The Nigerian National Petroleum Company (NNPC) Limited has suspended the naira-for-crude oil swap deal with domestic refiners,

Dangote, NNPCL Petrol Price War an Advantage to Nigerians, Says Rewane Bismarck Rewane, managing director of Financial Derivatives Company, a consultancy firm says Nigerians will benefit more from the seeming petrol price war between Dangote refinery and Nigeria National Petroleum Corporation Limited. This is as as...

Dangote Sugar Annual loss Widens to N193bn Dangote Sugar Refinery Plc has reported a loss after tax of N192.6bn for the financial year ended December 31, 2024, representing a 161 per cent increase from the N73.76bn loss recorded in the corresponding period of 2023. The company’s...

How FG, IOCs Agreement Limits Crude Allocation to Local Refiners The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has revealed the reason why International Oil Companies are finding it difficult to allocate crude to domestic refiners, including the Dangote Petroleum Refinery under...

Again, Dangote Refinery Reduces Petrol Price to N860/litre  Dangote Petroleum Refinery has reduced the ex-depot price of premium motor spirit (petrol) for the second time in February, cutting it from N890 to N825 per litre. This N65 per litre reduction follows an earlier N60 per litre...

NNPCL, Dangote Refineries not Meeting 50% Local Fuel Demand - FG The Nigerian Midstream and Downstream Petroleum Regulatory Authority, has disclosed that the country’s three operational refineries contribute less than 50 per cent of the nation’s daily petrol consumption despite having a combined refining capacity...