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 …
Local Refining
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BusinessDevelopmentEconomyEnergyManufacturingNigeria
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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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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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Dangote IndustriesEconomyEnergyNigeriaOil & Gas
Nigeria Consumed 613.62 Million Litres of Petrol in One Year as Dangote Refinery Boosts Local Supply
Nigerians consumed a total of 613.62 million litres of Premium Motor Spirit (PMS), commonly known as petrol, between October 2024 and October 10, 2025, according to fresh data from the …
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BusinessEconomyEnergyInfrastructureNigeriaWestern Africa
Nigerians Now Paying Half What Others Spend on Petrol – Dangote
Business mogul and President of Dangote Group, Alhaji Aliko Dangote, has said most Nigerians do not realise they are currently buying petrol at just 55 percent of what people in …
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AFRICA NEWSBusiness and EconomyEconomyEnergyFinance & ServicesNigeriaOil & Gas
Dangote Refinery Reduces Diesel Price Nationwide, Sells at N875 in Lagos
Dangote Refinery has again announced a cut in the price of its diesel, bringing further relief to Nigerians who have been grappling with high energy costs. In a statement issued …
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The Federal Executive Council (FEC) has ordered the full implementation of the Naira-for-Crude agreement between the Federal Government and local oil refiners, a move aimed at strengthening Nigeria’s local refining …