The management of Dangote Refinery has challenged the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and any other party dissatisfied with its recent publication on fuel subsidy claims by marketers to seek redress through the appropriate legal channels, rather than resorting to ultimatums. The refinery's management, in a statement on Wednesday, September 17, said …
At least 10 persons have been confirmed dead after the tragic fire accident that occurred at Afriland Towers on Broad Street, Lagos Island on Tuesday, September 16. This is as United Capital, a financial and investment services firm that occupied the 3rd and 4th floors of the building, confirmed that six of its staff died …
Nigeria's oil and gas sector reforms have delivered 28 Field Development Plans with $18.2 billion worth of investment commitments in 2025 alone, says Engr. Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Komolafe said these commitments are also expected to unlock 1.4 billion barrels of oil and 5.4 trillion cubic feet (TCF) …
Nigerian carrier, Aero Contractors, has embarked on a transformative journey to establish African self-reliance in aircraft maintenance through significant upgrades to its Maintenance, Repair, and Overhaul (MRO) facilities. Investing in the upgrade and expansion of the company’s MRO capabilities is considered by industry stakeholders as a strategic initiative that marks a pivotal shift from Africa's historical dependence on …
Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has said all it wants is a mutually-beneficial deal with the Dangote Refinery. DAPPMAN said its members are in support of the Dangote refinery but need better collaboration with the management of the refinery to serve Nigerians better in the supply of petroleum products. This comes …
The decision by OPEC+ to increase oil output by an additional 137,000 barrels per day (bpd) in October 2025 reflects a nuanced shift in global oil market management. For Nigeria, a member of OPEC, this move has significant implications for production and the economy. Pinnacle Daily reports that the group, which includes OPEC members plus …
Nigeria spent ₦4.13 trillion on the importation of Premium Motor Spirit (PMS), commonly known as petrol, in the first half of 2025. This is according to data released by the National Bureau of Statistics (NBS). According to the NBS data, Nigeria spent ₦1.76 trillion on the importation of Motor Spirit Ordinary (fuel) in the first …
Dangote Refinery has finally concluded plans to start its free fuel distribution scheme on Monday, 15 September 2025. This comes one month after the August 15 date, which was earlier planned to commence the scheme. Pinnacle Daily gathered that the inability of the company to commence in August was due to logistical challenges, which affected …
Nigeria's crude oil production fell to 1.434 million barrels per day (bpd) in August 2025, down by approximately 73,000 bpd from 1.507 million bpd in July. This represents a decline of 4.84 per cent and marks the lowest production level in six months. The August production figure fell below Nigeria's allocation of 1.5 million bpd by the Organisation of Petroleum Exporting Countries (OPEC), …
The National Union of Petroleum and Natural Gas Workers (NUPENG) has accused the Dangote Group of violating the agreement between the two parties brokered by the Federal Government on Tuesday. Pinnacle Daily had reported that NUPENG and Dangote Group signed a Memorandum of Understanding (MoU) allowing newly employed drivers of the Dangote refinery’s CNG trucks to …
