Dangote Refinery Ends $66 Million Legal Action Against NMDPRA Over Petrol Import Licenses.
Dangote Refinery has dropped its legal action against the Nigerian midstream and downstream petroleum regulator and several fuel importers, including state-owned NNPC Ltd, over fuel import.
Management of the refinery had sought to nullify fuel import licences issued to NNPC Ltd, AYM Shafa Ltd, A.A. Rano Ltd, T. Time Petroleum Ltd,...
Nigeria Intensifies FLNG As Report Shows Market To Triple By 2030.
Floating liquefied natural gas (FLNG) terminals are expanding on the global LNG market, with capacity expected to triple by 2030.
Investment in the FLNG which was once hindered by technical and operational challenges, today projects in that space are now achieving utilization rates comparable to onshore terminals, according to research from...
Dangote asks Tinubu to ban fuel imports to promote ‘Nigeria First Policy’
The President of Dangote Group, Aliko Dangote, has urged President Bola Tinubu to extend the ‘Nigeria First’ policy to refined petroleum products.
Speaking at the Global Commodity Insights Conference on West African Refined Fuel Markets, organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in conjunction with S&P Global Insights,...
NNPCL Hikes Petrol to ?925/L in Lagos, Abuja Still ?945
The Nigerian National Petroleum Company Limited (NNPCL) has once again adjusted petrol pump prices upward in Lagos, with stations now dispensing Premium Motor Spirit (PMS) at ?925 per litre, an increase of ?10 from ?915 reported just 24 hours earlier. However, NNPCL stations in Abuja have yet to reflect...
Neconde’s Ag. MD, Engr. Emenike Speaks On Consequences Of Nigeria’s Gas Debt, Dollarised Operations
Expert in Nigeria’s oil and gas industry has sounded alarm over the consequences of some policies of Government that has undermined the ongoing energy transition.
The policies according to Engr. Chichi Emenike, Acting Managing Director and Gas Asset Manager of Neconde Energy Limited, have led to huge financial burden...
Nigeria Partners S&P Global For West African Petroleum Price Index
LAGOS – Nigeria has partnered with S&P Global Commodity Insights to develop a regional pricing benchmark for refined petroleum products in West Africa, the country’s downstream regulator said on Tuesday. The initiative, launched at the West African Refined Fuel Conference in Nigeria’s capital Abuja, aims to create localised indices for...
Dangote Refinery Reverses Nigeria-US Crude Trade
As US Exported More To Nigeria For First Time
In a rare turn of events, the United States became a net exporter of crude oil to Nigeria in February and March, as crude demand on the U.S. East Coast slowed due to refinery maintenance.
On the other hand the Dangote refinery drove...
Russia’s Low Quality Petroleum Products Circulates Across Africa- Dangote
President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has revealed that Africa is increasingly becoming a destination for cheap, often toxic petroleum products.
Volume of these products are blended to substandard levels that would not be permitted in Europe or North America, he said.
He also cited the growing influx of discounted, low-quality...
OPEC Launches Finance Campaign As LPG Demand Set To Reach 1.4 Million Barrels Per Day
The Organization of Petroleum Exporting Countries (OPEC) is sustaining campaign to attract more financing for smooth shift to Liquefied Petroleum Gas (LPG) which is considered a cleaner cooking fuel.
The LPG demand is projected to increase by 1.4 million barrels per day (mb/d) between 2024 and 2050, reaching over 11.7 mb/d...
Collaboration key to unlocking marginal oil field potential in Nigeria
Nigeria’s oil and gas sector stands at a strategic inflection point and the country’s marginal fields are vital for growth and sustaining upstream activity. These smaller, often undercapitalised fields, especially in shallow waters, are rich with potential. But the obstacle isn’t the geology—it’s fragmentation.
Marginal fields in Nigeria are primarily operated...
Top 10 African Countries with the lowest Fuel price in May 2025
With global oil price instability and economic uncertainty, inexpensive gasoline remains a critical component of economic stability, social welfare, and sustainable development across the continent.
It's no secret that low fuel prices help firms reduce operational expenses, especially in areas such as manufacturing, logistics, and agriculture.
This decrease not only enhances profit...