Cyrus Ademola

Oct 22, 2024 | african-markets.com | Cyrus Ademola

The federal government has approved the sale of ExxonMobil’s onshore assets to Seplat Energy, more than two years after the $1.28 billion deal was initially agreed. The CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, confirmed this to Reuters on Monday in Abuja. The sale, first announced in February 2022, had been delayed pending regulatory approval.

Sep 27, 2024 | nairametrics.com | Cyrus Ademola

Former President Goodluck Jonathan has dismissed allegations that $49.8 billion went missing during his tenure as the President of Nigeria. Jonathan made this statement in Abuja on Thursday while speaking at the launch of a book by Dr. Shamsudeen Usman, the former Minister of Finance and National Planning, who served in his administration.

Jun 23, 2024 | flipboard.com | Cyrus Ademola

Money9 hours agoWant $13,000 in Passive Income? Invest $10,000 in These 11 Dividend Stocks247wallst.com - John Seetoo • 9h24/7 Wall Street Insights:• Inflation is continuing to advance in real costs to consumers.

Apr 2, 2024 | african-markets.com | Cyrus Ademola

Dangote oil refinery began supplying the Nigerian domestic market with petroleum products such as diesel and aviation jet fuel on Tuesday, according to sources familiar with the matter.   Abubakar Maigandi, the head of the Independent Petroleum Marketers Association of Nigeria, told Reuters that local oil marketers set the price at 1,225 naira ($0.96) per litre for diesel after securing a bulk purchase agreement, prior to adding their mark-up.

Jan 13, 2024 | african-markets.com | Cyrus Ademola

The Dangote Refinery has started production on Friday, January 12, 2024.  The largest single-train refinery in the world started operations in the early hours of Friday. Six million barrels of crude oil supply were delivered to the refinery this week, supplementing previous batches that had also been received.