AEDC Restores Power in Abuja Following Recent Blackout
Abuja Electricity Distribution Company has announced that it has restored electricity supply to State House, Nnamdi Azikiwe International Airport, Lugbe, Garki,...
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NIMASA Reports Oil Spill Following Vessel Collision, Five People Injured
The Nigerian Maritime Administration and Safety Agency, NIMASA, has confirmed an oil spill in the Bonny Channel area of Rivers State following a collision invol...
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Dollar to Naira Exchange Rate Update for May 21, 2026: Nigerian Currency Grows Stronger!
The naira further strengthened against the dollar at the official foreign exchange market on Thursday. Data from the Central Bank of Nigeria (CBN) showed that t...
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Otedola Sets Sights on $100 Million Investment in Dangote Refinery
The Chairman of First HoldCo, Femi Otedola, has disclosed plans to invest $100 million in the Dangote refinery. Otedola made this known on Wednesday after he vi...
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Dangote: Refinery Listing Set to Unleash Africa's Industrial Riches for Investors
President of Dangote Group, Aliko Dangote, has said the planned listing of Dangote Petroleum Refinery on the Nigerian Exchange will allow more Africans to direc...
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International Energy Insurance Plc Unveils N17.5 Billion Public Offering!
International Energy Insurance (IEI) Plc, a Norrenberger company, has announced the commencement of its N17,500,000,000.00 Public Offer, which opens today May 2...
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Tank Farm Owners Urge Nigerian Government to Revoke New Petrol Import Licenses for Dangote Refinery
Members of the Jetties and Petroleum Tank Farms Owners of Nigeria have asked the Nigerian government to cancel the petrol import licenses recently granted to ma...
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Nigerian Stock Market Kicks Off the Week on a Down Note with N81bn in Investor Losses
The Nigerian stock market on Monday began the week in bearish territory as investors recorded an N81 billion loss. This comes as Nigerian Exchange Limited mark...
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Dollar to Naira Exchange Rate Update for May 18, 2026: Nigerian Currency Struggles Against the Dollar
The Naira continued depreciating against the dollar at the official foreign exchange market on Monday to begin the week on a negative note. The Central Bank of...
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Breaking News: Dangote Refinery Slashes Jet Fuel Prices!
Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel (Jet A1) to N1,650 per liter from N1,750 per liter, in a move aimed at easing...
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Aliko Dangote Named African Energy Person of the Year 2026!
Aliko Dangote, the richest man in Africa and president of Dangote Group, including Dangote Refinery and Cement, has emerged as the African Energy Person of 2026...
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Dangote Refinery Takes Nigerian Government to Court Over New Petrol Import Licenses
Dangote Refinery has dragged the Nigerian government to court over fresh import licenses issued to petrol marketers and the Nigerian National Petroleum Company...
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