Dangote Refinery Pledges Uninterrupted Fuel Supply, Cites Tariff Policy as Boost to Local Industry
The Refinery currently produces over 45 million liters of PMS and 25 million liters of diesel daily.
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CNG Price Hike Raises Fresh Inflation Concerns In Nigeria
The price of Compressed Natural Gas (CNG) in Nigeria has risen from between ₦230 and ₦320 to ₦380 and ₦450 per Standard Cubic Meter (SCM). This development, which represents an increase of 65 per cent for commercial vehicles and 40 per cent
Cooking Gas Price Records Marginal Drop In July
The prices of Liquefied Petroleum Gas (LPG), also known as cooking gas in Nigeria, have experienced a drop in recent times, offering some relief to households. According to the LPG Price Watch for July 2025 released by the National Bureau of Statistics (NBS), the average
US Prison Date Set for Ex-NNPC Official in $2.1m Bribe Scheme
A U.S. court has scheduled December 1 for the sentencing of Paulinus Okoronkwo, a former general manager of the Nigerian National Petroleum Corporation (NNPC)’s upstream division, who faces up to 25 years in prison after being convicted of accepting a $2.1 million
Tinubu Commissions 40,000 CBM LPG Vessel in South Korea, Boosts Africa’s Clean Energy Capacity
President Tinubu has reaffirmed Nigeria’s drive to strengthen clean and sustainable energy supply across Africa with the commissioning of a 40,000 cubic meters Liquefied Petroleum Gas (LPG) vessel in Ulsan, South Korea. The vessel, named MT Iyaloja (Lagos), is owned by WAGL
Lokpobiri Urges Dangote, Other Local Refiners To Process Nigerian Crude
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that Nigeria’s crude oil remains one of the best in the world and called on Dangote Refinery and other domestic refiners to take advantage of the high quality instead of depending
Dangote Refinery Cuts Diesel Price To ₦960 Per Litre
Dangote Petroleum Refinery has announced a reduction in its ex-depot price of diesel to ₦960 per litre, a ₦30 price cut from ₦990 sold previously. This was confirmed by the refinery’s spokesperson, Anthony Chiejina, who said it takes effect from 20 August.
Dangote’s Frequent Price Cuts And Ripples Of Intense Competition In Nigerian Fuel Market
The Nigerian fuel market is experiencing a significant price war, driven primarily by the Dangote Petroleum Refinery’s aggressive pricing strategy and the response from the Nigerian National Petroleum Company Limited (NNPC) and independent marketers. The emergence of Dangote Refinery and the deregulation of the fuel
Oil Production Data Disparity May Affect Nigeria’s Quest For Higher OPEC Quota – Expert
Financial Analyst/Research Consultant, Ifeoma Nwokolo, has said the disparity between data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the OPEC on Nigeria’s oil production may pose a challenge in the country’s quest for a higher quota. Nwokolo, who is
Oil, Gas Service Providers Across Africa Form Alliance To Boost Local Content
Oil and gas service providers from across Africa have formed a new continental body, the African Local Content Organisation (ALCO), aimed at boosting collaboration, retaining more value from Africa’s multibillion-dollar energy sector, and driving sustainable economic growth. The organisation was unveiled on
NUPRC Fails To Achieve 50% Of 2025 Revenue Target In H1
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded 34.7 per cent of its 2025 revenue target in the first half of the year (January–June 2025), generating ₦5.21 trillion from crude oil, gas sales, and related activities. This falls short of the proportional mid-year benchmark needed to meet
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