Dangote Blames Crude Shortage as US Imports Rise   The President of the Dangote Group, Aliko Dangote, says his 650,000-barrel capacity refinery is “increasingly” relying on the United States for crude oil. This came as findings showed that the Dangote Petroleum Refinery is projected to import a...

Marketers Caution FG on Hasty Fuel Import Ban   Marketers have argued that Nigeria cannot ban fuel importation now, saying the country’s refining capacity is still low. The marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlet...

NNPC, Marketers Import 633m Litres of Fuel to Address Domestic Shortfall   In a move to address the domestic fuel shortage, the Nigerian National Petroleum Company Limited (NNPCL) and other downstream oil sector marketers brought in a substantial volume of petroleum products in January 2025. The latest...

Dangote Amends Suit, Insists Ban On Fuel Import   The Dangote Petroleum Refinery and Petrochemicals FZE has approached the Federal High Court in Abuja to amend its suit against the Nigerian National Petroleum Company Limited and others to read the actual name of the entity. Recall that...

NNPCL May Halt Petrol Import As Depots Price Nears N1,000/Litre The pump prices of Premium Motor Spirit, popularly known as petrol, may rise above N1,000/litre in filling stations as the cost of the commodity in some private depots has been increased to between N920 and...

After Subsidy Removal Fuel Import Decline by 1billion Litres – NBS The country’s monthly petrol import was reduced by about 1 billion litres after President Bola Tinubu removed fuel subsidy in June, a report by the National Bureau of Statistics has shown. The NBS report indicated...