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West Africa Imports 69% Petrol Despite Refinery Surge – NMDPRA

Despite significant investments in refining infrastructure across West Africa, the region continues to rely heavily on imported petroleum products, with nearly 69 per cent...

Nigeria Targets 25% OPEC Quota Increase by 2027

Nigeria is positioning itself for a major leap in oil production as the Nigerian National Petroleum Company Limited (NNPC) has disclosed plans to push...

Dangote to Global CEOs: Africans Will Build Africa

Africa’s foremost industrialist and President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has called on African entrepreneurs, CEOs, and high-net-worth individuals to take full...

NNPC Reduces Fuel Price Nationwide

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS), popularly known as petrol, at its retail...

Marketers Predict Petrol Price Drop as Crude Falls

Nigerians may soon witness a long-anticipated drop in the price of petrol as global crude oil prices tumble below $70 per barrel. Industry marketers...

Nigeria Faces ₦1,000/Litre Fuel Price as Global Oil Rises Amid Middle East Tensions

Nigeria’s pump price for Premium Motor Spirit (PMS), commonly known as petrol, could surge to ₦1,000 per litre in the coming days as crude...

Afreximbank Warns External Shocks Threaten Nigeria’s Economic Outlook

Despite positive strides toward economic recovery and industrial self-reliance, Nigeria’s economy remains significantly vulnerable to external shocks, according to the latest Afreximbank Business Report...

Israel-Iran Tensions Trigger Fuel Price Surge, PENGASSAN Raises Alarm

As tensions between Israel and Iran escalate, Nigeria faces yet another surge in petrol prices, sending ripples through the already strained economy. The Petroleum...

Dangote Refinery Can Power West Africa – Aliko Dangote

Chairman of Dangote Group, Aliko Dangote, has affirmed that the 650,000 barrels-per-day Dangote Refinery is fully capable of meeting the petroleum needs of Nigeria...

S’Africa Tops Africa’s Fuel Import Chart, Edges Out Nigeria – Report

Nigeria has officially lost its long-standing title as Africa’s largest importer of refined petroleum products to South Africa, marking a historic shift in the...

Dangote Secures Distributor for Polypropylene Export Expansion

In a landmark move to boost Nigeria’s non-oil export profile, Dangote Petroleum Refinery and Petrochemicals has announced a strategic partnership with U.S.-based Vinmar Group...

Marketers Import N436bn Petrol as Rift with Dangote Deepens

Nigeria’s downstream petroleum sector is gripped by a new wave of tension as independent oil marketers have resumed large-scale petrol importation, sidelining the $20bn...

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