Fuel Price Drops in Lagos, Abuja as Marketers Adjust Rates   Petrol prices yesterday crashed for the first time post-deregulation era. The crash can be attributed to a reduction in ex-depot price of the product announced by the Dangote Refinery from N970 to N899.50 per litre...

Port Harcourt Refinery Back in Operation, Commences Petrol Loading   After one week of inactivity, the Port Harcourt Refining Company has resumed the trucking out of Premium Motor Spirit otherwise called petrol. Recall that the refinery abruptly stopped the loading of petrol a fortnight ago as no reason was...

NNPCL $1bn Investment Claim Misleading, False, Says Dangote The Dangote Petroleum Refinery has stated that the Nigerian National Petroleum Company Limited provided inaccurate and misleading information regarding its $1bn investment in the refinery’s operations. The $20bn Lekki-based firm stressed that the facts were misrepresented in a...

NNPCL Loses Oil Blocks to TotalEnergies, Others The Nigerian National Petroleum Company Exploration and Production Limited, a subsidiary of the Nigerian National Petroleum Company Limited, lost out in the just-concluded oil licensing bid round as winners emerged on Wednesday. The winners were formally announced by the...

How FG Supported Dangote with $1bn Loan to Establish Refinery – NNPCL The Nigerian National Petroleum Company Limited (NNPCL) has revealed that the federal government through the company took a loan of $1 billion to support the Dangote refinery project when it encountered some financial...

Oil Production Rises 9%, Hits 1.7mbpd in 2024 - FG The Federal Government says Nigeria’s oil production, including condensates, jumped by 9.9 per cent to 1.69 million barrels per day in November 2024, up from 1.538mbpd recorded in October 2024 According to the latest data released...