Dangote Refinery resumes petrol loading in Naira at N1,215 per litre
•As depots, filling stations adjust prices By Udeme Akpan, Energy Editor Dangote Petroleum Refinery has resumed gantry loading of Premium Motor Spirit (PMS), also known as petrol, in naira after a week suspension, ending uncertainty in the downstream sector over its temporary shift to dollar-denominated sales. Checks by Vanguard showed that the refinery has fixed […]
Vandals attack Trans Forcados pipeline again
ABUJA — The Trans Forcados oil pipeline has again been vandalised at Oteghele axis in Bayelsa State by yet-to-be identified persons, causing a crude oil spill in the area.
Egbin Power invests N50bn
Residents of Lagos and its environs may be in for improved power supply going by the investment of N50 billion for the restoration of 220 megawatts of unit six of the Egbin Power Plant.
Nigerian banks can’t fund oil, gas exploration — Osahon
The Director of Petroleum Resources, DPR, Mr. George Osahan, has said that the banking sector is not capable of financing exploration in the oil and gas industry.
Naira devaluation has forced us to reduce prices —Bajaj
Bajaj Nigeria, manufacturers of Bajaj three wheelers says Naira devaluation has forced the company to reduce prices of its tricycle, as it plans to expand and improve on transport business with introduction of car-like four wheeler before 2015 ends.
Top 10 performing stocks
On the top 10 performing stocks last week were the shares of UAC of Nigeria Plc, Guaranty Trust Bank Plc, Mansard Insurance Plc, Flour Mills of Nigeria Plc, N.E.M Insurance Co (Nig.) Plc and Lafarge Africa Plc.
