Business
Dangote resumes US crude purchase after three months
The Dangote Petroleum Refinery has recommenced the purchase of crude oil from the United States in its ongoing efforts to ramp up oil production...
Business
NNPCL commences sale of utapate crude to international market
The Nigerian National Petroleum Corporation Limited (NNPCL) has announced the official unveiling of its latest crude oil grade, the Utapate crude oil blend, before...
Business
NNPCL admits challenges delaying P’Harcourt refinery take-off
Barely two months after the September completion deadline flop, the Nigerian National Petroleum Commission has explained why it could not deliver the much-awaited Port...
Business
Dangote, IPMAN sign 240m litres monthly petrol deal
The Dangote Petroleum Refinery has offered to supply 60 million litres of Premium Motor Spirit, popularly called petrol, to the Independent Petroleum Marketers Association...
Business
Nigeria’s inflation rate rises to 33.88% in october
Nigeria’s headline inflation rate increased to 33.88% in October 2024, up from 32.7% in September 2024, reflecting a 1.18 percentage point month-on-month increase.
This was...
Business
Lagos-bound air peace flight experiences bird strike
A Lagos-bound flight belonging to Air Peace experienced a bird strike shortly before take-off in the early hours of Thursday in Abuja.
The bird strike...
Business
NNPCL reaches 1.8m barrels per day crude oil production
The Nigerian National Petroleum Company Limited (NNPCL) says it has reached the mark of 1.8 million barrels per day of crude oil production.
The state-owned...
Business
NNPCL executes gas sale agreement with Dangote refinery
The Nigerian National Petroleum Company Gas Marketing Limited, a subsidiary of NNPCL, has executed a Gas Sale and Purchase Agreement with the Dangote Petroleum...