Nigeria unveiling multi-billion-dollar investment in local content oil, gas opportunities – Lokpobiri
Nigeria is taking major steps to boost local participation in its oil and gas industry. At the 2025 Nigerian Oil and Gas Opportunity Fair (NOGOF) in Bayelsa, Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), announced exciting new investment opportunities worth billions of dollars, focused on local content across the entire oil and […]
Fubara denies links with militants
Suspended Rivers State Governor, Siminalayi Fubara, has denied accusations that he is connected to militant groups. He called the claims fake news meant to cause trouble in the state. Fubara’s Chief Press Secretary, Nelson Chukwudi, released a statement saying that some people have been spreading false videos online. These videos claim that there were explosions […]
Reps reveal 48 oil firms are owing FG N2trn
The Nigerian House of Representatives has disclosed that 48 oil and gas companies owe the federal government about N2 trillion in unpaid royalties. This revelation came from an ongoing investigation by the Public Accounts Committee, which is examining financial records from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Out of these companies, seven major oil […]
Dangote Refinery Begins Production Of Polypropylene (Pictures)
The Dangote Petroleum Refinery and Petrochemicals has officially started producing polypropylene. The refinery, which has a capacity of 650,000 barrels per day (bpd), has now added polypropylene production to its operations. Polypropylene is a type of plastic used in making various products, including packaging materials, household items, and car parts. The start of production at […]
Warri Refinery Undergoes Maintenance One Month After Resuming Operation
The Nigerian National Petroleum Company Limited (NNPC) has announced that the Warri Refinery is currently undergoing routine maintenance. This comes just a month after it resumed operations, processing 125,000 barrels per day. NNPC also dismissed rumors of an explosion at the Warri Refining and Petrochemical Company (WRPC). In a statement signed by its Chief Corporate […]
NiMet forecasts 3-day sunshine, haziness
Dangote Petroleum Refinery has reduced the price of Premium Motor Spirit (PMS), also known as petrol, from N950 to N890 per liter. While this move is great news for consumers, it has created serious financial challenges for fuel marketers who had already purchased petrol at the higher price. The price cut was likely influenced by […]
FG Plans To Slash Inflation From 34% To 15% In 2025
The Federal Government of Nigeria has announced its strategy to cut inflation from 34% in 2024 to 15% by the end of 2025. This plan, outlined in the 2025 budget, focuses on key measures to stabilize the economy and ease the cost of living for Nigerians. The government plans to enhance security across the country, […]
President Tinubu Arrives in Equatorial Guinea For a Three-Day Official Trip
President Bola Ahmed Tinubu has landed in Malabo, Equatorial Guinea, for a three-day official visit. He arrived at Saint Isabel Airport on Wednesday afternoon, where he was welcomed by Equatorial Guinea’s Prime Minister, Mrs. Manuela Roka Botey, and other senior officials. This is President Tinubu’s first trip to Equatorial Guinea and his 22nd international destination […]
“Aliko Dangote Faces Challenges After Friend’s Investment Warning”
Aliko Dangote, the President of Dangote Group, recently shared a personal story about his investment challenges in Nigeria. In an interview with PREMIUM TIMES, Dangote revealed that a friend who had advised him against investing in Nigeria is now taunting him for ignoring that advice. This revelation comes at a time when the Nigerian Midstream […]