NNPCL Slashes Petrol Price to N899 Per Litre
In a move to ease the financial burden on Nigerians, the Nigerian National Petroleum Company Limited (NNPCL) has slashed the price of Premium Motor Spirit (PMS), commonly known as petrol, to N899 per litre. This reduction comes after the price was previously set at N1,020 per litre. The Petroleum Products Retail Outlets Owners Association of […]
BREAKING: Dangote Slashes Petrol Price To N899 Per Litre
In a move aimed at offering relief to Nigerians ahead of the holiday season, Dangote Petroleum Refinery has reduced the price of petrol (Premium Motor Spirit, PMS) to N899.50 per litre. This change, announced early Thursday morning, is set to provide some much-needed comfort to consumers during this busy time of year. The company said […]
Dangote Refinery Slams NNPCL For Claiming It Gave The Company $1bn Loan
Dangote Refinery, owned by the Dangote Group, has rejected claims by the Nigerian National Petroleum Company Limited (NNPCL) that it received a $1 billion loan from the state-owned oil firm. The refinery’s spokesperson, Anthony Chijiena, referred to the claim as misinformation. The issue arose when NNPCL’s spokesperson, Olufemi Soneye, stated that NNPCL secured a crude-backed […]
NNPCL Supported Dangote Refinery Establishment With $1 Billion Loan – Official
The Nigerian National Petroleum Company Limited (NNPCL) has announced securing a $1 billion loan, backed by crude oil, to support the Dangote Petroleum Refinery. This move aims to address liquidity challenges and ensure the 650,000 barrels-per-day refinery becomes fully operational. Speaking at the Energy Relations Stakeholders Engagement in Abuja, Mr. Olufemi Soneye, NNPCL’s Chief Corporate […]
Dangote Refinery Extends Export To Three African Countries
The Dangote Refinery has recently expanded its reach by exporting Premium Motor Spirit (petrol) to several African countries, including Cameroon, Angola, Ghana, and South Africa. This marks a significant achievement for the refinery, which is part of the larger Dangote Industries, founded by Nigerian billionaire Aliko Dangote. Devakumar Edwin, the Vice President of Oil and […]
Marketers Start Direct Fuel Supply from Dangote Refinery
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has started buying petrol directly from the Dangote Refinery. This milestone agreement aims to streamline fuel distribution and reduce costs by cutting out middlemen. IPMAN began lifting petrol from the Dangote Refinery in late November 2024. Initially, the products were accessed through MRS Oil as a temporary […]
Fuel Imports Reach 2.3 Billion Litres Despite Dangote and Port Harcourt Refineries
Nigeria’s fuel imports have surged to 2.3 billion litres between September 11 and December 5, 2024, even though the Dangote and Port Harcourt refineries have begun production. This continued importation has raised questions about Nigeria’s fuel supply strategy. The Dangote Refinery, with a production capacity of 650,000 barrels per day, started operations on September 15, […]
IPMAN Announces Petrol Price Cut Due to Dangote Refinery Deal
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has made a significant announcement that will directly impact petrol prices in the country. After securing a deal with Dangote Refinery, the association revealed that the price of petrol will drop by N50. This move is expected to bring some relief to Nigerian consumers who have been […]
HURIWA Claims Tinubu Uses Fuel Price Hikes to Enrich His Cronies
The Human Rights Writers Association of Nigeria (HURIWA) has raised serious concerns about the ongoing rise in fuel prices, claiming that it is part of a deliberate agenda by President Bola Tinubu to benefit his close associates. HURIWA argues that these constant price hikes are not driven by market forces but are part of a […]
Bolaji Akinyemi: US Election Reflects “Crude Values Over Refinement”
Former Nigerian Foreign Affairs Minister, Professor Bolaji Akinyemi, recently spoke out about the results of the US election, expressing disappointment in what he described as a “victory for crudity over refinement.” In an interview with ARISE NEWS, Akinyemi voiced concerns over the values reflected by the outcome, suggesting that it harms America’s role as a […]