Economy

Due to surge in Brent price, Dangote Refinery hikes petrol price

Sequel to a consistent surge in the price of Brent, the global benchmark for crude, the Dangote Petroleum Refinery has communicated an upward adjustment...

AfDB recommits to advancing Africa’s infrastructure development

The African Development Bank (AfDB) has reiterated the importance of advancing Africa’s infrastructure development. The AfDB’s Vice-President for the Private Sector, Infrastructure and Industrialisation,...

EFCC to arraign Honeywell Group chair, former First Bank MD for ₦12.3 billion fraud

The Federal High Court in Lagos on Thursday fixed January 20, 2025, for the Economic and Financial Crimes Commission (EFCC) to arraign the Chairman...

Global crude oil rates driving petrol prices in Nigeria, Lokpobiri says

The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has said the price of crude oil in the international market remains a major force...

650,000bpd target: Dangote Refinery to import more crude as NNPC supply falls short

The Dangote Petroleum Refinery is planning to import more crude oil as supply from the Nigerian National Petroleum Company Limited becomes insufficient for fuel...

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