Nigeria’s Petrol Import Bill Crashes 96% as Local Refining Gains Momentum
Nigeria's expenditure on the importation of Premium Motor Spirit (PMS), commonly known as petrol, dropped by more than 96 per ...
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Tag: #EnergySector
NNPC Revenue Jumps 79% to N4.97tn in April as Profit Hits N481bn
The Nigerian National Petroleum Company Limited (NNPCL) has reported a sharp increase in revenue and profit for April 2026, reflecting ...
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Nigeria’s Petrol Price Jumps to N1,532 Per Litre in April – NBS
Nigeria’s inflationary pressure on transport fuels intensified in April 2026 as the average retail price of Premium Motor Spirit (petrol) ...
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NMDPRA Boss Unveils Reform Agenda to Strengthen Regulatory Efficiency
The Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Rabiu Umar, has unveiled a ...
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Seplat Energy Sees Higher Cash Flow Opportunity From Rising Oil Prices
Chief Executive Officer of Seplat Energy, Roger Brown, has said ongoing tensions between the United States and Iran could drive ...
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Seplat Targets $1bn Shareholder Dividends as Production Expansion Gains Momentum
Seplat Energy has projected that it will deliver $1bn in shareholder dividends over the next four to five years as ...
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DisCos Warn Lagos Against Scrapping Electricity Band Classification
Electricity distribution companies have criticised the Lagos State Government’s proposed plan to phase out electricity customer band classification, warning that ...
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Aliko Dangote Eyes Kenya for Proposed $17bn East Africa Refinery
Africa’s richest man, Aliko Dangote, is considering Kenya as the preferred location for a proposed 650,000 barrels-per-day oil refinery in ...
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LASERC Issues Licences to 14 Operators, Moves to Strengthen Lagos Electricity Market
The Lagos State Electricity Regulatory Commission has reaffirmed its commitment to strengthening the Lagos electricity market through smart regulation and ...
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Dangote Refinery Denies Fuel Price Hike, Maintains Petrol Price at N1,275 per Litre
Dangote Petroleum Refinery and Petrochemicals has dismissed reports of a fresh increase in petrol prices, confirming that its ex-depot price ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.