Fuel: Scarcity Looms as NUPENG, Dangote Clash Nigerians may experience fuel scarcity next week as tanker drivers under the umbrella of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) threaten to stop fuel loading over the seeming cold war between them and the...

Petrol Consumption Hits ₦1.3tn in June - NMDPRA The latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority has revealed that Nigerians spent about N1.3tn on buying Premium Motor Spirit (petrol) to power their vehicles and electricity generators in June, as consumption across...

NNPC, Marketers Reduce Petrol Prices After Dangote’s Price Cut   The Nigerian National Petroleum Company Limited (NNPC) and other marketers have reduced the pump prices of Premium Motor Spirit (petrol) following Dangote Petroleum Refinery’s cut in ex-depot prices. From as high as N950 per litre on Tuesday,...

Dangote’s Net Worth Hits $29.3bn on Refinery, Cement Gains - Report The fortune of Aliko Dangote, President of the Dangote Group, has surged to $29.3 billion as of August 5, 2025, according to the latest data from the Bloomberg Billionaires Index, driven by strong performance...

Dangote’s Plan for Direct Fuel Supply Sparks Concerns of Market Disruption   The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has warned that the Dangote Petroleum Refinery’s plan to bypass existing distribution channels and supply refined petroleum products directly to end-users would lead to...

Nigerians to Buy Shares in $20bn Dangote Refinery President of the Dangote Group, Alhaji Aliko Dangote, has said Nigerians will soon become shareholders in his $20bn refinery situated in Lekki, Lagos State. Dangote stated this recently at the Global Commodity Insights Conference on West African Refined...