The National Association of Nigerian Students on Monday urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari to boost the capacity of local refineries in the country. NANS national president, Olushola Oladoja, in a statement signed by him, described Ojulari as a thoroughbred professional whose extensive experience, integrity, and […]
Foreign investors sold off equities worth N576.09bn on the Nigerian Exchange between January and June 2025, representing an 84.97 per cent increase from the N311.41bn withdrawn in the same period of 2024. The outflows exceeded foreign inflows, which stood at N559.25bn, resulting in a net negative foreign portfolio position of N16.84bn over the six months. […]
The Natural Oil and Gas Suppliers Association of Nigeria has warned that the Dangote Petroleum Refinery’s plan to bypass existing distribution channels and supply refined petroleum products directly to end-users would lead to a nationwide disruption, long-term product scarcity, and the collapse of existing supply networks. The oil and gas suppliers called on the refinery […]
The Federal Government may rake in N796bn annually from the introduction of a five per cent surcharge on locally produced and imported petrol, based on its new tax policy slated to take effect from January 1, 2026. The five per cent surcharge on refined petroleum products is contained in the Nigeria Tax Administration Act, one […]
Nigerian National Petroleum Company Limited has reduced its premium motor spirit price for the second time in one week, the state-owned oil firm today, adjusted its petrol price to N890 per litre from N895, representing N5 per litre downward price review.While NNPCL retail outlets dispense fuel at N890 per litre, Dangote Refinery’s retail partners, such […]
The Dangote Petroleum refinery has begun exporting Premium Motor Spirit, selling approximately 1.35 billion litres of petrol to other countries worldwide in the past 50 days.President of the Dangote Group, Alhaji Aliko Dangote, disclosed this at the ongoing Global Commodity Insights Conference on West African Refined Fuel Markets hosted by the Nigerian Midstream and Downstream […]
The Dangote oil refinery is planning to end crude importation by December 2025. The refinery is willing to rely fully on Nigerian crude by the end of the year, a move that would replace hundreds of thousands of barrels a day of imported oil.News men reported that the plant received about half of its crude […]
The Nigeria Customs Service, Murtala Muhammed International Airport Command, has engaged stakeholders, including the Economic and Financial Crimes Commission and the National Financial Intelligence Unit, and passengers, among others, to tackle money laundering and terrorism financing.The event held at the Federal Airport Authority of Nigeria Conference Room at the MMIA Wing on Tuesday was themed, […]
Retail outlets owned by the Nigerian National Petroleum Company Limited have effected an upward adjustment in the pump price of the Premium Motor Spirit, also known as petrol, to N945 per litre in the Federal Capital Territory on Monday. The price adjustments come just days after the Dangote Petroleum Refinery increased its ex-depot price of […]
The President of the Dangote Group, Aliko Dangote, says his 650,000-barrel capacity refinery is increasingly relying on the United States for crude oil. This came as findings showed that the Dangote Petroleum Refinery is projected to import a total of 17.65 million barrels of crude oil between April and July 2025, beginning with about 3.65 million […]
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