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...
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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...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the new Nigerian National Petroleum Company Limited (NNPC Ltd.) management to activate “Petroleum Products Passport” to secure petroleum products. National President of PETROAN, Dr Billy Gillis-Harry, made the call on Sunday in an interview with the News...
Petrol prices in Lagos, Nigeria’s commercial hub, have surged by ₦70 per liter, rising from ₦860 to ₦930, adding to the financial burden of consumers. The fuel price hike has also taken hold in other regions, including Abuja and major northern cities, where petrol is now being sold at...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), has commended the Nigerian National Petroleum Company Limited (NNPC Ltd.), for successfully running the revamped Port Harcourt Refinery for 180 days non-stop National Public Relations Officer, PETROAN, Dr Joseph Obele, who gave the commendation in a statement on Tuesday,...
ActionAid has raised concerns over the ongoing crisis in the petroleum sector, sparked by Dangote Petroleum Refinery’s suspension of petroleum product sales in naira. Country Director of ActionAid Nigeria (AAN), Mr Andrew Mamedu, expresssd this concern in a statement on Tuesday in Abuja. Mamedu criticised the suspension, stating that...
Some Ibadan residents have expressed anxiety over an anticipated increase in prices of items following Dangote Refinery’s move to stop the transaction of petroleum products in Naira come March 31. The respondents shared their minds in separate interviews with the News Agency of Nigeria (NAN) in Ibadan on Tuesday....
By OLA MODUPE , Lagos- Dangote Petroleum Refinery has announced a temporary halt on the sale of petroleum products in Naira, citing a currency mismatch between its sales proceeds and crude oil purchase obligations. The company in a statement released on Wednesday, said the decision was necessary to avoid...
By HARUNA AHMED, Yola – In a renewed crackdown on fuel smuggling, the Nigeria Customs Service (NCS), through Operation Whirlwind, has once again dealt a significant blow to illicit traders in Adamawa State, intercepting 916 kegs of Premium Motor Spirit (PMS) valued at ₦22.9 million. The seizure—carried out at...
Nigeria Customs Service (NCS), has intercepted 1,149 jerrycans of Premium Motor Spirit (PMS), allegedly smuggled through the Dorofi and Kan Iyaka axis, along the Gembu-Cameroon border in Taraba. Comptroller General of Customs, Bashir Adeniyi, disclosed this on Friday in Jalingo while auctioning the seized petroleum products to the public....
By JOY ADARA, Abuja – The NNPC Gas Marketing Ltd, a subsidiary of the NNPC Ltd, and its Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd to supply natural gas to the company’s proposed Liquefied Natural Gas...
The Comptroller-General, Nigeria Customs Service (NCS), Bashir Adeniyi, says its Operation Whirlwind intercepted 245,370 liters of Petrol with Duty Paid Value (DPV) of NGN238.1 million in less than three months. Adeniyi made this known on Monday at a news conference in Lagos convened because of the recent petroleum products...
By OLA MODUPE, Lagos- Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025. A statement issued on Wednesday by the management of the...
The Dangote Petroleum Refinery has achieved a major milestone, meeting 100% of Nigeria’s petrol needs, according to the President of Dangote Industries Limited, Aliko Dangote. Speaking at the weekend, Dangote disclosed that the refinery has “more than half a billion litres of petroleum and over 600 billion Naira worth...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that it will deny export permits for crude oil cargoes intended for domestic refining, if oil companies do not fulfill their domestic crude obligations. The Commission Chief Executive (CCE), Mr Gbenga Komolafe, insisted that any changes to cargoes designated for...