Energy Marketers Dump Dangote Refinery as Cheap Imported Petrol Floods
Nigeria's petrol imports surged in May, reversing net export gains as Dangote Refinery maintenance disrupted local production, prompting marketers to turn to cheap foreign fuel.
Category : Oil Gas
Cooking Gas Prices Surge in Abuja, Lagos, Residents Shift to Charcoal
Cooking gas prices hit N2,000 per kg in Abuja and Lagos, forcing households and small businesses to switch to charcoal and firewood amid affordability crisis.
Jonathan, Lumumba Task Nigeria on Nuclear Energy Development
Former President Goodluck Jonathan and Prof. Patrick Lumumba call on Nigeria and African nations to develop nuclear weapons and energy for global respect at NBA Law Week 2026 in Yenagoa.
Petrol Landing Cost Crashes Over N100, Below Dangote Price
Imported petrol landing cost in Nigeria falls to N1,117 per litre, undercutting Dangote Refinery's N1,250 price, as global crude oil prices decline.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Nigeria Targets More Oil Investment in Q3 2026 Licensing Round
Nigeria's upstream regulator NUPRC announces the 2026 oil licensing round to start by Q3 2026, aiming to attract more investment and boost production.
Dangote Refinery Second Unit to Add 700,000 bpd
Dangote Petroleum Refinery begins construction of a second crude processing unit, boosting capacity by 700,000 bpd, aiming to make Nigeria a major fuel exporter.
Dangote Refinery CEO: Jet Fuel Surplus for Global Markets
Dangote Refinery CEO David Bird announces a jet fuel surplus, positioning the 650,000 bpd refinery for global exports amid market volatility and rising aviation fuel costs in Nigeria.
Dangote Refinery Hits 700,000 bpd Processing Capacity
Dangote Refinery raises crude processing to 700,000 bpd, surpassing nameplate capacity. Plans to reach 1.4 million bpd in 30 months, boosting Nigeria's energy security.
Dangote Refinery hits 700,000bpd output, targets 1.4mbpd
Dangote Refinery increases capacity to 700,000bpd, surpassing nameplate, as it aims to double to 1.4mbpd within 30 months, boosting Nigeria's energy self-sufficiency.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Filling Stations Hold Petrol Prices Despite Dangote N25 Cut
Despite Dangote Refinery cutting petrol price by N25 per litre, most filling stations in Nigeria have not reduced pump prices due to distribution costs and high inventories.
)
Petrol Drops Below ₦1,300 After Dangote Refinery Price Cut
Petrol prices in Nigeria fall below ₦1,300 per litre as Dangote Refinery reduces ex-depot price to ₦1,250. Volatility persists, impacting transport and living costs.
Dangote Refinery Refines Sovereignty for Nigeria
The Dangote Refinery in Lekki, Lagos, is more than an industrial project; it redefines Nigeria's sovereignty by transforming crude oil into domestic products, reducing import dependence, and enhancing energy security.
Dangote Refinery Cuts Petrol Price Again Amid Depot War
Dangote Refinery reduces petrol price to N1,252 per litre as depot operators intensify competition. Experts predict further cuts amid falling crude oil prices.
Local Firms Dominate Africa's Top Independent Oil Producers
Nigerian independent oil producers account for 75% of Africa's top 10 independent oil companies, per Wood Mackenzie report, boosting Nigeria's upstream sector.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Tein Jack-Rich: Net Worth, Companies, and Wife of Billionaire
Tein Jack-Rich, Nigerian oil magnate, entrepreneur, and philanthropist, has a net worth over $1 billion. Learn about his companies, wife Elizabeth, and political journey.
Dangote Refinery May Cut Fuel Prices Again as Depots Undercut Rates
Dangote Petroleum Refinery may reduce petrol and diesel prices again as Lagos depots offer lower rates, intensifying competition in Nigeria's downstream petroleum market.
Petrol Up 600% in 3 Years Under Tinubu
Petrol price in Nigeria surged over 600% from N175 to N1,300-N1,400 per litre since May 2023, driven by fuel subsidy removal, forex reforms, and global oil shocks.
Dangote Refinery to Process 130 Crude Types, Challenge Global Giants
Dangote Refinery plans to expand crude processing from 40 to 130 grades, double capacity to 1.4 million bpd, and cut costs below $2 per barrel.
Cameroon Refinery to Begin Fuel Output in December 2026
Cameroon's new Mboro refinery will begin fuel production in December 2026, meeting 22% of domestic demand and reducing reliance on imports.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Nigeria 2026: Highest, Lowest Cooking Gas Prices by State
NBS report shows Lagos, Katsina top cooking gas prices in April 2026, while Anambra, Ogun record lowest. Prices surged 13.73% month-on-month.
Oye Slams FG Energy Reforms as NNPCL Debt Hits N30tr
Dele Oye and NECA criticize Nigeria's energy reforms, citing N30.3 trillion NNPCL debt, high fuel costs, and unreliable power despite government claims of progress.
NNPC crude oil sales surge 37% to 23.65m barrels in April
NNPC reports 37% rise in crude oil sales to 23.65m barrels in April 2026, driven by higher production and improved facility uptime, while gas sales dip slightly.
Dangote Refinery Cuts Petrol and Diesel Prices
Dangote Refinery reduces petrol price by N25 per litre and diesel by N100 per litre, offering relief to consumers amid fluctuating fuel costs.
FG Boosts CNG Capacity with New Gas Facilities Commissioned
President Tinubu commissions new CNG infrastructure in Abuja, Lagos, and Owerri to boost gas adoption for transportation, targeting one million vehicles.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Unions Reject AfDB, World Bank Mission 300 Plan
Labour unions in Nigeria and Africa reject the AfDB-World Bank Mission 300 electricity initiative, warning it may increase debt without delivering sustainable power.
Dangote Refinery Can Save Nigeria N15 Trillion Yearly
Dele Oye says Dangote Refinery can save Nigeria N15 trillion yearly in fuel import costs and generate $11 billion forex through local refining and exports.
Dangote Refinery IPO to Transform Nigerian Capital Market
Dangote Refinery's proposed IPO, valued at up to $50 billion, could raise $5 billion and reshape capital formation in Nigeria, offering naira shares with dollar-linked dividends.
Petrol, Diesel Prices to Stay High as Crude Oil Above $100
The IEA warns that rising global crude oil prices above $100 per barrel will sustain high fuel costs, worsening Nigeria's energy crisis with petrol over N1200 per litre.
Nigeria Cancels $717.7m World Bank Power Loan
Nigeria cancels $717.7m undisbursed World Bank loan for power sector reform, citing unmet conditions and economic shifts like naira devaluation.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Private Depots Cut Petrol Price Below Dangote Refinery
Private depots in Nigeria reduce petrol prices below Dangote Refinery's gantry rate as global crude oil prices fall, offering cheaper options for buyers.
Page 6 of 24
