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West Africa Imports 69% Petrol Despite Refinery Surge – NMDPRA

Despite significant investments in refining infrastructure across West Africa, the region continues to rely heavily on imported petroleum products, with nearly 69 per cent...

FG to Convene National Petrol Pricing Summit in July

The Federal Government has officially scheduled a two-day national petrol pricing summit for July 23 and 24, 2025. The event, to be hosted by...

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

As tensions between Israel and Iran escalate, Nigeria faces yet another surge in petrol prices, sending ripples through the already strained economy. The Petroleum...

Nigeria to Spend N880bn Annually on Road Maintenance – FG

the House of Representatives on Monday, the Federal Government announced that an estimated N880 billion is required annually to adequately maintain Nigeria’s sprawling network...

Marketers Spend N2.4tn on Petrol Imports to Counter Dangote Output

A fresh round of competition has intensified in Nigeria’s downstream petroleum sector as independent marketers reportedly imported petrol worth over N2.4 trillion in just...

Unpaid Debts: IPMAN Plans Nationwide Strike

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has given the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) a seven-day ultimatum to pay...

From March 1, NMDPRA Bans Above 60,000ml Petrol Trucks.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) banned trucks carrying above 60,000 liters of hydrocarbon products from loading depots on March 1,...

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