Warri refinery resumes, promising lower fuel prices and increased competition. NNPCL targets energy independence with ongoing refinery revamps across Nigeria. Domestic production to cut fuel imports and stabilize Nigeria’s energy market. The commencement of operations at the Warri Refining and Petrochemicals Company Limited (WRPC) has sparked optimism for a drop in refined petroleum product prices. … Read more
Food prices in Kaduna soar, making Christmas celebrations unaffordable for many. Traders blame higher costs at depots and transport for the price hikes. Residents cite insecurity and fuel price hikes as factors driving up cost Prices of cooking gas and food items have surged in Kaduna, leaving many residents unable to afford the essentials needed … Read more
Fuel marketers have provided an explanation for the delay in the reduction of petrol prices in Nigeria, despite official announcements by both Dangote Petroleum Refinery and the Nigerian National Petroleum Company (NNPC). In a move aimed at easing the burden on Nigerians ahead of the holiday season, Dangote Petroleum Refinery had announced a price reduction … Read more
Despite the recent reduction in the ex-depot price of Premium Motor Spirit (PMS) to ₦899.50 per litre by Dangote Petroleum Refinery, motorists and consumers have yet to see a reduction in pump prices as many petrol stations in Lagos and across the country maintain their rates. EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires and … Read more
The landing cost of Premium Motor Spirit (PMS), also known as petrol, in Nigeria has declined to ₦900.28 per litre as of Thursday, a drop of ₦36 or 3.62% from the previous week’s cost of ₦936.75 per litre. Data from the Major Energies Marketers Association of Nigeria (MEMAN) further revealed earlier dips this week, reaching … Read more
Crude oil refiners and Operators in Nigeria’s downstream sector have pointed to dollar-denominated charges on locally refined petrol as a major factor behind the higher cost of locally produced fuel compared to imported Premium Motor Spirit (PMS). Data from the Major Energies Marketers Association of Nigeria (MOMAN) revealed that as of December 5, 2024, the … Read more
The price of refilling Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has shown significant fluctuations across Nigeria this week, with consumers facing varying costs of between ₦1,300 and ₦1,500 per kilogram. This inconsistency is attributed to a combination of seasonal demand, transportation challenges, and global market influences. EDITOR’S PICKS PDP Declares Ethiope East … Read more
As the festive season draws near, many Nigerians are grappling with the rising costs of transport fares and mounting security concerns, making their annual travels to ancestral homes seem increasingly out of reach. A significant hike in fuel prices, which have risen from N671 per litre in December 2023 to over N1,000 at some filling … Read more
The Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have finalized an agreement for the weekly supply of 60 million litres of Premium Motor Spirit (PMS). This deal coincides with a marginal reduction in fuel prices at IPMAN member filling stations nationwide, according to the association’s spokesperson, Chinedu Ukadike, who provided an … Read more
Senator Sani Musa, representing Niger East Senatorial District, commended President Bola Tinubu’s decision to end the fuel subsidy in Nigeria, calling it a major positive development for the country. In an interview with Channels TV on Friday, Musa praised the subsidy removal as a necessary move, noting it was made with the nation’s best interests … Read more
A coalition of Civil Society Organisations (CSOs) protested at the National Assembly on Friday, voicing concerns over the unresolved issues between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery, which they say negatively impact Nigerians, especially regarding fuel availability and pricing. EDITOR’S PICKS Electricity Meter Costs Rise Again As Deregulation Takes Effect Biden, … Read more
Scores of protesters gathered at the headquarters of Nigerian National Petroleum Company Limited (NNPCL) on Monday, demanding the resignation of Group Chief Executive Officer Mele Kyari. Led by Civil Society Organizations, the demonstrators criticized Kyari’s leadership, citing escalating fuel prices, persistent shortages, and economic hardship as reasons for his removal. EDITOR’S PICKS NASU, SSANU Strike … Read more
In Abuja on Monday, hundreds of Nigerians staged a major protest against skyrocketing fuel prices, persistent shortages, and worsening economic conditions. Led by Abdullahi Bilal of the Two Million Man March Against Oil Scam Cabal, alongside Barrister Napoleon Otache and Olayemi Isaac from the Citizens and Economic Freedom Rights Activists in Nigeria (CEFRAN), demonstrators demanded … Read more
The conflict between Dangote Refinery and Nigerian petroleum marketers has escalated, with Dangote Group President Aliko Dangote suggesting that marketers have shown little interest in purchasing from his refinery. The dispute, which initially surfaced in September amid the distribution of premium motor spirit (PMS), involves the Dangote Refinery, Nigerian National Petroleum Company Limited (NNPCL), and … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has, for the second time this month, increased the pump price of Premium Motor Spirit, otherwise known as petrol. The latest price hike is coming despite the ongoing economic challenges facing the nation. Reports indicate that residents of Lagos will now pay N1,025 per litre, while those in … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to engage in talks with Dangote Petroleum Refinery from Tuesday to Wednesday to finalise agreements on the pricing and lifting of petrol from the facility. According to reports on Sunday, the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) had been asked by the $20 … Read more
The price of Premium Motor Spirit (PMS), commonly known as petrol, has decreased in Abia State. The price, which previously ranged between ₦1300.00 and ₦1350.00, has now dropped to between ₦1150.00 and ₦1200.00. This price reduction follows the Nigeria National Petroleum Corporation (NNPC)’s decision to open its portal for direct fuel requests and payments by … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced plans to meet with Dangote Refinery this week to discuss direct procurement of Premium Motor Spirit (PMS), commonly known as petrol, and explore potential price reductions. IPMAN spokesperson, Chief Chinedu Ukadike, shared this update in a recent statement, expressing optimism among members about the imminent … Read more
The Nigerian National Petroleum Corporation Limited (NNPCL) has commenced the lifting of Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Refinery in Ibeju-Lekki, Lagos State. Over the weekend, more than 100 NNPCL trucks arrived at the refinery, with the first batch of petrol successfully loaded. The Dangote Group confirmed this development through … Read more
As frustrations rise over the recent spike in petrol prices, the Nigeria Labour Congress (NLC) has demanded that the federal government reverse the hike and return prices to ₦617 per litre. The NLC President, Comrade Joe Ajaero, stated that the government’s decision contradicts an earlier agreement reached during negotiations. EDITOR’S PICKS Police Arrest Man For … Read more