NNPCL revenue, profit soar to N5.08tn, N447bn in October
The Nigerian National Petroleum Company Limited (NNPCL) recorded a major financial jump in October, reporting revenue of N5.08 trillion and a profit of N447 billion. This performance has been described as one of the company’s strongest in recent months, reflecting improved operations, rising crude output, and better market conditions. The company says the strong numbers […]
Fuel price reduction: Dangote Refinery, petrol marketers clash over reason for drop
The recent drop in petrol prices has sparked a disagreement between Dangote Refinery and petroleum marketers, with both sides offering different explanations for the reduction. While Dangote insists the price cut is a result of its efforts to stabilise the market and make fuel more affordable for Nigerians, some marketers argue that competition and changing […]
Nigeria Pledges stable investment climate for oil sector
The Nigerian government has reaffirmed its commitment to providing a stable and conducive environment for investment in the country’s oil and gas sector. Officials emphasized that regulatory reforms and policy measures are being strengthened to attract both domestic and international investors. Speaking on the matter, authorities highlighted that Nigeria aims to ensure transparency, predictability, and […]
Fuel scarcity looms as NUPENG begins nationwide strike Monday
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has announced that its members will embark on a nationwide strike starting Monday, September 8, 2025. The union explained that the move is in protest against alleged anti-labour practices connected to the use of newly imported Compressed Natural Gas (CNG) trucks from Dangote Refinery. In […]
PETROAN intervenes to halt Nigeria shutdown over unpaid N100bn bridging claim
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has taken action to prevent a nationwide fuel crisis by engaging the government over unpaid bridging claims. PETROAN’s President, Billy Gillis-Harry, said the association has started discussions with the Nigerian government to ensure the payment of N100 billion owed to petroleum marketers. This move comes […]
PETROAN: We Requested ₦100 Billion From FG To Make Petroleum Products Affordable
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has requested a ₦100 billion intervention fund from the Nigerian government. The aim is to stabilize the petroleum market, making petroleum products more affordable and accessible to Nigerians. PETROAN’s President, Dr. Billy Gillis-Harry, explained in an interview on Arise TV that the ₦100 billion fund […]