Local News
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41Petroleum Industry Act: ₦300b Paid to Host Communities –FG
The federal government has urged the host communities to leverage on 3% Host Communities Development Trusts (HCDTs) to boost oil and gas...
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35States Plan ₦28.8tr Spending on Infrastructure
State governors have outlined ambitious plans to boost capital expenditure in states to address the infrastructure deficit in their various domains. The...
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54Again, Dangote Lowers Petrol Loading Cost to ₦815/Litre
The price war in the downstream oil sector continued on Thursday as the Dangote Petroleum Refinery quietly implemented a price reduction at...
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112Petrol: Marketers Struggle with Low Margins Amid Price Fragmentation
Petroleum marketers and importers in Nigeria’s downstream sector are grappling with shrinking profit margins as fragmented pricing disrupts the market, forcing many to...
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66‘Leather Industry can Generate ₦23b Yearly’
The Federal Government has decried the neglect of the leather industry, saying the sector can employ over 700,000 citizens. The Minister of...
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65
Marketers Project ₦800/Litre as Imported Petrol’s Cost Drops
The price war in the downstream oil sector intensified on Tuesday as major oil marketers moved to offer a lower price against...
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72House Committee to Enforce Strict Oversight, Accountability in SEDC ₦250b Budgetary Allocation
The House of Representatives Committee on South East Development Commission (SEDC) has assured Nigerians that it would ensure accountability and transparency in...
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64Minister Gives Cement Manufacturers One Week Ultimatum to Stabilise Price at ₦7000
Minister of Works, Engineer Nweze Dave Umahi has called on the cement manufacturers to bring down the cost of their product to...
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91
FG, Tanker Drivers Split Over 60,000 Truck Ban Enforcement
Despite a public announcement that trucks transporting more than 60,000 litres of hydrocarbon products would be prohibited from loading at depots and...
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66NCDMB Acquires 20% Equity in 100bpd Refinery
The Nigerian Content Development and Monitoring Board (NCDMB) has sealed a deal to acquire 20 per cent equity in a 100,000 barrels per...
