CATEGORY
Energy
NNPC Signs Deal To Build 100,000bpd Refining Plant Within PH Refinery
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The Nigerian National Petroleum Company Limited (NNPC) yesterday signed a contract with African Refinery Port Harcourt Limited (ARPHL) to build a 100,000bpd refinery within the Port Harcourt...
Dangote Refinery Slashes Diesel, Aviation Fuel Prices to N940, N980
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Dangote Petroleum Refinery on Tuesday announced a further reduction in the prices of both diesel and aviation fuel to N940, and N980 per litre...
US House Passes New Iran Oil Sanctions in Foreign Aid Package
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The US House passed new sanctions on Iran’s oil sector set to become part of a foreign-aid package, putting the measure on track to pass the...
Dangote Refinery Boosts Production With US Oil Imports
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Nigeria’s new mega Dangote oil refinery is slowly grinding into gear, with the 650,000 barrel-a-day plant in Lagos is taking advantage of cheaper US...
Transcorp Power Net Income Surges 665.77% in Q1 as Balance Sheet Remains Solid
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Transcorp Power Plc’s net income surged by 665.77 percent to N20.14 billion as at March 2024 from N2.63 billion the previous year, while its...
Dangote Crashes Diesel Price to N1,000 Per Litre
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In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre.
While rolling out the...
Dangote Refinery Posts Videos of Tankers Loading Diesel
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Nigeria’s enormous Dangote refinery posted videos on social media platform X of it loading a ship and trucks with diesel fuel.
One of the videos...
Geregu Power 307% Profit Growth in Q1 a Catalyst For Much Higher Share Price
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Geregu Power has become the first NGX listed company to release First Quarter (Q1), 2024 financial results, with the recorded 307.5% profit growth a...
Diesel Price Drops 20.6% as Dangote Refinery Floods Domestic Market
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The price of Automotive Gas Oil, AGO, (diesel), has dropped by 20.6 per cent to N1,350 per litre in April, as the Dangote Refinery...
Dangote Refinery to Start Petrol Sales in Nigeria Next Month
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Nigeria’s new mega-refinery will begin domestic petrol deliveries in May, weaning Africa’s most populous country off costly petroleum imports.
The facility built outside Lagos by...