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Energy

Nigeria to Spend N10 Trillion On Fuel, Naira Subsidy, Says El-Rufai

By Abdulwaheed Olayinka Adubi, Kaduna Governor of Kaduna state, Nasir El- Rufa’i, has disclosed that Nigeria planned to spend N6 trillion on fuel subsidy for...

Dangote Group Dismisses Reports on Commissioning of Refinery

Dangote Group has reacted to reports on the commissioning of its refinery this month. Reports emerged on Sunday (Not from MoneyCentral) that the multi-billion Naira...

Nigerians Spend More on Energy, Transportation In December 2022 – Data Reveals

By Abdulwaheed Olayinka Adubi According to the data from the National Bureau of Statistics (NBS), Nigerians spent more on the purchase of energy in December...

China Buying Russian Oil Above Price Cap – Bloomberg

Russia’s ESPO crude from the Far East is being sold above the Western-imposed $60 per barrel price cap in Asia, Bloomberg reported on Friday,...

Dangote Refinery Valuation to Soar Past $13.8bn on Completion

The Dangote Refinery valuation is set to soar once completed next year as the European Union seeks alternative supplies of refined products, due to...

Oil Prices Rise as Cap on Russian Crude Kicks In

Oil prices have risen amid concerns that a new cap on the price of Russian crude could disrupt global supplies in the coming months. A...

Hungary Exempt From Russian Oil Price Cap – FM

Hungary has been granted an exemption from the price cap on Russian oil set by the EU and the Group of Seven (G7) countries,...

China Scoops up Cheap Russian Oil – Bloomberg

China’s oil refiners have started to snap up Russian crude shipments amid sharply lower prices and the looming EU price-cap measure, Bloomberg reported on...

Why Seplat Energy Stock is a Top Buy Among NGX 30 Firms

Seplat Energy Plc, which enjoys a rally in crude oil price, stands out among Nigerian most liquid and capitalised firms as it recorded the...

EU Tentatively Agrees to Russian Oil Price Cap – Reuters

The European Union has tentatively agreed on a $60 a barrel price cap on Russian seaborne oil, Reuters reported on Friday, citing sources. The...

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