The Nigerian National Petroleum Company Limited (NNPCL) has denied reports that it intends to become Dangote refinery’s sole distributor. NNPC stated that refineries could sell directly to marketers. Reacting to an allegations by the Muslim Rights Concern (MURIC), accusing it of undermining the Dangote refinery and monopolising its products, NNPC issued a statement on Saturday […]
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The Nigerian National Petroleum Company Limited (NNPCL) is seeking to engage reputable and credible operations and maintenance (O&M) companies to operate and maintain Warri and Kaduna refineries. The refineries are the Warri Refining and Petrochemical Company (WRPC) and the Kaduna Refining and Petrochemical Company (KRPC). “The O&M tender for WRPC and KRPC will be treated as […]
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Nigeria’s Minister of State for Petroleum Resources, Heineken Lokpobiri has said the twin problem of petrol smuggling and vandalism is caused by the products subsidy and corroded pipelines. Lokpobiri made this known at the just-concluded Energy and Labour Summit 2024 organised by Petroleum and Natural Gas Senior Staff Association of Nigeria in Abuja. According to […]
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A Chinese firm, Zhongshang Fucheng Industrial Investment Ltd., has finalised the repossession of a luxury jet owned by Nigeria in Canada. Peoples Gazette reports that Zhongshang recently received a change of custodian paperwork for the Bombardier 6000 type BD-700-1A10 aircraft from Canadian authorities in Montreal after a Canadian court issued a judgement that empowered the […]
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The Nigerian National Petroleum Company Limited (NNPC Ltd.), is insisting it has not paid fuel subsidy to anybody in the last nine years. Chief Financial Officer of the company, Alhaji Umar Ajiya made the clarifications on Monday in Abuja. Ajiya said the NNPC Ltd. was only taking care of Premium Motor Spirit (PMS) importation shortfalls […]
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The comptroller general (CG) of the Nigeria Customs Service (NCS), Bashir Adeniyi, has said the duty waiver on imported foods would be implemented within the next one week. Adeniyi made this known while speaking during during a news conference by the heads of security agencies and service chiefs, convened by Christopher Musa, the chief of defence […]
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Former President of Nigeria, Chief Olusegun Obasanjo has said that those benefiting from the lucrative business of fuel importation are going to make every effort to frustrate the Dangote Petroleum Refinery. The former president stated this in an interview with Financial Times in the wake of allegations by the President of the Dangote Group, Alhaji […]
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Nigeria’s Minister for State, Petroleum Resources (Oil), Heineken Lokpobiri, on Monday convened a high-level meeting with top executives from Dangote Group, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian National Petroleum Company Limited (NNPC Ltd) to address the ongoing issues surrounding the Dangote Refinery. […]
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Guaranty Trust Holding Company plc (“GTCO PLC” or the “Issuer”) (NGX: GTCO) has announced the opening of its Offer for Subscription of 9,000,000,000 Ordinary Shares of 50 kobo each at N44.50 per Ordinary Share (the “Offer”) following the clearance of the Offer Prospectus and registration of the Offer Shares by the Securities and Exchange Commission, […]
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Alhaji Aliko Dangote, Chairman of the Dangote Group, has expressed concern over the decision of the Central Bank of Nigeria, CBN, to raise the interest rate to nearly 30 per cent. Speaking at a summit hosted by the Manufacturers Association of Nigeria (MAN), on Tuesday at the State House in Abuja, the business mogul made […]
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