The Nigeria Governors Forum have voiced their opposition to any new fuel imports by private marketers, arguing that such imports would undermine the potential of the recently inaugurated Dangote Refinery. The governors believe that relying on foreign fuel imports not only weakens national economic autonomy but also contradicts efforts to achieve self-sufficiency in refined petroleum…
The Nigerian Army’s 6 Division, in a well-coordinated operation, dismantled 37 illegal oil refining sites in the Niger Delta region. This is part of the ongoing efforts to curb illegal oil bunkering and restore stability to the region. According to military reports, these sites were involved in the illicit processing of crude oil, contributing to…
A significant disagreement emerged between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery over the pricing of petrol following the refinery’s first supply to the national petroleum company. The disagreement centers on the price per liter of Premium Motor Spirit (PMS), which was supplied at N898, sparking a debate over the basis for…
NNPCL, Nigerian National Petroleum Corporation Limited confirmed that it has been procuring Premium Motor Spirit (PMS) from the Dangote Refinery at a rate of N898 per litre. This announcement sheds light on the ongoing supply chain of petrol in Nigeria and the dynamic nature of pricing under the Petroleum Industry Act (PIA). The NNPCL further…
The Dangote Refinery, a major player in Nigeria’s petroleum industry, has released the projected prices for Premium Motor Spirit (PMS) at NNPC Retail Stations nationwide for September 2024. These prices vary significantly by region, reflecting transportation costs, demand, and other logistical factors. The pricing information shows a notable difference between northern and southern states, with…
NNPC, Nigerian National Petroleum Company Ltd. has initiated the dispatch of trucks to the refinery’s fuel loading gantry in Ibeju-Lekki, in preparation for the highly anticipated petrol loading at the Dangote Refinery. This event, set for Sunday, September 15, 2024, marks a significant step towards domestic fuel distribution, and NNPC Ltd. has prioritized ensuring seamless…
The Federal Government of Nigeria has officially confirmed that the first batch of Premium Motor Spirit (PMS) will be loaded from the Dangote Refinery on Sunday, 15th September. The Nigerian National Petroleum Company Limited (NNPCL) is overseeing the loading process, signaling a critical step in Nigeria’s goal toward energy independence. The announcement was made by…
Minister of Solid Minerals, Dr. Oladele Alake, has commended the groundbreaking $1 billion iron-to-steel project set to commence in Kogi State, emphasizing its importance as a key milestone in Nigeria’s mining industry. The project, which will convert iron ore into steel, is a significant shift towards adding value to the country’s mineral wealth rather than…
On Wednesday, August 14, in Malabo, President Bola Tinubu of Nigeria and President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea signed a landmark agreement that could reshape the energy dynamics of West Africa. The agreement, centered on the Gulf of Guinea Pipeline Project, covers legislative and regulatory frameworks, the establishment and operation of the pipeline,…
Former President Olusegun Obasanjo has raised alarms about potential efforts to undermine the Dangote Petroleum Refinery. Speaking on the matter, Obasanjo suggested that entrenched interests benefiting from Nigeria’s lucrative fuel importation business may seek to frustrate the refinery’s operations. Alhaji Aliko Dangote, the President of the Dangote Group, had earlier accused certain ‘mafias’ of attempting…
