Dangote Refinery Faces N32.5bn Loss After Petrol Price Cut
The Dangote oil refinery is set to lose up to N32.5 billion from its 500 million-litre petrol stock following its ...
Tag: NNPC
Local Refinery Owners Confirm End of Naira-for-Crude initiative for Local Refineries
The Crude Oil Refinery-owners Association of Nigeria (CORAN) has confirmed the conclusion of the Federal Government’s Naira-for-Crude initiative, which was ...
PETROAN Warns Against Monopolies in Oil Sector, Calls for Fair Competition
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has cautioned against monopolies and unfair competition in the downstream ...
NNPC Halts Naira-for-Crude Deal, Fuel Prices May Rise
The Nigerian National Petroleum Company (NNPC) Limited has ended its naira-for-crude arrangement with Dangote Petroleum Refinery and other local ...
NNPCL Reduces Petrol Pump Price to N860 Per Litre
Some retail outlets of the Nigerian National Petroleum Company Limited (NNPCL) have reduced their petrol pump price to N860 per ...
AMCE Secures $6Millon to Boost Healthcare Access
The African Medical Centre of Excellence (AMCE), an initiative by Afrexim Bank, has raised $6 million through its foundation to ...
MRS Drops Petrol Price by N10 to N925/litre
MRS Oil Nigeria Plc has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N925 ...
Dangote Begins Fuel Export to Saudi Arabia, Pushes Capacity to 550,000bpd
The Dangote Petroleum Refinery has exported two cargoes of jet fuel—approximately 130 million litres—to Saudi Arabia, marking a significant milestone ...
Nigeria Awards 10 Gas Distribution Licences to Boost Energy Supply and Economic Growth
The Nigerian government has issued 10 new gas distribution licences to six companies, marking a major step in expanding the ...
Oil Prices Drop as Crude Falls Below $80 Per Barrel
Oil prices fell on Monday, January 27, 2025, following U.S. President Donald Trump’s call for the Organisation of Petroleum ...
