On 29 May 2023, President Bola Ahmed Tinubu declared the removal of fuel subsidy during his inaugural speech, ending what has been described as a long-standing fiscal drain that consumed trillions of naira annually and benefited importers, smugglers, and the elite more than ordinary citizens.

The Dangote Petroleum Refinery has accused the Federal Government and the Nigerian National Petroleum Company Limited (NNPC) of deliberately sabotaging its operations by failing to supply adequate crude oil, an allegation both the government and NNPC strongly denied.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) reported a sharp rise in revenue and profitability in April 2026, driven by higher crude oil output and stronger operational performance.

The Nigerian National Petroleum Company Limited (NNPC) is considering an NLNG-style equity partnership that could hand Chinese investors a majority stake of about 51 per cent in the Port Harcourt and Warri refineries, as part of a broader plan to rehabilitate and commercially reposition the facilities.

Import Licence Dispute Pits Dangote Refinery Against Marketers   Dangote Refinery and fuel marketers have resumed fresh hostilities over the new import licenses the Federal Government recently granted the former to ship petroleum products outside the shores of the country. Economic Confidential also reports that the largest...

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...