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Nigeria to sell crude in Naira to Dangote Refinery

As part of measures adopted to strengthen the currency and by extension the nation’s economy, the Federal Government has concluded plans to sell crude oil to the $15 billion Dangote Refinery in Naira. Inspecting the ongoing construction of the Dangote Refinery, Petrochemicals Complex Fertiliser Plant, and Subsea Gas Pipeline project at Ibeju…

Nigeria spent N10.7tn on fuel subsidy in 10 years – MOMAN

The Major Oil Marketers Association of Nigeria has said that the country spent a total of N10.7tn on fuel subsidy in the last 10 years. The Association's Chairman,  Mr Adetunji Oyebanji, who was the guest speaker at the 18th Aret Adams Lecture on Thursday, said N750bn was spent on subsidy in 2019.

DPR seeks investors for modular refineries

The licensing of more modular refineries to come on stream would put an end to the problem of product scarcity in the country, the Department of Petroleum Resources has said, as it plans to license more of such refineries.
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