| Date | Title | Description |
| 15.09.2024 | SERAP asks Court to reverse petrol price to N600 per Litre over worsening conditions | The Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal High Court Abuja to mandate the reversal of the fuel pump price to N600 per litre.
This was disclosed in SERAP’s statement on September 15, 2024, signed by i... |
| 12.09.2024 | Local marketers buy only 3% of Dangote Refinery’s products, boycott over lower pricing | The Vice President of Dangote Industries Limited, Devakumar V.G. Edwin, has expressed frustration over the boycott of Dangote Refinery’s products by local marketers.
During an X (formerly Twitter) space hosted by Nairametrics on Wednesday, ... |
| 10.09.2024 | NLC President Joe Ajaero regains freedom after detention by DSS | Joe Ajaero, President of the Nigeria Labour Congress (NLC), has regained his freedom after being arrested by the Department of State Services (DSS) on Monday at Abuja’s Nnamdi Azikiwe International Airport while preparing to travel to the U... |
| 09.09.2024 | Court jails 17 internet fraudsters in Benin City, orders asset forfeiture | In a recent ruling, Justice Igho Braimoh of the Edo State High Court, Benin City, convicted and sentenced 17 individuals involved in internet fraud, handing them varying jail terms.
In a statement by the Economic and Financial Crimes Commis... |
| 08.09.2024 | Atiku slams proposed VAT hike to 10%, warns of worsening economic crisis | Former Vice President Atiku Abubakar has sharply criticized the federal government’s proposed increase of the Value Added Tax (VAT) rate from 7.5% to 10%, warning that the move will exacerbate Nigeria’s already dire economic situation.
In a... |
| 07.09.2024 | NNPC debunks claim of being sole off-taker from Dangote refinery, says refinery can sell to marketers | The Nigerian National Petroleum Company Limited (NNPC) has dismissed claims by the Muslim Rights Concern (MURIC) suggesting that it is the sole off-taker of petrol products from the Dangote refinery, and it is using such to undermine the re... |
| 05.09.2024 | A New Era for Nigeria's Oil Sector: The Dangote Refinery's Impact on Petrol Prices and SMEs | Nigeria stands at a crossroads. The Dangote Refinery, a colossal project with a capacity of 650,000 barrels per day, is set to change the landscape of the oil and gas sector. Its first shipment of petrol, or Premium Motor Spirit (PMS), is r... |
| 04.09.2024 | Petrol price increase could force SMEs to shut down operations – MAN | The Manufacturers Association of Nigeria (MAN) has reacted to the increase in petrol prices stating that Small and Medium Scale Enterprises would be particularly hard-hit projecting that SMEs across the country could scale down operations o... |
| 03.09.2024 | New Dawn: Dangote refinery to roll out first shipment of petrol to local market today | Dangote Refinery is set to roll out its first shipment of Premium Motor Spirit (PMS), commonly known as petrol, today, Tuesday, September 3, Nairametrics has confirmed.
The refinery, with a capacity of 650,000 barrels per day, has successfu... |
| 22.08.2024 | The Shifting Sands of Global Oil Demand and Infrastructure Development | The global oil landscape is shifting. Recent reports indicate a significant decline in diesel demand from China, the world's second-largest economy. This drop, measured at 11% year-over-year in June, signals a seismic shift in energy consum... |
| 22.08.2024 | Oil Minister disputes OPEC data, insists Nigeria’s crude oil production is 1.7 million barrels daily | The State Minister of Oil, Heineken Lokpobiri, has insisted that the country is producing 1.7 million barrels of crude oil daily including condensates.
Lokpobiri made this disclosure during a keynote speech at an energy summit on Wednesday ... |
| 22.08.2024 | Naira sends mixed signals as Dollar shows some strength | The naira displayed mixed signals against the dollar in Nigerian FX markets on Thursday.
The greenback rose from seven-month lows amid some bargain hunting, though dollar gains were capped by expectations of interest rate cuts.
The naira ga... |
| 21.08.2024 | NNPC reports N246 trillion in total assets, surpassing Nigeria’s GDP | Nigeria’s state oil company, NNPC Limited, has released its 2023 full-year audited results, showing a profit after tax of N3.29 trillion.
