Dangote refinery cuts petrol price to N890
Dangote Petroleum Refinery has reduced the price at which it sells petrol to marketers to N890 from N950, effective from
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Energy
Oando poised for ‘aggressive drilling programme’, says CEO Wale Tinubu
Oando, a major indigenous energy operator in Nigeria, says it will execute “aggressive drilling programme” to boost its oil and
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Meet Ainojie ‘Alex’ Irune, MD of Oando’s new subsidiary bought for $783m
In August last year, Oando Plc, a Nigerian energy company listed on both the Nigerian Exchange Limited and Johannesburg Stock
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Oando’s pretax profit falls 54% despite revenue rise
Oando Plc, an indigenous energy company, reported a profit before tax of N47.78 billion last year, down from N102.98 billion
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Nigeria shifts focus to domestic LNG supply as five mini plants launched
The Nigerian National Petroleum Company Ltd and its partners launched five mini liquefied natural gas (LNG) plants in Ajaokuta, Kogi
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Fuel marketing firm Eterna swings to record profit from N9bn loss
Eterna, a fuel marketing company, has swung from a N9.33bn loss in 2023 to its biggest-ever profit last year. The
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Billionaire Otedola’s Geregu Power boosts profit by 70%
Geregu Power, chaired by billionaire Femi Otedola, saw its profit after tax surge by 70.6 percent to N27.41 billion last
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TotalEnergies’ Nigeria downstream unit doubles profit as revenue tops N1trn
TotalEnergies Marketing Nigeria, a fuel marketing company, saw its profit for the 2024 financial year more than double as revenue
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NNPC subsidiary, BUA sign deal for mini LNG plant
As part of efforts to enhance domestic gas utilization for businesses and industries, NNPC Gas Marketing Limited and BUA Group
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Aradel posts fourfold jump in profit as oil output rises 41%
Aradel Holdings Plc, a Nigerian integrated energy company, has reported a profit after tax of N247.8 billion last year, up
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