In a bold legal move, three major oil marketing companies in Nigeria have taken steps to prevent Dangote Petroleum Refinery and Petrochemicals FZE from assuming control over the country's energy sector. Conoil Plc, TotalEnergies Marketing N...
In a bold move to prioritize consumer safety, the National Agency for Food and Drug Administration and Control (NAFDAC) has issued an urgent recall for the popular Nivea BLACK & WHITE Invisible Roll-on deodorant. The agency’s decision f...
On Wednesday, the Independent Petroleum Marketers Association of Nigeria (IPMAN) clarified why its members have not yet begun sourcing fuel from the Dangote Refinery, citing concerns over pricing. According to John Kekeocha, IPMAN’s Nationa...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has openly questioned the Dangote Group's claim of maintaining a 500 million-liter fuel stock intended to meet Nigeria’s demand. Despite the reported fuel reserves, many IPM...
India has now emerged as the world’s largest importer of Russian oil, surpassing China for the first time in July 2024. This shift highlights India’s strategic energy maneuvers amid global market changes and the ongoing Ukraine conflict, wh...
In a move sparking renewed public outcry, the Nigerian National Petroleum Company Limited (NNPCL) announced a fresh fuel price hike on Tuesday, October 29, 2024. Effective immediately, residents in Lagos will pay ₦1,025 per liter, while Abu...
The Nigerian naira has plummeted to a new low, reaching around N1,740 to the dollar in the parallel market this October, further intensifying concerns over the currency's stability and the broader economic outlook. This drop, from approxima...
In a high-profile legal battle, Dangote Refinery initiated a ₦100 billion lawsuit on September 6, 2024, aimed at invalidating import licenses held by the Nigerian National Petroleum Company Limited (NNPCL), Matrix Petroleum Services, and se...
The United States government has filed new charges against Allen Onyema, the CEO of Nigeria’s Air Peace, accusing him of obstructing justice in an ongoing investigation into a $20 million fraud and money laundering case. Prosecutors allege...