Business

Petroleum Saga: Marketers Tackle Dangote in Court, Allege Planned Monopoly Recipe for Disaster

Three oil marketers have argued that Dangote refinery’s alleged monopoly is a recipe for disaster that could harm Nigeria's economy

3 weeks ago

NCDMB Advocates Annual ‘Final Investment Decision Week’ to Meet Oil Production Growth Target

NCDMB has proposed an annual FID week to fast-track oil and gas projects and increase Nigeria’s crude oil production.

3 weeks ago

Chevron Reveals Plan to Embark on Drilling Revival in Nigeria, Angola

Chevron has revealed plans to expand exploration acreage in Nigeria and Angola, to revive production despite years of decline in…

3 weeks ago

Vitol, Trafigura Lead Buyers as Nigeria’s Dangote Refinery Ramps Up Output

Vitol, Trafigura, and BP have become key fuel buyers from Dangote refinery, significantly impacting petroleum trading dynamics across Africa.

3 weeks ago

Pinnacle Oil & Gas Explains Deal with Dangote Refinery for Use of Lekki Terminal

Pinnacle Oil has refuted Dangote Refinery's claims that it deceitfully sought to blend its imported products with Dangote’s high-quality products.

3 weeks ago

Bitcoin Soars to New Heights Amid Trump’s Electoral Win

Bitcoin surged to a record high as Trump's election win fuels optimism for cryptocurrencies, rising nearly 8% in early trading.

3 weeks ago

Iran’s Currency Hits Record Low as Trump Nears Presidential Comeback

Iran's currency hits record low as Trump nears presidential comeback, signalling worsening economic challenges for Tehran.

3 weeks ago

Dangote Refinery: Deregulation Not Licence to Blend Off-spec Products

Dangote Refinery has rejected Pinnacle Oil's justification for importing off-spec petroleum products, stressing national interests must not be undermined.

3 weeks ago

Senate to FG: Initiate Policies to Protect Local Miners’ Operations

The Senate urged the federal government to protect local miners, promoting policies to support their businesses amidst rising foreign competition.

3 weeks ago

NNPC Calls For Greater Collaboration, Transparency In Global Decarbonisation Efforts

NNPC has called for collaboration and transparency in global decarbonisation, highlighting Africa’s challenge of reducing emissions while tackling energy poverty.

3 weeks ago