•Wale Edun and Aliko Dangote The federal government says its naira-for-crude initiative with local refineries is not a temporary measure but a “key policy directive designed to support sustainable local refining”. The government also said the initiative is still in effect and will continue immediately, overruling the decision of the NNPCL unde...
•Bashir Ojulari (L) and Ahmadu Kida (R) Yesterday’s overhaul of Nigeria’s state-run oil company NNPCL did not come as a surprise to keen observers who have vociferously pressed for reforms in the upstream and downstream sectors after the epochal birthing of the Petroleum Industry Act (PIA) 2021, and the subsequent commercialisation of the stat...
•Tinubu There is anxiety in the downstream arm of the oil and gas sector as operators await the decision of the federal government on the naira-for-crude deal between the Nigerian National Petroleum Company Limited and the Dangote Petroleum Refinery. The six-month deal, which started in October 2024, officially ends today, Monday, March 31, 20...
•Fuel pump The Dangote Petroleum Refinery has temporarily halted the sales of petroleum products in naira as the naira-for-crude talks between the $20 billion Lekki-based plant and the Nigerian National Petroleum Company Limited appear to have failed. Following the announcement of the halt in petroleum products’ sales in naira by the Dangote r...
•NNPC distribution truck The Nigerian National Petroleum Company Limited may begin the supply of crude oil in naira to the Dangote Petroleum Refinery this week following the announcement by the federal government that the naira-for-crude deal has commenced. Also, following the promise by the government, three more refineries are getting set to...
•Trucks line up for loading at Dangote Refinery There are indications that the supply of crude oil in naira by the Nigerian National Petroleum Company Limited to the Dangote Petroleum Refinery which should have started on October 1, 2024, has yet to begin as of yesterday, Thursday, October 3. Officials at the Dangote refinery and […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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