Oil & Gas - Page 11

Fueling Uncertainty: What The Government’s Naira-for-Crude Policy Means For Nigeria

Fueling Uncertainty: What Government’s Naira-for-Crude Policy Means For Nigeria

The Naira-for-Crude policy was introduced by the Nigerian government as a strategic intervention initiative to address the country’s fuel supply challenges, reduce reliance on foreign exchange (FX) for fuel imports, and stabilize the

Victor Ezeja

March 11, 2025

A man holds green fuel nozzle into the petrol tank of a car at the petrol station

Finance & Economy·News·Oil & Gas·Top Stories

10 Ways Rising Petrol Imports Affect Nigeria’s Economy (And Your Wallet)

Nigeria’s petrol import bill surged by 105.3% in 2024, reaching a record-breaking ₦15.42 trillion. This sharp increase, despite efforts to ramp up local refining, has far-reaching consequences for the economy and citizens.

Elsie Udoh

March 11, 2025

Business·Oil & Gas

Naira-for-crude Deal: Dangote Refinery Got Over 48 Million Barrels – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has stated that Dangote Refinery, got supply of over 48 million barrels of crude oil under the Naira-for-crude deal since October when the scheme began.

Victor Ezeja

March 11, 2025

Business·Oil & Gas

Dangote Refinery Fuel Distribution Expands with New Partner

Dangote Refinery has expanded its fuel distribution network by partnering with Optima Energy. This new addition complements its existing partnerships with MRS Nigeria, Ardova PLC, and Heyden. The move is expected to

Emmanuel Ochayi

March 6, 2025

Business·FEATURES·Oil & Gas

Will Petrol Prices Stay Low, Or Are Nigerians Being Set Up For Another Price Hike?

In recent months, Nigerians have experienced a notable decline in petrol prices, a welcome change in a country where fuel costs have long been a contentious issue. This reduction is largely attributed

Emmanuel Ochayi

March 5, 2025

Fuel Price War Intensifies As Landing Cost Drops To N774

Business·Oil & Gas

Why Petrol Price Reduction Will Continue Until June – Rewane

Bismarck Rewane, Managing Director of Financial Derivatives Company Limited, has predicted that the ongoing petrol price reduction in Nigeria will continue until June 2025. Speaking on Channels Television’s Business Morning on Tuesday,

Emmanuel Ochayi

March 4, 2025

Business·Oil & Gas

NNPC Reduces Petrol Price To N860/ Litre As Competition Increases

The Nigerian National Petroleum Company Limited (NNPC) has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N860 per litre. This decision follows growing competition among major

Emmanuel Ochayi

March 3, 2025

Business·Oil & Gas

Dangote Refinery To Absorb Marketers’ N16bn Loss To Ensure Cheaper Fuel For Nigerians

Dangote Petroleum Refinery & Petrochemicals has announced that it will absorb a N16 billion loss by refunding N65 per litre to fuel marketers to ensure Nigerians benefit from cheaper fuel prices. In

Emmanuel Ochayi

March 3, 2025

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·News·Oil & Gas

Dangote Refinery Cuts Petrol Price by ₦65 Ahead Of Ramadan

Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, by ₦65 per litre. The price has been lowered from ₦890 to

Emmanuel Ochayi

February 26, 2025

Business·Oil & Gas

Heirs Energies Leadership Forum 2025 Rallies Public, Private Sector Leaders To Drive Nigeria’s Oil Production Growth

Leaders from the public and commercial sectors have gathered at the Transcorp Hilton Abuja for an inaugural Petroleum Industry Leadership Dialogue, organised by Heirs Energies, an indigenous integrated energy firm, with the

Victor Ezeja

February 24, 2025

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Oil & Gas - Page 11

Fueling Uncertainty: What Government’s Naira-for-Crude Policy Means For Nigeria

10 Ways Rising Petrol Imports Affect Nigeria’s Economy (And Your Wallet)

Naira-for-crude Deal: Dangote Refinery Got Over 48 Million Barrels – NNPCL

Dangote Refinery Fuel Distribution Expands with New Partner

Will Petrol Prices Stay Low, Or Are Nigerians Being Set Up For Another Price Hike?

Why Petrol Price Reduction Will Continue Until June – Rewane

NNPC Reduces Petrol Price To N860/ Litre As Competition Increases

Dangote Refinery To Absorb Marketers’ N16bn Loss To Ensure Cheaper Fuel For Nigerians

Dangote Refinery Cuts Petrol Price by ₦65 Ahead Of Ramadan

Heirs Energies Leadership Forum 2025 Rallies Public, Private Sector Leaders To Drive Nigeria’s Oil Production Growth

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Dangote’s Frequent Price Cuts And Ripples Of Intense Competition In Nigerian Fuel Market

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