Tinubu has the final say’ — NNPC breaks silence on Mele Kyari’s exit
The Nigerian National Petroleum Company (NNPC) has addressed rumors about the possible exit of its Group Chief Executive Officer (GCEO), Mele Kyari, in January 2025. Contrary to reports suggesting Kyari’s retirement at 60, NNPC spokesperson Olufemi Soneye has clarified that these claims are false. Soneye, in an exclusive interview with DAILY POST, stated that Kyari’s […]
Port Harcourt refinery stops operation again, NNPC keeps mum
The Port Harcourt Refinery, a state-owned facility in Nigeria, has reportedly halted its operations again, just weeks after resuming production. This news comes as a surprise to many, considering the refinery had recently undergone a significant $1.5 billion rehabilitation. According to a member of the Petroleum Tanker Drivers (PTD), petrol lifting at the refinery stopped […]
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, […]
Yabagi Sani Claims Tinubu is Being Used as a Shield for NNPC Corruption
Yabagi Yusuf Sani, the National Chairman of the Action Democratic Party (ADP), has accused President Bola Tinubu of being used as a shield to protect the corruption taking place in the Nigerian National Petroleum Company Limited (NNPCL). Sani, a former presidential candidate, expressed frustration over the lack of action on the growing corruption in the […]
Port Harcourt Refinery Suspends Operations Again Shortly After Restart, Loading Bay Left Empty
The Port Harcourt Refinery, which recently resumed operations, has once again come to a halt. This latest pause, just days after the excitement of its reopening, has left many Nigerians questioning the refinery’s future. On Friday, a visit to the refinery showed that there was no activity on-site, with workers explaining that the refinery was […]
Tonye Cole Explains Why Fuel Prices Won’t Drop to N700 at Port Harcourt Refinery
Tonye Cole, a former governorship candidate in Rivers State, has explained why it’s not possible for fuel prices in Nigeria to drop to N700 per litre at this time. Despite recent developments in Nigeria’s oil industry, including the announcement that the Port Harcourt refinery has started refining crude oil, Cole says that several factors are […]
Peter Obi Applauds NNPC for Revamping Port Harcourt & Kaduna Refineries
Peter Obi, a prominent Nigerian politician, has congratulated the Nigerian National Petroleum Corporation (NNPC) for successfully revamping the Port Harcourt refinery. This revitalization, which brings the refinery back into operation, has a capacity to produce 60,000 barrels of crude oil per day. Around 200 trucks will be able to load products from the refinery daily, […]
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 […]
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 […]
Petrol Prices Rise to ₦1,350 Per Litre in Osun State: Impact on Motorists and the Economy
Petrol prices in Osun State have sharply increased, with reports indicating that consumers are now paying between ₦1,350 and ₦1,400 per litre at various petrol stations. This significant price hike follows a decision by the Nigerian National Petroleum Company Limited (NNPC) to raise prices on Wednesday, leading to immediate adjustments at filling stations across the […]