Dangote Refinery Price Cut Halts Petrol Imports
Dangote Refinery's latest ₦49 petrol price reduction forces marketers to suspend imports. Learn how this reshapes Nigeria's fuel market and potential impacts on supply.
Category : Search result: Nigerian petroleum market
Northern Leaders Applaud Tinubu's Oil and Gas Reforms
Stakeholders at North West civic conference commend President Tinubu for Petroleum Industry Act implementation, citing transparency and investment growth. Read more.
Nigeria's Oil Production to Jump 1M Barrels with EMEM FPSO
Nigeria's oil industry receives major momentum as the EMEM FPSO initiative promises to revolutionize production capacity, adding one million barrels per day to national output and strengthening economic growth.
Nigeria's Oil Reserves Risk Becoming Stranded Assets
Energy specialists warn Nigeria faces economic disaster as lack of local expertise and unstable policies threaten to leave billions in oil reserves untapped and worthless.
Nigerian Stock Market Plunges Amid Economic Worries
Nigeria's financial markets experience significant downturn as rising interest rates, inflation fears, and job market instability spook investors. Key indices drop amid growing economic uncertainty.
Akpabio defends minister against Trump questions
Godswill Akpabio intervenes as Minister of State for Petroleum faces scrutiny over Donald Trump comments during Senate screening, calling the line of questioning unnecessary.
Petrol Price Drops at Nigerian Filling Stations
Nigerians celebrate as Dangote Refinery's market impact forces petrol prices down across filling stations. Get the latest on fuel cost reductions and economic implications.
Presco Plc Launches ₦237B Rights Issue for Expansion
Nigerian agribusiness giant Presco Plc announces massive ₦237 billion rights issue to drive expansion, strengthen market leadership, and enhance production capacity across West Africa.
Dangote Refinery Withdraws Lawsuit Against NMDPRA
In a dramatic turnaround, Dangote Refinery has withdrawn its lawsuit challenging the NMDPRA's issuance of import licenses to competitors. Discover how this decision could reshape Nigeria's energy landscape and fuel pricing.
Presco Plc Launches ₦250BN Rights Issue for Expansion
Nigerian agribusiness giant Presco Plc unveils ambitious ₦250 billion rights issue strategy to accelerate expansion, strengthen market leadership, and enhance production capacity across West Africa.
SEC Chief Urges Registrars to Embrace Innovation
SEC Director-General Timi Owoturo challenges registrars to drive efficiency and technological advancement in Nigeria's capital market operations.
FG to Sell Nigeria's Dormant Refineries After Years of Losses
The Federal Government announces historic decision to sell Nigeria's dormant refineries, marking a major shift in the nation's energy sector after decades of operational failures and financial losses.
Naira Falls Again: Loses Ground Against US Dollar
The Nigerian naira has reversed its recent gains, depreciating significantly against the US dollar across both official and parallel markets. This latest development raises concerns about currency stability and economic recovery efforts.
Nigeria Stock Crisis: ₦1.3Trn Lost in Day
Nigeria's stock market plunges deeper into turmoil as investors witness massive wealth erosion, raising concerns about market stability and economic recovery prospects.
Court dismisses Dangote's ₦100bn suit against NNPC
Federal High Court dismisses Aliko Dangote's massive lawsuit against NNPC Limited and regulatory authorities in major oil industry legal battle over import permit denial.
Trump Effect Worsens Nigerian Stock Market Losses
Nigerian equities continue downward trend as Trump's political resurgence creates global market jitters. NGX sheds N1.36 trillion in two-day losing streak.
FG Plans Refinery Sale to Boost Competition
The Federal Government is considering selling the country's struggling refineries to private investors as part of a comprehensive strategy to revitalize Nigeria's oil and gas sector, increase competition, and achieve energy self-sufficiency.
Naira Rebounds Against Dollar Amid Trump Election Concerns
Nigeria's currency makes impressive recovery in parallel market while official rate weakens. Expert analysis reveals how Trump's political comeback threats are impacting forex trading patterns.
Naira Crashes, Stocks Drop After Trump Victory
Donald Trump's presidential win triggers financial turmoil in Nigeria as Naira crashes to record lows and stock market experiences significant drops. Expert analysis reveals what this means for Nigeria's economy.
BP Profit Surges to $2.7B as Oil Prices Soar
British energy giant BP announces staggering $2.7 billion quarterly profit amid soaring oil prices, marking a dramatic turnaround from previous losses and signaling strong market recovery.
Nigeria Stock Market Gains ₦7.2 Trillion in October
Nigeria's stock market experienced an unprecedented rally in October, delivering massive gains to investors as renewed confidence and steady reforms fuel economic optimism.
Fuel Price Surge: ₦200 Extra Per Litre in Nigeria
Nigerians are facing another petrol price hike as filling stations across the country implement additional charges of ₦200 per litre, worsening the ongoing fuel crisis and economic hardship.
Fuel importers warn Tinubu over 15% tariff crisis
Nigerian fuel marketers demand President Tinubu address 15% NAC tax or face nationwide fuel price increases. Coalition warns of economic consequences.
Dangote Refinery Hits 70M Litres, NNPC Cuts Petrol Prices
Nigeria's energy sector experiences major transformation as Dangote Refinery achieves massive production capacity while NNPC implements nationwide fuel price reductions, bringing relief to millions of Nigerians.
Imported Petrol Cheaper Than Dangote Refinery in Nigeria
Nigerian fuel market experiences dramatic shift as imported petroleum products undercut Dangote Refinery prices following President Tinubu's tariff reforms. Discover how this price war is reshaping Nigeria's energy landscape.
NAPS Supports Dangote Refinery: Energy Revolution
The National Association of Polytechnic Students declares full support for Dangote Petroleum Refinery, urging Nigerians to embrace this monumental achievement in energy independence.
CSOs Praise FG's 15% Fuel Import Levy
Nigerian civil society organizations are applauding the Federal Government's strategic 15% tariff on imported refined petroleum products, hailing it as a game-changer for local refining capacity and economic growth.
Dollar Crashes vs Naira - Trump Warns Nigerian Government
The US dollar experiences dramatic crash against Nigerian naira with official and black market rates converging. Former US President Donald Trump warns Nigerian government about economic policies. Latest exchange rate updates and market analysis.
Tinubu gets voter backing on fuel import duty
Key voter advocacy groups throw weight behind President Tinubu amid 15% fuel import duty debate, signaling crucial political backing for economic reforms.
Fuel Price Shock: Petrol Hits N889/Litre in Nigeria
Nigerians face mounting anxiety as depot owners implement sharp petrol price increases, with costs reaching N889 per litre amid distribution challenges and economic uncertainty.
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