudi Arabia’s Aramco have slowed, as doubts grow over Nigeria’s ability to guarantee the crude volumes needed to carry out the deal.The agreement, first initiated during President Bola Tinubu’s meeting with Crown Prince...

The president of Dangote Group and founder of Dangote Refinery, Aliko Dangote has vowed that there will be major shakedowns in Nigeria’s downstream oil and gas sector.Dangote disclosed this in an interview with journalists after President Bola Ahmed Tinubu visited his 650,000-barrel-per-day refinery in...

President of the Dangote Group, Aliko Dangote, recently informed President Bola Tinubu that his group of companies paid a whopping N450 billion in taxes to the Federal Government’s coffers in 2024, thereby making it the highest tax-paying company in Nigeria.With this significant tax payment,...

THE naira appreciated against the dollar on Tuesday, extending its positive momentum from the beginning of the week. At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the official rate closed at N1,579.28 per dollar, slightly stronger than the N1,581.58 recorded on Monday. On Monday,...