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 […]
The Case Against High-Cost Fuel For Nigerians
In Nigeria, producing fuel locally is a promising development. However, setting high prices for this fuel is making life harder for many Nigerians. Even though these prices are meant to align with global standards, they don’t consider the financial challenges that ordinary people in Nigeria face. With the country’s oil resources, there’s an opportunity to […]
Dangote Refinery Denies Selling PMS Between N1, 015, N1, 028/Litre
Recently, there has been a lot of talk about the price of petrol from the Dangote Refinery. Some reports claimed that the refinery was selling petrol at a rate between N1,015 and N1,028 per litre. However, Dangote Refinery quickly denied these claims, calling them “fake news” on their official X (formerly Twitter) account on November […]
Filling Stations Raise Fuel Prices as Marketers Source Petrol from Dangote
As Nigerians face rising fuel prices, a new change has emerged in the way petrol is sourced. Recently, the federal government approved independent marketers to buy fuel directly from the newly launched Dangote refinery. This decision allows marketers to bypass traditional suppliers and access petrol locally. However, with the Nigerian fuel market now deregulated, market […]
We Have Over N40bn Outstanding With NNPC – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has recently addressed a significant delay in receiving petroleum products from the Nigerian National Petroleum Company Limited (NNPCL). According to Abubakar Garima, IPMAN’s President, association members currently have over N40 billion in outstanding product supplies with NNPCL, awaiting their long-due delivery. Garima raised these concerns during an […]
Supply Enough Petrol For Local Consumption, Tinubu Tells Dangote, Others
President Bola Ahmed Tinubu is pushing for Nigerian refineries to focus on supplying fuel for local use rather than relying on imports. This shift aims to strengthen Nigeria’s economy by reducing the constant pressure on foreign exchange and promoting the local oil industry. At a recent meeting held at the State House in Abuja, Tinubu […]
Dangote Refinery to Withdraw Lawsuit Against NNPCL and Other Companies
Dangote Refinery has decided to withdraw its court case against the Nigerian National Petroleum Corporation Limited (NNPCL) and five other companies involved in the importation of petroleum products. This clarification comes after some confusion about the ongoing legal situation. The lawsuit also names Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 […]
Dangote Petrol: IPMAN and PETROAN Suggest Potential Price Decrease
Nigeria has been grappling with soaring fuel prices, but a glimmer of hope is on the horizon as petroleum marketers prepare to buy petrol directly from the Dangote Refinery. With the Nigerian National Petroleum Company Limited (NNPC) no longer acting as a middleman, this shift is expected to reduce the cost of fuel for Nigerian […]