KEY POINTS The Federal High Court in Maitama, Abuja, has ordered the final forfeiture of a Hawker 800XP private jet linked to allegations of fraud, corruption, and money laundering connected …
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KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reduced the price of aviation fuel (Jet A1) from N1,750 to N1,650 per litre in a move designed to ease operational pressures …
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KEY POINTS Shell has reported a first-quarter adjusted profit of $6.9 billion, its strongest performance in two years, surpassing analyst expectations of $6.36 billion. The result represents a sharp increase …
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KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has called for stronger collaboration among players in the gas, power, and financial sectors to address persistent challenges in Nigeria’s gas-to-power …
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In the NewsOil & Gas
DAPPMAN Rejects Dangote Refinery Lawsuit, Says Import Licences Protect Energy Security
KEY POINTS The Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, has pledged full support for its members in the ongoing legal dispute involving the Dangote Petroleum Refinery and …
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KEY POINTS Nigerians spent an estimated ₦5.43 trillion on petrol, commonly known as petrol, in the first quarter of 2026, amid rising fuel prices and ongoing tensions in the downstream …
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In the NewsMarkets
Seplat Confirms Exchange Rate for ₦68.26 Billion FY2025 Dividend as Profit Surges
KEY POINTS Seplat Energy Plc has confirmed the exchange rate it will use to convert its dollar-denominated dividends for the 2025 financial year, as it prepares to distribute over ₦68 …
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KEY POINTS Ugandan President Yoweri Museveni has expressed strong support for a proposed East African regional oil refinery following discussions with Nigerian billionaire and industrialist Aliko Dangote, signalling renewed momentum …
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KEY POINTS Shell Nigeria Gas, SNG, convened industry stakeholders in Port Harcourt to explore how natural gas can reduce operational costs, boost productivity, and attract investments across Nigeria’s industrial sector. …
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In the News
NNPC Boosts Healthcare in South-East with MRI Facility Donation to Nnewi Teaching Hospital
KEY POINTS The NNPC Foundation, the Corporate Social Responsibility arm of NNPC Limited, has commissioned and handed over a fully installed 1.5 Tesla Magnetic Resonance Imaging (MRI) system to Nnamdi …