NNPCL, Dangote and the Crude Supply Mess By Umar Farouk Bala For a brief moment, Nigerians dared to hope. Fuel supplies had stabilized, and prices, after months of turbulence, had begun to ease. But just as the nation exhaled, Dangote Refinery’s sudden shift in policy sent...

NNPCL Shares Set to Hit Capital Market The Nigerian National Petroleum Company Limited has revealed that it is now in the final stages of preparing for its highly anticipated listing on the capital market, by the provisions of the Petroleum Industry Act 2021. The NNPCL Chief...

Marketers Kick as Dangote Sells Fuel in Dollars, Exports to US, S/Arabia Oil marketers under the aegis of the Petroleum Products Retail Outlets Owners Association of Nigeria have rejected the decision by the Dangote Petroleum Refinery to sell refined petroleum products in dollars. PETROAN urged the...

Naira-for-Crude: Marketers Fear Price Increase as FG Suspends Sale to Dangote Following the Dangote Petroleum Refinery’s suspension of the sale of petroleum products in naira, some filling stations have started stockpiling Premium Motor Spirit, otherwise known as petrol. The retailers are storing the product to ensure...

FG Panel Reconvenes Monday to Address Naira-for-crude Crisis     The huge allocation of crude oil by the Nigerian National Petroleum Company Limited (NNPCL) to its foreign creditors is a big challenge to the supply of the commodity to domestic refiners including the Dangote Petroleum Refinery. Insiders familiar...

PENGASSAN Warns of Imminent Withdrawal of Members from Upstream Operations The Petroleum and Natural Gas Senior Staff Association of Nigeria has threatened to withdraw all its members from every upstream operation nationwide if Sterling Oil Exploration and Energy Production Company fails to immediately address the...