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08024545197Dangote 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 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.
Truckified has said its productivity in petroleum haulage is measured beyond the number of trips completed, with operational standards, safety measures, product loss management and quantity accountability identified as the company's key performance indicators.
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.
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has urged the Federal Government to urgently strengthen domestic refining by ensuring local refineries have reliable access to crude at commercially sustainable prices and by progressively reducing dependence on imported petroleum products.
Nigeria’s depot petrol market is facing fresh upward pressure, with prices in different supply hubs expected to move towards ₦1,300 per litre after Dangote Petroleum Refinery increased its Premium Motor Spirit (PMS) gantry price for the third time in nine days.
The management of Dangote Petroleum Refinery and Petrochemicals (DPRP) has warned that continued issuance of petrol import licences could compel the refinery to increase its focus on exports, as imported Premium Motor Spirit (PMS) continues to take a significant share of the Nigerian market.
Nigeria has met its OPEC crude production quota for a third consecutive month, but the modest increase in output is yet to deliver the fiscal boost the government needs, with analysts saying production must rise substantially above 2 million barrels per day to create a meaningful oil windfall.
Nineteen upstream oil licences in Nigeria are set to expire this year, putting operators on notice even as the regulator quietly issues fresh acreage to new entrants. The Nigerian Upstream Petroleum Regulatory Commission's latest Concession Situation Report lists 12 Petroleum Prospecting Licences and seven Oil Prospecting Licences with 2026 expiry dates, alongside three more that lapsed in 2025.
Truckified Limited is positioning real-time visibility as the next standard for petroleum haulage in Nigeria, built around tracking, digital documentation and electronic proof of delivery.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given 31 companies that won 37 oil and gas blocks in the 2025 Licensing Round 60 days to complete their signature bonus payments or risk forfeiting their provisional awards.
Nigeria’s shift to compressed natural gas (CNG) has reduced fuel costs for some commercial transport operators, but the savings have yet to translate into cheaper fares for many commuters across the country.
Dangote Petroleum Refinery has raised its Premium Motor Spirit (PMS) gantry price by ₦20 per litre, from ₦1,165 to ₦1,185 per litre, with the new price effective midnight, August 21, 2026. The revised price was gathered by Petroleumprice.ng.
The Federal Government has said that the Dangote Petroleum Refinery could not have operated commercially under Nigeria’s former petrol subsidy regime, arguing that maintaining pump prices at about ₦200 per litre would have made private refining investment virtually impossible.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has disclosed that negotiations to establish a unified fuel quality standard across the Economic Community of West African States have reached an advanced stage, as the region pushes towards a more integrated petroleum market.
The Liberia Petroleum Products Retailers Union (LIPPRU) has confirmed its participation in the 20th anniversary edition of OTL Africa Downstream Energy Week, scheduled for 25–30 October 2026 at the Oriental Hotel, Lagos, under the theme "Secure Energy, Share Prosperity." LIPPRU joins other industry bodies expected at the event, including the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), the Major Energies Marketers Association of Nigeria (MEMAN) and the Depot and Petroleum Products Marketers Association of Nigeria (DAPMAN).
The Federal Government has introduced a new fiscal incentive that could give fresh deepwater oil projects a significantly more attractive starting position, resetting the profit-oil sharing ratio to 70:30 in favour of contractors even when older production in the same contract area has already moved to a higher government share.
The Nigerian Upstream Petroleum Regulatory Commission is working on a domestic crude oil and gas swap arrangement aimed at reducing supply costs and improving feedstock availability for local refineries.
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