Petroleum marketers in Nigeria may soon stop importing petrol as the Dangote Petroleum Refinery has slashed its ex-depot price by ₦49 per litre, a move that is already reshaping the …
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Dangote Refinery
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BusinessDevelopmentEconomyEnergyManufacturingNigeria
Northern Manufacturers Back 15% Fuel Import Duty, Hail Dangote’s Refinery
Industrialists from Northern Nigeria have thrown their weight behind the Federal Government’s decision to impose a 15 per cent import duty on petroleum products, describing it as a bold policy …
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BusinessEconomyEnergyNigeriaOil & Gas
OPEC Governor Urges Nigerian Oil Firms to Focus on Local Refining, Value Creation
The Chairman of the Organisation of Petroleum Exporting Countries (OPEC) Board of Governors for 2025, Mr. Adeyemi-Bero, has advised Nigerian oil producers to prioritise refining crude oil locally instead of …
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BusinessCapital MarketEconomyForeign ExchangeMonetary PolicyOil & Gas
CBN Reforms Cushion Naira as Oil Price Falls Below Nigeria’s $75 Budget Benchmark
With global oil prices falling to around $64 per barrel, far below Nigeria’s $75 budget benchmark, the country faces renewed fiscal pressure and foreign exchange challenges. However, sweeping reforms by …
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BusinessCapital MarketEconomyForex TradingINVESTMENTMonetary Policy
Naira hits 2025 peak at N1,421/$ as forex supply rises
The naira recorded its highest appreciation this year at the close of October, strengthening to ₦1,421.73 per dollar at the Nigerian Foreign Exchange Market, according to data released by the …
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BusinessEconomyEnergyGovernment PolicyOil & Gas
Experts Fault FG’s Proposed 15% Tariff on Fuel Imports, Warn of Rising Hardship and Monopoly in Petroleum Market
A public policy analyst, Rotimi Matthew, and several operators in Nigeria’s oil and gas sector have criticised the Federal Government’s proposed 15 per cent tariff on fuel imports, describing it …
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BusinessEnergyMarketsNigeriaOil & GasPolitics
PETROAN Warns Against Monopoly in Nigeria’s Downstream Oil Sector
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has cautioned against monopolistic practices in Nigeria’s downstream oil and gas sector, warning that fair competition and equitable access to …
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BusinessEconomyEnergyEnvironmentNigeriaOil & GasTechnology
MEMAN Says Fuel Subsidy Removal Driving Digital and Sustainable Transformation
The Major Energy Marketers Association of Nigeria (MEMAN) has said that the removal of fuel subsidy has opened new opportunities for innovation, investment, and digital transformation in Nigeria’s downstream oil …
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BusinessEconomyEnergyEnvironmentInfrastructureOil & Gas
LPG Marketers Target 6 Million Metric Tonnes Annual Supply to Boost Clean Energy Use in Nigeria
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has announced plans to raise the country’s annual Liquefied Petroleum Gas (LPG) supply to six million metric tonnes in the coming …
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BusinessEconomyEnergyInfrastructureNigeriaOil & Gas
Dangote Refinery Set to Begin Crude Oil Production Before Year-End
The Dangote Refinery is expected to begin producing crude oil before the end of 2025, marking a major step forward for Nigeria’s energy sector, according to a new report by …
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