FG Lauds Naira-for-Crude Deal Milestones   The Federal Government’s drive to boost the naira through local sales of crude oil and refined petroleum products has recorded significant progress, according to the Technical Sub-Committee overseeing the policy’s implementation. This was revealed during a high-level follow-up meeting of the...

Nigeria to Become Net Petrol Exporter Within Two Years - PETROAN The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has projected that Nigeria will transition into a net petroleum export nation within the next two years. Billy Harry, PETROAN President, spoke during his 65th...

Again, Dangote Refinery Slashes Petrol Price to N835 per liter Dangote Petroleum Refinery and Petrochemicals has again reduced the cost of petrol to N835 per liter. This is the second time this April, 2025, that Dangote will be reducing its petrol price. The Refinery informed its customers...

Trump Tariffs Threaten Nigeria's Economy as Oil Price Slumps - FG The CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, says the ongoing instability in global oil markets is negatively impacting Nigeria’s economy. He said while falling petroleum product prices may benefit...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has slashed the price of natural gas for power generation companies.

Nationwide Petrol Price Drop Predicted as Dangote Switches to Naira Sales   Twenty-two days after suspending the sale of petroleum products in naira, the Dangote Refinery has resumed sales of its refined petroleum products to its partners and marketers in the local currency. The 650,000 barrels facility...