The Dangote Refinery, a 650,000 barrels per day facility considered the largest single-train refinery in the world, has been embroiled in battles with different stakeholders in Nigeria’s oil and gas sector since it commenced operations in 2024, sparking concerns about challenges faced by investors in the country. Going by its nameplate capacity, the refinery was …
Senior Advocate of Nigeria (SAN), Dr. Monday Onyekachi Ubani, has called on labour unions not to undertake actions that undermine the Dangote Petroleum Refinery, noting that it is a strategic investment in the oil and gas sector that the country can’t afford to watch being sabotaged by those seeking to advance selfish interests. Ubani, who …
Nigeria’s Minister of Power, Adebayo Adelabu, has disclosed that the Federal Government is in discussion with the Export-Import Bank of China to secure a $2 billion loan to fund the development of a new national "super grid," which will stabilize energy supplies and encourage industrial growth across the country. Adelabu made this known at the …
Eko Electricity Distribution Company Plc (Eko DisCo) has registered a subsidiary, Excel Electricity Distribution Company Limited, to taker over the operations of its electricity distribution business in Lagos State. In a statement released on Tuesday, October 7, 2025, the management of Eko DisCo clarified that the creation of the subsidiary was in compliance with regulatory …
As the people groan over the unprecedented hike in the price of Liquefied Petroleum Gas (LPG), also known as cooking gas, the Dangote Petroleum Refinery has cut its ex-depot price from ₦860 to ₦760 per kilogram. This reflects a ₦50 reduction or 6.17 per cent drop from the previous price. The price is considered the …
With the current drive and policies to ramp up crude oil production, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) aims to achieve about 2.5 million barrels per day of crude oil production in 2027. The Commission said since its establishment, the country has continued to record a continuous increase in crude oil production, now at …
The Federal High Court in Abuja dismissed a lawsuit filed by businessman Abubakar Ismaila Isa Funtua, who claimed that his 43 million shares were transferred without his agreement to Emerging Markets Telecommunication Services Limited (EMTS), the operators of 9mobile. Justice Mohammed Umar ruled in the case FHC/ABJ/CS/1971/2024 on September 24, 2025, that Isa, the lone …
Dangote Group put up an impressive pavilion showcasing a wide range of products at the ongoing 20th Abuja International Trade Fair. The pavilion attracted many participants on Saturday, who visited and expressed interest in Dangote Refinery and the Group's wide range of products. The 2025 international trade fair organised by the Abuja Chamber of Commerce …
Financial experts will, on Thursday, October 9, 2025, gather at an annual webinar organised by DataPro Limited, one of Nigeria's credit rating agencies, to highlight the role of credit rating agencies in the ever-changing global economy. This year’s webinar themed “The Role of Credit Rating Agencies in a Dynamic Global Economy” is part of events …
The price of Liquefied Petroleum Gas (LPG), also known as cooking ga,s has risen to the roof top in Lagos. This is as long queues have been observed at different refilling depots due to the scarcity of the product. This is coming days after the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) …
