The Bureau of Public Enterprises (BPE) recently hinted at a plan to list two electricity distribution companies (DisCos) and one generation company (GenCos) on the Nigerian Exchange (NGX). Similarly, the Nigerian National Petroleum Company (NNPC) Limited has been nursing this idea since the state-owned oil firm transitioned into a private-driven enterprise. As desirable as their …
The Dangote Petroleum Refinery and Petrochemicals said it has resumed the sale of premium motor spirit (PMS), otherwise known as petrol in naira to oil marketers. The resumption takes immediate effect, the company announced in a statement on Saturday, September 27. "Dear valued customer, following the intervention of the Naira for Crude Technical Committee chairman, …
The refinery says the union’s directive to its members is an act of lawlessness, criminality and amounts to economic sabotage Dangote Petroleum Refinery & Petrochemicals has stated that the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has no right to interfere in the supply of gas and crude oil to the …
Nigeria's hope for cheaper fuel faces a major hurdle as the 650,000 bpd-capacity refinery begins to demand US dollars for petrol sales, creating a new challenge for marketers. The decision by the Dangote Petroleum Refinery and Petrochemicals to suspend sales of Premium Motor Spirit (PMS), also known as petrol in Nigerian Naira, has raised …
Dangote Petroleum Refinery & Petrochemicals has clarified its recent decision to embark on reorganisation of its operations and staff, saying the exercise “is not arbitrary.” Pinnacle Daily reports that the company had in a letter sent to individual staff, announced disengagement of some staff with effect from the eve of Thursday, September 25, 2025. The …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved a Sales Purchase Agreement (SPA) between TotalEnergies Exploration and Production Nigeria Limited and Shell Nigeria Exploration and Production Company (SNEPco) and Nigerian Agip Exploration Limited (NAE). In the deal, TotalEnergies is to assign its 12.5 per cent contractor interest in Oil Mining Lease (OML) 118 to …
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has denied demanding N1.505 trillion annual subsidies on petroleum products from Dangote Refinery. DAPPMAN spokesperson, Ikem Ohia, who featured on Channels Television’s Morning Brief on Wednesday, said marketers have been in negotiation with Dangote, and they are only calling on the refinery to make products …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated that with steady progress made in combating the menace of crude oil theft, the country can now produce above two million barrels per day (bpd). The commission refuted a media report that said the country lost about N8.41 trillion worth of crude oil in four years …
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have kicked against alleged plans by the federal government to sell significant stakes in Joint Venture (JV) with international oil companies operating in the country. The oil and gas industry labour unions …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded a shortfall in its revenue target in August 2025 despite improved crude oil production in recent months. The Commission remitted N745.21 billion to the Federation Account in August against a monthly benchmark of N1.204 trillion. This reflects a shortfall of N459.6 billion. This was revealed by the …
