Investors’ confidence back in Nigeria’s oil sector – Lokpobiri on NUPRC regulatory feat
Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has stated that investor confidence has returned to the country’s oil and gas industry. This development, he noted, is largely due to the impressive regulatory achievements of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over the past four years. Lokpobiri made the remark during […]
Why DAPPMAN’s Outdated Business Model Crumble Against Dangote Refinery
The entry of the Dangote Refinery into Nigeria’s oil and gas sector has changed the game, leaving many players, especially the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), struggling to keep up. For years, DAPPMAN’s members thrived on importation and distribution of refined petroleum products. But with Dangote’s refinery now producing locally, that […]
Saboteurs are working against corruption-free transformation — NNPC raises alarm
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has raised the alarm, saying that some people are working behind the scenes to stop its new reforms. The company said these people are trying to stop efforts to make NNPC more honest and effective. Since Bayo Ojulari became the new boss of NNPC on April 2, […]
Dangote vows ‘major shakedowns’ in Nigeria’s oil sector
Aliko Dangote, the billionaire businessman and owner of the Dangote Refinery, has said that Nigeria’s downstream oil sector is about to experience major changes. He spoke to reporters shortly after President Bola Ahmed Tinubu visited the Dangote Refinery in Lekki, Lagos. The refinery has the capacity to process 650,000 barrels of oil per day, making […]
You never wanted any state-owned refineries to work – Group to Obasanjo
The Movement for Anti-Corruption, Integrity, and Transparency Initiative recently criticized former President Olusegun Obasanjo over his remarks about state-owned refineries. The group accused him of working against the success of these facilities. Obasanjo Rejected Dangote’s Offer According to INFOLAND, Obasanjo revealed that in 2007, billionaire businessman Aliko Dangote offered $750 million to manage the Port […]
Tinubu has the final say’ — NNPC breaks silence on Mele Kyari’s exit
The Nigerian National Petroleum Company (NNPC) has addressed rumors about the possible exit of its Group Chief Executive Officer (GCEO), Mele Kyari, in January 2025. Contrary to reports suggesting Kyari’s retirement at 60, NNPC spokesperson Olufemi Soneye has clarified that these claims are false. Soneye, in an exclusive interview with DAILY POST, stated that Kyari’s […]