Vitol, Trafigura, and BP have become key fuel buyers from Dangote refinery, significantly impacting petroleum trading dynamics across Africa.

Pinnacle Oil has refuted Dangote Refinery’s claims that it deceitfully sought to blend its imported products with Dangote’s high-quality products.

Bitcoin surged to a record high as Trump’s election win fuels optimism for cryptocurrencies, rising nearly 8% in early trading.

Iran’s currency hits record low as Trump nears presidential comeback, signalling worsening economic challenges for Tehran.

Dangote Refinery has rejected Pinnacle Oil’s justification for importing off-spec petroleum products, stressing national interests must not be undermined.

The Senate urged the federal government to protect local miners, promoting policies to support their businesses amidst rising foreign competition.

NNPC has called for collaboration and transparency in global decarbonisation, highlighting Africa’s challenge of reducing emissions while tackling energy poverty.

The FCCPC has mandated DISCOs to improve consumer engagement and has halted Unistar meter installations by Ikeja and Eko DISCOs.

French and Dutch authorities have raided Netflix offices in tax fraud probe, investigating revenue reporting and compliance from 2019-2021.

Boeing workers have accepted a new contract with a 38% raise, ending a seven-week strike that cost billions.

PETROAN has asserted it can sell petrol cheaper than Dangote Refinery, dismissing claims of importing substandard products.

United Nigeria Airlines has partnered with Cronos Aviation for a new MRO facility in Nigeria, aiming to reduce operational costs.

Oando Plc has announced a N60.3 billion profit after tax in 2023, marking a robust comeback from 2022 losses.

World Bank has predicted that an oil glut will put Brent prices at $73/barrel in 2025, leading to low commodity prices

Dangote Refinery has said that its petroleum price rates are in line with international standards, countering claims by IPMAN, PETROAN

Ibom Air’s fleet has expanded by 2 aircraft as Akwa Ibom Governor Umo Eno pledges key development projects by year-end.

Access, Zenith, 8 other banks reported a record N12.24 trillion in interest income amid the Central Bank’s policy hikes.

NNPC and Morocco’s ONHYM has advanced the $26 billion African Atlantic Gas Pipeline, emphasising regional collaboration and energy security.

TotalEnergies CEO has praised NUPRC’s Komolafe for restoring investor confidence, discussing billion-dollar investment and regulatory consent in Nigeria’s oil sector.

The federal government has set January 28, 2025, as the deadline for the $5 billion Africa Energy Bank’s operations.