Dangote Refinery Denies Claims of Exporting Fuel to Togo for Re-Importation
The management of Dangote Petroleum Refinery has dismissed allegations that petroleum products refined at its facility are exported to Lomé, Togo, and subsequently re-imported...
Trump Orders Probe Into Oil Companies Over High Fuel Prices Amid Rising Economic Pressure
United States President Donald Trump has ordered an investigation into major oil companies over persistently high gasoline prices, accusing them of failing to pass...
Nigeria’s Local Petrol Output Rises to 48m Litres Daily as Imports Plunge
Nigeria’s domestic petrol refining capacity has recorded a major turnaround, with local production climbing from virtually nothing in 2023 to approximately 48 million litres...
Oil Prices Steady Below $80 as US-Iran Talks Progress, Tech Stocks Weigh on Markets
Oil prices recorded modest gains on Tuesday but remained below the $80 per barrel mark after falling sharply a day earlier, following a decision...
Naira Trades at ₦1,363/$1 as FX Gap Narrows in Nigerian Market
Data from the Nigerian Foreign Exchange Market (NFEM) shows that the naira traded at approximately ₦1,363.41 per US dollar during Monday’s trading session, reflecting...