This represents a significant increase from the N2.5 trillion profit reported in 2022, marking a 31.6%... |
| 19.08.2024 | Naira Transactions: A New Dawn for Nigeria's Oil and Consumer Markets | The Nigerian economy is at a crossroads. The government’s recent decision to sell crude oil to the Dangote Refinery in naira marks a significant shift. Starting October 1, 2024, this initiative aims to stabilize fuel prices and strengthen t... |
| 19.08.2024 | FG to begin sales of crude oil to Dangote refinery in Naira from October 1 – Wale Edun | The Federal Government has announced that sales of crude oil to the Dangote Refinery in naira will begin on October 1, 2024.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this known during a meeting with ... |
| 07.08.2024 | Nigeria's Oil Dilemma: Billions Spent, Little to Show | Nigeria, a nation rich in oil, finds itself in a paradox. Billions of dollars have been poured into state-owned refineries, yet the results are disheartening. The Senate's recent scrutiny of the Port Harcourt Refinery's $1.5 billion mainten... |
| 07.08.2024 | Navigating Nigeria's Oil Crisis: A Call for Clarity and Action | Nigeria's oil industry is a tangled web of promises, challenges, and accusations. At the heart of this turmoil is the Nigerian National Petroleum Corporation (NNPC) Limited, led by Group Chief Executive Officer Mele Kyari. Recently, Kyari f... |
| 07.08.2024 | The Nigerian Oil Dilemma: A Tangle of Promises and Failures | Nigeria is a land rich in oil, yet its refineries sit idle, like ships anchored in a storm. The recent Senate hearings have cast a harsh light on the mismanagement and alleged sabotage within the Nigerian petroleum industry. At the heart of... |
| 07.08.2024 | Senate raises alarm over $1.5 billion spent on Port Harcourt refinery in 2021 with no results | The Nigeria Senate has raised concerns over the $1.5 billion approved in 2021 for the turn-around maintenance of the Port Harcourt Refinery, citing little to no results.
Senator Opeyemi Bamidele, Chairman of the Senate Ad Hoc Committee to I... |
| 07.08.2024 | We have nothing to do with importation of substandard petroleum products into Nigeria — Mele Kyari | The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Corporation (NNPC) Limited, Mr. Mele Kyari, has said the company is absolutely nothing to do with the importation of substandard petroleum products into Nigeria
The... |
| 04.08.2024 | Full Speech: President Bola Tinubu address to the Nation on August 4th 2024 | This is the full broadcast by Nigeria’s President Bola Ahmed Tinubu to Nigeria on the 4th of August 2024.
BROADCAST BY HIS EXCELLENCY BOLA AHMED TINUBU, PRESIDENT AND COMMANDER-IN-CHIEF OF THE ARMED
FORCES OF THE FEDERAL REPUBLIC OF NIGERIA... |
| 02.08.2024 | Lawmakers ask Nigerians and oil companies to propose solutions for combating ‘adulterated fuel influx’ in Nigeria | The House of Representatives’ Joint Committee on Petroleum Resources (Midstream and Downstream) has asked Nigerian stakeholders and oil companies to submit proposals highlighting how to address the influx of adulterated fuel products into N... |
| 31.07.2024 | Navigating Nigeria's Economic Crossroads: The Diaspora Voting Bill and Import Trends | Nigeria stands at a crossroads. On one side, the promise of political empowerment for its diaspora. On the other, the harsh realities of economic dependency and rising import costs. The recent announcement regarding the Diaspora Voting Bill... |
| 29.07.2024 | Concerning trends in Nigeria’s recent imports | As Nigerians contend with the fallout from fuel subsidy removals, rising food prices, and a weakening naira, the conversation has expanded beyond the immediate challenges of everyday expenses like bread and transportation. In the last year,... |
| 24.07.2024 | Dangote explores cement, fertiliser investments in Gabon amid row with Nigerian authorities | Africa’s richest man, Alhaji Aliko Dangote has travelled to Gabon to honour the invitation of the country’s President to explore investment opportunities in cement and fertiliser manufacturing.
This is coming on the heels of the billionaire... |
| 23.07.2024 | These countries are championing EV and CNG usage in Africa | A few weeks ago, Nigeria announced the simultaneous commissioning of 12 CNG stations in Abuja and Lagos. The 12 CNG stations are part of a broader effort by the Nigerian National Petroleum Corporation (NNPC), which has been actively deployi... |
| 21.07.2024 | Dangote says firm will drop plan to invest in Nigeria’s steel industry to avoid monopoly allegations | The President and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote, has announced that the company will abandon its plans to enter Nigeria’s steel industry to avoid being branded a monopoly.
