It will be premature to resume oil exploration in Ogoni land – Dakuku Peterside reacts to Federal Government’s move
Former APC governorship candidate in Rivers State, Dakuku Peterside, has expressed opposition to the resumption of oil exploration in Ogoni land. This follows President Bola Tinubu’s recent move to establish the Federal University of Environment and Technology (FUET) in Ogoni. On February 3, 2025, President Tinubu signed a bill to create the new university and […]
Dangote Refinery Slams NNPCL For Claiming It Gave The Company $1bn Loan
Dangote Refinery, owned by the Dangote Group, has rejected claims by the Nigerian National Petroleum Company Limited (NNPCL) that it received a $1 billion loan from the state-owned oil firm. The refinery’s spokesperson, Anthony Chijiena, referred to the claim as misinformation. The issue arose when NNPCL’s spokesperson, Olufemi Soneye, stated that NNPCL secured a crude-backed […]
Nigeria’s Adeyemi-Bero appointed Chair of OPEC Board of Governors
The Organisation of Petroleum Exporting Countries (OPEC) has named Nigeria’s Ademola Adeyemi-Bero as the Chairman of its Board of Governors for the year 2025. This announcement was made following the 189th OPEC Conference, and confirmed in a statement by Nneamaka Okafor, a media aide to Nigeria’s Minister of State for Petroleum, Senator Heineken Lokpobiri. Prior […]
Port Harcourt Refinery Suspends Operations Again Shortly After Restart, Loading Bay Left Empty
The Port Harcourt Refinery, which recently resumed operations, has once again come to a halt. This latest pause, just days after the excitement of its reopening, has left many Nigerians questioning the refinery’s future. On Friday, a visit to the refinery showed that there was no activity on-site, with workers explaining that the refinery was […]
Nigerian Senator Ifeanyi Ubah Passes Away at 52 in London
It is with great sadness that we report the passing of Senator Ifeanyi Ubah, a prominent Nigerian oil mogul and politician. Senator Ubah died at the age of 52 after suffering a heart attack while staying at a hotel in London. Senator Ubah was well-known for his significant contributions to both the political and business […]
Dangote Promises Lower Fuel Prices in Nigeria with New Refinery
Aliko Dangote, Chairman of the Dangote Group, announced that his $20 billion refinery in Lagos, which processes 650,000 barrels per day, will help reduce fuel prices in Nigeria. He shared this at a recent forum in The Bahamas. When asked if the refinery would lower petrol prices, which are currently around N700 per liter, Dangote […]