The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued a warning that it will sanction any entity operating in the midstream and downstream oil and gas sectors without the required licences, permits, or authorisations. The regulator’s warning is contained in a public notice issued on Sunday, May 17. The notice said the NMDPRA's …
Households and small businesses across Nigeria are battling another round of hardship as the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has surged to about ₦1,600 per kilogramme in many parts of the country. This sharp increase, representing a 23 per cent jump from the average rate of about ₦1,300/kg just …
Dangote Petroleum Refinery has reduced the ex-depot price of its aviation fuel, also known as Jet A1, to ₦1,650, down from ₦1,750 per litre, giving relief to airlines, passengers and Nigeria’s aviation sector generally. Other packages offered by the refinery include a 30-day interest-free credit facility for marketers and airline operators, backed by bank guarantees, and a shift …
Dangote Petroleum Refinery has filed a fresh lawsuit against the Nigerian government, seeking to nullify recent fuel import licences issued to the Nigerian National Petroleum Company (NNPC) and other marketers. The case filed against the Attorney General of the Federation at the Federal High Court in Lagos has reignited fresh tension in the downstream petroleum …
Petrol imports into Nigeria dropped by 37.3 per cent from 5.9 million litres per day in March to 3.7 million litres per day in April 2026. This comes as local refineries led by Dangote Refinery continued dominance of the domestic market, rising this time to 91.7 percent share of the market. This is according …
The fresh move for rehabilitation of the Warri and Port Harcourt refineries has sparked reactions as industry stakeholders, policy observers, and civil society groups expressed doubt about the success of the exercise. They have called for a comprehensive audit of billions of dollars spent on past repairs before the Nigerian government proceeds with a new deal …
Nigeria’s oil output rose to 1.663 million barrels per day (bpd) in April, representing a 7.58 per cent increase from 1.546 bpd recorded in March 2026. According to data released on Tuesday by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), crude oil production alone averaged 1.488 million bpd in April, achieving 99.2 per cent of …
Dangote Petroleum Refinery and Petrochemicals Limited has debunked rumours of a hike in the price of Premium Motor Spirit (PMS), also known as petrol, saying its ex-depot price remains the same. The company made the clarification in a statement released on Wednesday, May 6, signed by the management. Rumours on social media claimed the price …
Domestic refineries in Nigeria recorded a crude oil supply shortfall of 33.4 million barrels in the first quarter (Q1) of 2026. According to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday, May 5, a total of 61.9 million barrels of crude oil was allocated to domestic refineries during the quarter under …
The exit of the United Arab Emirates (UAE) from the Organisation of Petroleum Exporting Countries (OPEC) has raised concerns about its impact on global energy markets, especially for oil-dependent economies like Nigeria. While the UAE’s move is largely informed by its shift toward expanding production capacity and diversifying its economy, analysts say the implications could …
