Trump&#8217;s H-1B Visa Bill spooks India&#8217;s IT companies

Yesterday, the Naira fell to N1,600 per dollar on the parallel market, down from N1,585 per dollar on Tuesday. Similarly, ...

Trump Named 2024 Time Person of the Year

by Ikenna Ngere

Donald Trump, the United States President-elect, was named Time’s 2024 Person of the Year on Thursday, marking a historic political ...

Applications Open: United Nations Population Fund (UNFPA) Paid Internship Program

The United Nations Population Fund, or UNFPA, spearheads programs to guarantee safe pregnancies, safe deliveries, and the development of young ...

The export of the Dangote Refinery's first supply of Premium Motor Spirit (PMS), also referred to as petrol, to Cameroon marks a noteworthy milestone. The stabilisation of gasoline prices throughout West and Central Africa and regional energy integration are both significantly impacted by this development. Aliko Dangote, Africa's richest man, built the refinery in Lagos, Nigeria, which has a capacity of 650,000 barrels per day. It seeks to alter the dynamics of refined product trade in the Atlantic basin and compete with refineries in Europe. The Cameroonian energy company Neptune Oil, acknowledged that the deal was carried out directly, without the use of middlemen, even though the precise amount of the first sale was not made public. Neptune Oil and Dangote Refinery are both looking into further measures to build a dependable supply chain in an attempt to stabilise fuel prices and generate employment opportunities across the region. The company's ambition for a united and energy-independent Africa is reflected in this export, which lays the foundation for intra-continental resource refining and exchange, according to Aliko Dangote, President and CEO of the Dangote Group. With this accomplishment, Dangote Refinery has established itself as a major participant in the regional energy market and demonstrated its ability to provide Nigeria's domestic fuel needs. Additionally, it makes it easier for nearby nations like Cameroon to obtain high-quality petroleum products that are obtained locally, lessening their dependency on imports from outside the continent.

Dangote Refinery Sends First Petrol Export to Cameroon

The export of the Dangote Refinery's first supply of Premium Motor Spirit (PMS), also referred to as petrol, to Cameroon marks ...

Tinubu Will Secure Second Term in 2027, Says Presidency

The Presidency has dismissed analogies to Ghana's recent election, in which the ruling party lost, and stated its confidence that ...

Tinubu Hosts Steinmeier as Nigeria, Germany Strengthen Partnership

In an effort to improve bilateral ties, German President Frank-Walter Steinmeier travelled to Nigeria on December 11, to meet President ...

Nigerians Lead the Charge in Crypto and Blockchain Adoption – Survey

by Ikenna Ngere

Nigerians, alongside citizens from India and South Africa, are at the forefront of adopting cryptocurrencies, blockchain, and Web3 technologies as ...

Nigerian Named as Chairman of OPEC Board of Governors

December 11, 2024

Ademola Adeyemi-Bero, Nigeria's OPEC Governor in 2025, has been chosen Chairman of OPEC's Board of Governors for the same year. ...

Trump’s H-1B Visa Bill spooks India’s IT companies

by Harry Choms

December 11, 2024