Energy

Uba

UBA faults sale of IBEDC by AMCON

  United Bank for Africa (UBA) Plc  has rejected the reported sale of its 60 per cent stake in the Ibadan Electricity Distribution Company (IBEDC) for N100 billion by the Asset Management Corporation of Nigeria (AMCON), describing the transaction as unlawful, opaque, and carried out without its consent or due process. Speaking during a media […]

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Cng

Presidency Welcomes Dangote Refinery’s 4,000 CNG Trucks; Says it’s a milestone to gas-powered transport in Nigeria

The Presidential Compressed Natural Gas Initiative (PCNGI) has welcomed the Dangote Refinery’s fuel distribution plan that will see it deploying 4,000 Compressed Natural Gas (CNG) trucks across Nigeria. Speaking to newsmen on the sideline of the just concluded West Africa Economic Summit (WAES) in Abuja, Commercial Coordinator, Tosin Coker, said: “This is a landmark development, […]

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Dangote Refinery

Energy Experts:Dangote’s initiative will reduce production costs, ease inflationary pressures, and stimulate economic growth

The new initiative of the Dangote Petroleum Refinery has continued to draw accolades from energy experts in the country, with some describing it as the best that has happened to the sector since Independence. The Chief Executive of Financial Derivatives Company, Bismarck Rewane, said the company’s free distribution initiative will reduce production costs, ease inflationary […]

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Dangote Refinery

US Imports Over 2m Barrels of Jet Fuel From Dangote Refinery; Experts Hail Refinery, Drum Support

The growing influence of the Dangote Petroleum Refinery & Petrochemicals is extending far beyond Africa and the Middle East, as the United States imports over two million barrels of jet fuel from the world’s largest single-train refinery in March. Experts assert that this development should bring immense joy to Nigerians, as it attests to the […]

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Dangote Refinery

Dangote to Refund Customers Who Purchase PMS Above Advertised Rates From Key Partners

Dangote Petroleum Refinery & Petrochemicals has announced that it will refund customers who purchase Premium Motor Spirit (PMS) at rates higher than the advertised prices from any of its key partners – AP (Ardova Plc), Heyden, or MRS – across Nigeria. This move follows the refinery’s recent reduction of its gantry price from N890 per […]

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Dangote Refinery

Dangote Refinery Announces Reduction of Ex-Depot Cost of PMS To N890

In a bold move to drive economic relief for Nigerians, Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890 per litre, effective from Saturday. This price adjustment is in response to favourable developments in the global energy sector and a significant decline in […]

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Dangote Refinery

Why We Increase Petrol Price Amid Global Crude Oil Surge-Dangote Refinery Explains

Dangote Refinery says the recent adjustment in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, is directly attributed to the increase in global crude oil prices. Mr Anthony Echiejina, Head of Corporate Communications, Dangote Industries, said this in a statement on Sunday in Lagos. On January 17, Dangote refinery increased petrol […]

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Dangote Refinery

Oil Cabals Crippled Govt Refineries, Now Working Against Dangote Refinery – Pastor Adeboye

The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has urged Nigerians to pray for divine intervention in the face of efforts by unscrupulous oil marketers to thwart the operations of the Dangote Petroleum Refinery, following the previous sabotage of Nigeria’s four state-owned refineries. The respected clergyman made the call […]

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Oando

Oando Emerges ‘Deal of the Year’ Award Winner at Africa Energy Week 2024

Africa’s leading energy solutions provider listed on the Nigerian Stock Exchange (NGX) and Johannesburg Stock Exchange (JSE) is pleased to announce that the Company has emerged winner of the ‘Deal of the Year’ award at Africa Energy Week (AEW) 2024. The Africa Energy Chamber (AEC), the organisers of the annual week-long oil and gas conference, […]

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Seplat

Q3 2024: Seplat Energy Grows Revenue to N1.071trn

Seplat Energy Plc has recorded N1.071 trillion for the third quarter of 2024, an increase from the N478.1 billion posted in the same period of 2023. The company stated this in its unaudited results filed with the Nigerian Exchange Ltd. (NGX) and the London Stock Exchange on Tuesday,, 29th 2024. The company’s Chief Executive Officer […]

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Dangote Refinery

Dangote On IPMAN: Setting the Record Straight

The Dangote Petroleum Refinery wishes to clarify that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to purchase refined petroleum products. Although discussions are ongoing with IPMAN, it is misleading to suggest that they (IPMAN Members) are experiencing difficulties loading refined products from our Petroleum Refinery, as we […]

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Naseni Zedon Pro Laptop

NASENI, Imose Rollout Made-in Nigeria Laptops, Tablets

The National Agency for Science and Engineering Infrastructure (NASENI) and Imose Technologies Ltd, an indigenous Nigerian company, are rolling out made-in-Nigeria laptops and tablets for use by Nigerians. The 14-inch laptops and 10.5-inch tablets are manufactured in the NASENI brand name. This move aligns with the agency’s mission to drive indigenous industrialization, local content and […]

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