Dangote made this disclosure in a st... |
| 20.07.2024 | India's Coal Sector: Fueling Growth and Opportunity | India's coal sector is on the brink of expansion, with new mine agreements set to create over 40,000 jobs and boost the country's energy security. These agreements signal a shift towards self-sufficiency and economic growth, reducing relian... |
| 16.07.2024 | Tata Group to keep Air India's top management post Vistara merger
Rajasthan government starts exploring coal bed methane reserves
TotalEnergies sells $860M Nigerian oil and gas stake to Chappal Energi... | AVIATION & AIRPORTS Tata Group to keep Air India's top management post Vistara merger
16 Jul 2024 3 Min Read CW Team
The Tata Group is committed to maintaining continuity at the top management level of Air India following its merger wit... |
| 16.07.2024 | India's Coal Sector to Expand
Rajasthan government starts exploring coal bed methane reserves
TotalEnergies sells $860M Nigerian oil and gas stake to Chappal Energies
DLF chairman now richest real est... | COAL & MINING India's Coal Sector to Expand
16 Jul 2024 3 Min Read CW Team
India's coal sector is set for a significant expansion with the signing of new mine agreements expected to create approximately 40,560 jobs. These agreements mar... |
| 16.07.2024 | China's New Home Prices Decline by 4.5% in June 2024
Rajasthan government starts exploring coal bed methane reserves
TotalEnergies sells $860M Nigerian oil and gas stake to Chappal Energies
DLF chairm... | Real Estate China's New Home Prices Decline by 4.5% in June 2024
16 Jul 2024 2 Min Read CW Team
In June 2024, China's real estate sector faced significant turbulence as new home prices dropped sharply by 4.5%. This decline marks a pronounce... |
| 16.07.2024 | Adani Power, NTPC, JSW Energy Compete for Sinnar Thermal Project
Rajasthan government starts exploring coal bed methane reserves
TotalEnergies sells $860M Nigerian oil and gas stake to Chappal Energie... | POWER & RENEWABLE ENERGY Adani Power, NTPC, JSW Energy Compete for Sinnar Thermal Project
16 Jul 2024 3 Min Read CW Team
Some of India's largest power producers, including Adani Power, JSW Energy, Jindal Power, Vedanta Group, Torrent Po... |
| 15.07.2024 | Magesh S is the new Director of Sales at Putzmeister Concrete Machines
Rajasthan government starts exploring coal bed methane reserves
TotalEnergies sells $860M Nigerian oil and gas stake to Chappal E... | Equipment Magesh S is the new Director of Sales at Putzmeister Concrete Machines
15 Jul 2024 2 Min Read CW Team
Putzmeister Concrete Machines has appointed Magesh Swaminathan as Director Sales effective July 2024. In a career spanning 28 ye... |
| 11.07.2024 | “All’s Fair in Love”: Deyemi Okanlawon exceeds Box office prediction by 118% | On February 14, 2024, Nollywood’s romantic comedy All’s Fair in Love premiered in cinemas, amassing an impressive N7.6 million in ticket sales on its opening day.
Despite the genre’s relatively modest popularity, the film continued to attra... |
| 23.06.2024 | Dangote accuses IOCs of crude oil price manipulation, claims firms sabotaging refinery | Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), has accused International Oil Companies (IOCs) in Nigeria of actively trying to undermine the Dangote Oil Refinery and Petrochemicals.
Edwin made this d... |
| 04.06.2024 | Opec oil output increases in May, led by Nigeria, Iraq, survey shows | - |
| 20.05.2024 | Weekly Economic Index: Flutterwave loses ₦11 billion to security breach, the CBN approves 14 new IMTOs, and oil and gas stocks decline by 6.5% in NGX | Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week: Fintech Giant Flutterwave Hit by Alleged ₦11 Billion Security Breach
Last week, Nigerian fintech leader Flu... |
| 09.09.2021 | NNPC posts profit growth in 2020 despite 20% decline in topline | --> -->
The Nigerian National Petroleum Corporation (NNPC) posted a profit after tax of N287.23 billion in 2020, representing a significant growth compared to a loss of N1.76 billion recorded in the previous year.
This is contained in... |
| 08.01.2013 | Nigerian State Oil Firm NNPC Takes On $1.5 Billion Loan | Nigerian state oil firm NNPC has been loaned $1.5 billion in order to pay off its debts to international fuel traders, easing the burden on commodity traders and reducing the possibility of Nigeria defaulting on loans.
The deal is crucial t... |
| - | Nigerian National Petroleum Corporation (NNPC) | “NNPC LTD | Home” |
| - | BREAKING: NNPC secures $3 billion emergency crude repayment facility to boost naira | - |
