Naira-for-Crude deal
Dangote Cuts Petrol Prices Again in Response to Oversupply
In a renewed effort to assert market dominance and offer relief to Nigerian consumers, the Dangote Petroleum Refinery has announced a second round of price cuts on Premium Motor Spirit (PMS), reducing petrol prices to between N875 and N905 per litre across Nigeria. This adjustment represents a N15 per litre reduction and is seen as […]
Dangote, NNPC Partner to Boost Nigeria’s Economic Growth
In a significant step toward enhancing Nigeria’s energy security and boosting economic development, the President/CEO of Dangote Group, Aliko Dangote, on Thursday, May 8, 2025, paid a courtesy visit to the newly appointed Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Bashir Bayo Ojulari, at the NNPC Towers in […]
Naira-for-Crude Program: FG, Dangote Refinery Engage in Talks
The Federal Government and Dangote Refinery are set to engage in talks over the renewal of the Naira-for-Crude deal, which expired on March 31, 2025. The development comes as the refinery imported approximately 12.6 million barrels of crude oil in the first quarter of 2025, according to a report by S&P Global. The Naira-for-Crude deal […]