Tag: Nigeria downstream sector

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...

Fuel Marketers Earnings Crash 60% as Deregulation, Local Refining Shake Nigeria’s Oil Market

Business Damilola Bayonle -
Fuel marketers earnings crash 60% as downstream sector faces intense pressure Nigeria’s downstream petroleum industry is undergoing a major structural...

Dangote refinery adopts merchant model, integrates Nigeria into global fuel trade

Business Damilola Bayonle -
Dangote Refinery positions as merchant refinery in global trade shift The strategic posture of the Dangote Refinery is undergoing closer...

IPMAN eyes refinery ownership, orders members to buy Dangote fuel to end imports

Business Damilola Bayonle -
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has unveiled an ambitious plan that could significantly reshape Nigeria’s downstream...

Tension as marketers sustain imports despite Dangote petrol hitting US market

Business Damilola Bayonle -
Nigeria’s petroleum downstream sector is facing fresh tension as fuel marketers continue large-scale importation of Premium Motor Spirit (PMS),...