Egogo News Hub

The Nigerian National Petroleum Company Limited (NNPCL) has officially ceased all imports of refined petroleum products, transitioning to sourcing fuel exclusively from local refineries, primarily the Dangote Petroleum Refinery. This significant shift, announced by NNPCL’s Group Chief Executive Officer, Mele Kyari, during the Nigerian Association of Petroleum Explorationists conference in Lagos, marks a pivotal moment…

By Victor AhiumaYoung & Yinka Kolawole LAGOS — The declining purchasing power of consumers has led to a 357.57 per cent rise in the inventory of unsold finished products of manufacturers in Nigeria to N1.24 trillion in the second half of 2024 (H1’24) compared to N271 billion recorded in the same period last year (H1’23). The…

The estimated cost of landing Premium Motor Spirit, commonly known as petrol, on Nigeria’s shores has seen a considerable reduction of 20.34 per cent, dropping to N971.57 per litre over the past three months. This decline in landing cost, which reflects the price of importing and distributing the product, indicates some relief in terms of…

Kano State Governor, Abba Kabir Yusuf, has announced plans for a significant cabinet reshuffle, citing the need to improve performance and inject fresh talent into his administration. This move comes in response to a recent evaluation of his cabinet members’ performance and aims to drive the state’s development agenda forward. Performance Evaluation and Reshuffle Decision…