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
Dangote Refinery becomes key jet fuel supplier to U.S., eyes Europe
Nigeria’s Dangote refinery is making waves in global fuel markets, with its jet fuel exports to the U.S. hitting a two-year high in March, showing its growing influence beyond Africa. Though the U.S. remains a key destination, the refinery is Read More
IPMAN threatens to halt fuel supply to Ogun over activities of task force
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to stop petroleum product supplies to Ogun State due to ongoing intimidation by “an illegal Task Force” set up by the state government to disrupt its members’ businesses statewide. The Read More
Resolve NNPCL, Dangote fuel pricing controversy now, CNPP urges FG
The Conference of Nigerian Political Parties (CNPP) has expressed concern about the lingering controversy surrounding the pricing of petrol from the Dangote Refinery and the role of the Nigerian National Petroleum Company Limited (NNPCL), urging the Federal Government to resolve Read More
Renewables cheaper than oil, save $409b in fuel cost — IRENA
The International Renewable Energy Agency (IRENA) said on Tuesday that over $409 billion have been saved in fuel costs due to the deployment of renewable energy, which was cheaper than fossil fuels in 2023. IRENA, in a new report on Read More
Nigeria will end fuel imports by June — Dangote
Aliko Dangote, Africa’s richest man and Chairman of Dangote Group, has assured that starting next month, Nigeria will no longer need to import petroleum products, following the implementation of the Dangote Refinery’s plans. The refinery, he noted, has the capacity Read More
Fashola, Kupolokun, others fault transition to fossil fuels
Stakeholders in the energy sector, have in Abuja, said the country’s efforts to transit to a new era of energy landscape may remain elusive because of lack of value addition in the industry. The players, who gathered at the Read More