Business

Dangote Refinery: Finally, a Solution Nigeria Can’t Import!

By The Insight Team November 12, 2024 23 0

By Abiodun Alade If there’s one burning question on the minds of Nigerians these days, it’s this: why are we paying between N1,000 and N1,500 for a litre of Premium Motor Spirit (PMS)? Sadly, the very people who should be explaining this strange new reality have decided to stay tight-lipped with heads buried in the […]Continue Reading

Top Story Uncategorized

The Petrol Price Gap: Why Nigerians are Paying More Despite Falling Costs

By The Insight Team November 11, 2024 31 0

By Emmanuel Kwada Recent reports indicate a significant decline in the landing costs of Premium Motor Spirit (PMS), commonly known as petrol, amidst rising accusations from the Nigeria Labour Congress (NLC) regarding price inflation by marketers. As of November 8, 2024, the estimated cost of petrol landing in Nigeria has dropped by 20.34%, falling to […]Continue Reading

Features Opinions Politics Top Story

Why are Nigeria’s ‘Westernized Elite’ anti-Nigerians?

By The Insight Team September 19, 2024 64 0

The phrase, Nigeria’s Westernized elite,’ coldly crept into my linguistic repertoire and morphed into my new consciousness about the elite one mild afternoon in August 2024. The experience occurred in Gombe after I yielded to a disease that plagues my lifestyle: bibliomaniac, collection of books.  Unseen forces in season and out of season ignites a […]Continue Reading

Business Top Story

We Sold PMS in Dollars, Dangote Refutes N898/Litre Claims

By The Insight Team September 15, 2024 62 0

By Emmanuel Kwada The Dangote Group has dismissed a statement attributed to the Nigerian National Petroleum Company Limited (NNPCL) spokesperson, Olufemi Soneye, claiming that the company sells Premium Motor Spirit (PMS) to NNPCL at N898 per litre. In a press statement released on September 15, 2024, Dangote Group’s Chief Branding and Communications Officer, Anthony Continue Reading

Top Story

Nigerians Groan Under Weight of 352.5% Fuel Price Increase

By The Insight Team September 4, 2024 76 0

By Emmanuel Kwada A devastating 352.5% increase in fuel prices since President Bola Ahmed Tinubu took office in May 2023 has pushed Nigerians to the brink. The latest data reveals a catastrophic trend, with prices soaring from N198 to a staggering N897 in just 16 months. The nightmare began on May 29th at Eagle Square […]Continue Reading

Business Top Story

Nigeria’s Largest Refinery Starts Production, Meets International Standards

By The Insight Team September 3, 2024 63 0

Key points: Dangote appreciates the Government’s “Naira for crude” and “Naira for product” initiatives, which enabled the project. The Dangote Refinery produces high-quality gasoline that meets international standards, reducing engine problems. The Refinery meets Nigeria’s gasoline demand and supplies sub-Saharan Africa. The Dangote Continue Reading

Interviews Business Top Story

We’re In September; Will Local Fuel Be Available After 8 Missed Promises?

By The Insight Team September 1, 2024 108 0

Key Points: Motorists frustrated with ongoing fuel shortages, criticizing government for not restarting national refineries to address issue. Nigeria’s refineries remain inactive despite investments, causing reliance on imported fuel. Government promises to revive the Port Harcourt Refinery have been consistently broken. The refinery’s dormancy has severe Continue Reading

Business Uncategorized

Dangote Refinery: Calling on All Compatriots

By The Insight Team August 27, 2024 83 0

By Abiodun Alade Nations are forged by patriots – individuals who rise to the occasion during pivotal moments in their country’s history. Throughout history, patriots have played crucial roles in shaping nations, advocating for citizens’ rights, crafting new laws, and driving progress. Patriotism is not just a virtue; it is vital for a nation’s survival […]Continue Reading

News Top Story

Fuel Scarcity Worsens: Long Queues Resurface in Lagos, Abuja, Kano

By The Insight Team August 19, 2024 95 0

By Emmanuel Kwada Fuel scarcity has worsened in Nigeria, with long queues resurfacing in Lagos, Abuja, and Kano. The situation has led to a surge in black market sales, with fuel selling for 1,500 naira in Katsina and 1,200 naira in Nasarawa. Many Nigerians have taken to social media to express their frustration and anger […]Continue Reading

Business News Top Story

NNPC Ltd Denies Allegations of Economic Sabotage

By The Insight Team August 7, 2024 72 0

By Emmanuel Kwada The Nigerian National Petroleum Company (NNPC) Limited has denied allegations of economic sabotage, stating that it has not breached any laws guiding its dealings with partners. Group Chief Executive Officer, Mr. Mele Kyari, made this statement while addressing the Senate Ad-Hoc Committee investigating alleged economic sabotage in the Nigeria Petroleum Continue Reading

Blogs Business Features Investigations Media Opinions Top Story

Top 5 (Mis)information on Petroleum Industry Act

By The Insight Team August 22, 2021 232 0

1. NNPC is being privatized No, NNPC is not privatized. NNPC is only becoming a limited liability company subject to CAMA, to be named NNPC Ltd (C will also now mean Company, not corporation). The share is still 100% government-owned. A major difference is, before PIA, NNPC had its own law: NNPC Act 1977, which […]Continue Reading

Business Fact Check Features Interviews Investigations Media Top Story

CSOs make demands for the sustainable deregulation of the downstream petroleum sector

By The Insight Team September 23, 2020 241 0

A consortium of Civil Society Organizations (CSOs) has asked the federal government to entrench the deregulation drive of the downstream sector of the petroleum industry by enacting appropriate legislation or embedding it as part of the Petroleum Industry Bill (PIB) expected to be submitted to the National Assembly soon. The consortium also demanded that the […]Continue Reading