Data from the downstream regulator of the oil sector has revealed that marketers have resumed large-scale importation of refined petroleum products, choosing not to patronise local refineries.

FG to Rake in N796bn Revenue from 5% Petrol Surcharge The Federal Government is projected to generate up to ₦796 billion annually from a proposed five per cent surcharge on both locally refined and imported petrol, under a new tax policy set to take effect...

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...

The Depot and Petroleum Products Marketers Association of Nigeria (NMDPRA) says the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) efforts to streamline licensing processes have attracted $1.2bn in modular refinery investments since 2022.

Petrol Imports Decline in June – Marketers  Nigeria’s import of Premium Motor Spirit, popularly known as petrol, by oil marketers fell to a record low in June, majorly driven by a ramp-up in output from the 650,000 barrels-per-day Dangote Petroleum Refinery, new data has shown. An...

FG Schedules Petrol Pricing Summit for July   The Federal Government has fixed July 23 and 24, 2025, for a national stakeholder forum to address mounting concerns over petrol pricing and supply dynamics in the downstream sector, amid growing agitation by independent marketers for price regulation. The...