Fuel Marketers Increase Imports by 60% Despite Local Refineries   Petrol imports rose sharply by 59.5 per cent in May after months of decline, as oil marketers increased purchases from foreign suppliers despite rising output from domestic refineries, according to data obtained from the Nigerian Midstream...

Dangote Cuts Diesel Price by N200 Despite Import   Dangote Refinery has cut the depot price of Automotive Gas Oil (AGO), commonly known as diesel, by N200 per litre. The move intensifies competition in Nigeria’s downstream petroleum sector and has forced a major price adjustment. The reduction took...

Nigeria’s oil operating firms have grown from fewer than 10 before 2010 to about 117 today, following the implementation of local content policies that raised performance from under 5% in 2010 to 61% in 2025.

A new dispute has broken out in Nigeria’s downstream oil sector as petroleum marketers and depot owners opposed the Dangote Petroleum Refinery’s lawsuit seeking to stop petrol imports.

Nigerians spent at least ₦5.43 trillion on petrol in Q1 2026, according to analysis of data from the NMDPRA and the National Bureau of Statistics (NBS).

The Dangote Petroleum Refinery & Petrochemicals exported about 1.66 billion litres of refined petroleum products in April 2026, according to fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).