Business
Dangote: We Have Enough Petrol In Stock To Meet In-country Supply
Over the weekend, Aliko Dangote, the president of Dangote Industries Limited (DIL), disclosed that his firm, the Dangote Petroleum Refinery, had more than N600 billion worth of Premium Motor Spirit (PMS), often known as gasoline, in storage to efficiently and adequately service Nigeria’s domestic demands. The wealthiest person in Africa disputes the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) assertion from last week that just 50% of the oil can be obtained locally from nearby refineries. Although Dangote has consistently claimed that this is incorrect, the Authority insisted that it has continued to provide import licenses to oil marketersRead More
TCN Explains Nationwide Load Shedding, Blames Gencos For Worsening Power Supply
The Transmission Company of Nigeria (TCN) yesterday attempted to explain the worsening nationwide power supply, stating that the Generation Companies (Gencos) were not generating enough electricity to be transmitted byRead More
NCDMB: Afreximbank Invested Over $42bn In African Enterprises In Five Years
Africa must address funding, technology, other limitations to achieve energy security, says Sylva The Nigerian Content Development and Monitoring Board (NCDMB) yesterday disclosed that the African Export-Import Bank (Afreximbank) hadRead More
NEITI: Companies Owed FG N1.32trn In 2020, Oil Revenue Dipped By 40%
$394bn remitted to government in 10 years, 4% of Nigeria’s gas production unaccounted for The Nigeria Extractives Industries Transparency Initiative (NEITI) yesterday revealed that oil companies’ liabilities to the federationRead More
