The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has expressed strong concern over the growing level of insecurity across the country and has called on the Federal …
Fuel supply stability slowed again in October 2025 as the Dangote Petroleum Refinery delivered an average of only 17.1 million litres of petrol per day, leaving Nigeria heavily dependent on …
Nigeria’s imports of refined petroleum products from Malta have fallen sharply by 60 percent in 2024, marking a major shift in the country’s downstream fuel supply pattern. The drop comes …
The Nigerian National Petroleum Company Limited has announced a new target of June 2026 to complete the selection of technical partners for the country’s three state-owned refineries. This marks another …
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 …
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 …
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 …
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 …
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 …
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 …