
Energy







There are new fuel prices across Africa. While most countries recorded a drop, Nigeria saw an increase but it still remains one of the cheapest in West Africa.

A recent report has alleged that oil cartels have hijacked plans by the Dangote Refinery to sell petrol cheaply to Nigerians by halting the naira-for-crude deal.

The Nigerian government, via the Presidential Initiative (Pi-CNG), has said that about 150 compressed natural gas (CNG) stations will be ready in the next 18 months.

A new joint venture that is anticipated to transform Nigerian marine transportation was signed by the NNPC Shipping, Stena Bulk, and Caverton Marine Limited.

Dangote Refinery has exported another shipment of low-sulphur straight-run fuel to Singapore after exporting aviation fuel to the United States and Saudi Arabia.

The Crude Oil Refinery Owners Association of Nigeria (CORAN) has projected a new fuel prices at filling stations below N400 per litre, but not straight forward.

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has commissioned another solar-powered market in Abuja to drive growth and development.

A petrol price crash is imminent following the crash in crude oil prices to $65 per barrel from $73.73, the lowest since 2021, caused by global market shocks.

Experts in the oil and gas sector have shared different opinions about President Bola Tinubu's sack of Mele Kyari and the board members of the NNPC.
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