The Federal Government, through the Nigerian National Petroleum Company Limited (NNPC), has begun sourcing crude oil from international traders to sustain operations at the Dangote Petroleum Refinery, amid mounting fuel price hikes.

'Nigeria Risks Oil Production Drop Without New Discoveries' The President of the Nigerian Association of Petroleum Explorationists (NAPE) Johnbosco Uche, has warned that Nigeria’s oil production could decline in the coming years if new exploration efforts and discoveries are not urgently pursued. Speaking at a media...

NNPC Has Option to Increase Stake in Dangote - Aliko   The President of the Dangote Group, Alhaji Aliko Dangote, has said the Nigerian National Petroleum Company Limited (NNPCL) has the opportunity to increase its 7.2 per cent stake in the Dangote refinery. However, Dangote said this...

Dangote Refinery Reduces Crude Intake Amid Operational Challenges   Amid its recent struggle to meet local fuel demand, the Dangote Petroleum Refinery has reportedly reduced its crude oil purchases this month following operational setbacks that have slowed output. The refinery is expected to purchase fewer than 300,000...

Cheap Crude, Strong Naira Fails to Lower Petrol Prices   The sudden jump in petrol prices from about N865 per litre to almost N1,000 has left many Nigerians confused, especially as the two main factors that determine the price, crude oil and the exchange rate, have...

Oshiomhole Slams PENGASSAN for Escalating Dangote Refinery Dispute   Former Nigeria Labour Congress president and senator, Adams Oshiomhole, has criticised the Petroleum and Natural Gas Senior Staff Association of Nigeria for escalating its disagreement with the Dangote Refinery into a nationwide shutdown of oil facilities, describing...