November 19, 2024
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The Petrol Price Gap: Why Nigerians are Paying More Despite Falling Costs

By The Insight Team 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 65 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 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
Business Top Story

NNPCL Makes History: Dangote Refinery Begins Fuel Supply, Nigeria Inches Closer to Petroleum Self-Sufficiency

By The Insight Team 70 0
By Emmanuel Kwada The Nigerian National Petroleum Company Limited (NNPCL) has commenced loading of Premium Motor Spirit (PMS) at the Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, marking a significant milestone in Nigeria’s quest for self-sufficiency in petroleum production. According to a statement released by NNPCL on Saturday, over 100 trucks were mobilized to Continue Reading
Business Top Story

Dangote Refinery: A Timely Win for Industrialisation  

By The Insight Team 73 0
By Abiodun Alade Nigeria, rich in resources and with a burgeoning young population, remains paradoxically stagnant due to its over-reliance on imports. This dependency, rather than being a temporary measure, has entrenched itself as a systemic barrier to long-term prosperity. With a population exceeding 200 million and a predominantly young demographic, Nigeria has become Continue Reading
Business Top Story

Nigeria’s Largest Refinery Starts Production, Meets International Standards

By The Insight Team 64 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 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
Dangote
News

Dangote thanks Tinubu, Nigerians over his Refinery’s start of production

By The Insight Team 164 0
By Emmanuel Kwada Following the successful commencement of production of refined petroleum products by the Dangote Petroleum Refinery, President of Dangote Group, Aliko Dangote has expressed appreciation to President Bola Ahmed Tinubu for his vision and support, which encouraged him to embark on the refinery project years ago. Speaking with stakeholders in the oil and […]Continue Reading
Business Top Story

UBA partners Afreximbank, confirms NNPC received $2.25b

By The Insight Team 174 0
By Emmanuel Kwada Afreximbank has announced an initial disbursement of US$2.25 billion under a syndicated US$3.3 billion Crude Oil Prepayment Facility sponsored by the Nigerian National Petroleum Company Limited. The announcement was published on its website on Saturday. The Cairo-based bank stated that the landmark financing is the  largest syndicated loan ever raised by Continue Reading
Fuel
Business Interviews Top Story

Dangote fuel may not be available in July, as Nigerians lament ‘unbearable suffering’

By The Insight Team 194
Key Points: Nigerians trek to and from work for long distances Dangote refinery may not produce fuel by end of July NNPCL tongue-in-cheek about repairs of refineries NLC accuse Tinubu government of deliberately impoverishing the masses ‘N8,000 palliative for 12 million households, an insult’ By Daniel Adaji The recent increase of fuel price from N540 […]Continue Reading
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