Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to reduce the cost of crude oil supplied to the Dangote Petroleum Refinery, warning that the current pricing structure is contributing to the sharp rise in petrol prices across the country. National President of IPMAN, Abubakar...
petrol
Price of Premium Motor Spirit (PMS), popularly known as petrol, has surged to N1,000 per litre in Uyo, the Akwa Ibom State capital, following a sudden hike that has left many filling stations closed. Findings across the city revealed that most petrol stations, including several major marketing outlets, did...
Federal Ministry of Finance has announced the commencement of the implementation of Executive Order 9 of 2026, aimed at strengthening transparency and safeguarding Nigeria’s petroleum revenues. In a press statement issued in Abuja, the ministry disclosed that the Implementation Committee for the executive order held its inaugural meeting on...
Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, has issued a detailed public response to allegations linked to businessman Aliko Dangote, firmly denying claims of financial impropriety and formally inviting anti-corruption agencies to scrutinise his assets and transactions. In a statement...
For the third consecutive year, Nigerians are counting down to Christmas without the familiar anxiety of fuel scarcity — a development that supporters of President Bola Ahmed Tinubu say is worth celebrating. With exactly ten days to Christmas, petrol is readily available across the country, selling for under ₦900...
Socio-Economic Rights and Accountability Project (SERAP) has called on Nigeria’s leading anti-corruption agencies to urgently step in over fresh allegations of corruption within the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). In a statement, SERAP urged the Code of Conduct Bureau (CCB), the Economic and Financial Crimes Commission...
Petrol will sell for ₦739 per litre across Nigeria from Tuesday, as billionaire industrialist Aliko Dangote moves to ease fuel costs and clamp down on what he described as deliberate price manipulation by marketers. The Founder and President of Dangote Group made the announcement on Sunday during a press...
Aliko Dangote has delivered a message many Nigerians have waited decades to hear—this Christmas season will not be marked by the familiar, frustrating fuel queues. Speaking with State House Correspondents on Friday after what he described as a routine meeting with President Bola Tinubu at the Presidential Villa, Abuja,...
National Bureau of Statistics (NBS) has said the average retail price of a litre of petrol witnessed a drop from N1,184.83 in October 2024 to N1,052.31 in October 2025. The NBS made this known in its Petrol Price Watch for October 2025 released in Abuja on Wednesday. It stated...
Federal Government has suspended its earlier plan to impose a 15% import duty on Premium Motor Spirit (PMS), commonly known as petrol, and Automotive Gas Oil (diesel). The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) confirmed the development in a statement posted on its official X (Twitter) handle...
Nigerian Coalition of Civil Society Organisations (NCCSO) has condemned the Federal Government’s decision to defer the 15% import duty on Premium Motor Spirit (PMS) and Diesel until the first quarter of 2026, describing it as a deliberate move that “strangulates local refineries and empowers foreign importers.” The coalition’s National...
Thousands of Nigerians under the banner of Partners for National Economic Progress (PANEP) on Monday shutdown Kaduna city in protest, calling on President Bola Ahmed Tinubu to crush those sabotaging efforts to achieve local refining of petroleum products. The protesters, who converged on the Murtala Mohammed Square before marching...
In a decisive move to stem the tide of insecurity in Kogi State, the Chairmen of Mopamuro and Ijumu Local Government Areas have issued executive orders banning the sale of petrol in jerrycans, citing its potential use by criminal elements. Announcing the directive on Friday in Mopa, Mopamuro LGA...
Nigerian National Petroleum Company Limited (NNPCL) has announced plans to secure $60 billion in investments over the next five to seven years to enhance Nigeria’s gas infrastructure and strengthen its position in the global energy market. Speaking at the Gastech Exhibition and Conference in Milan, Italy, NNPCL Group Chief...
Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has called off its industrial action after the Department of State Services (DSS) brokered a truce between the Federal Government, oil industry stakeholders, and organised labour. It was gathered that the resolution followed a high-level meeting convened in Abuja with...
Trade Union Congress of Nigeria (TUC) has warned of a nationwide strike should the Federal Government proceed with its proposed 5% tax on petroleum products. In a statement issued on Monday in Abuja, TUC President General Festus Osifo and General Secretary Nuhu Toro condemned the policy as “economic wickedness”...
Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has aligned with the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) in issuing a three-day warning of a nationwide suspension of petroleum product lifting and dispensing, set to begin Tuesday morning. This action protests what both groups call...
Federal Road Safety Corps (FRSC) in Benue State revealed that 411 Nigerians perished in 2024 while attempting to collect fuel from overturned tankers. This alarming statistic was shared by Sector Commander Steve Ayodele during a town hall meeting in Makurdi on Tuesday, aimed at addressing crash prevention with trailer...
Lagos State chapter of the Nigeria Labour Congress (NLC) has called on the Federal Government to supply crude oil to the Dangote Petroleum Refinery in naira to reduce fuel costs and bolster local refining. During a Tuesday visit to the refinery and Dangote Fertiliser Ltd. by NLC officials and...
A collision between two fuel tankers in the Dan Magaji Area along the Zaria-Kaduna Expressway in Kaduna State led to an explosion, resulting in four persons being injured and hospitalized. The incident occurred around 8:30 a.m. on a Monday morning. Unit Commander of the Federal Road Safety Commission (FRSC),...