In a significant development that could shape the pricing dynamics of petroleum products across Nigeria, the Dangote Petroleum Refinery has officially reduced its ex-depot price for Premium Motor Spirit (PMS), commonly known as petrol, to ₦820 per litre. This adjustment, confirmed by sources within the oil and gas industry, comes as part of efforts by
The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has called on the Federal Government to sell off Nigeria’s ailing refineries in Port Harcourt, Warri, and Kaduna, describing them as unproductive and financially draining. Speaking during a press briefing in Lagos, Ajayi-Kadir decried the continued investment of public funds into the turnaround maintenance
The Lagos chapter of the National Youth Council of Nigeria (NYCN) has praised the Dangote Refinery for its significant contribution to boosting the country’s economy. In a recent statement, the youth body acknowledged the refinery’s impact on job creation, industrial growth, and local content development, emphasizing its pivotal role in Nigeria’s quest for economic diversification.
Lagos, Nigeria – June 30, 2025 In a bold move aimed at transforming Nigeria’s fuel distribution landscape, the Dangote Refinery has announced a massive investment of N720 billion in 4,000 Compressed Natural Gas (CNG)-powered trucks to distribute fuel across the country. This strategic investment is expected to significantly reduce Nigeria’s dependence on diesel-powered logistics, potentially
Rivers State, Nigeria – June 16, 2025 The Nigerian Navy has destroyed five illegal refineries and recovered stolen crude oil in Rivers State as part of its intensified crackdown on oil theft and illegal bunkering operations in the Niger Delta. The operation, carried out by personnel of the Nigerian Navy Ship (NNS) Pathfinder, targeted illegal
Amid rising fears of fuel scarcity in Lagos and other parts of Nigeria, the Dangote Petroleum Refinery has announced the commencement of a nationwide distribution of petrol and diesel starting August 15, 2025. This move comes at a time when fuel tanker drivers and marketers have vowed to halt loading operations, citing high charges under
Industry experts and fuel marketers are calling on the Dangote Petroleum Refinery to peg its petrol prices below ₦800 per litre in a bid to ease pressure on consumers and strengthen its position in Nigeria’s liberalized downstream market. The call comes as Dangote Refinery, Africa’s largest single-train refinery with a production capacity of 650,000 barrels
In the heart of Nigeria’s oil belt, communities like Omadino and Uwakeno continue to live in conditions that starkly contradict the immense wealth extracted from beneath their soil and waterways. Despite contributing trillions of naira to the nation’s revenue, these Itsekiri riverine settlements in Warri South Local Government Area of Delta State remain cut off
Green Energy International Limited (GEIL) has achieved a significant milestone in Nigeria’s oil and gas sector with the successful completion of the first crude oil export from its newly constructed Otakikpo onshore terminal. The export took place on Sunday, June 8, at approximately 2:00 PM, when an off-taker vessel chartered by Shell lifted the maiden
In a move that signals stronger synergy between government and indigenous energy players, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Tuesday received a high-powered delegation from Renaissance Africa Energy Company Limited (RAEC) at his Abuja office. The visit forms part of ongoing strategic engagements aimed at deepening
