Petrol: Oil Marketers Propose N550/litre Price to Dangote AS the Nigerian National Petroleum Company, NNPC Limited, moves to end petrol scarcity in Lagos and its environs, Dangote Refinery and oil marketers have intensified efforts at taking final decisions on pricing and delivery of petrol to...

NNPCL Debunks Rumour of Imminent Fuel Price Increase  The Nigerian National Petroleum Company (NNPC) Ltd. has assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. The NNPC in a statement on Wednesday by its...

Dangote Refinery Receives Third Crude Shipment Of 1m Barrels Nigeria’s Dangote refinery has received its next one-million-barrel crude oil cargo from Shell International Trading and Shipping Company Limited (STASCO), bringing the total to three million barrels at the facility’s Single-Point Mooring. The fourth shipment which is...

Yuletide: Nigeria's Oil Price Rises $81.11 per barrel in One Week The price of Nigeria’s Bonny Light, rose to $81.11 per barrel, from $78 per barrel it closed last week, indicating an excess of $3.15 per barrel against the 2024 budget reference price of $77.96...

Port Harcourt Refinery Ready This Month - NNPC The end of December timeline for mechanical completion of the Port Harcourt Refinery Company (PHRC) remains sacrosanct, says the Nigerian National Petroleum Company Limited (NNPCL). “We have said from time that by the end of December, the mechanical...

Nigeria’s Oil Output Rises 30% to 1.6m bpd in 2023 Nigeria's crude oil production, including condensate, rose year-on-year, YoY by 30 per cent to 1.6 million barrels per day, bpd in October 2023, from 1.2 million bpd recorded in the corresponding period of 2022. But on...