Tag: Dangote Refinery

Petrol price in Nigeria may hit N900 as oil prices fall and Dangote boosts fuel supply

Business Damilola Bayonle -
Nigerian motorists may soon experience relief at filling stations as declining global crude oil prices and expanding domestic refining...

Cooking gas price hits ₦2,000/kg in Nigeria as LPG crisis deepens despite Dangote fuel price relief

Business Damilola Bayonle -
Rising LPG costs highlight persistent energy market challenges even as domestic refining helps shield motorists from global oil shocks Nigerians...

Oil Prices Today: Brent Crude Drops 3% as Middle East Ceasefire Eases Hormuz Fears

Business Damilola Bayonle -
Oil prices fell sharply on Thursday after investors reacted to signs of easing tensions in the Middle East, raising...

Petrol price falls below ₦1,300 as Dangote cuts prices, refinery battles government over crude supply

Business Damilola Bayonle -
IBADAN, Nigeria — Petrol prices fell below ₦1,300 per litre at several filling stations in Ibadan, Lagos and Ogun...

Petrol prices hit N1,300 after 643% surge since subsidy removal as oil nears $100

Business Damilola Bayonle -
The price of Premium Motor Spirit (PMS), popularly known as petrol, has risen by approximately 643 per cent in...

Chinese stake in Port Harcourt, Warri refineries signals major shift in Nigeria’s oil sector

Business Damilola Bayonle -
Nigeria’s state-owned oil company, Nigerian National Petroleum Company Limited, is considering a deal that could hand Chinese investors majority...

Nigeria’s indigenous oil firms surge under local content reforms as gas, refining investments expand

Business Damilola Bayonle -
Nigeria’s indigenous oil sector expands under local content reforms Nigeria’s indigenous participation in the oil and gas industry has expanded...

Nigeria Fuel Imports Surge Despite Dangote Refinery Capacity Claims

Business Damilola Bayonle -
Fresh Petrol Imports Deepen Questions Over Nigeria’s Refining Independence Nigeria is receiving another large wave of imported fuel cargoes despite...

Nigeria refinery crisis triggers investor fears as OPEC flags import dependence

Business Damilola Bayonle -
Nigeria refinery crisis deepens as Obasanjo warns NNPC failure could worsen $20bn fuel import burden Nigeria’s refinery crisis is intensifying...

Fuel, FX and Inflation Pressure Tightens on Nigeria’s Economy as Naira Stability Masks Cost Crisis

Business Damilola Bayonle -
Nigeria’s economy is currently sending mixed signals that are difficult to ignore. On paper, the naira has shown periods of...

Imported petrol 12% cheaper than Dangote? Refiners say quality gap changes the story

Business Damilola Bayonle -
Imported Petrol 12% Cheaper? Refiners Fire Back at World Bank Over Dangote Pricing in Nigeria Fuel Clash Nigeria’s fuel pricing...

Fuel import price war: World Bank defends imports as Dangote petrol falls behind imports by 12%

Business Damilola Bayonle -
Nigeria’s fuel pricing crisis has escalated sharply after new market comparisons showed imported petrol is about 12% cheaper than...