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, […]
Expect more fuel price drop amid NNPC, Dangote war – PETROAN, IPMAN to Nigerians
Nigerians should prepare for further reductions in petrol prices as the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery engage in a price war. Both companies have recently lowered their fuel prices, giving consumers more options. On Monday, NNPC announced its new petrol prices, setting them at N860 and N880 per litre in different […]
Edo Assembly gives Okpebholo nod to hire consultant for funds recovery
The Edo State House of Assembly has approved Governor Monday Okpebholo’s request to hire a consultant to help the state recover funds. This decision was made during a plenary session on Thursday after the governor sent a letter to the Speaker, Blessing Agbebaku. The letter, signed by Secretary to the State Government Umar Musa Ikhilor, […]
Legal action has been taken against people spreading misinformation about NNPC – Mele Kyari
Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, has taken legal and security steps against people spreading false information about the company’s fuel quality. Recently, a viral TikTok video showed a man comparing two small generators, known as ‘I better pass my neighbour’ in Nigeria. He claimed […]
Warri Refinery Undergoes Maintenance One Month After Resuming Operation
The Nigerian National Petroleum Company Limited (NNPC) has announced that the Warri Refinery is currently undergoing routine maintenance. This comes just a month after it resumed operations, processing 125,000 barrels per day. NNPC also dismissed rumors of an explosion at the Warri Refining and Petrochemical Company (WRPC). In a statement signed by its Chief Corporate […]
Dangote Refinery To Receive 12 Million Barrels Of US Crude
The Dangote Petroleum Refinery in Nigeria is set to receive a significant shipment of crude oil from the United States. Up to 12 million barrels are on their way, set to arrive in Nigeria next month. This import comes after the refinery faced challenges with local crude supply, which is preventing it from reaching its […]
NNPC MD, Mele Kyari Seeks Forgiveness From Nigerians In 60th Birthday Post
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), recently marked his 60th birthday by sharing a personal reflection on his life and career. Kyari, who started as an Almajiri school pupil, has risen to become the leader of Africa’s largest energy company. In his heartfelt social media post, […]
NNPC Rejected Dangote’s $750m Offer To Manage Nigeria’s Refineries – Obasanjo
In 2007, the Nigerian National Petroleum Corporation (NNPC) made a controversial decision to reject a $750 million offer from billionaire businessman Aliko Dangote. The offer was for a public-private partnership (PPP) to manage the Port Harcourt and Kaduna refineries, which have long struggled with inefficiency. Former President Olusegun Obasanjo shared this story during an interview […]