Petrol Landing Cost Drops as Naira Appreciates
The landing cost of petrol has dropped from the N981/litre recorded on September 25, 2024, to N945.63/litre as of September 27.
This is according to data released by the Major Energies Marketers Association of Nigeria (MEMAN) on Monday.
The drop...
State of the Economy: Dangote Refinery, MPR Hike and Matters ArisingÂ
By Abdulhaleem Ishaq Ringim
For years, the Dangote Refinery has been hailed as a potential lifeline for Nigeria's ailing economy. Despite its vast oil reserves, Nigeria has failed to achieve sustained economic growth and stability...
NNPC Aims to Produce 3 Million Barrels of Crude Oil Daily
The Nigerian National Petroleum Company Limited (NNPCL) is confident that it can increase crude oil production from 1.7 million barrels per day to 3 million, says Chief Corporate Communications Officer Olufemi Soneye.
Speaking in Abuja...
Dangote Refinery and the Politics of SubsidyÂ
By Haroon Aremu
Dangote Refinery and the Nigerian National Petroleum Corporation (NNPC), the two titans in Nigeria's oil sector, have become unwitting pawns in a high-stakes game of greed, corruption, and control that threatens to forever alter the landscape...
Marketers Plan to Purchase Petrol Directly from Dangote Refinery
Oil marketers are seeking to deal directly with the Dangote Petroleum Refinery instead of buying the company’s Premium Motor Spirit, popularly called petrol, from the Nigerian National Petroleum Company Limited.
Dealers under the aegis of the Independent...
$6.8bn Debt: NNPC Admission Sparks Integrity Concerns
The Nigerian National Petroleum Company Limited (NNPCL) recently shocked many Nigerians when it admitted owing petrol suppliers. The masses were not surprised that the company was in debt; rather, they found it difficult to believe that after months...
