Dangote Increases Refinery Capacity From 650,000 To 1.4 Million Bpd
Dangote Refinery has announced that it is increasing its production from 650,000 barrels per day to 1.4 million barrels per day. When completed, the expansion will make the…
SERAP demands NNPCL account for oil revenue, threatens legal action
The Socio-Economic Rights and Accountability Project has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, to provide a detailed account of oil…
PENGASSAN commences strike after Dangote refinery sacked workers
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has instructed its members to embark on a nationwide strike immediately over Dangote refinery’s dismissal of “over 800…
CBN reduces interest rate to 27%
The Monetary Policy Committee of the Central Bank of Nigeria has reduced the country’s interest rate to 27.00 per cent for the first time in 2025. The Governor of…
NUPENG suspends strike
The Nigerian Union of Petroleum and Natural Gas Workers has suspended its two-day strike following a meeting with the Dangote Group on Tuesday. The National President of NUPENG, Williams…
Nigerians to pay $80 duty on US shipments – NIPOST
The Nigerian Postal Service has announced that, with effect from August 29, 2025, all postal shipments from Nigeria to the United States, except letters and documents, will attract a…
Dangote refinery reduces ex-depot petrol price to N825/litres
The Dangote Petroleum Refinery has reduced the ex-depot petrol price to N825 per litre. According to sources on Monday, the refinery reduced the product’s price for oil marketers by…
Court Dismisses MultiChoice’s Suit Against FCCPC
Justice James Omotosho of the Federal High Court Abuja has dismissed a suit filed by MultiChoice Nigeria, owners of DStv and GOtv, challenging the Federal Competition and Consumer Protection…
$220m fine: Meta can’t flee from justice, says FCCPC
The Federal Competition and Consumer Protection Commission has said Meta’s exit threat from Nigeria does not shield the social media giant from liability. According to the FCCPC, the outcome…
US report calls out Nigeria’s trade barriers, port corruption
The United States government has faulted Nigeria for the continued delay in approving import permits for American agricultural products, describing the situation as a longstanding trade barrier that has…
Tribunal upholds FCCPC’s $220m fine against Meta, WhatsApp
The Competition and Consumer Protection Tribunal has upheld a $220 million fine imposed by the Federal Competition and Consumer Protection Commission on Meta Platforms Inc. and WhatsApp LLC for…
Air Peace suspends flight operations nationwide
Air Peace Ltd has announced the suspension of all flight operations nationwide due to the ongoing strike by the Nigerian Meteorological Agency. This is contained in a statement signed…
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- Business , International
- April 14, 2025
- 161 views
OPEC Cuts 2025 Oil Demand Forecast Over US Tariffs
The Organization of the Petroleum Exporting Countries on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy. In its…
- Business , International
- April 11, 2025
- 219 views
China hits US with 125% retaliatory tariffs as trade war escalates
China has increased its retaliatory tariffs on imports from the United States to 125 percent, escalating the trade war between the economic powerhouses. In his first public comments on…
Dangote Refinery Slashes Ex-Depot Petrol Price
Dangote Petroleum Refinery and Petrochemicals has reviewed its ex-depot (gantry) loading cost of petrol to ₦867 per litre. It was gathered that the $20bn refinery informed its marketers and…
