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...
Nigeria Becomes Senegal Refinery's Key Crude Supplier — Report
Nigeria has emerged as a key crude supplier to the 30,000-barrels-per-day Dakar Refinery in Senegal, even as the country celebrated its entry into the league of oil-producing nations last year.
Senegal began pumping oil in mid-2024 from...
Dangote Group Faults PENGASSAN’s Directive to Cut Off Gas, Crude Supply
Management of the Dangote Petroleum Refinery has condemned the directive issued by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) ordering its members to halt crude oil and gas supply to...
PENGASSAN Halts Crude, Gas Supply to Dangote Refinery Amid Industrial Dispute
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has ordered the suspension of crude oil and gas supplies to the $20 billion Dangote Petroleum Refinery following an escalating labour dispute with...
Price Drop Threatens Nigeria's Capital Projects Despite OPEC Quota Compliance
The Federal Government’s ability to meet up with its targeted revenue of N41trn to foot the 2025 budget is becoming a tall order with the instability in the global price of oil.
This is even as...
