Stock Market May Reach N262 Trillion in 2026
Bismarck Rewane predicts Nigerian stock market capitalization could surge to N262 trillion next year, driven by major listings like Dangote Refinery and NNPC. Discover the growth trajectory.
Category : Search result: Neftochim refinery seizure
Dangote Refinery to Supply 1.7bn Litres of Petrol Monthly
Dangote Refinery commits to supplying up to 1.7 billion litres of petrol monthly, boosting Nigeria's fuel security. Read the full details of this landmark development.
Dangote Refinery Saves Nigeria N10bn Yearly
Dangote Refinery is saving Nigeria over N10 billion annually in foreign exchange by replacing fuel imports with locally refined products. Discover how this impacts Nigeria's economy.
Nigeria's Petrol Consumption Hits 56.74M Litres Daily
New data reveals Nigeria consumed 56.74 million litres of petrol daily in October 2025, with Dangote Refinery producing 18.03 million litres. Discover the full energy consumption breakdown.
NNPC Petrol Price Drops to N905, Remains Above Rivals
NNPC reduces petrol pump price to N905 per litre, but major marketers like Ardova and MRS offer cheaper fuel. Analysts predict further cuts as competition intensifies.
New 30,000 bpd Modular Refinery Launches in Delta
The Federal Government has endorsed a new 30,000-barrel-per-day modular refinery in Koko, Delta State. This project by Ebenco Global is set to create jobs and reduce Nigeria's reliance on imported fuel.
Air Force Officer Arrested for Transporting Weapons
Troops and NDLEA operatives detain an Air Force member, ACM Anas Muhammed Fakai, caught with firearms en route to Abuja. Investigation reveals police connections. Read the full report.
Dangote Refinery Denies Exporting Off-Spec Diesel
Dangote Refinery refutes claims of exporting substandard diesel to Europe as market sources cite quality issues. Learn about the specifications debate and regional market shifts.
Dangote Refutes Off-Spec Diesel Claims Amid Quality Concerns
Dangote Refinery rejects claims of supplying substandard diesel to Europe while maintaining West Africa as primary market. Company plans Euro VI standards by 2028.
Hungary increases oil shipments to Serbia amid sanctions
Hungary pledges increased oil exports to Serbia as US sanctions threaten refinery shutdown. Learn how this energy crisis impacts Balkan stability and payment systems.
Dangote Refinery Expands to 1.4 Million Barrels Daily
Dangote Group partners with Honeywell International to double refinery capacity by 2028, making Nigeria global refining leader. Learn how this impacts Africa's energy independence.
30,000-BPD Modular Refinery Inspected in Delta
Minister Lokpobiri inspected Ebenco's 30,000-barrel modular refinery in Koko, Delta, boosting Nigeria's energy security and creating jobs. Read more about this landmark project.
Army seizes 108.8kg cannabis, arrests courier in Kogi
Nigerian Army troops intercept a drug courier in Kogi, seizing 108.8kg of cannabis. Suspect and exhibits handed to NDLEA. A major blow against crime and banditry.
Dangote Refinery Triggers Fuel Price Competition in Nigeria
Nigerian petrol market sees intense competition as Dangote Refinery and importers adjust ex-depot prices. Latest updates on fuel costs and market dynamics revealed.
Dangote Refinery Expansion Targets 1.4mbpd by 2028
Dangote Group partners with Honeywell International to expand refinery capacity to 1.4 million barrels daily by 2028, boosting Nigeria's energy security and economic growth.
Army arrests drug pusher, recovers 108.8kg cannabis
Nigerian Army troops intercept 108.8kg of cannabis in Kogi, arresting a suspect in a Toyota Camry. This major bust aims to disrupt criminal networks and enhance public safety. Read more.
NNPC Targets 2026 for Refinery Partners, Posts N5.4tn Profit
NNPC Limited announces June 2026 timeline to select technical partners for Port Harcourt, Warri and Kaduna refineries rehabilitation while revealing record N5.4 trillion profit for 2024.
Petrol Prices Fall Below NNPC Rate Amid Import Surge
Major Nigerian filling stations slash petrol prices below NNPC rates as imports surge. Discover how this impacts consumers and market competition.
Dangote Refinery to Fine Marketers Over Leaking Trucks
Dangote Petroleum Refinery warns marketers against leaking fuel tankers, threatening fines and suspension. Safety concerns rise amid Nigeria's tanker explosion crisis claiming hundreds of lives.
NDLEA seizes drugs hidden in machine parts at Lagos airport
NDLEA intercepts methamphetamine, cocaine, and cannabis concealed in imported machine cylinders and auto parts at Lagos airport. Multiple arrests made nationwide in major crackdown on drug trafficking ahead of festive season.
20 Filipinos Arrested as NDLEA Seizes Cocaine in Lagos
NDLEA intercepts 20kg of cocaine from Brazil, arrests 20 Filipino crew members at Apapa port. Agency chairman vows zero tolerance for drug trafficking. Read the full details.
US sanctions hit Lukoil's Bulgaria refinery operations
Bulgaria takes control of Lukoil's Neftochim refinery to avoid US sanctions. Learn how this affects fuel supply in Southeast Europe and the search for new buyers.
NDLEA Intercepts Cocaine Ship at Lagos Seaport
Nigeria's drug enforcement agency intercepts MV Nord Bosporus with 20kg cocaine from Brazil. Captain and 19 crew detained as court grants 14-day investigation period. Read full details.
Teacher, wife arrested with 4.7 tonnes of marijuana
NDLEA arrests Cross River teacher and wife for possessing 360 bags of marijuana weighing 4.706 tonnes. Suspects claim drugs belonged to absconded tenant. Investigation ongoing.
NDLEA seizes 1,455kg of cannabis in Edo
NDLEA Edo intercepts two buses with 1,455kg of cannabis. The drug cartel abandoned the vehicles and fled. Commander Ofoyeju vows to intensify the fight against drug trafficking.
Drug traffickers abandon 1,455kg cannabis in Edo
NDLEA operatives intercept two Sienna buses carrying 1,455kg of cannabis in Edo State. Traffickers abandoned vehicles and fled. Commander issues stern warning to drug cartels.
Dangote Refinery Takes Credit for Petrol Price Cut
Dangote Petroleum Refinery asserts responsibility for recent petrol pump price reduction, citing gantry price cuts independent of government tariff reversal. Read full details.
Petrol Price Cut: NNPC Sells at N910 in Lagos
NNPC has reduced petrol prices across Nigeria, offering relief to motorists. Dangote Refinery clarifies the reason behind the price adjustment. Read for full details and state-by-state breakdown.
Drug traffickers abandon 1,455kg cannabis in Edo
NDLEA operatives recover 1,455kg of cannabis after traffickers abandon two Sienna buses in Edo State. Commander Mitchell Ofoyeju warns drug cartels as investigation continues.
Imo Secures 30.6 Hectares for Modular Refinery
Imo State government acquires 30.6 hectares in Nekede for Iheoma Marginal Field modular refinery project, promising job creation and economic boost for the region.
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