Tag: downstream petroleum sector

Dangote fuel price hike sparks fresh debate as petrol import ban divides Nigerian marketers

Business Damilola Bayonle -
Nigeria’s downstream petroleum industry is facing renewed tension as marketers and energy stakeholders debate the Federal Government’s decision to...

Experts warn of fuel monopoly as states urged to revive modular refineries across Nigeria

Business Damilola Bayonle -
States urged to revive modular refineries amid monopoly fears Stakeholders in Nigeria’s energy sector have called on state governments to...

Dangote refinery raises petrol price to N1,175 per litre as fuel costs surge again in Nigeria

Business Damilola Bayonle -
Fuel prices in Nigeria may climb further in the coming days after a fresh adjustment in the cost of...

Fuel relief looms as Dangote Refinery launches 24-hour petrol loading operations

Business Damilola Bayonle -
Nigeria’s downstream petroleum sector has entered a new operational phase as the Dangote Petroleum Refinery officially begins round-the-clock petrol...

Global oil prices skyrocket to $66 per barrel, petrol price hike inevitable

Business Damilola Bayonle -
Nigeria may be on the verge of another round of fuel price adjustments as rising global crude oil prices...

FG enforces 0.5% fuel levy on wholesalers, tightens downstream rules

Business Damilola Bayonle -
The Federal Government has intensified regulatory oversight of Nigeria’s downstream petroleum sector with the formal enforcement of a statutory...

Petrol price outlook 2026: CBN projects pump price above N900/litre

Business Damilola Bayonle -
Petrol Likely to Average Above N900/Litre in 2026 as CBN Flags Market Pressures Nigeria’s petrol market is expected to remain...

Petrol workers kick against AA Rano’s unmanned fuel stations over job loss fears

Business Damilola Bayonle -
Petrol station workers across Nigeria have raised strong objections to plans by indigenous oil marketing firm, AA Rano, to...

End recurring tanker explosions: Lokpobiri tasks NMDPRA on safety, deregulation reforms

Business Damilola Bayonle -
The Federal Government has renewed its resolve to address safety lapses in Nigeria’s downstream petroleum sector, with the Minister...

Dangote petrol price ₦739: Nigerians told to reject overpriced fuel

Business Damilola Bayonle -
Nigeria’s downstream petroleum sector entered a new phase on Monday as Aliko Dangote, President of the Dangote Group, issued...

Dangote ₦739 petrol price sparks nationwide relief as fuel supply expands

Business Damilola Bayonle -
Nigeria’s downstream petroleum sector witnessed a major shift on Sunday as the Dangote Petroleum Refinery commenced nationwide retail sales...

IPMAN Accuses NMDPRA of Unpaid Bridging Claims in Petition to DSS

Business Damilola Bayonle -
The lingering debt crisis between the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigerian Midstream and Downstream...