Last month, the 650,000 barrels per day refinery reduced the gantry price of petrol to N835 per litre from N865 per litre. According to reports, the latest adjustment is targeted at giving customers m...
A continued shortfall in crude oil supply to domestic refiners has kept the capacity utilisation of refineries at just 57.8 per cent, leaving over 42 per cent of Nigeria’s installed refining capacity ...
President of Dangote Industries Limited (DIL), Alhaji Aliko Dangote, has once again raised the alarm over the relentless opposition faced by his $20 billion oil refinery project in Lekki, Lagos a...
The Federal Government has announced a ban on the importation of oil pipelines into Nigeria. The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, stated this on Thursday during the launch of...
The Minister of Finance and coordinating minister of the Economy, Wale Edun, has said that a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) was ongoing as part of measures t...
Bashir Ojulari, the new group chief executive officer of the Nigerian National Petroleum Company Limited, has pledged to attract sectoral investments worth $30 billion and $60 billion by 2027 and 2030...
The Organisation of the Petroleum Exporting Countries on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy. A report by Reuters quoting the O...
Shareholders have commended President Bola Tinubu and the Federal Executive Council (FEC) for the continuation and institution of the naira-for crude policy as a national policy. The federal governmen...
Global oil prices tumbled to their lowest in more than four years on Wednesday as fears over weakening demand and a supply excess deepened, driven by a renewed trade standoff between the United States...
The Dangote Refinery has notified marketers and customers of a reduction in its the price of Premium Motor Spirit (PMS) popularly called petrol at the point of loading from the refinery’s ga...
