Online News Magazine
Online News Magazine
The Nigeria National Petroleum Company Limited, (NNPCL) has tackled former Vice President, Alhaji Atiku Abubakar, over allegation, accusing President Bola Tinubu of mortgaging Nigeria’s future to family and friends, and hijacking the NNPC to cabals around him. Atiku, the presidential candidate of the Peoples Democratic Party (PDP) in the 2023 Presidential election, said the President […]
President Bola Tinubu through the Federal Executive Council (FEC) on Monday gave approval for the Nigerian National Petroleum Company Limited (NNPCL) to immediately commence the sale of crude oil in Naira directly to the Dangote Refinery. Special Adviser to the President on Revenue, Dr. Zach Adedeji told State House correspondents after the FEC meeting that […]
For a successful fight against oil theft, TANTITA Security Services Nigeria Limited has advocated for a wider collaboration that will involve relevant agencies, oil producing communities and the use of advanced technology in fighting oil theft in Nigeria. This was TANTITA’s presentation at the House of Representatives Special Committee on Crude Oil Theft public hearing […]
… Says refinery enjoys repeated patronage from Europe Singapore President of Dangote Group, Dr. Aliko Dangote, had over the weekend enjoined the House of Representatives to investigate the wild allegations of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) against the Dangote Petroleum Refinery, as he claimed that the refinery has continued to receive […]
The President of Dangote Group, Dr. Aliko Dangote, has declared that the Nigerian National Petroleum Corporation (NNPC) Limited no longer owns a 20 per cent stake in Dangote Refinery because it failed to meet up with its financial obligations. Disclosing this during a press briefing at the refinery on Sunday, the business mogul explained that […]
The Nigeria National Petroleum Corporation (NNPC) Limited has explained that disruptions in movement of petroleum products caused by thunderstorms and other weather-related issues caused the recent scarcity and hike in fuel price observed in Abuja. The Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, in a statement in Abuja on Monday, described this as the […]
Respite for Nigeria and her citizenry as Africa’s richest man and Chairman of Dangote Group, Dr. Aliko Dangote gave the assurance that following laid down plans of the Dangote Refinery, Nigeria as a nation will have no need to import gasoline from next month of June, 2024. Dangote, who spoke at Africa CEO Forum Annual […]
Russia has been quietly shipping refined petroleum to North Korea at levels that appear to violate the mandates of the United Nations Security Council, a U.S. official said on Thursday, adding the U.S. is planning new sanctions in response. The disclosure came on the first day after a U.N. panel of experts monitoring enforcement of […]
MRS Oil Plc has brought down the price of Automotive Gas Oil (AGO), commonly known as diesel, to ₦1,050 per litre across its outlets nationwide. The announcement was sequel to a recent price reduction by the Dangote Petroleum Refinery, signalling a potential trend in the oil marketing sector. MRS disclosed this change in a flier […]
Despite restrictions, the Russian crude trade is expected to continue at discounted prices, benefiting the crude tanker market for vessels not subject to sanctions, according to maritime consultancy firm Drewry. Western nations, led by the U.S., have been escalating trade restrictions and sanctions on Russia’s crude oil trade as part of a concerted effort to […]
