Dangote sourced 22% of June crude from overseas – Report
The Dangote Petroleum Refinery sourced about 78 per cent of its crude oil feedstock from the Nigerian National Petroleum Company Limited and other indigenous...
Fuel Price: Nigerian filling stations shut down over petrol rate increase speculation
Some Nigerian filling stations have shut down over premium motor spirit price speculation hikes.
Checks on Thursday morning showed Total, Emedab, and other filling stations are closed.
When...
N100 notes still legal tender, says CBN
The Central Bank of Nigeria has ordered members of the public, businesses, and commercial banks to immediately cease the rejection of the standard N100...
Senate clears Customs’ N1.3tn spending, N11tn revenue plan
The Senate on Wednesday approved the 2026 budget proposal of the Nigerian Customs Service, endorsing a revenue target of N11.074tn and an expenditure estimate...
Dangote refinery begins free petrol delivery to Abuja, five states
Dangote Petroleum Refinery has commenced free delivery of Premium Motor Spirit popularly known as petrolto six states across Nigeria, including the Federal Capital Territory,...
Dangote breaks ground on $17bn Kenya refinery
Dangote Industries Limited has commenced preliminary works on its proposed $17bn, 700,000-barrels-per-day refinery in Kenya, marking the first major step towards what is expected...
Marketers push N800/l petrol, seek import licences
Independent petroleum marketers on Monday pushed for the restoration of importation rights and projected that the pump price of Premium Motor Spirit, popularly called...
UBA names Nnorom chairman as Elumelu exits board
United Bank for Africa Plc has announced that its Group Chairman, Tony Elumelu, will retire from the Board of Directors of UBA on August...
FG insists on fuel price slash at meeting with Dangote Refinery, marketers
The Federal Government has called on marketers to reduce the pump price of petrol to reflect falling crude costs in the international market.
The Minister...
FG warns marketers against using old stock to justify high petrol prices
The Federal Government has warned petroleum marketers against using profits from previously acquired expensive fuel inventories as justification for maintaining high petrol prices, insisting...
After seven years, residents urge First Bank to reopen Ondo branch
Residents of Ido-Ani in Ose Local Government Area of Ondo State have appealed to the management of First Bank of Nigeria to reopen its...
Cooking gas price reduction update in Nigeria
The prices of liquefied petroleum gas, known as cooking gas, have continued to fall across parts of Nigeria after weeks of upsurge due to...
Dangote beats US, ships N757bn jet fuel to Europe – Report
Dangote Petroleum Refinery exported about 466,000 metric tonnes of jet fuel to Europe in June, valued at an estimated N757bn, overtaking shipments from the...
Bank customers can’t recover every deposit – Ogunbunka on CBN revocation of 46 MFBs...
The President of the Bank Customers’ Association of Nigeria, Dr Uju Ogunbunka, has expressed concern over the Central Bank of Nigeria’s decision to revoke...
Dangote, importers battle as petrol holds above N1,000
Fuel prices in Nigeria may not drop below N1,000 per litre any time soon unless importers decide to initiate a price war against the...
Lagos shuts 10 more businesses over environmental violations
The Lagos State Environmental Protection Agency, LASEPA, has sealed an additional 10 establishments across the state for repeated violations of environmental regulations, including noise...
Pilot who hit Beijing tower wrote about ending life – Govt
The pilot who died after crashing a small plane into Beijing’s tallest skyscraper, injuring 13 people, had mental health issues and had written about...
World Bank approves $1.25bn Nigeria loan despite backlash
The World Bank has approved a fresh $1.25bn loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme, amid public concerns...
Marketers reject fuel pricing curbs, threaten shutdown
Fuel marketers have declared that their filling stations will stop selling petrol should the Federal Government try to enforce price control.
The National Publicity Secretary...
Nigerian filling stations to reduce fuel price near N1,000 per litre amid pressure
Nigerian filling stations have hinted at plans to drop the premium motor spirit pump price to near N1,000 per litre amid pressure.
DAILY POST reports...