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08024545197Petroleum marketers have called on the Nigerian National Petroleum Company Limited (NNPC Ltd.) to conclude negotiations with two Chinese firms interested in managing the Port Harcourt and Warri refineries, saying the partnership could accelerate refinery revival efforts and help lower fuel prices across the country.
Fuel adulteration has long cast a shadow over Nigeria’s downstream petroleum industry. Even as sweeping reforms reshape the oil and gas landscape, the unlawful blending of premium motor spirit (PMS) with inferior or hazardous substances remains a concern for regulators, businesses and consumers alike.
Nigeria’s refining landscape is edging towards another pivotal shift as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) declares that the old Port Harcourt Refinery is technically ready to resume operations within one week. The disclosure, made by PENGASSAN President Festus Osifo on Channels Television’s The Morning Brief, comes amid renewed scrutiny
The Dangote Petroleum Refinery has called for an expansion of the Federal Government’s Naira-for-Crude policy, saying the initiative has played a key role in stabilising the naira while strengthening Nigeria’s domestic refining capacity. The Managing Director of Dangote Refinery Plc, David Bird, made the call during a press briefing at the refinery complex in Lagos,
For once, Nigerians crossed Christmas and New Year without the familiar anxiety of fuel scarcity, endless queues or panic buying. As families travelled, businesses stayed open and intercity transport flowed smoothly, the Muslim Rights Concern (MURIC) has credited this rare festive calm largely to the operations of the Dangote Petroleum Refinery. The group says the
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government to include modular refineries in the naira-for-crude oil scheme. The group warned that restricting the initiative to the Dangote Refinery undermines Nigeria’s refining ambitions and sidelines smaller domestic players. The call comes amid mounting complaints by the Crude Oil Refinery Owners Association
Nigeria’s refining landscape has undergone significant transformation in recent years, with a mix of mega projects and modular plants now contributing to domestic fuel production. As of 2025, these are the top 10 refineries ranked by capacity and operational relevance, including ownership status and year of establishment. 1. Dangote Refinery – 650,000 barrels per day
Independent fuel Depots are making a strong comeback in Lagos. They are undercutting the Dangote Petroleum Refinery on petrol (PMS) and diesel (AGO) prices. This competition is putting pressure on Dangote to review prices to protect its shrinking market share. Until mid-May, Dangote controlled about 50% of the wholesale fuel market in Lagos. But as
Dangote Refinery has reduced its petrol price to ₦825 per litre, according to an inside source, intensifying competition with private depots and fuel importers. The cut aims to tighten the refinery’s hold on Nigeria’s downstream market, where pricing battles now define dynamics. As of Saturday, Petroleumprice.ng listed Dangote’s retail market price at ₦830 per litre,
As the world shifts toward renewable energy and green technologies, it’s easy to overlook the foundational role oil refineries have played in powering economies. In Africa, several oil refineries built decades ago continue to shape energy landscapes, reflecting deep histories of resilience and industrial growth. While many of these facilities face pressure to modernize or
The Federal Government of Nigeria has instructed the Nigerian National Petroleum Company Limited (NNPCL) to raise national crude oil production to 2.5 million barrels per day (bpd) by the year 2026, in a renewed drive to boost energy output and attract investment in the country’s oil and gas sector. The directive was issued by Minister
The Nigerian oil and gas sector continues to showcase strong financial resilience and strategic leadership, with leading oil firms reporting significant performance milestones in their 2024 fiscal year. This report provides a detailed breakdown of the financial highlights and executive earnings from five major companies: Seplat Energy, TotalEnergies Marketing Nigeria, Aradel Holdings, Eterna Plc, and
The Economic and Financial Crimes Commission (EFCC) has launched a sweeping investigation into the Nigerian National Petroleum Company Limited (NNPCL). The EFCC Probes target the alleged mismanagement of $2.96 billion meant for refinery repairs. This investigation marks one of the most serious corruption cases in Nigeria’s recent oil sector history. The EFCC now focuses on
Petrol, also known as gasoline in many regions, fuels more than just cars. It drives transportation, sustains industrial growth, and anchors Nigeria’s energy economy. To fully grasp its impact, it’s crucial to explore how petrol is made, from crude oil to the final product used daily. Understanding Petrol Production: From Crude Oil to the Pump
Fuel adulteration, the deliberate contamination of petroleum products with substandard or hazardous substances, remains a critical issue in Nigeria, undermining economic stability, public health, and environmental integrity. This analysis dissects the root causes, systemic failures, and far-reaching consequences of this illicit practice while proposing actionable solutions. Root Causes: Economic Incentives and Systemic Gaps Fuel adulteration
Ayodeji Abdulrauf, Founder and CEO of Thinkstartup Beyond Borders, has provided a comprehensive assessment of Nigeria’s petroleum value chain, shedding light on critical issues ranging from the operational state of the Port Harcourt refinery to challenges with crude oil theft, subsidy removal, and foreign exchange (forex) management. Abdulrauf made these submissions on Thursday November 28,
The initial excitement surrounding the resumption of operations at the Port Harcourt Refining Company earlier this week appears to have waned, leaving many Nigerians disillusioned. A visit to the refinery on Friday revealed a lack of activity, with workers attributing the halt to ongoing calibration processes expected to last until next week. Despite repeated delays,
Official data from the National Upstream Petroleum Regulatory Commission (NUPRC) has contradicted earlier reports suggesting a rise in Nigeria’s crude oil output to 1.8 million barrels per day (mbpd) in October 2024. Instead, the NUPRC reports that total crude oil production, including condensates, dropped marginally by 0.40%, averaging 1.538 mbpd in October, compared to 1.544
The Major Energies Marketers Association of Nigeria (MEMAN) has disclosed that its members have lifted over 251 million litres of Premium Motor Spirit (PMS) from the newly operational Dangote Petroleum Refinery within two months. The announcement was made during MEMAN’s webinar held on Wednesday, November 27, 2024, themed “Fuel Pricing.” The webinar sought to deepen
The Nigerian National Petroleum Company Limited (NNPCL) has addressed concerns regarding claims that its petrol price stands at approximately N1,045 per litre, clarifying that no price has been set as the Port Harcourt Refinery Company (PHRC) has not released refined products for public sale. Currently, the products are being dispensed exclusively to NNPCL stations. Oil