The President of the Petroleum Products Retail Outlets Association of Nigeria (PETROAN), Billy Gillis-Harris, has urged Dangote Refinery to stop operating in secrecy and reveal the cost of his Premium Motor Spirit (PMS) to Nigerians. Gills-Harris urged the management of the refinery to be open and get inputs from stakeholders. The PETROAN boss stated this…
An insider has revealed why the NNPC increased petrol prices and stopped acting as a middleman for Dangote refinery. The decision came from the financial pressures the NNPC had faced due to high subsidy payments and its role as the only distributor of petrol. Since the Dangote refinery began production on September 3, the NNPC…
The Nigerian Senate convened in an emergency closed-door session on October 9, 2024, to address the contentious issue of local government autonomy following a recent Supreme Court ruling. The session was prompted by concerns regarding the implementation of financial autonomy for the country’s 774 local government councils, which the Supreme Court affirmed in August this…
On October 8, 2024, the Federal High Court in Abuja ordered the Independent National Electoral Commission (INEC) to recognise the leadership of the Labour Party (LP) under Julius Abure. The court’s decision mandates INEC to accord the party all rights and privileges associated with a duly registered political party in Nigeria. Details of the Ruling…
Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries in order to transit from a net importer to a net exporter of petroleum products, Chairman of the Dangote Refinery and Petrochemical Company Limited, Aliko Dangote, has said. Dangote made this assertion during his…
By Omeiza Ajayi, Luminous Jannamike & Daniel Abia PORT HARCOURT — Rivers State Governor, Siminalayi Fubara, warned yesterday that oil production in the state will be threatened, if there was any further violence or attacks in the state. This came on a day the state government also constituted a seven-man judicial commission to investigate the arson…
Elon Musk, the tech titan behind Tesla, SpaceX, and other cutting-edge ventures, is no stranger to controversy—especially regarding his political views. Musk is the only African immigrant that Trump and his Republicans tend to love. Over the past few years, Musk’s occasional support for conservative figures, most notably Donald Trump, has raised eyebrows, given that he leads…
Count Jimmy Kimmel among the many people casting sidelong glances at Elon Musk’s weird appearance at a Trump Rally over the weekend. After dismissing the pair of newfound political allies as “Twitterdee and Twitterdum,” he declared that seeing them together was a rare glimpse of ” two devils making a deal with each other.” “Gordon…
As Nigeria navigates its complex political landscape, concerns have been raised about the effectiveness of its political parties. Salihu Moh. Lukman, the immediate past National Vice Chairman of the ruling All Progressives Congress (APC), recently articulated a pressing issue: Nigeria is now a democracy without functional political parties. This statement reflects a growing sentiment among…
This means NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery. The Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchase agreement with Dangote Refinery, opening up the market for other marketers to buy petrol directly from the refinery, PREMIUM TIMES can authoritatively report today. This…
