Category: Oil and Gas

FG open to refinery sale if partners emerge – Official

November 6, 2025

The Federal Government has expressed readiness to sell off Nigeria’s state-owned refineries as part of ongoing reforms to attract fresh investment, enhance efficiency, and foster competition in the nation’s petroleum downstream oil sector. The Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an interview with Bloomberg TV anchor Joumanna Bercetche on […]

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15% tariff: Nigerians to pay N1tn extra for petrol yearly

November 5, 2025

Nigerians will pay an additional amount of about N1tn (N973.6bn) annually on petrol imports following the Federal Government’s planned introduction...

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Fuel prices will remain stable despite 15% import tariff – Dangote Group

November 3, 2025

The Dangote Group has assured Nigerians that fuel prices will not increase despite the Federal Government’s approval of a 15...

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15% fuel tariff: PETROAN asks NNPC to reopen refineries before Dec

November 1, 2025

The Petroleum Products Retail Outlets Owners Association of Nigeria has urged the Nigerian National Petroleum Company Limited to fast-track the...

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Petrol soars above N1,000/ltr as Tinubu okays 15% import tariff

October 31, 2025

The Petroleum marketers have warned that the pump price of Premium Motor Spirit, popularly called petrol, could exceed N1,000 per...

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Dangote Sets Sights on World’s Largest Refinery with 1.4 Million BPD Expansion, $55bn Revenue Projection

October 27, 2025

When Aliko Dangote announced in 2013 that he would build a 400,000-barrel-per-day refinery in Nigeria, many thought the plan was...

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JUST IN: Dangote begins refinery expansion to 1.4mbpd

October 26, 2025

The Dangote Refinery has announced an expansion of its facility from 650,000 barrels per day to 1.4 million barrels per...

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Marketers confirm 600m Dangote petrol lifting target

October 17, 2025

Independent petroleum marketers have confirmed that the Dangote Petroleum Refinery has set a target to release up to 600 million...

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Marketers blame depots as petrol nears N1,000/litre

October 15, 2025

Amid worsening supply challenges and rising pump prices, petroleum marketers have begun moves to import petrol independently as the commodity...

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NNPC links cooking-gas price hike to PENGASSAN strike

October 6, 2025

The Group Chief Executive of the Nigerian National Petroleum Company Limited, Mr Bayo Ojulari, has blamed the recent rise in cooking-gas prices...

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Petrol remains N865/litre amid Dangote’s free delivery

October 6, 2025

Despite receiving petrol at N820 per litre with no logistics costs, partners of the Dangote Refinery have yet to reduce...

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FG Finally Brokers Peace Between Dangote Refinery And PENGASSAN

October 1, 2025

The Federal Government has brokered peace between Dangote Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). This...

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Marketers fear fuel price hike as PENGASSAN strike begins

September 29, 2025

Nigerians may face tougher days ahead as the nationwide strike declared by the Petroleum and Natural Gas Senior Staff Association...

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PENGASSAN stops gas, crude supply to Dangote refinery

September 27, 2025

The industrial dispute between the Dangote Petroleum Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria took...

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BREAKING: Dangote refinery suspends petrol sales in naira

September 27, 2025

The Dangote Petroleum Refinery has announced the suspension of petrol sales in naira, a move that has unsettled marketers and...

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Marketers fault Dangote’s 500,000-litre fuel delivery threshold

September 26, 2025

The Dangote Petroleum Refinery has introduced a minimum purchase requirement of 500,000 litres of petrol for oil marketers wishing to...

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After 10 years, oil investments flow again – FG

September 26, 2025

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has announced that the country has broken a 10-year...

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JUST IN: Dangote Refinery stops sales to unregistered marketers

September 19, 2025

The Dangote Petroleum Refinery and Petrochemicals Limited has suspended self-collection gantry sales of petroleum products at its facility with effect...

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NUPENG, Dangote clash as tanker drivers’ deal collapses

September 12, 2025

The fragile truce between the Nigerian Union of Petroleum and Natural Gas Workers and the $20bn Dangote Petroleum Refinery has...

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BREAKING: NUPENG suspends strike

September 9, 2025

The Nigerian Union of Petroleum and Natural Gas Workers has suspended its two-day strike following a meeting with the Dangote...

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Fuel Scarcity Looms As FG, NUPENG, Dangote Talks End In Deadlock

September 9, 2025

The much-anticipated consultative meeting between the Federal Government, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Dangote Group, and...

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Dangote, NUPENG face-off: FG reschedules meeting

September 8, 2025

Minister of Labour and Employment, Muhammadu Dingyadi, has rescheduled the tripartite meeting summoned to resolve the dispute between the management...

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IPMAN, NUPENG shut Delta stations; ₦1m fine for defaulters

September 8, 2025

Fresh fuel scarcity is set to hit Delta State as members of the Independent Petroleum Marketers Association of Nigeria (IPMAN)...

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No plan to shut petrol unit — Dangote refinery

September 8, 2025

The Dangote Petroleum Refinery has denied a report that it could shut its petrol unit for two to three months....

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PIZZA fixes everything. Enjoy a finger-licking meal. One bite and you’ll believe in love at first slice.

Just In: Tinubu Govt Summons Emergency Meeting Over NUPENG Strike

September 7, 2025

The Bola Ahmed Tinubu-led federal government has decided to engaged with the National Union of Petroleum and Natural Gas Workers (NUPENG) and...

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NUPENG vs Dangote: Fuel marketers beg Tinubu to avert Monday strike

September 7, 2025

The Petroleum Products Retail Outlet Owners Association of Nigeria and the Independent Petroleum Marketers Association of Nigeria have asked President...

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Tax law: Nigerians to pay additional N45 per liter of petrol

September 5, 2025

Nigerians buying petrol will pay an additional N45 for each litre of fuel they purchase come 2026 if the price...

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CNG price hits N450/SCM as FG withdraws subsidies

September 3, 2025

Amid long queues and insufficient refilling stations, the cost of one standard cubic metre of Compressed Natural Gas has jumped...

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JUST IN: Dangote refinery slashes petrol price to N830/litre

August 12, 2025

The Dangote refinery has reduced the ex-depot price of Premium Motor Spirit, commonly referred to as petrol, from N850 to...

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Nigeria’s Non-Oil Exports Hit $3.23 Billion – Reports

August 10, 2025

Nigeria’s non-oil exports rose to $3.225 billion in the first half of 2025, representing a 19.59 per cent increase over...

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WREEL PIZZA

PIZZA fixes everything. Enjoy a finger-licking meal. One bite and you’ll believe in love at first slice.