The JNI, an Islamic group has released the number of Muslims who were killed and those missing in the recent Plateau killings, an incident that sparked outrage.
The Nigerian National Petroleum Company Limited reduced petrol prices nationwide, offering relief amid fluctuating crude prices and the possibility of rising again.
Angola’s Cabinda refinery, the first built since independence, will begin producing 30,000 barrels daily in 2025, adding competition for Dangote’s refinery.
Nigeria, Saudi Arabia, and the United Arab Emirates (UAE) emerged as the top crude oil producers in August as OPEC producers increased production by 400,000 bpd.
The Nigerian government has removed the subsidy from compressed natural gas (CNG). The development has resulted in scarcity and long queues at filling stations.
Stakeholders have hailed the role of Gbenga Komolafe in the recent deal, which sealed a Production Sharing agreement for two offshore blocks in the country.
Dangote Refinery’s plan to bypass middlemen with direct petrol supply and free logistics has forced depots to slash prices amid competition for customers.
According to data by the National Bureau of Statistics, the price of cooking gas jumped by 44.51% in July, with a 12.5kg cylinder refill selling at N20,609 in July.
The Dangote Refinery has diversified its crude feedstock, importing Ghana’s Sankofa crude, a medium-sweet grade, into its processing mix to boost production.
Dangote Refinery has intensified its fuel exports to the Middle East, Europe and Asia as global refiners embark on turnaround maintenance and shutdowns.
Compressed Natural Gas (CNG) pump prices have surged to as high as N500 per SCM, narrowing cost advantages over petrol despite government expansion plans.
Energy
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