The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has told a Federal High Court in Abuja why it issued oil import licences to oil marketing companies in the country to import petroleum products. NMDPRA told Justice Inyang Ekwo in a counter affidavit its filed and deposed to by Idris Musa, a Senior … Read more
The Dangote Refinery has assured Nigerians that despite the recent hike in the ex-depot price of petrol, its three major partners will maintain a uniform pump price of ₦970 per litre across the country. Speaking on behalf of the refinery, Anthony Chiejina, the company’s spokesperson, attributed the adjustment to global market dynamics. In a statement … Read more
Former President of Nigeria, Olusegun Obasanjo, has made fresh claims regarding the operations of government-owned refineries in the country. He also questioned the ability of the Nigerian National Petroleum Corporation (NNPC) to run the refineries effectively. Speaking in an interview with Channels Television which was published on Thursday, Obasanjo challenged the claims by the government … Read more
A report has indicated that the Federal Government might cut its crude oil supply to the Dangote Petroleum Refinery, reducing it from the current allocation of 300,000 barrels per day. According to Punch, the reduction is expected to take place as part of adjustments under the government’s naira-for-crude initiative following the coming onstream of the … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has credited the recent drop in petrol prices to heightened competition between Nigeria’s two leading refineries — Dangote Refinery and the Nigerian National Petroleum Corporation (NNPC) Limited. Market checks revealed a significant reduction in pump prices across major retail outlets in response to lower ex-depot prices from … Read more
The Nigeria Labour Congress (NLC), Lagos Council, has lauded Dangote Refinery over the recent slash in fuel price, describing it as a timely economic relief for Nigerians. The NLC State Chairman, Funmi Sessi, who made the commendation in a statement on Wednesday, said that Dangote Refinery came at the right time. Sessi expressed … Read more
The Nigeria Labour Congress (NLC) has praised Dangote Refinery for its recent decision to lower fuel prices, characterizing it as a timely economic relief for the Nigerian populace. In a statement to the press on Tuesday, the NLC Chairman for Lagos Council, Funmi Sessi, emphasized that the refinery’s operations have arrived at a crucial moment. … Read more
Fuel marketers under the auspices of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have hailed the decision of Dangote Refinery to slash the price of petrol from its facility. A statement on Thursday by PETROAN spokesperson, Joseph Obele, said the price reduction would bring significant relief to car users and alleviate the … Read more
The Dangote Petroleum Refinery and the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have intensified discussions aimed at finalizing agreements for the distribution of petroleum products. On Monday, PETROAN’s National President, Dr. Billy Gillis-Harry, led the association in negotiating and signing a strategic agreement with the Dangote Refinery in Lagos, signaling growing interest … Read more
Nigeria’s petrol imports have reached 2.3 billion litres between September 11 and December 5, 2024, despite the commencement of operations at Dangote and Port Harcourt refineries. This data, provided by the Nigerian Ports Authority, highlights ongoing fuel imports, even as the nation pushes for self-sufficiency in refined petroleum. Both the Dangote Refinery, with a daily … Read more