Tag: oil and gas Nigeria

Gabriel Ogbechie, chairman of Eterna Plc.
BusinessHot News

Nigerian oil mogul Gabriel Ogbechie loses $10 million from Eterna stake

Gabriel Ogbechie’s stake in Eterna Plc drops by $10 million as shares fall 32% on the Nigerian Exchange amid weak earnings.

Timilehin Adejumobi Timilehin Adejumobi
Nigeria’s local refining rises as Dangote Refinery supplies 62% of petrol
BusinessTechnology

Dangote Refinery dominates as petrol market share hits 62%

Nigeria’s fuel market is entering a new phase as local refining begins to play a larger role in meeting demand, easing pressure on imports and reshaping supply patterns across the country. Fresh data shows a steady rise in domestic petrol output, with the balance tilting toward local production after years of reliance on foreign shipments.  At the center of this…

Oluwatosin Alao Oluwatosin Alao