Energy
Downstream Price War Between Dangote Refinery and NNPC Sparks Unethical Practices, Hurts Small Fuel Retailers
The intense price war between Dangote Petroleum Refinery and NNPC Retail Limited has sharply reduced petrol prices across Nigeria’s downstream...
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Federal Government to Deliver 175 New CNG Refilling Stations Within 18 Months
The Federal Government, through the Presidential Compressed Natural Gas Initiative (PCNGI), has announced that 175 new Compressed Natural Gas (CNG)...
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Oil Marketers Import 121 Million Litres of Petrol Amid Drop in Landing Costs
Nigeria’s oil marketers have imported a significant 121.1 million litres of Premium Motor Spirit (PMS) over a three-day period, despite...
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Oil Prices Slip Ahead of OPEC+ Meeting After Surprise Jump in U.S. Gasoline Inventories
Oil prices edged lower on Thursday following a surprise increase in U.S. gasoline inventories. Investors are also focused on the...
Read moreDangote Refinery Secures Major Deal With Oil Marketers to Supply 28 Million Litres of Petrol Daily to meet domestic petrol demands and reduce importation.
In a strategic move to strengthen Nigeria’s domestic fuel supply, oil marketers have entered into an agreement with the Dangote...
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Oil Prices Hold Steady Amid Rising Tensions in Ukraine and Increasing Chinese Demand
Oil prices remained stable for a second consecutive day on Wednesday, supported by fears of disrupted supply due to the...
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Oil Prices Rise Amid Intensified Russia-Ukraine Conflict, Demand Concerns in China Cap Gains
Oil prices saw modest gains on Monday following an escalation in the Russia-Ukraine conflict, which saw Russia launch its largest...
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Dangote Refinery to Supply 60 Million Litres of Petrol Weekly to Independent Marketers as Fuel Prices Drop
The Dangote Petroleum Refinery, located in Lekki, Lagos, has made a significant move to supply 60 million litres of Premium...
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NNPC Halts Fuel Imports, Shifts to Local Refineries Amid Government’s Push for Energy Security
In a significant shift for Nigeria’s petroleum industry, the Nigerian National Petroleum Company Limited (NNPC) has officially ceased the importation...
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Oil Prices Dip as Hurricane Threat Eases
Oil prices slipped on Friday after Hurricane Rafael, which had prompted fears of a major disruption to U.S. oil production...
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