Abiola

NNPCL Unveils Petrol Prices from Dangote Refinery for Lagos and Other States

The Nigerian National Petroleum Company (NNPC) has provided a detailed breakdown of the estimated petrol prices that will be charged at its retail stations across Lagos and other states, with products sourced from the Dangote Refinery. This information was disclosed in an official statement issued by Olufemi Soneye, the NNPC’s Chief Corporate Communications Officer. According…

Dangote Refinery Set to Begin Petrol Distribution to NNPC Starting Sunday

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has announced that the Dangote Refinery will begin distributing Premium Motor Spirit (PMS), commonly known as petrol, starting Sunday. Initially, this distribution will be exclusive to the Nigerian National Petroleum Company Limited (NNPCL). This significant development was revealed during a press briefing…

Government Regulations Force Us to Halt 1,200km Subsea Gas Pipeline Project- Dangote Group

During a recent conversation on an X (formerly Twitter) space hosted by Nairametrics, Mr. Devakumar Edwin, Vice President of Dangote Industries Limited, shed light on the company’s decision to abandon its plans to construct a 1,200-kilometer subsea gas pipeline. The pipeline was initially intended to transport gas from offshore sources to the Nigerian mainland, where…

Forex Crisis Puts Multimillion-Dollar Data Center Investments in Nigeria at Risk

Data center operators in Nigeria are facing significant challenges due to the ongoing foreign exchange (forex) crisis, which is now jeopardizing the substantial investments already made in the construction and operation of these facilities. Industry experts have expressed deep concerns about the increasing difficulty in securing additional financing, as operators struggle to generate sufficient returns…

Nigeria’s SEC Set to Crack Down on Unregulated Cryptocurrency Exchanges

The Securities and Exchange Commission (SEC) has announced its intention to begin enforcing regulatory actions against individuals and business entities, including cryptocurrency exchanges, that are operating outside of its regulations in the country. Dr. Emomotimi Agama, the Director-General of SEC, disclosed this in a statement on Sunday, reaffirming the commission’s dedication to safeguarding investors. This…