Depot Owners Play Vital Role in Refined Products Distribution, Says Iheanacho Depot owners are essential to the fuel distribution network in Nigeria, according to Capt. Emmanuel Iheanacho, Chairman of Integrated Oil and Gas Ltd. He emphasized their critical role, particularly in the delivery of Premium Motor Spirit (PMS) from the newly operational Dangote Refinery. Iheanacho…
Crude Futures Fall Over $1 Per Barrel Amid Demand Concerns Crude oil futures fell by more than $1 per barrel on Wednesday in volatile trading, as concerns about weakening global demand overshadowed mixed signals from crude producers regarding potential supply increases. Brent crude futures dropped $1.05, or 1.42%, settling at $72.70 per barrel, while U.S….
Health Insurance Vital for Quality Healthcare Access, Says Governor Sanwo-Olu Lagos State Governor Babajide Sanwo-Olu emphasized the critical role of health insurance in ensuring that citizens have access to quality healthcare services, during a meeting with the National Leadership of the Nigerian Medical Association (NMA) on Monday. Represented by his Deputy, Dr. Obafemi Hamzat, the…
Oil Marketers Warn Nigerians of Imminent Fuel Price Hike. The President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gilly-Harry, has cautioned Nigerians to brace themselves for a potential increase in the price of Premium Motor Spirit (PMS), commonly known as petrol, in the coming days. Despite the recent commencement of…
Dangote Refinery Begins Petrol Processing, NNPC Set to Be Exclusive Buyer The Dangote Oil Refinery has officially commenced the processing of petrol, marking a significant milestone for Africa’s largest refinery. This development follows delays due to recent crude oil shortages, according to a report by Reuters. Devakumar Edwin, Vice President at Dangote Industries Limited, confirmed…
NIMASA Warns Public Against Fake Social Media Accounts The Nigerian Maritime Administration and Safety Agency (NIMASA) has issued a warning to the public regarding the proliferation of fake social media accounts falsely claiming affiliation with the agency. Dr. Dayo Mobereola, the Director-General of NIMASA, raised the alarm on Monday through his verified X handle, advising…
Alake Calls for Peaceful Coexistence Among Nasarawa Mining Firms. The Minister of Solid Minerals Development, Dele Alake, has urged mining companies in Nasarawa Local Government of Nasarawa State to foster peaceful coexistence. His call came during a meeting with Governor Abdullahi Sule and members of the state cabinet at the Government House in Lafia on…
ICT’s Contribution to Nigeria’s GDP Hits 19.78% in Q2 2024: NBS Report The Information and Communications Technology (ICT) sector has significantly bolstered Nigeria’s economy, contributing 19.78% to the country’s real Gross Domestic Product (GDP) in the second quarter of 2024. This was disclosed by the National Bureau of Statistics (NBS) in its latest GDP report…
Navy Chief Ogalla Advocates for Special Maritime Courts and Greater Community Involvement to Strengthen Blue Economy In a significant move to bolster the nation’s maritime security and advance the Blue Economy, the Chief of Naval Staff, Vice Admiral Emmanuel Ogalla, has proposed the establishment of special courts dedicated to maritime crimes. He also emphasized the…
US Gasoline Prices Drop Ahead of Labor Day Weekend, Says EIA. As the Labor Day weekend approaches, marking the end of the U.S. summer driving season, gasoline prices across the United States are notably lower than they were a year ago, according to a report from the U.S. Energy Information Administration (EIA) released on Thursday….
