Nigeria will end the importation of fertilisers as expanding private-sector investments reposition the country as a hub for value-added petrochemical products, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said. The Chief Executive of NMDPRA, Saidu Mohammed, disclosed this during a facility tour of Indorama Eleme Fertiliser and Chemicals Limited in Eleme Local …
Nigerians have called on the Nigerian National Petroleum Company (NNPC) Limited to drop its pump prices of petrol below what is sold by Dangote Refinery distribution partners. This public demand further highlights a fascinating shift in Nigeria’s downstream oil market, now characterized by rising competition between the state-owned oil firm and private marketers. The public …
Nigerians are demanding lawmakers' action to extend debate on contract staffing in banks to other sectors where the issue is also of critical concern. Their reactions followed a bill seeking to regulate the employment of staff by Nigerian banks, which has passed the second reading at the House of Representatives. They want any attempt by …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially launched the 2025 licensing Round, with a target of attracting up to $10 billion in investments. The Commission has officially opened the 2025 licensing Round Portal - http://br2025.nuprc.gov.ng for entries by potential investors. Pinnacle Daily had reported that the upstream regulator announced plans to commence the …
Dangote Petroleum Refinery & Petrochemicals has said it is ready to supply 1.5 billion litres of Premium Motor Spirit (PMS), also known as petrol, per month to the Nigerian market in December 2025 and January 2026. This translates to 50 million litres per day. The refinery also said it will increase PMS supply to 1.7 …
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has taken a final investment decision (FID) on a new $2 billion gas project in offshore HI Field, in OML 144. The investment was done in partnership with Sunlink Energies and Resources Limited. The HI project is part of a joint venture …
The Nigeria Export Processing Zones Authority (NEPZA) has reaffirmed that all enterprises operating within the nation’s Free Trade Zones, including the Dangote Refinery are legally barred from industrial strikes and lockouts for a period of 10 years from the start of their operations. The Authority’s Managing Director, Dr. Olufemi Ogunyemi, made this clear in Abuja …
Vice President Kashim Shettima has called for restraint and constructive dialogue between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the management of the Dangote Refinery, warning that no group or individual must hold the nation’s economy hostage. Representing President Bola Ahmed Tinubu at the opening of the 31st Nigerian Economic …
There are concerns that the controversy between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Dangote Petroleum Refinery may lead to Nigeria incurring a daily loss of about ₦14.7 billion. Development economist Professor Ken Ife said Nigeria can’t afford to be losing such an amount daily due to the PENGASSAN strike, …
By Victor Ezeja The proposed return of Petrobras to Nigeria, as discussed during President Bola Tinubu's state visit to Brazil earlier this week, is seen as a significant development with far-reaching implications for Nigeria’s oil and gas industry. This comes five years after it exited joint venture activities in the country. The deal is part of broader …
