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...
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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),...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has attributed the recent increase in fuel prices to market deregulation. According to Mr. Chinedu Ukadike, IPMAN’s Public Relations Officer, “This is the nature of a deregulated market, prices rise and fall based on market forces and each marketer’s supply costs.”...
By OLA MODUPE, Ibadan – National Emergency Management Agency (NEMA) has sounded the alarm on the dangers of scooping fuel from accidented tankers, citing the devastating consequences of loss of lives and property. According to NEMA‘s Head of Operations in Ibadan, Mr. Kadiri Olanrewaju, the practice has led to...
Comptroller-General of the Nigeria Customs Service, Bashir Adeniyi, said Operation Whirlwind intercepted 39,425 litres of petrol worth ₦39.4 million within Lagos-Ogun axis. Mr Adeniyi disclosed this on Friday at a news conference in Lagos, organised following recent petroleum product seizures by Operation Whirlwind at the Federal Operations Unit, Ikeja....
Dangote Petroleum Refinery has announced a fresh cut in the pump prices of Premium Motor Spirit (petrol) nationwide. The new rates now range from ₦875 to ₦905 per litre, depending on location. A breakdown of the revised prices shows, Lagos:₦875, South-West ₦885, North-East: ₦905, North-West & Central: ₦895, and...
Dangote Petroleum Refinery and Petrochemicals has reaffirmed its commitment to maintaining stable petrol prices, even as global crude oil prices continue to fluctuate. The affirmation is contained in a statement issued on Monday in Lagos, the Group Chief Branding and Communications Officer of the company, Mr Anthony Chiejina. Chiejina...
The Federal Government on Wednesday directed the management of the Nigerian National Petroleum Company Ltd. (NNPCL) to increase oil production beyond current levels by the end of the year. The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, said this in an interview with the News Agency...
The Dangote Refinery has announced another reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N865 to N835 per litre. The Group Chief Branding and Communications Officer of Dangote, Anthony Echiejina, disclosed this in a statement on Wednesday in Lagos. Echiejina said that...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said the country has significantly reduced its importation of Premium Motor Spirit (PMS). The Chief Executive Officer, NMDPRA, Farouk Ahmed, said this during the Meet-the-Press briefing series organised by the Presidential Communications Team (PTC) at the State House in...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has said the recent drop in global crude oil prices has sparked hopes of a corresponding reduction in petrol prices in Nigeria National President, PETROAN, Dr Billy Gillis-Harry, while reacting to recent development in the oil and gas sector...
Dangote Petroleum Refinery and Petrochemicals has reviewed its ex-depot (gantry) loading cost of petrol to ₦867 per litre. It was gathered that the $20bn refinery informed its marketers and customers of the slash on Thursday. An official at the refinery confirmed the price reduction from ₦880 to ₦867 per...
The Federal Government has said its naira-for-crude initiative with local refineries is not a temporary measure but a “key policy directive designed to support sustainable local refining”. The government also said the initiative is still in effect and will continue immediately, overruling the decision of the NNPCL under its...
Dangote Petroleum Refinery has began exporting refined petroleum products to many African, European, American and Asian markets. The Deputy Regional Director, South East, Dangote Cement, Mr Ayirioritse Okerentie, made the disclosure at the ongoing 36th Enugu International Trade Fair on Dangote Special Day. The regional director listed the products...
Dangote Industries Ltd. says it would ensure that Nigeria becomes self-sufficient in cement, agriculture, mining and petroleum production. The Regional Sales Director, Southeast, Dangote Cement, Dr Abayomi Shittu stated this in an interview with the News Agency of Nigeria (NAN) in Enugu on Sunday at the ongoing 36th Enugu...