ALO360

Saudi Shuts Ras Tanura Refinery After Iranian Strikes, Boosting Profit Outlook for Nigeria’s Oil Sector

Saudi Arabia has reportedly shut down the Ras Tanura Refinery, one of the largest oil refining facilities in the world, following Iranian strikes that heightened tensions in the Gulf region and disrupted operations. The temporary closure of such a critical energy asset is expected to send shockwaves through global oil markets. Tightening refined product supply…

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FG Partners to Distribute 4 Million Solar Cookstoves Nationwide Under Green Initiative

The Federal Government has signed a Memorandum of Understanding (MoU) to distribute four million ECOCA solar cookstoves units to households across Nigeria, in a major push toward clean energy adoption and women-focused economic empowerment. The initiative will implemented under the Green Economy Empowerment 774 (GEE774) programme. Of the Federal Ministry of Women Affairs and Social…

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FG Halts NNPC Revenue Deductions, Mandates Direct Oil Payments to Federation Account

The Federal Government has moved to tighten oversight of Nigeria’s petroleum revenues. By ordering an immediate halt to certain deductions previously made by the NNPC Limited, directing instead that oil proceed paid straight into the Federation Account. The decision reached at the inaugural meeting of the Implementation Committee for Executive Order 9. Signed by President…

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