Author: Rareview

Image courtesy: Daily Trust By Ali Elias Lagos, Nigeria – February 27, 2025 – Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, by N65 per litre. Effective Thursday, February 27, 2025, the new price will drop from N890 to N825 per litre.  According to the refinery, this price adjustment aims to provide much-needed relief to Nigerians, particularly as the Ramadan season approaches.  With this latest reduction, Dangote petrol will be available at the following prices in partner retail outlets:  - MRS Holdings stations: N860 per litre in Lagos, N870 per litre in the South-West, N880 per litre in the North, and N890 per litre in the South-South and South-East.  - AP ...

Trading houses Vitol and Glencore will receive $380m in compensation after their gas supplier, trading firm Taleveras, won a legal battle in a London court against Nigeria’s sole liquefied natural gas producer for non-delivery of cargoes, court documents seen by Reuters showed. The report on Tuesday said the case heard in London’s High Court and Court of Appeal is the latest in a string of lawsuits brought by buyers against sellers and producers for non-delivery of cargoes after gas rallied from lows during the COVID pandemic when Russia invaded Ukraine in February 2022. It said the court proceedings focused on 19 cargoes that NLNG had been due to deliver to Taleveras in 2020-2021. Taleveras sued the Nigerian venture, known as NLNG, involving Shell TotalEnergies, and Eni, as partn...

By Ono Yima The Nigerian Content Development and Monitoring Board (NCDMB) has called for the establishment of a unified local content framework across Africa to harmonize policies and foster cross-border partnerships for mutual prosperity. This was the central message delivered by Mr. Felix Ogbe, Executive Secretary of NCDMB, during his keynote address at the 2025 Nigeria International Energy Summit (NIES) in Abuja. The summit, themed “Bridging Continents: Connecting Investors Worldwide with Africa’s Energy Potential,” is taking place from February 24 to February 27 and serves as a platform for energy industry leaders, investors, policymakers, and stakeholders to exchange knowledge, technology, and best practices on a global scale. Speaking on the topic “Unlocking Africa’s Potenti...

By Ali Elias The Nigerian Content Development and Monitoring Board (NCDMB) has strongly denied claims that it spent N9.9 billion on consultancy services, describing the allegations as baseless and misleading. In a statement released by its Corporate Communications Department, the Board criticized the spread of misinformation, noting that the alleged amount had inexplicably increased from N7.7 billion to N9.9 billion within a week. Reaffirming its commitment to transparency and due process, the NCDMB emphasized that all expenditures are conducted in strict compliance with approved financial and procurement guidelines. The Board condemned what it described as a coordinated campaign of falsehoods by certain groups masquerading as civil society organizations, accusing them of deliberatel...