By Godwin Oritse In a move to address limited shipping capacity and the rising cost of road transportation, which have hindered its regional expansion, Dangote Industries has concluded plans to acquire its own vessels to facilitate the movement of its products from Nigeria to markets across West and Central Africa. Speaking from the perspective of […]

By Chukwunonso Okolo  United Bank for Africa Plc, has informed   shareholders and the investing public of a potential delay in the publication of its Audited Financial Statements (AFS) for the first half 2026, H1 ‘26, ended 30 June, as required by the Nigerian Exchange (NGX) listing rules. This was disclosed by the Bank in a […]

By Udeme Akpan, Energy Editor The Dangote Petroleum Refinery has been identified as the key driver behind a seven-fold increase in Nigeria’s seaborne petroleum product exports since 2023, according to the latest report by the United States Energy Information Administration (EIA). The U.S. agency disclosed that Nigeria’s seaborne petroleum product shipments averaged 561,000 barrels per […]

By Obas Esiedesa, Abuja Crude oil imports by domestic refineries rose by 151.5 per cent to 5.13 million barrels in July 2026, from 2.04 million barrels in June, according to data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The increase came as domestic crude supply to refineries fell sharply during the […]

By Obas Esiedesa, Abuja Crude oil imports by domestic refineries rose by 151.5 per cent to 5.13 million barrels in July 2026, from 2.04 million barrels recorded in June, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA. The increase came amid a sharp decline in domestic crude supply to refineries […]