Petrol Price to Hit N905/Litre This Year - CBN   The Central Bank of Nigeria (CBN) has projected that the pump price of petrol would hover around N950 per litre in the year 2026. The CBN stated this in its 2026 Macroeconomic Outlook for Nigeria. In its...

Dangote Refinery Reduces Crude Intake Amid Operational Challenges   Amid its recent struggle to meet local fuel demand, the Dangote Petroleum Refinery has reportedly reduced its crude oil purchases this month following operational setbacks that have slowed output. The refinery is expected to purchase fewer than 300,000...

Dangote Refinery Targets 650,000bpd Production by June The Dangote Petroleum Refinery is set to ramp up its crude oil imports due to inadequate supply from the Nigerian National Petroleum Company Limited (NNPC) which is struggling to meet the refinery's fuel production needs at its $20...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Osun State has issued a warning to petroleum marketers against hoarding and all forms of illegal practices before, during and after Christmas celebrations. 

Dangote Refinery and Nigeria's Energy Future, by Aremu Ebunoluwa Toluwani   Nigeria's energy landscape is on the cusp of a transformation as Alhaji Aliko Dangote, one of Africa's most influential industrialists, announced the commencement of Premium Motor Spirit (PMS) production at the Dangote Refinery. In a recent...

The Independent Petroleum Marketers Association (IPMAN) has issued a stern warning that it will shut down its 30,000 stations nationwide if the Federal Government's outstanding debt of N200 billion isn't settled promptly.