🏭 Dangote Refinery Secures $4bn Refinancing Deal — Afreximbank Leads With $1.35bn
Dangote Industries has secured a $4bn refinancing deal for its refinery, led by Afreximbank’s $1.35bn facility, to strengthen operations and balance sheet....
Oil&Gas
Ojulari vs EFCC/DSS: Power Play at the Top of NNPCL
A storm of allegations, whistleblower petitions, and public protests has engulfed NNPCL Group CEO Bayo Ojulari, following EFCC scrutiny and DSS denials of a forced resignation plot....
Shettima Defends Tinubu’s Bold Reforms, Says Fuel Subsidy Removal Was “For Greater Good”
Vice President Shettima has declared that Tinubu’s removal of fuel subsidy was a courageous act to defeat entrenched oil interests and reset Nigeria’s economy on the path of recovery....
Dangote Vows to Crash Cooking Gas Prices, Marketers Cry Foul Over Monopoly Threat
As Dangote ramps up LPG production, he vows to slash cooking gas prices and bypass distributors if they resist, prompting fierce backlash from industry stakeholders who fear a market monopoly....
EFCC Uncovers ‘Mind-Boggling’ Corruption in NNPCL — Olukoyede
By IDNN Investigative Bureau The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has described the level of corruption uncovered in Nigeria’s......
Nigeria to Introduce Real-Time Tracking for Oil Export Shipments
The Nigerian Upstream Petroleum regulator mandates real-time tracking for oil exports—complete with permits, vessel clearance, and ID—aiming to curb theft and boost revenue....
NNPC Claims Fuel Subsidy Savings Used to Pay Debt, Not Stolen – World Bank Flags Transparency Gap
Subsidy Funds Not Missing, We Used It for Debt — NNPC Replies World Bank Over ₦500bn Gap ✍️ By: IDNN Policy & Petroleum Economy Desk......
World Bank Exposes NNPC Over Missing ₦500bn in Fuel Subsidy Remittances
World Bank Blasts NNPC Over ₦500bn Shortfall in Fuel Subsidy Revenue — Only Half Remitted to Nigeria’s Account ✍️ By: IDNN Business & Economic Policy......
CNG Rollout in Crisis — “Poor Infrastructure Is Killing It,” Marketers Warn FG
Two years after launch, Nigeria’s CNG initiative struggles under the weight of poor infrastructure and slow rollout — stakeholders warn of collapse without urgent reform....
Dangote Refinery Price Slash to Drop Petrol Below ₦900/L Nationwide — Marketers Predict Industry Shock
Fuel marketers predict a petrol price crash to below ₦900/litre following a fresh Dangote Refinery slash, intensifying pressure on competitors and reviving price wars....