Oil Marketers Propose N550 Per Litre To Dangote Refinery: Fueling Nigeria'S Economic Resilience With Local Refining

Oil Marketers Propose N550 per Litre to Dangote Refinery: Fueling Nigeria’s Economic Resilience with Local Refining

In a bid to address the dynamics of petrol pricing, oil marketers have engaged in deliberations with Dangote Refinery, proposing a benchmark price of N550 per litre for petrol within the Lagos region. Alhaji Abubakar Migandi Garima, President of IPMAN, revealed that these discussions are centered around various factors including pricing mechanisms, profit margins, and…

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Senator Ndume Denies Hatred Towards Yoruba Amidst Cbn Controversy

Senate Chief Whip Commends Tinubu’s Directive on Oil Revenue, Calls for Executive Order on Unexplained Wealth

Commendation for Oil Revenue Directive Senate Chief Whip Ali Ndume has praised President Bola Ahmed Tinubu for his recent directive to the Nigerian National Petroleum Corporation Limited (NNPCL) to channel all crude oil proceeds into the Consolidated Revenue Fund at the Central Bank of Nigeria (CBN). Speaking in Abuja, Ndume emphasized the significance of this…

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Massive Operational Breakthrough: Troops Uncover Elaborate Illegal Oil Bunkering Site In Etche, Rivers State

Troops Uncover Elaborate Illegal Oil Bunkering Site in Etche, Rivers State

Illegal Oil Bunkering: Operational breakthrough by the troops of 6 Division, Nigerian Army, executed a successful clearance operation at Umuedeokwara Community, Odogwa Town in Etche Local Government Area of Rivers State. This decisive action led to the discovery and busting of a meticulously concealed illegal oil bunkering site. The operation was prompted by credible intelligence,…

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Port-Harcourt Refinery

Port-Harcourt Refinery in a Test-Run Phase: Hope to Produce Premium Motor Spirit, Oil & Diesel for 12 States

Port-Harcourt Refinery in a Test-Run Phase- OGM News: The Nigerian National Petroleum Corporation Limited (NNPCL) has initiated the supply of crude oil for the test-running of the Port Harcourt Refining Company Limited. Oil marketers have confirmed this development, emphasizing that the refinery will produce Premium Motor Spirit (petrol), Automotive Gas Oil (diesel), and other products…

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Tisun Community Management Council (Tcmc)'S Ultimatum To Halt Oil And Gas Production: A Dire Warning For 2024

Tisun Community Management Council (TCMC)’s Ultimatum to Halt Oil and Gas Production: A Dire Warning for 2024

The Tisun Community Management Council (TCMC) has issued a stern ultimatum, threatening to halt oil and gas production in the Warri North Local Government Area from January 1, 2024. This move, spearheaded by Chairman David Odeli, reflects the growing frustration of the oil and gas-rich community, citing persistent neglect, environmental hazards, and health challenges as…

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Nigeria'S Oil Sector Downstream Dependence In Nigeria: Breaking Free To Unlock Alternative 21St Century Wealth Resources.

Nigeria’s Oil Sector Downstream: A Paradox of Riches, Greed and Misery

Dangote Refinery and the Struggle for Crude Feedstock Recent developments in Nigeria’s oil sector downstream have brought to light a stark paradox – a nation blessed with vast oil reserves is struggling to achieve self-sufficiency in refining. At the forefront of this issue is the Dangote Refinery, which had high hopes of revolutionizing the industry….

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Coran Challenge Government On Fuel Import Licences

CORAN Challenge Government on Fuel Import Licences

The Crude Oil Refinery Owners Association of Nigeria (CORAN) has urged the Federal Government to reconsider granting fuel import licences to independent petroleum marketers, raising concerns over the potential impact on Nigeria’s domestic refining industry. CORAN’s statement comes in response to the growing debate between the Dangote Petroleum Refinery and various oil marketers, who are…

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Nigerian Army Troops Dismantle 37 Illegal Refining Sites In The Niger Delta

Nigerian Army Troops Dismantle 37 Illegal Refining Sites in the Niger Delta

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…

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