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Petroleumprice.ng has officially opened nominations for the 2026 PetroleumPrice.ng Recognition & Awards, inviting stakeholders across Nigeria's downstream petroleum industry to nominate individuals and organisations that have demonstrated outstanding performance, innovation and industry leadership

The Strait of Hormuz, one of the world's most strategic maritime corridors, became a focal point of the 2026 conflict involving the United States, Israel and Iran, with Tehran shutting or effectively restricting the vital shipping lane on three separate occasions. Each closure was triggered by a different phase of the conflict, reflecting how the waterway evolved from a geopolitical pressure point into one of Iran's most significant strategic tools

Safety authorities have reinforced generator refuelling guidelines following a rise in residential fire incidents, with new data indicating that unsafe handling practices remain the dominant cause of outbreaks

Petroleumprice.ng has commenced the recruitment of field sales personnel as part of efforts to expand access to its pricing intelligence and digital marketplace services across Nigeria’s downstream petroleum sector

As Nigeria accelerates LPG adoption and deepens its downstream gas infrastructure, cylinder safety remains a critical component of the value chain. Techno Oil says it is positioning itself at the centre of this transition with what it describes as one of the most advanced gas cylinder manufacturing operations in West Africa. According to the company,

Africa’s downstream petroleum market is undergoing significant evolution. Pricing volatility, tighter liquidity, and rising operating costs are reshaping how fuel is financed and distributed. As a result, digital platforms are playing a more active role in connecting supply, credit, and logistics. TradeGrid operates within this transition. The company positions itself as a digital trading platform

Nigeria’s petrol market long depended almost entirely on imports, leaving prices exposed to foreign exchange volatility, freight costs, and global supply shocks. After the subsidy removal in mid-2023, average pump prices jumped from ₦176 per litre in June 2022 to ₦546 per litre by June 2023, a 210% year-on-year increase. The rise continued to ₦672 per litre in December

Nigeria’s petroleum retail network dates back several decades, with a handful of service stations still operating on sites established during the country’s early oil era. These outlets offer a rare physical link between Nigeria’s modern fuel market and its petroleum history. 1. Total Nigeria Plc – Yaba, Lagos Total Nigeria opened Nigeria’s first modern petrol

Nigeria’s oil and gas industry recorded a year of recovery and repositioning in 2025, marked by stronger midstream activity, rising domestic refining capacity, and renewed upstream investment. While production remained below government targets, structural reforms, infrastructure progress, and improved market dynamics reshaped the sector’s trajectory. Below is an itemised review of the industry’s performance across

In a sector traditionally dominated by men, Juliana Terzungwe Iorzaa is breaking new ground for women in Nigeria’s logistics and petroleum distribution industry. At just 28, the Benue-born driver has become a symbol of resilience, skill, and progress, earning recognition as one of Dangote Oil’s newly assigned petroleum truck drivers in 2025. A native of

As Nigeria marks its 65th anniversary of independence, the petroleum sector remains central to the country’s economic and political narrative. From the first filling station in Lagos to the commissioning of Africa’s largest refinery, the industry has significantly shaped national development, fiscal policy, and the country’s global standing. Here are 15 key dates and milestones

President Bola Ahmed Tinubu marked Nigeria’s 65th Independence Day with a broadcast that projected confidence in his reforms. He cited higher crude oil output, subsidy removal, and foreign exchange unification as proof that the country is “on the path of renewal.” He urged citizens to endure short-term pain for long-term gain. But fresh disruptions in

The ongoing strike by the National Union of Petroleum and Natural Gas Workers (NUPENG) has revived an old debate: does the union fight for its members’ welfare, or does it primarily protect the interests of its leaders? For decades, NUPENG and its Petroleum Tanker Drivers (PTD) branch claimed to champion drivers’ rights. Yet many drivers

Petrobras, Brazil’s state-controlled oil giant, is one of the most influential companies in the global energy market. While its name is widely recognized for oil production and political debates, there are many lesser-known facts about its innovations, achievements, challenges, and global reach. 1. Petrosix Oil-Shale Innovation Since 1953, Petrobras has invested heavily in unconventional oil

Nigeria’s downstream oil and gas sector is often viewed as male-dominated. Yet, an exclusive analysis by Petroleumprice.ng shows that a growing number of women now head some of the industry’s most prominent companies. These leaders blend professional expertise with strategic vision, enabling their firms to remain strong players in fuel distribution, trading, retail, lubricants, and