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5 days ago | 
nigeriaworld.com | Udeme Akpan
• Domestic refining offers more benefits, says Dangote
THE President of ECOWAS Commission, Dr Omar Alieu Touray, said over the weekend that Dangote Petroleum Refinery has become a symbol of ambition, vision and industrial self-reliance for an entire continent.
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2 weeks ago | 
allafrica.com | Udeme Akpan
Dangote Petroleum Refinery has taken delivery of 146,000 metric tonnes of crude oil from the international market, with the vessel, Hercules, still discharging the cargo. According to checks by Vanguard, another vessel, Sienna, is scheduled to arrive with 125,000 metric tonnes of crude oil for refining.
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3 weeks ago | 
allafrica.com | Udeme Akpan
The Nigerian National Petroleum Company (NNPC) Limited has reduced the price of Premium Motor Spirit (PMS), also known as petrol, to N910 per litre from N935 per litre in Abuja. However, the price adjustment has not yet been implemented in Lagos and other cities across Nigeria. Meanwhile, Dangote Petroleum Refinery initiated the price adjustment last weekend, slashing the gantry price of petrol to N825 per litre from N835 per litre, as competition intensifies in the domestic market.
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3 weeks ago | 
allafrica.com | Udeme Akpan
...As market records stiff competitionDangote Petroleum Refinery has slashed the gantry price Premium Motor Spirit, PMS, also known as petrol to ₦825 per litre from N835 per litre as competition continues in the domestic market. Last month, the 650,000 barrels per day refinery reduced the gantry price of petrol to N835 per litre from N865 per litre.
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3 weeks ago | 
allafrica.com | Udeme Akpan
·As Dangote Refinery export diesel, import crudeOil marketers have flooded the domestic market with 283, 577 metric tonnes of imported Premium Motor Spirit, PMS, also known as petrol and other petroleum products. This was even as the 650,000 Dangote Petroleum Refinery exported 44,000 metric tonnes of diesel to the global market while making preparations to receive 136,124 metric tonnes of imported crude oil for refining, weekend.
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1 month ago | 
nigeriaworld.com | Udeme Akpan
Downstream sector operators have adjusted the prices of Premium Motor Spirit (PMS), also known as petrol, and other petroleum products due to the continued fall in crude oil prices.
The downward adjustments, Vanguard gathered, was also driven by competition as local producers battle imported products.
According to Petroleum Price NG, Nipco and Rainoil adjusted their pump prices to N841 per litre from over N842 per litre.
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1 month ago | 
nigeriaworld.com | Udeme Akpan
THE Nigerian National Petroleum Company (NNPC) Ltd has sacked many senior staff members, as Bayo Ojulari, the new boss moves to effect major changes in the organization. Checks by Vanguard, yesterday, showed that those affected included Bala Wunti, former chief of National Petroleum Investment Management Services (NAPIMS), Ibrahim Onoja, managing director of the Kaduna Refinery and Lawal Sade, the chief compliance officer and former managing director of NNPC Trading.
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1 month ago | 
allafrica.com | Udeme Akpan
Nigeria's gas output has jncreased 15,6 percent month-on-month, MoM, to 227,931.65 million standard cubic feet, mscf, in March 2025. But on year-on-year, YoY basis, the nation's gas output recorded a marginal increase to 227,931.65 mscf in March 2025, from 198,353.62 mscf, recorded in the corresponding period of 2024.
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1 month 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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2 months 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.
