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08024545197The Group Managing Director of Techno Oil, Mrs Nkechi Obi (OON), has commended Petroleumprice.ng for the quality of its market intelligence report, noting that she was introduced to the platform by the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
Joe Leigh has spent more than a decade in physical oil commodity markets, watching West Africa's trading landscape shift from a business run on phone calls, spreadsheets and personal relationships to one increasingly shaped by data. As Founder and Chief Executive Officer of Union Brokerage and its market intelligence platform, Owari, he spoke to Petroleumprice.ng about what is holding back liquidity in the region, how the Dangote Refinery is reshaping trade flows, and why he believes technology's role is to strengthen relationships in the market, not replace them.
Nigeria's downstream petroleum sector has long operated without price visibility, leaving traders, marketers and consumers to navigate a market where critical information was routinely withheld. In under two years, Petroleumprice.ng has made significant strides in changing that. Olatide Jeremiah, Chief Executive Officer of Petroleumprice.ng, spoke to Petroleumprice.ng about the platform's growth, its role in fuel price transparency, Dangote Refinery's growing presence in domestic fuel supply, and the ongoing court battle over import licences.
Nigeria's petroleum haulage sector moves millions of litres of fuel daily. Yet, the logistics chain connecting truck owners to fuel marketers remains largely manual, opaque and financially risky for all parties involved. Product diversion, unverified drivers, and a lack of real-time visibility are structural problems that the sector has carried for years. Marketers bear full liability for losses in transit.
The Major Energies Marketers Association of Nigeria (MEMAN) was recently honoured as the Downstream Petroleum Industry Advocate of the Year at the Petroleumprice.ng Awards. Executive Secretary and CEO Clement Isong speaks on what the recognition means, the association's priorities, and where Nigeria's downstream sector is headed.
Nigeria's liquefied petroleum gas sector is expanding rapidly. Cylinder-based distribution remains the dominant model for millions of households, marked by supply uncertainty, poor consumption visibility and inefficient logistics chains that constrain growth for operators and consumers alike.
Nigeria's downstream petroleum sector runs on a vast and often invisible network of independent marketers who bridge the gap between large distributors and the everyday consumer. At the centre of that network sits the Independent Petroleum Marketers Association of Nigeria, IPMAN, whose National President, Alhaji Abubakar Maigandi Shettima, has made it his mandate to defend the interests of marketers and hold the industry to account.
Product diversion by truck drivers during haulage, not supply failures at depots, is the primary driver of petroleum shortages in Nigeria's distribution chain, the Depot Manager at Bono Energy Storage Terminal, has said.
Nigeria's downstream sector is navigating its most consequential transition in decades: deregulated prices, a new large scale refinery, and a generation of operators built on importation now forced to rethink everything. Adetunji Oyebanji, who retired in March 2026 as Managing Director and Chief Executive Officer of 11 Plc after 45 years that began on the floor of what was then Mobil Oil Nigeria, tells Petroleumprice.ng that the industry has come full circle and that the country has earned the right to stop looking backwards.
More than two years after the removal of fuel subsidies, Nigerian consumers are still absorbing prices that show no clear path downward. Ogechi Morenikeji Nkwoji, Head of Economic Intelligence, Research and Regulation at the Major Energies Marketers Association of Nigeria, tells Petroleumprice.ng that the problem runs deeper than global oil markets and that fixing it will require infrastructure investment, genuine competition, and policy coordination that have so far remained incomplete.
Nigeria's downstream petroleum sector is being reshaped by deregulation, a new domestic refinery, and mounting foreign exchange pressure. Chinedu Ukadike, Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria(IPMAN), tells Petroleumprice.ng that through every shift, one thing has not changed: independent marketers remain the backbone of fuel distribution in Nigeria, and the market cannot function without them.
Nigeria is increasingly becoming a preferred destination for buyers of liquefied natural gas (LNG), the Nigerian National Petroleum Corporation (NNPC) has said. Speaking at the CERAWeek energy conference in Houston, NNPC Executive Vice President Olalekan Ogunleye said global energy disruptions have created fresh commercial opportunities for the country.
Fresh pressure is building in Nigeria’s fuel market as Dangote Refinery moves to adjust petrol prices upward, a development that could quickly translate to higher pump prices nationwide amid rising global crude costs.
Hon. Prince Sesi Oluwaseun Whingan, Federal Representative for Badagry Constituency in the 10th National Assembly, marks his 40th birthday today. Colleagues, constituents, and political stakeholders are highlighting his record of service, reform, and grassroots projects since his election in June 2023. Early Life and Education Born on 22 September 1985 into the royal family of
Femi Otedola has revealed how a single financial lifeline from his father, the late Sir Michael Otedola, transformed his bold idea into one of Nigeria’s most formidable oil businesses. The billionaire businessman said the £250,000 loan he received at the early stage of Zenon Petroleum became the catalyst for an aggressive expansion that redefined the
Femi Otedola has opened up on how he turned early academic failure into a springboard for one of Nigeria’s most remarkable business success stories. The 62-year-old billionaire, in his memoir Making It Big, recounts how he struggled through school, dropped out, and chose business over academics, a decision that defined his rise to wealth and
Nigeria’s oil and gas pipelines, managed primarily by the Nigerian National Petroleum Company Limited (NNPCL), are critical to the nation’s economy.However, repeated incidents of pipeline vandalism and oil theft have cost the nation trillions of naira. (Tinubu,NNPCL must act fast!) President Bola Ahmed Tinubu’s administration has expressed its intent to improve energy security and national
The Executive Secretary of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Olufemi Adewole, has raised concerns over the Federal Government’s policy of selling crude oil in naira to the Dangote Petroleum Refinery, warning of potential economic repercussions. Concerns Over Foreign Exchange Stability In a statement on Monday, Adewole cautioned that the naira-for-crude
Abubakar Megandi Shetima, President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), stands as a vital figure in Nigeria’s petroleum industry. Leading an organisation responsible for nearly 80% of retail outlets nationwide, Shetima provides insights into the critical role of IPMAN, challenges in distribution, and the future of local refining. In an exclusive interview