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Business Archives - Page 7 of 15 - First Class Gists

Nigeria Cannot Continue as One Nation, It Must Break Up” – APC Leader, Dr. Orire
Thugs Attack PDP Secretariat in Edo, to Steal Election Evidence Ahead of Tribunal
Obasa Responds to Critics: “I Am Qualified for Lagos Governorship
NNPCL Criticize Dangote Refinery’s Suit as Incompetent, Seeks Dismissal
Arewa Consultative Forum Suspends Chairman Mamman Mike Osuman Over Controversial 2027 Election Comments
Bitcoin Continues Strong Increase, Approaches $100,000 Mark
Moniepoint CEO Advocates for Financial Inclusion of Women as Key to Boosting Nigeria Economic Growth; Give Reasons
OPS Raises Alarm as Over 60 Companies Exit Nigeria in Four Years
Dangote Refinery Begins Fuel Exports to West African Markets
Dangote Refinery Seeks Billions to Secure Crude Oil Imports for Full Production Capacity
Federal Government Introduces New Petrol Import Licence Regulations, Discontinues DPR Guidelines
Dangote Petrol: IPMAN and PETROAN Indicate Possible Reduction in Petrol Price
Ajaokuta Steel: ISSSAN Pledges Support to Tinubu
Dangote Set to Start Crude Oil Production Soon
FG Allows Oil Marketers to Directly Source Petrol from Dangote Refinery
Deregulation: Oil Marketers Set to Import Cheaper Petrol
Court Denies Binance Executive Gambaryan’s New Bail Request
PETROAN Demands Transparency: Dangote Refinery’s Petrol Pricing Under Fire!
Why IPMAN Demands NNPC Sell Petrol at Dangote Prices or Refund Marketers
IPMAN Claims NNPC Owes Nearly N15 Billion
Fuel Price Increase: Ajaero Criticizes NNPCL’s Role in Dangote Refinery Pricing
See Current Value of Naira to Dollar, as Naira Continues to Decline Because NNPCL Raises Fuel Prices Again
Access Bank Announces Temporary Service Disruption for System Upgrade
Why NNPC Increased Petrol Prices and Stepped Back from Its Role with Dangote On October 7, news broke that the Nigerian National Petroleum Company (NNPC) would no longer act as the sole off-taker for Dangote Refinery’s products. Insiders revealed to TheCable that this role had become an “unbearable burden” for NNPC, especially as it grapples with a $6 billion debt to international fuel suppliers. The financial pressures facing the company have significantly impacted its ability to ensure a consistent petrol supply. In a recent Bloomberg interview, Aliko Dangote, chairman of Dangote Industries Limited, called on the federal government to eliminate fuel subsidies, labeling them as unsustainable. Consequently, NNPC will now allow other marketers to purchase fuel directly from the Dangote refinery at market prices, a move that the government had initially sought to avoid. On September 14, the federal government had mandated that the refinery sell exclusively to NNPC, with independent marketers required to acquire petrol through the national oil company. However, the House of Representatives criticized this setup on September 26, urging the government to permit independent marketers to purchase directly from the refinery. With NNPC stepping back from its distribution role, insiders anticipate a rise in petrol prices at gas stations across the country, as additional costs will likely be passed on to consumers. However, there is hope that as the market opens up, competition will help stabilize prices and supply chains in the coming days.
Dangote: Africa’s Future Oil Wealth Being Spent Today – A Call for Change
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