The Federal Government has announced a 30-day discount on petrol sold by the Nigerian National Petroleum Company Limited (NNPCL), with priority for public transport operators, as part of measures to ease the impact of high fuel prices on households and businesses. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced the …
Dangote Petroleum Refinery and major oil marketers have set new lower prices for Premium Motor Spirit (PMS), commonly known as petrol, amid rising competition in the downstream market. Pinnacle Daily’s checks showed a slight drop in petrol prices at various depots by major importers and the Dangote Refinery. The price adjustment comes after a drop …
The Nigerian National Petroleum Company (NNPC) Limited has reported a revenue of N5.078 trillion and a profit after tax of N447 billion in October 2025. This was revealed in NNPC Limited’s Monthly Report Summary for October 2025, released on Saturday. The total revenue for October reveals an 18.92 per cent increase from 4.27 trillion recorded …
Dangote Refinery has debunked reports claiming that it imported substandard Premium Motor Spirit (PMS), also known as petrol, into Nigeria. Some reports had claimed that the refinery imported petrol which contains a high level of sulphur. However, in a statement released Friday, October 10, 2025, the refinery management described the reports as “false, malicious, and …
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 …
