Tag: Nigerian refineries

Nigeria’s modular refineries can supply 10% of diesel demand if crude access improves – CORAN

Business Damilola Bayonle -
Nigeria’s domestic refining landscape could receive a significant boost if modular refineries are adequately supplied with crude oil, according...

NNPC refinery spending crisis: Calls for urgent transparency

Business Damilola Bayonle -
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised serious concerns over an estimated N11.35 trillion...

Nigeria U.S. crude imports surge amid domestic refinery challenges

Business Damilola Bayonle -
Nigeria’s crude oil imports from the United States have more than doubled in the first eight months of 2025,...

Femi Otedola backs Tinubu’s 15% import duty on petrol to protect local refineries

Business Damilola Bayonle -
⁶Billionaire businessman and energy investor, Femi Otedola, has commended President Bola Ahmed Tinubu for introducing a 15% import duty...

Reps Launch Probe into $18bn Refineries’ Turnaround Maintenance

Business Damilola Bayonle -
The House of Representatives Committee on Petroleum Resources (Downstream) has initiated a comprehensive investigation into the $18 billion turnaround...

Fuel Marketers Approve Refinery Divestment, Project Price Relief

Business Damilola Bayonle -
Oil marketers and industry stakeholders have expressed strong support for the proposed sale or privatisation of Nigeria’s long-dormant refineries...

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

Business Damilola Bayonle -
As tensions between Israel and Iran escalate, Nigeria faces yet another surge in petrol prices, sending ripples through the...

Fuel Ban Fears Spark Dangote, Marketers Clash

Business Damilola Bayonle -
The looming possibility of a fuel import ban in Nigeria has reignited tensions between the Dangote Petroleum Refinery and...