President Muhammadu Buhari on Monday inaugurated the $19 billion Dangote petroleum refinery in Lagos. The gigantic project is expected to be a game changer transforming Nigeria’s energy sector. Speaking at the inauguration, Buhari said the facility has the capacity to process 650,000 barrels of crude oil a day which would enable the country to achieve…

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FG temporarily suspends petrol subsidy removal

The National Economic Council (NEC), presided over by Vice-President Yemi Osinbajo, has agreed to temporarily suspend the removal of petrol subsidy. It however, said all of the preparatory works should continue in consultation with the states and other key stakeholders, including representatives of the incoming administration. TheCable reports that the resolution comes just two months…

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