Ebenco Refinery Gets NMDPRA Approval, Adds 30,000bpd
Ebenco Global Link Limited secures NMDPRA approval to introduce hydrocarbons into its 30,000bpd modular refinery in Koko, Delta State, after a safety audit.
Category : Oil Gas
Petrol Landing Cost N1,328, Dangote Revises PMS Prices
Imported petrol landed at N1,328 per litre, close to Dangote’s N1,325 gantry price. MEMAN opposes the proposed N1,350 ceiling, warning of market distortion.
CSOs Back Ojulari's NNPCL Reforms, Cite N7.2trn Profit
CSOs led by Parliamentary Support Network commend NNPCL's Ojulari for N7.2trn profit, 1.77mbpd production, and N66 fuel discount, urging sustained reforms.
Naira Gains 98 Kobo Against Dollar as CBN Releases New FX Rates
Naira appreciated to N1,331.61/$1 at official market on Oct 15, 2026, gaining 98 kobo. It also rose against pound and euro, while FX turnover fell sharply.
Obasanjo Backs $1bn Azikel Refinery, Urges 12-Month Completion
Former President Obasanjo commended Azikel Group's $1bn refinery in Bayelsa, urging completion within 12 months. The plant will produce 2.5m litres of petrol and 2m litres of diesel daily.
Dangote raises petrol price to N1,348, others cut rates
Dangote Refinery increased Lagos depot petrol price by N6 to N1,348 per litre on Oct 15, 2026, while Matrix cut prices in Port Harcourt and Calabar, showing mixed market movements.
Motor Insurance Renewal: Key Tips for Nigerian Drivers
Renew motor insurance before expiry to stay covered. Leadway offers third-party from N15,000, AutoBase, and comprehensive plans. Review your policy now.
Soroman First in Dangote Consortium with PMS Cargo to Calabar
Soroman Nigeria Limited becomes the first company to load PMS under the Dangote Refinery consortium, shipping 20,000 MT aboard African Marvel to Calabar.
Oil and Gas Graduate Trainee Salaries in Nigeria Revealed
Oil and gas companies in Nigeria pay graduate trainees between ₦250,000 and over ₦800,000 monthly, per Profolio's 2026 salary guide. Shell leads at ₦500,000–₦800,000+, but figures are estimates, not official.
Naira Falls to N1,332.97/$ as FX Turnover Surges 157.1%
The naira weakened by 88 kobo against the US dollar at NAFEM, closing at N1,332.97/$1, while FX turnover surged 157.1% to $93.16 million, CBN data shows.
Petrol Landing Cost Rises to N1,348.19 Per Litre
Nigeria's petrol landing cost rose to N1,348.19 per litre at Apapa's ASPM jetty, exceeding the 30-day average of N1,329.82, according to MEMAN data.
NERC Approves 10 Institutions for 54.94MW Captive Power
NERC approved captive power permits for 10 institutions in H1 2026, totaling 54.94MW, including six universities, as high Band A tariffs push alternatives.
FG Targets Steady Power, Clears Legacy Debts to Gencos - Tegbe
The Minister of Power, Joseph Tegbe, says Nigeria has paid N1.23 trillion of legacy debts to Gencos via bonds, with the balance to be cleared next year, ensuring steady electricity for all Nigerians.
Energy Watchdog Backs Dangote Refinery’s Appeal Bid
Energy Watchdog supports Dangote Refinery’s appeal against a court ruling that keeps fuel import licences active, warning it could undermine local refining and Nigeria’s energy security.
NNPCL Cuts Petrol Price to N1,370 in Abuja, Lagos Gets N1,360
NNPCL reduced petrol prices by N35 per litre in Abuja to N1,370, while Lagos stations sell at N1,360, following a weekend hike and amid government discount plans.
NNPC Petrol Price N1,405 Higher Than BOVAS, MRS
NNPC sells petrol at N1,405 per litre, above BOVAS, MRS, Azman, Hariz, TotalEnergies. App discount lowers cost to N1,339 for users.
CORAN Backs FG Crude Sales, Demands Petrol Price Ceiling Clarity
CORAN supports FG's crude forward sales to local refineries but demands clarity on who bears costs above the proposed N1,350-per-litre petrol price ceiling, citing loss risks.
Petrol Prices Rise Up to N39 Per Litre in Nigeria
Petrol marketers raised pump prices by up to N39 per litre, with MRS at N1,409, ending a decline. NNPC extends N66 digital discount to October 31, 2026.
Dangote Lists Lowest Cooking Gas Price at N980/kg as Depot Rates Emerge
Dangote Refinery lists cooking gas at N980/kg, the lowest among selected depots, while others charge up to N1,170/kg; retail prices remain higher due to distribution costs.
Dangote Refinery Raises Diesel Price by N100 to N1,800
Dangote Petroleum Refinery increased its diesel gantry price by N100 per litre to N1,800, effective October 10, 2026, a 5.88% rise, with depot prices varying up to N2,000.
CBN New Dollar Rate: Naira Stable, Reserves Up
Naira holds steady at ₦1,329.34 official and ₦1,385 parallel in early October. The 4.2% gap costs buyers ₦55,660 extra per $1,000. Stability aids planning but not cheaper goods.
NBET Starts N729bn Legacy Debt Payment to GenCos
NBET has begun settling N728.979 billion legacy debts to GenCos and gas suppliers via Series 2 bonds, part of the N4 trillion debt reduction programme, boosting hopes for improved power supply.
Petrol Depot Prices Hit ₦1,370 as FG Unveils 30-Day NNPC Relief
Petrol depot prices rose to ₦1,370 per litre in Calabar, with diesel at ₦2,000 in Warri, as FG's NNPC relief targets retail margins.
Petrol Prices Range N1,378-N1,430 in Anambra, Kebbi States
Petrol prices in Anambra range from N1,378 to N1,400 per litre, while Kebbi State sees N1,430 at independent stations, with NNPC outlets at N1,400.
NNPC Petrol Discount: 5 Ways Nigerians Can Buy Cheaper Fuel
Learn 5 ways to buy cheaper fuel at NNPC stations during the 30-day N66-per-litre discount in October 2026. Download the NNPC Fuel App and pay via the app to save.
Nigerians Rush to Buy Petrol as NNPC Announces New Prices
Motorists in Abeokuta welcome NNPC's petrol price cut to N1,355 per litre, with an extra N66 app discount, as prices vary across states.
Petrol price nears N2,000 as depot costs surge despite NNPC discount
Petrol depot prices surged to N1,900 per litre in Port Harcourt on Friday, October 9, despite NNPC selling at N1,360 in Lagos. Diesel also climbed to N1,900 in Warri, raising business cost concerns.
NNPC Extends N66 Petrol Discount to October 31, 2026
NNPC Limited extends its N66-per-litre petrol discount at retail stations nationwide until October 31, 2026, clarifying it is not a subsidy return.
NNPC Extends N66 Petrol Discount, Adds Diesel to Oct 14
NNPC extends N66-per-litre petrol discount to Oct 14, 2026, and includes diesel for registered Fuel App users, with prices ranging from N1,355 in Lagos to N1,435 in Yobe.
Petrol, Diesel Prices Rise as Brent Crude Crosses $105
Nigerian depots raised petrol prices by up to N25 per litre and diesel by N195 as Brent crude hit $105.02, driven by supply fears.
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