NNPC Reduces Petrol Price Following Dangote Refinery
NNPC slashes petrol prices in Lagos and Abuja after Dangote Refinery's price cut, sparking a potential fuel price war. Get the latest updates and analysis.
Category : Search result: refinery privatization
House of Reps Intervenes in Dangote, NMDPRA Dispute
The House of Representatives has stepped in to mediate the escalating conflict between Dangote Refinery and the NMDPRA. Both parties have been summoned to present their cases. Read the full story.
Land Grabbing May End in Rivers with New Community Committee
Alesa community in Rivers State inaugurates a Land Development Committee to combat land grabbing and fraudulent sales, backed by the state government and traditional ruler. This new system aims to protect investors and ensure secure land transactions.
Dangote Pledges More Petrol Price Reductions, Ends Fuel Queues
Aliko Dangote commits to lowering petrol prices to compete with imports, declares an end to Nigeria's fuel queues, and reveals plans to expand his refinery to 1.4 million barrels daily by 2028.
Dangote: Fuel Queues Gone Forever, Refinery to Expand
Aliko Dangote assures Nigerians of stable fuel supply this Christmas and reveals plans to make Dangote Refinery the world's largest by 2028. Read the full details.
NNPC Slashes Petrol Price by N20 Nationwide
The NNPC has reduced petrol pump prices by at least N20 across Nigeria, with new rates from N895 to N965 per litre. Depots in Lagos, Port Harcourt, Warri, and Calabar also adjust prices following new PMS arrivals.
Dangote: Fuel Queues Gone Forever, Christmas Supply Assured
Aliko Dangote assures Nigerians of stable petrol supply during Christmas and reveals plans to make his refinery the world's largest by 2028. Read the full details.
Dangote Refinery Slashes Diesel Price to N910/Litre
Dangote Refinery reduces diesel price to N910 per litre, a 4.21% drop, offering relief to Nigerian industries and transport ahead of Christmas. Driven by global crude trends and improved NNPC supply.
Serbia's Oil Refinery Shutdown Could Cost for Years
Experts warn Serbia faces years of economic fallout, job losses, and budget risks after the shutdown of its only oil refinery due to US sanctions on Russian owners. Read the full analysis.
NNPC, Depots Slash Petrol Prices After Dangote's Move
Nigerians get relief as petrol prices drop nationwide. NNPC and private depots cut rates after Dangote Refinery's pledge to supply 50 million litres daily, sparking intense market competition.
Witness: Sylva Gave Verbal Order for $13.45m NCDMB Payment
An EFCC witness reveals ex-Minister Timipre Sylva's verbal instruction led to a $13.45m payment in a $35m NCDMB fraud case. The Brass refinery project remains abandoned. Read the full details.
Cooking Gas Price Rises to N820/kg After Dangote Refinery Hike
Dangote Refinery increases cooking gas price to N820 per kg, triggering nationwide retail hikes just before Christmas. Analysts question the move amid favourable global oil trends. Read more.
Dangote Refinery Vows 1.5bn Litres Petrol Supply in December
Dangote Refinery commits to supplying Nigeria with 1.5 billion litres of petrol in December 2025, promising market saturation and price stability. Read the full details of their letter to regulators.
Dangote Slashes Petrol Price to N840/Litre for Christmas
Dangote Refinery reduces petrol ex-depot price to N840/litre, triggering competitive cuts among depot owners. The move follows NNPC's price adjustment and a global crude oil price crash to $60 per barrel. Read more on the festive season relief.
Stock Market May Reach N262 Trillion in 2026
Bismarck Rewane predicts Nigerian stock market capitalization could surge to N262 trillion next year, driven by major listings like Dangote Refinery and NNPC. Discover the growth trajectory.
Dangote Refinery to Supply 1.7bn Litres of Petrol Monthly
Dangote Refinery commits to supplying up to 1.7 billion litres of petrol monthly, boosting Nigeria's fuel security. Read the full details of this landmark development.
Dangote Refinery Saves Nigeria N10bn Yearly
Dangote Refinery is saving Nigeria over N10 billion annually in foreign exchange by replacing fuel imports with locally refined products. Discover how this impacts Nigeria's economy.
Nigeria's Petrol Consumption Hits 56.74M Litres Daily
New data reveals Nigeria consumed 56.74 million litres of petrol daily in October 2025, with Dangote Refinery producing 18.03 million litres. Discover the full energy consumption breakdown.
NNPC Petrol Price Drops to N905, Remains Above Rivals
NNPC reduces petrol pump price to N905 per litre, but major marketers like Ardova and MRS offer cheaper fuel. Analysts predict further cuts as competition intensifies.
New 30,000 bpd Modular Refinery Launches in Delta
The Federal Government has endorsed a new 30,000-barrel-per-day modular refinery in Koko, Delta State. This project by Ebenco Global is set to create jobs and reduce Nigeria's reliance on imported fuel.
Dangote Refinery Denies Exporting Off-Spec Diesel
Dangote Refinery refutes claims of exporting substandard diesel to Europe as market sources cite quality issues. Learn about the specifications debate and regional market shifts.
Dangote Refutes Off-Spec Diesel Claims Amid Quality Concerns
Dangote Refinery rejects claims of supplying substandard diesel to Europe while maintaining West Africa as primary market. Company plans Euro VI standards by 2028.
Hungary increases oil shipments to Serbia amid sanctions
Hungary pledges increased oil exports to Serbia as US sanctions threaten refinery shutdown. Learn how this energy crisis impacts Balkan stability and payment systems.
Dangote Refinery Expands to 1.4 Million Barrels Daily
Dangote Group partners with Honeywell International to double refinery capacity by 2028, making Nigeria global refining leader. Learn how this impacts Africa's energy independence.
30,000-BPD Modular Refinery Inspected in Delta
Minister Lokpobiri inspected Ebenco's 30,000-barrel modular refinery in Koko, Delta, boosting Nigeria's energy security and creating jobs. Read more about this landmark project.
Dangote Refinery Triggers Fuel Price Competition in Nigeria
Nigerian petrol market sees intense competition as Dangote Refinery and importers adjust ex-depot prices. Latest updates on fuel costs and market dynamics revealed.
Dangote Refinery Expansion Targets 1.4mbpd by 2028
Dangote Group partners with Honeywell International to expand refinery capacity to 1.4 million barrels daily by 2028, boosting Nigeria's energy security and economic growth.
NNPC Targets 2026 for Refinery Partners, Posts N5.4tn Profit
NNPC Limited announces June 2026 timeline to select technical partners for Port Harcourt, Warri and Kaduna refineries rehabilitation while revealing record N5.4 trillion profit for 2024.
Petrol Prices Fall Below NNPC Rate Amid Import Surge
Major Nigerian filling stations slash petrol prices below NNPC rates as imports surge. Discover how this impacts consumers and market competition.
Dangote Refinery to Fine Marketers Over Leaking Trucks
Dangote Petroleum Refinery warns marketers against leaking fuel tankers, threatening fines and suspension. Safety concerns rise amid Nigeria's tanker explosion crisis claiming hundreds of lives.
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