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08024545197The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged its members nationwide to participate in the planned initial public offering (IPO) of Dangote Petroleum Refinery, describing the share sale as an opportunity for independent petroleum marketers to become equity owners in the refinery
Petroleumprice.ng has partnered with Owari, a market intelligence platform, to expand access to real-time data on Nigeria's downstream petroleum sector.
Nigeria’s downstream market is facing renewed pricing pressure as the sharp rise in international crude prices over the past four days pushes up replacement costs, with depot owners and marketers increasingly positioning for PMS at about ₦1,300 per litre and AGO around ₦2,000 per litre.
Dangote Petroleum Refinery and Petrochemicals FZE has approved 32 banks, fintechs, mobile network operators and other platforms through which investors can subscribe for its shares when the public offer opens.
The regulatory dispute between Dangote Petroleum Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority has escalated to the Federal High Court in Lagos, with NMDPRA defending its decision to suspend propane loading and truck-out operations and the refinery accusing the regulator of abusing its powers.
Nigeria’s petrol market is facing renewed pricing pressure after the estimated landing cost of Premium Motor Spirit (PMS) rose to ₦1,311.36 per litre, widening the gap between import replacement costs and prevailing domestic wholesale prices.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has rejected claims of under-remitted gas flare penalties involving the Midstream and Downstream Gas Infrastructure Fund (MDGIF), saying the alleged revenue variances cited by the Auditor-General of the Federation reflect timing and reconciliation issues rather than unaccounted funds.
The House of Representatives has launched a probe into ₦432.07 billion in unpaid debts owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) by the Nigerian National Petroleum Company Limited (NNPCL) and oil marketing firms. The Public Accounts Committee (PAC), chaired by Rep. Bamidele Salam, announced the investigation on Tuesday, September 8, 2026.
Brent crude has gotten to the $100 per barrel mark for the first time in nearly two months as the escalating U.S.-Iran conflict threatens to further disrupt crude supplies, tanker movements and energy infrastructure across the Middle East.
The Federal Workers Forum has called on the Federal Government to restore fuel subsidy and introduce a permanent Cost-of-Living Allowance for federal workers, citing the sustained pressure of rising fuel, transport and essential commodity prices on households.
Dangote Petroleum Refinery and Petrochemicals has fixed the price of its proposed public offering at ₦525 per share, with investors able to subscribe for a minimum of 10 ordinary shares valued at ₦5,250 when the offer opens on September 14, 2026
West Africa Exploration and Production Company (WAEP), the upstream arm of Dangote Group, is preparing to accelerate crude oil production from its Nigerian assets, targeting more than 1.6 billion barrels of oil in place while developing infrastructure to monetise associated gas within the next two years
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has attributed persistent volatility in petrol prices to rising crude oil sourcing costs, domestic refining constraints, logistics and transportation expenses under the country’s deregulated downstream petroleum market.
Mocoh and Dover Fueling Solutions have been confirmed as Gold Sponsors of the OTL Africa Downstream Energy Week's 20th anniversary edition, holding in Lagos from October 25 to 30, 2026, alongside Argus Media and Asharami Synergy at the Bronze tier.
Nigeria’s refinery operators have called for a progressive reduction in petroleum-product imports, arguing that continued reliance on imported fuels could weaken investment in the country’s expanding domestic refining industry and increase pressure on foreign exchange
The United States military claims it struck three Iranian crude oil tankers on Saturday, including one near Kharg Island, the terminal through which Iran shipped roughly 90 percent of its crude before the current conflict, adding further pressure to an export capacity already curtailed by a US blockade in place since mid April.
US President Donald Trump has accused Democrats of wanting the United States to lose the war against Iran, intensifying the political battle over a conflict that is putting further pressure on American households through higher food and petrol prices.
The planned initial public offering of Dangote Refinery is expected to open within the next 10 to 12 days as Africa’s biggest refinery moves closer to a share sale that could raise about $5 billion
Iran launched missile and drone strikes against US military positions in Kuwait and the United Arab Emirates on Thursday, after Tehran vowed retaliation over an alleged US attack on a wedding in southern Iran that reportedly killed four people, including a child
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