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FG and Dangote Reach Agreement on Petrol Supply, Distribution to Begin Tomorrow
The Federal Government announced on Friday that petrol supply from the Dangote Refinery will begin tomorrow, following an agreement on pricing and supply between both parties. The Nigerian National Petroleum Company Limited (NNPC) will serve as the sole off-taker of petrol from the refinery, while other marketers will obtain the product through NNPC. Speaking in […]
Shell profit up as high oil prices offset Russia hit
British energy giant Shell on Thursday logged soaring first-quarter net profit as surging oil prices offset a sizeable charge linked to its Russia exit. Profit after tax leapt 26 percent to $7.1 billion (6.7 billion euros) from a year earlier, Shell said in a statement. While the group took a $3.9-billion charge on its exit […]
Political Analyst Describes Obasa’s Impeachment as a Self-Inflicted Setback
On Monday, members of the Lagos State House of Assembly impeached Obasa, citing numerous statutory and financial violations. Former Lagos State House of Assembly Speaker, Mudashiru Obasa. A political analyst, Jide Ojo, has characterized the impeachment of the Speaker of the Lagos State House of Assembly, Mudashiru Obasa, as a self-inflicted setback. Speaking on a […]