Oil

Refinery Cushions Petrol, Diesel Prices - Dangote Official In Nigeria, a senior official of the Dangote Group has disclosed that its refinery has been cushioning petrol and diesel prices for local buyers. The move comes amid rising…
Read More...

NNPC Refineries Are Beyond Repair - Obasanjo In Nigeria, former President Olusegun Obasanjo said the nation’s refineries may never work again, raising concerns about the oil sector. He spoke during a television interview on Saturday…
Read More...

Nigeria Fuel Prices Set To Fall The reopening of the Strait of Hormuz on Friday has led to a drop in global crude oil prices, raising expectations of lower petrol costs in Nigeria. The waterway had earlier faced tension linked to…
Read More...

Senate Summons NNPCL Over N210trn Missing Funds Nigeria’s Senate has ordered the Nigerian National Petroleum Company Limited to appear before it by April 29, 2026, over N210 trillion yet to be accounted for. The directive came from…
Read More...

Imported Petrol Cheaper Due To Low Quality - Refinery The Crude Oil Refiners Association of Nigeria has challenged claims that imported petrol is cheaper than locally refined fuel, saying the difference comes from quality, not…
Read More...

Atiku Criticizes Tinubu Fuel Comparison Former Vice President Atiku Abubakar has criticised Bola Ahmed Tinubu over recent comparisons of fuel prices between Nigeria and other African countries. He argued that such comparisons ignore…
Read More...

Dangote Cuts Petrol Price Again Dangote Refinery has reduced the price of petrol back to ₦1,200 per litre after a recent increase. The adjustment comes shortly after a period of rising costs that had pushed the price higher across…
Read More...

Dangote Clears Air On Petrol Price Dangote Refinery and Petrochemicals has dismissed reports of a fresh hike in petrol price, stating that loading is still ongoing at the existing rate. The clarification follows claims that the…
Read More...

NNPC Increases Dangote Crude Supply The Nigerian National Petroleum Company Limited has increased crude oil allocation to the Dangote Refinery to seven cargoes for May. This marks a rise from the five cargoes previously supplied…
Read More...

EFCC Re-arraigns Oil Firm CEO Over Fraud The Economic and Financial Crimes Commission has re-arraigned Abubakar Ali Peters, chief executive of Nadabo Energy Limited, over an alleged N1.4 billion oil subsidy fraud in Lagos. The case…
Read More...