Mohammed Abdullahi dies, a former chief of staff to two former presidents of Nigeria. has reportedly died. Details surrounding his death have been unveiled.
Backbone International Limited (BINL) says it has secured $50bn in partnership with NEFEX Holdings Limited to build 500,000bpd refinery and a Free Trade Zone in Ondo
The price of liquified natural gas (LPG), also known as cooking gas, has dropped in Lagos, Abuja and other Nigerian cities following the strengthening of the naira.
Recent data from the National Bureau of Statistics shows that the average diesel price rose to N1,750 per litre in May 2025, despite a price cut by Dangote Refinery.
Despite the cut in the ex-depot petrol price by Dangote Refinery from N880 to N840 per litre, filling stations nationwide are yet to lower their pump prices.
Petrol prices have crashed at depots as private owners try to match Dangote Refinery's N840 per litre cost, triggering a new wave of price war in the industry.
The NNPCL has announced a breakthrough in its ongoing $2.8bn Ajaokuta-Kaduna-Kano gas pipeline project, confirming the successful crossing of the River Niger.
The Nigerian National Petroleum Company Limited (NNPC) has declared a juicy profit of N1 trillion and N6 trillion revenue in May amid hike in petrol prices.
The new petrol prices from Dangote Refinery have triggered a massive depot price slashes as marketers, who held off purchases now now rush to adjust.
Petroleum marketers warn that declining crude oil prices may lead to a petrol price drop, with a new pricing structure expected by Monday June 29th.
Dangote Refinery has made adjustments to the cost of Premium Motor Spirit, also known as petrol, and filling stations are expected to adjust their pump prices
Energy
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