The Dangote Petroleum Refinery in Lagos is undergoing modifications to increase its nameplate capacity from 650,000 The post Dangote upgrades refinery, targets 700,000bpd capacity appeared first on The Guardian Nigeria News – Nigeria and World News. Powered by WPeMatico
Electricity bill may weaken state control, raise consumer costs — Commissioners
The Forum of Commissioners of Power and Energy has raised alarm over the proposed 2025 amendment to the Electricity Act, warning that it could trigger constitutional conflicts between the federal and state governments, while also worsening financial pressures on consumers Read More
Refinery repairs hit unexpected hurdles, under review — NNPCL CEO
The Nigerian National Petroleum Company (NNPC) Limited has acknowledged that efforts to rehabilitate the country’s state-owned refineries are facing significant challenges, with the process proving more complex than initially projected. Speaking to Bloomberg on the sidelines of the 9th OPEC Read More
Oil theft eases despite $25.7b losses in 23yrs as operators turn to barges
Nigerian elites and their international collaborators may have stolen over $25.7 billion crude oil in the past 23 years, fueling poverty, revenue shortfall and public debt, which currently stands at N149.4 trillion. The post Oil theft eases despite $25.7b losses Read More
Nigeria’s export capacity stalls oil-backed loan from Saudi’s Aramco
Negotiations over a landmark $5 billion oil-backed loan between Nigeria and Saudi Arabia’s Aramco have slowed, as doubts grow over Nigeria’s ability to guarantee the crude volumes needed to carry out the deal. The agreement, first initiated during President Bola Read More
Dangote names refinery road after Tinubu, says petrol now 45% cheaper
Aliko Dangote has named the main road leading to the Dangote Refinery after President Bola Tinubu, citing the president’s longstanding contributions to the project and his administration’s support for private sector-led infrastructure. The announcement was made on Thursday during the Read More
Irish firm to build 200MW solar panel plant in Nigeria
Irish company, CDGA Consultants, through its Nigerian subsidiary Cork Nigeria Solar Energy Company (CNSEC), has announced plans to establish The post Irish firm to build 200MW solar panel plant in Nigeria appeared first on The Guardian Nigeria News – Nigeria Read More
Nigeria to expand gas infrastructure with 10 indigenous energy firms
The Federal Government, through the Midstream and Downstream Gas Infrastructure Fund (MDGIF), created with the Petroleum Industry Act (PIA), has signed joint venture investment agreements with nine companies with the aim of expanding gas infrastructure in the country. The companies—ANT Read More
NNPC shutdown Port-harcourt Refinery
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the shutdown of the Port Harcourt Refining Company (PHRC) for planned maintenance, commencing on 24 May 2025. The shutdown comes against the backdrop of mounting allegations of mismanagement and alleged Read More
Dangote refinery cuts petrol price to ₦875
Dangote Petroleum Refinery & Petrochemicals on Friday announced a further reduction of N15 in the price of its high-quality Premium Motor Spirit (PMS), bringing the new price in Lagos down to N875 per litre. The latest cut will see petrol Read More