Why I decided to remove subsidy on petrol – Tinubu

By Mo2n President Bola Tinubu has explained why he removed subsidy on petrol. According to Tinubu, it was a challenging decision to make, but necessary to ensure a transparent energy sector. The President stated this while speaking at the opening of the 2024 Nigeria International Energy Summit, NIES, in Abuja. Tinubu was represented by his […]

Over 80% of Nigeria’s crude oil stolen — Obasanjo

Obasanjo stated this in Abuja at the launching of a book titled, ‘Court and Politics,’ written by Dr. Umar Ardo, a former associate of the ex-Vice President, Atiku Abubakar. According to the former president, one of the reasons why Nigeria’s economy is in ruins is that while other oil-producing countries have records of their oil […]

Shell to exit oil exploration in Nigeria

  By Sandra Nwaokolo Shell has announced its withdrawal from oil exploration in Nigeria and has reached an agreement to sell its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium of five companies consisting of four exploration and production firms based in Nigeria and an international energy […]

Why I was happy when Tinubu increased petrol pump price — Buhari

By Muhammad Sabiu FORMER president, Muhammadu Buhari has said he was happy when his successor, President Bola Tinubu increased the price of petrol. There were several attempts by Buhari to remove the fuel subsidy but all failed. However, the former Nigerian leader made his feelings known at the annual dialogue of Katsina Consultative Forum (KCF) […]

Dangote Refinery to commence operations in October, gives reason for delay

Dangote Refinery to commence operations in October, gives reason for delay By Tayo Elegbede Dangote Refinery has disclosed that plans are in motion to commence operations of 370,000 Barrels per day in October 2023. The Dangote Group Executive Director, Devakumar Edwin confirmed this. Recall that while delivering his speech at the official commissioning of the […]

Refineries: How Dangote Group was chased away from Rivers State – Bobmanuel

By Ifunanya Obeme-Ndukwe The President of the Rivers Entrepreneur and Investors’ Forum, Ibifiri Bobmanuel, has revealed that the actions of the Rivers State Government and some local governments in the state were the reasons the Dangote Petroleum Refinery was moved from Rivers State to Lagos State. Bobmanuel, in an interview with DAILY POST said the […]

‘Milestone for Nigeria’: Buhari inaugurates world’s largest single-train Dangote Refinery in Lagos

President Muhammadu Buhari inaugurates the Dangote Petroleum Refinery and Petrochemicals in Lagos State on Monday, May 22, 2023. (Photo: State House) By Oluwatobi Aworinde Thanks to Dangote Petroleum Refinery and Petrochemical, expectations are sky-high that the oil-rich nation is on the verge of ending its incessant bouts of petrol scarcity and price hikes, as well […]

EU to replace Russian gas with Nigeria’s

By Maureen Okon The European Union (EU) Delegation to Nigeria and ECOWAS said that it would replace the gas from Russia with Nigerian Gas due to the invasion in Ukraine. Mr Matthew Baldwin, the Deputy Director-General Department for (Energy), European Commission in Brussels, said this at a news conference on Friday in Abuja. Baldwin will […]

Move to ban Russian oil threatens Nigeria’s fiscal stability

By Kingsley Jeremiah, Abuja • India may dump country for discounted Russian crude Nigeria may face fresh hurdles as the geo-political tension in Europe, yesterday, escalated with moves to officially ban Russian crude oil. The European Commission proposed a full ban on Russian crude oil following the continued attack on Ukraine. The proposed ban, which […]

Gunmen attack Dangote Refinery in Lagos

  One hoodlum was killed while 19 others escaped when they attacked the Dangote Refinery located in the Lekki Free Trade Zone area of Lagos State. The Lagos State Police Command made this known in a statement on Tuesday. According to Command’s Public Relations Officer, Benjamin Hundeyin, the attack occurred on Monday and police operatives […]

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