Marketers to FG: Probe N11.35trn Spent on NNPC Refineries   The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has demanded that authorities fully account for an estimated N11.35tn reportedly spent on the rehabilitation of state-owned refineries, warning that continued opacity undermines confidence in the...

The Nigerian National Petroleum Company Limited (NNPC) has cancelled subsidy arrears and other debts owed by the Federal Government totalling N4.01tn, following a reconciliation of accounts between both parties.

The Federal Government has approved the write-off of about $5bn in debts owed by the Nigerian National Petroleum Company Limited (NNPC),

NNPC Refineries Privatisation to Kick Off by Q1 - PETROAN    The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has renewed its call for the privatisation of Nigeria’s four state-owned refineries, urging the Federal Government to transparently conclude the process by the first quarter...

Dangote Refinery Slashes Gantry Petrol Price to N828/Litre   The Dangote Petroleum Refinery has reduced the gantry price of its Premium Motor Spirit, PMS, also known as petrol to N828 per litre from N877 per litre, indicating a decrease of 5.6 per cent. The move comes despite...

Dangote Slams DAPPMAN, Declines NNPC Refinery Acquisition   The President of the Dangote Group, Alhaji Aliko Dangote, has rejected suggestions that he could buy one of the moribund government refineries instead of expanding the capacity of his refinery from 650,000 barrels per day to 1.4 million...