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Dangote: We Have Enough Petrol In Stock To Meet In-country Supply

President of Dangote Group, Alhaji Aliko Dangote
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

Access Bank Moves To Claim Late Sonny Odogwu’s Properties Over N50bn Debt

Access Bank
Access Bank Plc last week commenced the process of recovering the outstanding sums due it from a total of over N50 billion judgment debt in its favour against the lateRead More

FG to Release List Of Real Owners Of Nigeria’s Oil, Gas Assets In January

The Executive Secretary of NEITI, Dr. Ogbonnaya Orji
The federal government will next month make public the real owners of oil, gas and mining assets in the country through a National Beneficial Ownership (NBO) register. The data toRead More

Enugu Moves Against Unauthorised Location Of Gas Plants

Governor Ifeanyi Ugwuanyi
The administration of Governor Ifeanyi Ugwuanyi of Enugu State through the State Fire Service has frowned at the spate of unauthorised and indiscriminate location of Liquefied Petroleum Gas (LPG)/cooking gasRead More

NNPC’s Monthly Deductions From FAAC Hit N200bn In December

Nigerian National Petroleum Corporation (NNPC)
Nine-month petrol subsidy payments gulp N1.027tn FG vows to tackle cooking gas price hike Says PIA will boost per capita consumption of the product The Nigerian National Petroleum Corporation (NNPC)Read More

Buhari: Nigeria Is Africa’s Most Viable Investment Destination

President Muhammadu Buhari in Dubai
Investors commit N412bn to 35 Nigerian startups in 10 months President Muhammadu Buhari has declared that Nigeria remains the most viable and attractive investment destination in Africa. Buhari also saidRead More

Akeredolu Inaugurates Johnvent’s N3bn Cocoa Factory, Firm Laments Rising Costs

Governor Rotimi Akeredolu of Ondo State
An agro-allied company, Johnvent Industries Nigeria Limited said it has invested the sum of N3 billion to boost cocoa business in Ondo State and Nigeria as a whole. Flavision learntRead More

COP 26: Obaseki Engages World Leaders On Palm Oil Production

Edo State Governor, Godwin Obaseki
Edo State Governor, Mr. Godwin Obaseki, has reiterated his administration’s focus on integrating palm oil production with forest management. He noted that he would use integrated Land Use planning toRead More

NDIC To Adopt Risk-based Approach In Determining Banks’ Premium

Nigeria Deposit Insurance Corporation (NDIC)
Says in event of banks’ failure, 97% depositors would be covered The Nigeria Deposit Insurance Corporation (NDIC) said it was reviewing its approach for determining the premium by banks toRead More

Aiteo Mobilises Massive Equipment To Halt Bayelsa Gas Leak

Aiteo
After days of waiting, Aiteo Eastern Exploration Company (AEEPCO) yesterday succeeded in mobilising heavy equipment to the site of the Santa Barbara wellhead leak in Nembe, Bayelsa state, in whatRead More

W’Bank: FG, States Won’t Be Able To Pay Salaries In 2022 If Fuel Subsidy Is Retained

World Bank
Kyari: NNPC may start invoicing the federation to maintain subsidy Finance Minister reveals plan to introduce transport grant for vulnerable Nigerians El-Rufai: Despite oil prices rising globally, there is noRead More