Business

President Tinubu Commends NNPCL for Re-Opening Warri Refinery

President Bola Tinubu has commended the Nigerian National Petroleum Company Limited (NNPCL) for the successful reopening of the Warri Refining and Petrochemical Company (WRPC), describing the development as a significant milestone in his administration’s drive to boost local refining capacity and ensure energy security for Nigerians.

NNPCL Reduces Petrol Price to N965 Per Litre in Abuja Amidst Competitive Pressures

The Nigerian National Petroleum Company Limited (NNPCL) has implemented another reduction in the pump price of petrol at its retail outlets in Abuja, bringing the price down to N965 per litre from the previous N1,030 per litre.

CBN Reports Nigeria’s Economy Growth in Q3 2024

The Nigerian economy recorded a growth rate of 3.46% in the third quarter of 2024, with total output rising to ₦20.115 trillion, up from 3.19% (₦18.285 trillion) in the preceding quarter. This marked the third consecutive quarterly expansion, fueled by significant contributions from the non-oil sector.

NNPC Exports First Cargo of Low-Sulfur Fuel Oil from Port Harcourt

The Nigerian National Petroleum Company Limited (NNPC) has launched a new chapter in Nigeria’s energy landscape by selling its first cargo of low-sulfur straight-run...

Fire Guts Trademore Estate Market in Abuja

An early morning fire has destroyed the only market in Trademore Estate, Lugbe, Abuja. The blaze reportedly began around 3:30 am shortly after the Abuja...

Presidency: Nigeria’s Oil Refineries Set for Full Privatisation

The Presidency has announced plans to privatise Nigeria’s state-owned oil refineries in Port Harcourt, Warri, and Kaduna as part of ongoing reforms under President...

NNPCL Commences Global Sales of Utapate Crude Oil Blend

The Nigerian National Petroleum Corporation Limited (NNPCL) has announced the commencement of international sales of its latest crude oil grade, the Utapate crude oil...

EXPORT-FREE ZONES ATTRACT OVER $300 BILLION, GENERATE MASSIVE JOBS

Nigeria’s Export Free Zones have attracted over $300 billion in investments as of January 2024, generating N650 billion in government revenue and creating more...

IPMAN Claims Inability to Load Petrol from Dangote Refinery Despite ₦40 Billion Paid to NNPCL

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that its members are unable to load petrol from the Dangote Refinery in Lagos,...

NIGERIA TO LAUNCH NEW INTELLECTUAL PROPERTY POLICY TO SAFEGUARD INNOVATIONS

The Federal Government is set to launch a comprehensive intellectual property policy to protect Nigerian innovations, with the revalidation of the National Intellectual Property...

NNPC Owes Petroleum Marketers Nearly N15bn — IPMAN President

The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Garima, has revealed that the Nigerian National Petroleum Company (NNPC) Limited...

NDLEA Nabs Businessman with ₦4.6bn Worth of Cocaine at Lagos Airport

Operatives of the National Drug Law Enforcement Agency (NDLEA) have apprehended Christian Ogbuji, a 48-year-old businessman at Murtala Muhammed International Airport, Lagos, just 16...

FG Flags Off Sale of 30,000 Metric Tonnes of Rice, Limits Purchase to Public Servants with NIN

The Federal Government has announced that only public servants with registered National Identification Numbers (NIN) will be eligible to purchase rice from its newly...

Dangote Group Denies Reports of NNPC Lifting Petrol from Refinery, Refutes Price Claims

The Dangote Group has denied reports suggesting that the Nigerian National Petroleum Company Limited (NNPCL) has commenced lifting fuel from its refinery. Recent claims had...

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