•Fuel pump The Dangote Petrolchemicals Refinery has effected another reduction in the ex-gantry price of its Premium Motor Spirit also known as petrol below the publicly announced N835 per litre. Sources confirmed today that the refinery has reduced its price to N825 per litre for its customers, through a rebate of N10 after successful loading...
•Ann-Kio Briggs and Ibok Ete Ibas Niger Delta human rights activist, Ann-Kio Briggs, says Rivers State Sole Administrator, Ibok Ete Ibas’ actions in the state are contrary to what President Bola Tinubu said he sent him to do. Ibas, Nigeria’s Chief of Naval Staff from July 2015 to January 2021, was appointed by Tinubu as […]
Data obtained by the Major Energies Marketers Association of Nigeria (MOMAN) yesterday indicated that the landing cost of a litre of imported petrol increased by ₦88 in one week. The association confirmed the rise in the landing cost in its daily energy bulletin released yesterday, arguing that price changes are inevitable in a deregulated mar...
The Dangote refinery has officially announced that it is halting the supply of petroleum products in naira. In a statement by the refinery today, the Dangote Group said the suspension is temporary. This followed reports that the Nigerian National Petroleum Company Limited might have stopped the sale of crude in naira to the Dangote refinery, [...
•Tinubu and fuel pump Niger Republic has turned to Nigeria for help after being hit by fuel shortage. The West African country reached out to Nigeria despite months of diplomatic tensions and hostile rhetoric, reports Sunday PUNCH. It was learnt that a delegation of senior officials of the military junta travelled down to Abuja to […]
•NNPCL trucks lining up for petrol loading at the Dangote Refinery A renowned economist, Paul Alaje, says the ongoing price war between the Dangote Refinery and the Nigerian National Petroleum Company (NNPC) Limited will “erode abnormal profit” enjoyed by capitalists. “You may want to call it a price war but in economics, when a duopoly [&hell...
Despite the operation of Dangote Refinery and two refineries belonging to the Nigerian government resuming operations, an energy expert, Kelvin Emmanuel, says blended Premium Motor Spirit (PMS) commonly known as petrol, from Malta is still being imported into the country. According to Emmanuel who was a guest on Channels Television yesterday, ...
The minimum pump price of petrol has not responded to the latest Dangote Petroleum Refinery ex-pot price slash of Premium Motor Spirit, PMS, also known as petrol to N899.50 per litre, from N970 per litre. Most petrol stations in Lagos have retained the old price range of N1,025 minimum in Nigeria National Petroleum Company Limited, […]
•NSCDC operatives The Nigeria Security and Civil Defense Corps, NSCDC has discovered a residential premises used in storing illegally refined petroleum products in Rivers State. The illegal storage facility located at Elelewo community in Obio/Akpor Local government area contains large storage tanks and cans filled with illegally refined petro...
•Dangote refinery In a landmark move for regional energy integration, Dangote Refinery and Neptune Oil jointly announced the first-ever export of Premium Motor Spirit (PMS) from Dangote Refinery, Africa’s largest oil refinery, to Cameroon. Dangote, in a statement yesterday, said the milestone achieved was as a result of the strategic collabora...
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