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Why we continue to reduce petrol price - Dangote

Nigeria, Dec. 6 -- Aliko Dangote, founder and president/chief executive of the Dangote Group on Monday said his refinery will continue to reduce the price of petrol to compete with importers. Mr Dang... Read More


Eterna Plc set to raise N21.52 billion through rights issue

Nigeria, Dec. 5 -- Eterna Plc, a Nigerian integrated energy company, is set to raise N21.52 billion through a rights issue, aiming to strengthen its balance sheet and drive strategic expansion. The c... Read More


Nigeria's GDP grew 3.98% in Q3 2025 - NBS

Nigeria, Dec. 1 -- Nigeria's Gross Domestic Product (GDP) grew by 3.98 per cent year-on-year in real terms in the third quarter of 2025, the National Bureau of Statistics (NBS) has said. The NBS said... Read More


Nigeria opens bidding for 50 new oil blocks

Nigeria, Dec. 1 -- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday opened bidding for 50 oil and gas blocks, targeting $10 billion in investment. Announcing the commencement o... Read More


Dangote Refinery supplies 18 million litres of petrol daily - NMDPRA

Nigeria, Nov. 30 -- The Dangote Refinery supplied an average of 18.03 million litres of petrol per day between October 2024 and October 2025, according to data from the Nigerian Midstream and Downstre... Read More


Energy Transition: Nigeria will not abandon its oil, gas - Official

Nigeria, Nov. 26 -- Nigeria will not abandon its oil and gas resources despite the global shift towards cleaner energy but will reposition them to drive economic growth and development, the Permanent ... Read More


Dangote partners Honeywell International to expand refinery capacity

Nigeria, Nov. 26 -- Dangote Group on Tuesday announced it has entered a strategic partnership with Honeywell International Inc to support the next phase of expansion of the Dangote Petroleum Refinery.... Read More


How NNPC official approved N3.4 billion in suspicious payments without GMD's authorisation - Audit Report

Nigeria, Nov. 23 -- A report by the office of Nigeria's Auditor-General has revealed that the Chief Financial Officer (CFO) of the Nigerian National Petroleum Company Limited (NNPC Ltd) approved a sta... Read More


Nigeria-West Africa grid synchronisation to boost regional electricity market - Minister

Nigeria, Nov. 20 -- The Minister of Power, Adebayo Adelabu, on Wednesday said Nigeria has successfully conducted a grid synchronisation test connecting the national electricity grid with the interconn... Read More


Emadeb begins oil production from Ibom field

Nigeria, Nov. 18 -- Emadeb Petroleum Exploration & Production Company Limited (Emadeb E&P) said it has commenced commercial production from Ibom Field Petroleum Prospecting Licence (PPL 236). The com... Read More