Category: Business
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BREAKING: NNPCL announces N950.22 as new petrol price
Nigerian National Petroleum Company Limited (NNPCL) has officially released estimated Pump Prices of PMS from Dangote Refinery, Based on September 2024 Pricing. According to a statement signed by Olufemi Soneye, Chief Corporate Communications Officer, the NNPC said the prices are not set by Government, but negotiated directly between parties on an arms length in line…
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Dangote Refinery sells Petrol To NNPCL In Dollars as both parties disagree over pricing
Dangote Refinery has disclosed that it sold Premium Motor Spirit (PMS) to The Nigerian National Petroleum Company Limited (NNPCL) in dollars. Anthony Chiejina, Group Chief Branding and Communications Office of Dangote, disclosed this in a statement on Sunday Chiejina was reacting to the claim of NNPCL that it bought fuel from Dangote Refinery at N898…
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Meet 24 Nigerian Billionaires In Oil And Gas Industry
As of August 11, 2024, Aliko Dangote, Africa’s richest person with a net worth of $12.56 billion, is advancing in various sectors. His Dangote Refinery, inaugurated on May 22, 2023, in Lekki, Nigeria, is set to be the largest single-train refinery globally, processing 650,000 barrels of crude oil daily with a $19 billion investment. The…
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Dangote offers to sell refinery amid allegations of monopoly
The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with Premium Times on Sunday, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if the…
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Why We relocated Our Refinery From Olokola To Lagos – Dangote
The chairman of Dangote group of companies, Alhaji Aliko Dangote, has hinted that his Petroleum Refinery was relocated from Olokola to Lagos State because of an unresolved disagreement between his company and Ogun state government led by Ibukunle Amosun. Starnews NG reports that Dangote Petroleum Refinery was initially planned to be sited in Olokola, a…
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BREAKING: NNPCL declares State of Emergency on Oil Production
The Nigerian National Petroleum Company Limited says it has declared a state of emergency on oil production. It said this was a move towards increasing Nigeria’s crude oil production and growing its reserves. Group Chief Executive Officer of NNPCL, Mele Kyari, disclosed this in a keynote address at the opening of the 23rd edition of…
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Shettima declares business clinics open in Ekiti, announces N150, 000 grant each
Ado-Ekiti—The Vice President of Nigeria, Sen.Kashim Shettima, on Thursday described President Bola Tinubu as a man who has showed zeal, commitment, knowledge and passion to improving the quality of governance in Nigeria. Shettima, said this in Ado-Ekiti, at the inauguration of some projects which includes the 9.2 kilometer Omisanjana/Deeper Life/ Ajebamidele road, the Adire hub…
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Zenith Bank GMD bows out today as Adaora Umeoji takes over as first female GMD
The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr Ebenezer Onyeagwu, has been named the Best Banking CEO of the Year in Africa at the International Banker 2024 Banking Awards for the second consecutive year. The award, published in the Spring 2024 issue of International Banker Magazine, United Kingdom, coincides with Onyeagwu’s completion…
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NAHCO targets N100bn revenue in five years
Nigerian Aviation Handling Company Plc has set an N100bn revenue target within the next five years. The projection was made known by the Group Chairman of the company, Dr Seinde Fadeni, on the sideline of its Annual General Meeting held in Lagos on Saturday. In achieving this, the company noted that it had concluded plans…
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JUST IN: First Bank Issues Fresh Notice To Customers
By Our Correspondent First Bank has announced the extension of the suspension of processing fees on cash deposits until 30 September 2024. This decision comes in alignment with the directive from the Central Bank of Nigeria (CBN). Consequently, customers will not incur the previously announced 2% and 3% processing fees for individual and corporate accounts,…