Naira Faces Downward Pressure as Fuel Importers Seek More Dollars   The naira is coming under renewed pressure against the United States dollar as fuel importers increase foreign exchange purchases to build inventories. Reuters reported on Thursday that the Nigerian currency, alongside those of Ghana and Uganda,...

Marketers Seek End to Petrol Importation Amid Rising Prices   The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Federal Government to halt the importation of Premium Motor Spirit, arguing that imported petrol has become more expensive than locally refined products and is frustrating...

Oil marketers have accused major importers, including AA Rano and Matrix, of fixing petrol prices at about ₦1,350 per litre, far higher than the rates offered by the Dangote Petroleum Refinery.

The Federal Government on Monday convened a meeting with Dangote Refinery, the Federal Competition and Consumer Protection Commission (FCCPC), and major petroleum marketers to address the persistent gap between falling global crude oil prices and high domestic pump prices of Premium Motor Spirit (PMS).

Crude Oil Crash Pushes Petrol, Diesel Prices Down   Petrol and diesel prices have started to decline as global crude oil prices retreat following the de-escalation of tensions in the Middle East. The reductions, led by the Dangote Petroleum Refinery and followed by some private depot...

NNPC Urged to Revive Refineries Following Dangote Snub The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, has tackled the Nigerian National Petroleum Company Limited over its attempt to increase its stake in the Dangote Petroleum Refinery despite the poor...