Rivers: Tension as ruptured pipeline leaks petroleum product
A community in Rivers State is facing a serious problem after a pipeline started leaking petroleum products. The incident happened on Sunday in Obianime-Ama, Okrika Local Government Area. According to reports, the pipeline belongs to the Pipeline and Products Marketing Company (PPMC), a part of the Nigerian National Petroleum Company Limited (NNPCL). Witnesses said the […]
Dangote behind campaign against NNPC —Report alleges
The ongoing rivalry between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery has taken another turn, with reports alleging that Africa’s richest man, Aliko Dangote, is behind a campaign against NNPCL. A report by Nigeria Voice claims that Dangote’s media team sponsored a negative article targeting NNPCL and its Group Chief Executive Officer, […]
NNPC reduces PMS price
The Nigerian National Petroleum Company Limited (NNPCL) is under increasing pressure to lower its petrol prices. This comes after MRS filling station, in partnership with Dangote Refinery, announced a significant reduction in fuel pump prices. On February 9, 2025, MRS filling station lowered its petrol price to N925 per litre in Lagos, with slight variations […]
Dangote Refinery eyes fresh crude imports, targets 650,000bpd in June
The Dangote Petroleum Refinery is preparing to bring in crude oil from international sources to support its growing production needs. This step comes as local supplies from the Nigerian National Petroleum Company Limited (NNPCL) fall short of meeting demand. An insider disclosed that the refinery is now producing 500,000 barrels per day (bpd) and plans […]
Audit report uncovers N515bn infractions in NNPCL transactions
An audit report from Nigeria’s Office of the Auditor-General has uncovered a troubling financial situation at the Nigerian National Petroleum Company Limited (NNPCL) in 2021, with irregularities amounting to N515 billion. This investigation sheds light on how the company handled funds, pointing out several mismanagement issues during the year. The report details four major infractions. […]
Warri, Port Harcourt refineries: ‘Absolute insult, disrespect’ – Obasanjo slams NNPCL
Former President Olusegun Obasanjo has criticized the Nigerian National Petroleum Company Limited (NNPCL) for extending what he described as a disrespectful and informal invitation to tour the newly refurbished Port Harcourt and Warri refineries. The issue arose after Obasanjo accused NNPCL of rejecting a $750 million offer from billionaire businessman Aliko Dangote to manage the […]
New Refineries: NNPCL May Cut Crude Supply To Dangote Plant
The Nigerian government is considering reducing its crude oil supply to Dangote Petroleum Refinery. The refinery currently receives 300,000 barrels per day, but this may be lowered unless Nigeria’s oil output increases. This decision is part of the government’s efforts to adjust its naira-for-crude initiative, especially after the recent reopening of the Warri and Port […]
Marketers upbeat on further fuel price cut as Tinubu stamps subsidy removal
Nigeria’s oil marketers are hopeful that petrol prices will continue to fall in the coming days. Currently, prices are between N935 and N965 per litre, with some stations in Abuja offering the lower prices. This price drop follows President Bola Ahmed Tinubu’s decision to remove the fuel subsidy, a move he says was necessary to […]
Dangote fuel sells at N935/litre at MRS cheaper than NNPCL
In a significant development for Nigerians, Dangote petrol is now being sold at a reduced price of N935 per litre at MRS filling stations across the country. This price is N105 cheaper than what’s being sold at Nigerian National Petroleum Company Limited (NNPCL) retail outlets, where petrol costs N1040 per litre. In Abuja, the price […]
Petrol To Sell ₦935/Litre From Today – IPMAN
As of today, December 23, 2024, petrol prices in Nigeria will drop to N935 per litre. This new price is a result of a recent agreement between the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Dangote Refinery, which has adjusted its pricing structure to support a nationwide reduction in fuel costs. According to IPMAN’s […]