Filling stations in Abuja have lowered petrol prices following the federal government’s suspension of a planned 15% import duty on petrol and diesel. On Friday, Ranoil and Empire stations reduced prices to N940 and N949 per litre, down from N955, representing a drop of N6 to N15 per litre. Chinedu Ukadike, spokesperson for the Independent …
The Federal High Court in Abuja has dismissed the ₦100 billion suit filed by Dangote Petroleum Refinery and Petrochemicals FZE against the Nigerian National Petroleum Company Limited (NNPCL) and others over an oil import licence dispute. Justice Mohammed Umar gave the ruling on Wednesday after counsel for Dangote, Mr. C. O. Adegbe, formally withdrew the …
The Nigeria National Petroleum Company Limited (NNPCL) says Nigeria’s oil output has been raised to 1.7 million barrels per day (bpd), with targets of hitting two million bpd by 2027 and three million in the long term. The company said this growth projection is driven by reforms in the oil and gas sector, which has …
The Dangote Refinery has expressed support for the recently approved 15 per cent tax on petrol and diesel imports into Nigeria. Pinnacle Daily reports that Tinubu had, in a letter dated October 21, 2025, and addressed to the Federal Inland Revenue Service and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, directed immediate implementation of …
Reactions have continued to trail the redeployment of sacked workers of Dangote Refinery to Borno, Zamfara, Benue, Ebonyi and other locations. The workers were sacked by the management of the Dangote Refinery during a dispute between the company and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) last month. PENGASSAN had embarked …
In its quest to expand capacity, the Dangote Refinery located in Lagos has approached the African Export-Import Bank (Afreximbank), seeking a $5 billion loan to fund the project. New president of the bank, George Elombi, revealed this during his inaugural address at Afreximbank’s investiture ceremony in Cairo. Elombi, who stated that Aliko Dangote personally gave him …
The expansion of the Dangote Petroleum Refinery from 650,000 barrels per day to 1.4 million barrels per day will lead to a significant increase in polypropylene production from 900,000 metric tonnes to 2.4 million metric tonnes per annum. The capacity expansion will make the refinery the largest refinery in the world upon completion, surpassing India’s …
The Dangote Refinery and Petrochemicals has revealed plans to sell five to 10 per cent of its stake on the Nigerian Exchange (NGX) Limited within the next year. Aliko Dangote, the founder of Dangote Group, reportedly hinted at this in an interview with S&P Global on October 20. He said the move will mirror the approach …
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has assured Nigerians that the recent surge in the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, is temporary and will soon stabilise as domestic supply improves. In recent weeks, LPG prices have risen sharply from between ₦1,000 and ₦1,100 per kilogram …
Abuja residents are reeling under the weight of yet another energy crisis, this time, a sharp hike in both fuel and cooking gas prices that has left filling stations deserted, homes dark, and businesses struggling to survive. Over the past week, the cost of cooking gas in the FCT has surged from around ₦1,020 per …
