Energy
Refinery extends U.S. WTI crude buying spree into July
Trading sources said the Dangote refinery booked at least five million barrels of U.S. WTI crude for July delivery, extending record purchases seen in June. The 650,000 bpd complex is gradually scaling operations and testing grades, with import volumes adjusting as units ramp up and undergo maintenance.
Dangote Refinery announced the import of 4,000 natural gas‑powered trucks to deliver products directly to large customers nationwide. The investment aims to lower logistics costs and improve availability by bypassing middlemen, aligning with a gradual shift to gas‑powered transport. Analysts say the move could pressure margins for traditional fuel marketers while improving supply reliability.
FBI Commends Olukoyede, EFCC for Support in Tackling Sextortion, Cybercrime
EFCC Photo News
Alleged ₦76bn, $31.5m Fraud: Witness Says Kuru Approved Arik Air Receivership Without Prior AMCON Board Approval
Alleged ₦1.4bn Oil Fraud: EFCC Re-Arraigns Nadabo Energy Boss, Ali Peters, Firm in Lagos
Alleged ₦1.06bn Fraud: EFCC Secures Court Order to Freeze Suspect’s Account
Again, Dangote Refinery Hikes Petrol To ₦1,175/Litre, Diesel To ₦1,620/Litre — Report
-
EFCC7 months agoAlleged ₦1.4bn Oil Fraud: EFCC Re-Arraigns Nadabo Energy Boss, Ali Peters, Firm in Lagos
-
EFCC1 week agoAlleged ₦1.06bn Fraud: EFCC Secures Court Order to Freeze Suspect’s Account
-
News8 months agoAgain, Dangote Refinery Hikes Petrol To ₦1,175/Litre, Diesel To ₦1,620/Litre — Report
-
News9 months agoSenate Retains Two-Year Jail Term for PVC Trading, Raises Fine to ₦5m
-
EFCC8 months agoLagos Court Jails Man 18 Months for Defrauding Sterling Bank of ₦30m
-
EFCC4 weeks ago
EFCC Hands Over Recovered ₦107m to Property Fraud Victim in Lagos
-
Economy8 months agoNaira Rebounds To ₦1,363.5/$
-
Economy8 months agoNaira Closes in the Red at ₦1,341.35/$