Tag: PETROAN

Petrol nears N1,000 as marketers push expanded naira-for-crude policy

Business Damilola Bayonle -
Fuel price spike triggers fresh naira-for-crude supply calls A sharp rise in petrol prices across Nigeria has reignited industry calls...

Dangote refinery reshapes petrol distribution as major marketers take centre stage

Business Damilola Bayonle -
Dangote Refinery targets depot owners, major marketers in new marketing model A significant shift is unfolding in Nigeria’s downstream petroleum...

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...

Nigeria’s fuel sector divided: Local refiners and marketers clash over fuel imports

Business Damilola Bayonle -
Local Refiners, Marketers Clash Over Fuel Imports as Debate on Nigeria’s Downstream Future Deepens Tensions within Nigeria’s downstream petroleum sector...

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...

NNPC refineries privatisation: PETROAN pushes bold reform to rescue failing refinery sector by Q1 2026

Business Damilola Bayonle -
The push for sweeping reforms in Nigeria’s downstream petroleum sector intensified as the Petroleum Products Retail Outlets Owners Association...

Petrol price above N1,000 per litre looms as Tinubu approves 15% tariff

Business Damilola Bayonle -
Nigerians may soon grapple with a fresh wave of fuel price hikes, as the recent approval by President Bola...

PETROAN warns against monopoly in downstream oil market

Business Damilola Bayonle -
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has cautioned against monopolistic tendencies in the country’s downstream...

PETROAN Slams NNPC Over Port Harcourt Refinery Control

Business Damilola Bayonle -
In a bold critique of the Nigerian National Petroleum Company Limited (NNPC), the National Publicity Secretary of the Petroleum...

Marketers Warn as Dangote Moves to Supply Fuel Directly

Business Damilola Bayonle -
Leading oil marketers have raised alarm over the Dangote Petroleum Refinery's plan to bypass traditional distribution channels by supplying...

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...

Marketers Import N436bn Petrol as Rift with Dangote Deepens

Business Damilola Bayonle -
Nigeria’s downstream petroleum sector is gripped by a new wave of tension as independent oil marketers have resumed large-scale...