Energy

7 Posts
Vanguardngr
Vanguardngr
· May 20

Petrol: Dangote assures price stability despite increase in oil prices

Dangote Petroleum Refinery has announced its consistent efforts to reduce the price of Premium Motor Spirit (PMS) despite fluctuations in global crude oil prices, emphasizing its commitment to supporting Nigeria’s economy and consumers. The company’s policy aligns with Nigeria’s government initiatives like the Nigeria First policy and President Bola Tinubu’s...
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Business
Nairametrics
Nairametrics
· May 18

Shell confirms it paid Nigeria $5.34bn in taxes, charges in 2024, its highest government payout globally 

Shell Plc paid $5.34 billion to the Nigerian government in 2024, marking its highest global government payout, surpassing payments to Oman, Brazil, and Norway. Most of the payments, over 71%, went to the Nigerian National Petroleum Corporation (NNPC), totaling about $3.8 billion, with additional amounts paid as taxes, royalties, and...
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Business
Legit
Legit
· May 8

Nigerians react as Dangote meets with the Bayo Ojulari-led NNPC team

Aliko Dangote, President of Dangote Group, met with NNPCL CEO Bashir Bayo Ojulari to discuss cooperation and healthy competition between Dangote Refinery and NNPCL. The meeting marks a potential thaw in their previously tense relationship under past leadership, especially regarding the naira-for-crude deal. Both leaders expressed optimism about productive collaboration...
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Business
Southafricatoday
Southafricatoday
· May 7

Electricity reforms ‘brought to life’ in updated electricity wheeling rules

The Department of Electricity and Energy in South Africa has released updated Regulatory Rules on Network Charges for Third-Party Transportation of Energy, known as the electricity wheeling framework. Minister Kgosientsho Ramokgopa described the framework as a significant reform aiming to diversify energy sources, reduce reliance on Eskom, and support energy...
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Business