Business

EHY NIGERIA RECEIVES MORE FUND FROM OUR FOUNDATION -; BILL GATES Bill Gates, the Co-chair of the Bill and Melinda Gates Foundation, has explained why Nigeria receives the largest share of intervention funds allocated by the foundation in Africa. Gates made this statement during an interview with selected journalists on the sidelines of the 2024 NutriVision Dialogue on Tuesday in …

NNPC REACH ACCORD WITH DANGOTE REFINERY TO SELL CRUDE OIL IN NAIRA The Nigerian National Petroleum Company Limited, NNPCL, has reached an agreement to sell crude oil to Dangote Petroleum Refinery in Naira. The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, made this confirmation on Tuesday via its X handle, @NMDPRA_Official. According to NMDPRA, the NNPCL reached an agreement …

NNPC SPOKESMAN KEEPS MUM AS PETROL PUMP PRICE IS ADJUSTED TO N855 PER LITRE There are strong indications that the Nigerian National Petroleum Company Limited has directed its retail outlets to raise the pump price of petrol to N855 per litre. Nigerians woke up on Tuesday to find a change in pump prices, rising from around N600 to N855 per …

NNPC TO BECOME SOLE BUYER OF PETROL FROM DANGOTE REFINERYThe Nigerian National Petroleum Company (NNPC) Limited is set to become the “initial exclusive buyer” of products from the Dangote Refinery as the 650,000 barrel per day plant begins processing of premium motor spirit (PMS) also known as petroleum, report has indicated.This is coming amidst the worsening fuel supply in Nigeria …

MINISTER DIRECTS NNPCL TO SELL PMS ABOVE N1000 The Minister of State for Petroleum Resources, Heineken Lokpobiri has directed that the Nigerian National Petroleum Company Limited(NNPCL) must sell petrol above the landing cost, which currently stands at N1,117 per litre, to prevent the smuggling of the products to neighbouring countries. Lokpobiri who disclosed this in Abuja, adding that security agencies …

PETER OBI DECRIES PERSISTENT FUEL SCARCITY, DEMANDS TRANSPARENCY IN NNPC OPERATIONS Former presidential candidate, Peter Obi, has called out the Bola Ahmed Tinubu-led government over the persistent fuel scarcity and conflicting reports on subsidy payments. In a statement on social media, Obi, the Labour Party’s flagbearer in the 2023 election, demanded transparency in the operations of the Nigerian National Petroleum …

ATIKU DEMANDS IMMEDIATE LISTING OF NNPCL IN STOCK EXCHANGE Former vice president, Atiku Abubakar, has called for the immediate listing of the Nigerian National Petroleum Corporation Limited (NNPCL) on the stock exchange in line with the Petroleum Industry Act. Atiku in a statement signed by his spokesperson, Paul Ibe, said this in reaction to the decision of the NNPCL to …

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 …

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. …

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. …