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1 week ago | 
nigeriaworld.com | Udeme Akpan
In a significant development, Dangote Petroleum Refinery has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol.
The new price is set at N835 per litre, down from N865 per litre, marking a 3.5 per cent decrease.
This price adjustment follows the recent decline in global crude oil prices, which have dropped to $64 per barrel from over $70 per barrel in recent weeks.
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3 weeks ago | 
nigeriaworld.com | Udeme Akpan
THE price of Nigeria’s Bonny Light yesterday dropped to $69.90 per barrel from more than $75 per barrel in the global market, indicating a decrease of 6.8 percent.
The development was fuelled by announcement of sweeping new tariffs by US President Donald Trump and the decision of the Organisation of Oil Producing Countries, also known as OPEC+ group, to increase its unwinding of output cuts in May 2025, expected to increase supply to the market.
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1 month ago | 
newsheadlines.com.ng | Udeme Akpan |Ediri Ejor
By Udeme Akpan, Energy Editor & Ediri EjorTHE Association of Nigerian Electricity Distributors, ANED, the professional association of the 11 electricity distribution companies, DisCos, in the country, said, yesterday that the Sam Ethnam Air Force Base Ikeja, Lagos, would not be reconnected to the grid without the settlement of its N4.3 billion debt to Ikeja Electric Plc.
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2 months ago | 
theafrica.co.za | Udeme Akpan
Insists NNPCL didnt import products in 2025 By Udeme Akpan THE Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari has flayed talks about the existence of sub-standard premium Motor Spirit, PMS, also known as petrol in the country, describing it as unfortunate drama and bad marketing practice.
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2 months ago | 
newsheadlines.com.ng | Udeme Akpan |Peter Egwuatu |Yinka Kolawole
By Udeme Akpan, Energy Editor, Peter Egwuatu & Yinka KolawoleAS Nigeria steps up efforts to implement its N54.9 trillion 2025 budget, experts have expressed fears that President Donald Trump’s energy policy, targeted at increasing oil output would impact the $75 per barrel target on which the budget is based, inflation and Diaspora remittances, among others.
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2 months ago | 
newsheadlines.com.ng | Udeme Akpan
*** FG fails to meet 2.06m bpd budget target*** Meets 1.5m bpd OPEC quotaBy Udeme Akpan, Energy EditorNigeria’s oil output, including condensate, increased month-on-month (MoM) by 4 per cent to 1.737 million bpd in January 2025, from 1.667 million bpd recorded in the preceding month of December 2024.
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2 months ago | 
newsheadlines.com.ng | Udeme Akpan
By Udeme Akpan, Energy EditorDangote Petroleum Refinery & Petrochemicals has reduced the gantry price of its diesel by 5 per cent to N1, 020 per litre, from N1,075 per litre in order to impact the lives of customers and Nigerians. Since it began diesel production in January 2024, the refinery has reduced the price of diesel more than three times, from an initial N1,700 per litre to the current rate, thus providing much-needed relief to manufacturers and consumers alike.
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2 months ago | 
newsheadlines.com.ng | Udeme Akpan
By Udeme AkpanEnergy expert, Dan Kunle, has warned that the continued importation of petrol and diesel by the Nigerian National Petroleum Corporation (NNPC) Limited and certain marketers, despite the Dangote Petroleum Refinery’s capacity to meet domestic demand, is a disservice to the country. Recent reports indicate that NNPC, Oil Marketers spent N5.5tn on petrol, diesel importation in four months.
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2 months ago | 
newsheadlines.com.ng | Udeme Akpan |Mariam Eko
•As IPMAN patronizes Dangote RefineryBy Udeme Akpan & Mariam EkoTHE Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, said it was awaiting the Nigerian National Petroleum Company Limited, NNPCL, to open its portal to enable it lift petroleum products from Warri refinery. The 125,000 barrels per day, bpd refinery started operations and loading of petroleum products about one month ago after many years of rehabilitation.
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2 months ago | 
newsexpressngr.com | Udeme Akpan
News Express |3rd Feb 2025 | 40By UDEME AKPANWith their pioneering exploration and production activities, the International Oil Companies, IoCs, were well-entrenched, determining the pace in Nigeria’s petroleum industry. Foreign oil services companies also dominated the scene, executing juicy contracts to the detriment of indigenous companies, despite the existence of experts and companies with required skill sets.
