Dangote Refinery Banks on FG, Reduces Crude Imports from Us A report by Bloomberg has revealed that the Dangote Petroleum Refinery is reducing its importation of crude from the United States, taking more of Nigeria’s oil for processing. The report stated that the 650,000 refinery is...

Despite Nigeria's oil sector's struggles with an inadequate crude supply to domestic refineries, the Independent Petroleum Producers Group (IPPG) has used the federal government to avoid compelling them to meet this need immediately.

FG to Commence Crude Oil Sale to Dangote, Others October The federal government says the sale of crude oil to the Dangote refinery in naira will commence on October 1. The ministry of finance, in a statement on Monday, said the decision was made at a...

Oil Marketers Blame Fuel Scarcity on Logistics Challenge Oil marketers have attributed this round of scarcity of Premium Motor Spirit also known as petrol, to lingering logistics challenges. This was disclosed by the President of the Petroleum Products Retail Outlets Owners Association, (PETROAN), Billy Gillis-Harry who...

NNPC Refutes $6.8bn International Oil Debt Allegation The Nigerian National Petroleum Company (NNPC) Limited says it does not owe international oil traders $6.8 billion. Reports had said the company is indebted to international oil traders to the tune of $6.8 billon and that it has not...

FG Inaugurates Cttee on Naira-based Crude Sale to Local Refineries  The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially inaugurated a technical sub-committee tasked with developing the framework for the sale of crude oil to local refineries in naira. This initiative...