REVEALED: VESSELS LINKED TO DANGOTE’S BROTHER TO DELIVER IMPORTED FUEL FROM MALTA AMID BILLIONAIRE’S ROW WITH NNPCTwo Lagos-bound vessels linked to family members and friends of Dangote Refinery CEO Aliko Dangote are on course to deliver cargoes of imported premium motor spirit (PMS), also known as petrol, from Malta, we can authoritatively report after reviewing a cache of documents including …
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CBN SACKS THREE NIRSAL EXECUTIVE DIRECTORS
CBN SACKS THREE NIRSAL EXECUTIVE DIRECTORS The Central Bank of Nigeria (CBN) has terminated the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). The decision, approved by CBN Governor Olayemi Cardoso on Friday, marks the latest in a series of layoffs at the apex bank since his assumption of office last year. …
Read More »NNPCL TO HAND OVER WARRI, KADUNA REFINERIES TO PRIVATE OPERATORS
NNPCL TO HAND OVER WARRI, KADUNA REFINERIES TO PRIVATE OPERATORS The Nigerian National Petroleum Company Limited says it is seeking to engage reputable and credible Operations and Maintenance companies, to operate and maintain the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company. This was disclosed in a statement on Friday on its official social media handle. …
Read More »BOOST FOR DANGOTE REFINERY OVER CRUDE OIL WAR WITH IOCS
BOOST FOR DANGOTE REFINERY OVER CRUDE OIL WAR WITH IOCs Africa’s richest man, Alhaji Aliko Dangote, has brushed off local and international oil-producing firms’ resolve to starve his mega refinery of the much-needed crude feedstock, Business Hallmark can report. According to findings, the mega oil refinery, the largest single-train refinery in the world, is gradually overcoming the initial obstacles mounted …
Read More »WE’LL CLOSE ANY FILLING STATION SELLING FUEL AT N1,OOO – NMDPRA
WE’LL CLOSE ANY FILLING STATION SELLING FUEL AT N1,000 PER LITRE – NMDPRA The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has threatened to take action against filling stations selling Premium Motor Spirit (PMS) above the approved price. The agency regretted that it received reports of some stations operated by independent marketers are selling PMS for N900 and N1000 …
Read More »PETROL HIKE IMMINENT AS GOVT, DANGOTE CONCLUDE CRUDE OIL DEAL
PETROL HIKE IMMINENT AS GOVT, DANGOTE REFINERY CONCLUDE CRUDE OIL DEAL The Federal Government’s committee, established to facilitate crude oil sales to local refineries in naira, is set to discuss the pricing of Premium Motor Spirit (PMS) from the Dangote Petroleum Refinery, scheduled for release in September 2024, as reported by Punch on Monday, August 26,2024.Sources within the oil industry …
Read More »NNPC HAS NO FUNDS TO FIX OLD PIPELINES – HEINEKEN LOKPOBIRI
NNPC HAS NO FUNDS TO FIX OLD PIPELINES – HEINEKEN LOKPOBIRIThe Federal Government has declared that the Nigerian National Petroleum Company Limited does not have the funds required to rebuild old pipelines.The Minister of State for Petroleum Resources, (Oil), Heineken Lokpobiri, stated this at the just concluded Energy and Labour Summit 2024 organised by the Petroleum and Natural Gas Senior …
Read More »FIRST BANK SACKS 100 WORKERS OVER ALLEGED FRAUD
FIRST BANK SACKS 100 WORKERS OVER ALLEGED FRAUD First Bank has terminated over 100 employees and imposed an embargo on their accounts due to alleged fraud involving approximately N40 billion. The bank’s actions are part of an effort to address the significant financial misconduct. The N40 billion alleged fraud at First Bank was uncovered when a customer complaint led to …
Read More »NNPC FAILS TO ADDRESS KEY ISSUES ABOUT TINUBU’S INVOLVEMENT IN OVH DEAL
NNPC FAILS TO ADDRESS KEY ISSUES ABOUT TINUBU’S INVOLVEMENT IN OVH DEALThe Nigerian National Petroleum Company Limited (NNPC Ltd) on Thursday said President Bola Tinubu is not involved in the OVH Energy Marketing Limited acquisition deal. How ever, NNPC Ltd’s statement by its chief corporate communications officer, Olufemi Soneye, on Thursday failed to address the key issues raised about the …
Read More »DANGOTE REFINERY TO COMMENCE PETROL SUPPLY IN SEPTEMBER
DANGOTE REFINERY TO COMMENCE PETROL SUPPLY IN SEPTEMBER Dangote Petroleum Refinery is undergoing test runs for petrol production, with full operation expected to commence by mid-September, Reuters is reporting. Citing a note by IIR Energy, an oil industry monitor, the publication on Wednesday said the date could be extended further. According to the report, IIR said in a note to …
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