Tinubu’s ban on foreign goods major boost for Nigerian economy — Stakeholders
Stakeholders have expressed support for President Bola Ahmed Tinubu’s recent decision to ban foreign goods, describing it as a critical move to boost local businesses like Dangote Refinery and Innoson Motors amidst Nigeria’s struggling economy. The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf; CEO of SD & […]
‘Cabals’ still fighting against our refinery — Dangote
The Chairman of Dangote Group, Alhaji Aliko Dangote, has revealed that certain powerful individuals in Nigeria’s oil and gas sector are still working against the success of his $20 billion refinery project. Despite these challenges, Dangote remains optimistic about overcoming them. He expressed his unwavering commitment to ensuring the refinery succeeds, stating that he is […]
NNPCL reduces fuel price to N910 per litre
The Nigerian National Petroleum Company Limited (NNPCL) has lowered the price of petrol at its stations. The new pump price is now N910 per litre, down from N935. This change was noticed at several NNPCL outlets in Abuja, including Kubwa Expressway, Zone 4, and Gudu. The N20 price drop has attracted many drivers to NNPCL […]
Filling stations shut after Dangote Refinery’s petrol price drop
Some fuel stations in Abuja have stopped selling petrol after Dangote Refinery lowered its petrol price to N835 per litre on April 16, 2025. For the past five days, stations like MRS along Kubwa Expressway have been closed. An MRS worker said they are unable to sell their old petrol stock without losing money because […]
Dangote Refinery: Why fuel price may hit above N1,000 per litre – PETROAN President, Gillis-Harry
Petrol prices in Nigeria have recently increased from N860–N880 to between N930 and N960 per litre at some filling stations, including those owned by Dangote Refinery’s partners. According to Billy Gillis-Harry, the President of the Petroleum Retailers Outlets Owners Association of Nigeria (PETROAN), the price may soon hit N1,000 per litre. He shared his insights […]
Private Depots Increase Petrol Price To ₦900/Litre
Private oil depots in Nigeria have increased the price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦900 per litre. This is a rise from over ₦890 per litre seen over the weekend. The increase is mainly due to the rising cost of crude oil and other global market factors. The cost of […]
Fuel price, Naira-for-crude: Dangote Refinery blackmailing Nigerian govt – Marketers, depot owners
Petroleum marketers and depot owners in Nigeria have accused Dangote Refinery of trying to pressure the government into continuing the Naira-for-crude sales deal. This comes at a time when there is uncertainty about the price of premium motor spirit (PMS), also known as petrol. The Nigerian government had planned a meeting on Monday to discuss […]
Fuel price: Nigerian govt schedules meeting over Naira-for-crude deal with Dangote Refinery
The Nigerian government will hold a meeting on Monday to discuss the future of its Naira-for-crude agreement with Dangote Refinery. This comes after Dangote Refinery recently stopped selling petroleum products in Naira, raising concerns about fuel prices. According to sources in the Ministries of Petroleum Resources and Finance, the meeting will address crude oil supply […]
Fuel price may drop further as landing cost drops to N774/litre
Nigerians may soon see a reduction in fuel prices as the cost of importing petrol has dropped significantly. According to the Major Energies Marketers Association of Nigeria (MEMAN), the landing cost of petrol is now N774.82 per litre, which is lower than Dangote Refinery’s ex-depot price of N825 per litre. The main reason for the […]
Why retailers, marketers dump Dangote Refinery petrol for import – Stakeholders
Even though Dangote Refinery and other local refineries are producing petrol, Nigeria still imports fuel. Stakeholders in the petroleum industry say this is due to price competition, supply gaps, and concerns over monopoly. The President of the Petroleum Products Retail Outlet Owners Association, Billy Gillis-Harry, and the Chairman of the Major Marketers Association of Nigeria, […]