By NewsBino: Nigerian households may get some relief from the high cost of cooking gas following fresh reductions in the price of liquefied petroleum gas (LPG) by the Dangote Petroleum Refinery and some major depot [Read More!]
By NewsBino The Economic and Financial Crimes Commission (EFCC) has recovered $60 million from indigenous oil and gas company Nestoil Limited, marking a significant development in the ongoing investigation into the company’s financial obligations to [Read More!]
The Dangote Petroleum Refinery has dragged the Federal Government to court over fresh fuel import licences issued to several oil marketing companies in Nigeria. The refinery filed the suit at the Federal High Court in [Read More!]
The Nigerian National Petroleum Company Limited has denied reports alleging that it is selling scrap materials, refinery equipment, or components from its facilities. In a statement released on Friday, the company described the reports circulating [Read More!]
The global economy has reportedly lost more than $50 billion in crude oil revenues since the Iran war began nearly 50 days ago, as major supply disruptions continue to shake energy markets. Fresh tensions resurfaced [Read More!]
President Bola Ahmed Tinubu has acknowledged the pressure rising fuel prices are placing on Nigerians, while urging citizens to remain hopeful amid ongoing economic challenges. Speaking during a visit to Bayelsa State, the President admitted [Read More!]
Two vessels have successfully navigated the Strait of Hormuz following Iran’s decision to partially reopen the strategic route after reaching a ceasefire agreement with the United States. Shipping data indicated that a Greek-owned bulk carrier [Read More!]
President Bola Tinubu has approved a ₦3.3 trillion financial intervention aimed at resolving long-standing debts within Nigeria’s electricity sector, in a move expected to stabilise power supply and rebuild investor confidence. The approval follows a [Read More!]
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