Importation of petroleum products and crude oil into Nigeria will persist in the short term despite the resumption of new regulators The post Nigeria’s fuel, crude importation concern defies price war appeared first on The Guardian Nigeria News – Nigeria Read More
Why Africa’s downstream sector is the next global investment frontier
Investors do not chase potential – they chase predictability. Africa has plenty of the former while it is steadily building the foundations The post Why Africa’s downstream sector is the next global investment frontier appeared first on The Guardian Nigeria Read More
Dangote Refinery slashes petrol price to N699 per litre
The Dangote Petroleum Refinery has reduced its petrol gantry price from N828 to N699 per litre, a move industry observers say could influence retail fuel pricing across Nigeria. The adjustment, effective from yesterday, 11 December 2025, represents a reduction of Read More
Dangote Refinery says it can supply up to 1.7bn litres of petrol monthly
Dangote Refinery has stated that it is prepared to supply Nigeria’s domestic premium motor spirit (PMS) requirements, including 1.5 billion litres per month in December 2025 and January 2026, and 1.7 billion litres per month from February 2026. This was Read More
Nigerians spend N21.8 trn on petrol in 12 months
Nigeria’s struggle to attain domestic energy security is far from being overcome after a fresh data released by the Federal Government The post Nigerians spend N21.8 trn on petrol in 12 months appeared first on The Guardian Nigeria News – Read More
Dangote dismisses reports linking PMS price cut to 15% tariff suspension
Dangote Petroleum Refinery has dismissed reports suggesting that the recent reduction in pump prices by oil marketers resulted from the suspension of a 15 per cent import tariff on premium motor spirit (PMS) and automotive gas oil (diesel), describing the Read More
FG suspends 15% import duty on petrol, diesel to prevent price hike
The Federal Government has suspended the implementation of the 15 per cent ad-valorem import duty earlier approved on imported Premium Motor Spirit (PMS) and diesel, following widespread concern that the policy could trigger fresh increases in fuel prices and worsen Read More
NAPS calls for ban on imported refined petroleum products
The National Association of Polytechnic Students (NAPS), the umbrella body representing students in Polytechnics, Monotechnics, and Colleges of Technology across Nigeria, has urged President Bola Ahmed Tinubu to impose a total ban on the importation of refined petroleum products. The Read More
Dangote refinery expands capacity from 650k to 1.4m barrels a day
The Dangote Petroleum Refinery has announced plans to expand its processing capacity from 650,000 barrels per day (bpd) to 1.4 million bpd, positioning it as the largest refinery in the world upon completion. President of the Dangote Group, Alhaji Aliko Read More
VivaJets targets Africa’s oil sector with new investment
Nigeria and other African countries may see a reduction in the per-barrel cost of oil production and improve operational stability with dedicated logistics aimed at phasing out downtime across the upstream and downstream petroleum industry, VivaJets’ Chief Executive Officer, Erika Achum, Read More