NEWS
Local Refiner Resort to Libya for Crude Oil Supplies
Local refineries in Nigeria are resorting to Libya for crude oil supplies, as the domestic supplies keep falling short of feedstock demand.
Led by the Dangote Petroleum Refinery and Petrochemicals (DPRP), local refineries have so far imported over two million barrels of crude oil from the North African country.
The import comes amid the high export of crude locally produced in Nigeria to other countries, leaving local refineries with no option but to seek feedstock elsewhere.
According to Libya Review, a local media outlet in the North African country, Libya’s crude oil exports reached a new milestone after Nigeria imported Libyan oil for the first time on record.
It noted that the development highlighted the growing role of Libyan supplies in regional energy markets amid ongoing disruptions to global trade flows.
According to data published by the Energy Research Unit, Nigeria imported around 64,500 barrels per day of Libyan crude in May 2026, equivalent to approximately two million barrels for the month. “The shipment marks the first recorded Nigerian import of Libyan crude in available historical data dating back to 2013,” the report said.
Recall that there were reports in 2024 that the DPRP was in talks with Libya for the purchase of crude oil. However, the Libyan oil corporation denied negotiating or entering into talks regarding the crude oil supply to any Nigerian refinery.
The statement, written in Arabic in 2024, translates, “The National Oil Corporation denies that it has negotiated or entered into any talks regarding the supply of crude oil to an oil refinery in Nigeria.”
The National Oil Corporation also confirmed then that it was committed to its contracts with its international partners and committed to the legal mechanism for selling Libyan oil raw materials and that it did not work with an immediate sales mechanism.
“In addition, the process of determining raw material prices is carried out through a committee of experts and is approved by the corporation and the Ministry of Oil and Gas,” Libya said in July 2024.
But it appears the agreement has finally been concluded with the supply of 2 million barrels to the DPRP in just one month. By ramping up capacity to 700,000 barrels per day and eyeing 1.4 million barrels per day in 2028, the refinery is increasingly in need of feedstock from multiple sources.
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In 2026, the refinery already imported cargoes of Angola’s Cabinda and Saxi Batuque crudes, Ghana’s Jubilee crude and, for the first time, Libyan and Guyanese supplies, all of the light sweet or medium sweet variety, according to S&P Global Energy data.
In Nigeria, local refiners have consistently complained of insufficient crude supply due to higher exports. Nigeria exported an estimated 148.9 million barrels of crude oil valued at about N20.22tn in the first five months of 2026, showcasing the scale of the country’s oil export despite persistent concerns over the domestic crude supply obligation.
The crude barrels were exported by both international and indigenous oil companies, including the Nigerian National Petroleum Company Limited.
The figures obtained from the Central Bank of Nigeria (CBN) indicate that the total volume of crude oil produced by the country during the five-month review period in 2026 was 216.85 million barrels, out of which about 149 million barrels were exported.
Overall, Nigeria exported about 68.7 percent of the crude oil it produced during the five months, leaving roughly 67.95 million barrels available for domestic refining, storage, operational use, and inventory adjustments.
The import of crude from Libya is coming as international oil markets continue to adjust to supply disruptions linked to the US-Iran conflict and the resulting challenges affecting energy shipments through the Gulf region. These conditions, it was learnt, have allowed Libyan crude to expand its presence in both African and European markets.
Libya is also strengthening energy ties with neighbouring countries while also competing with Nigeria for major oil investors.
It was gathered that Egypt imported approximately 33,000 barrels per day of Libyan crude in April 2026, following imports of 57,000 barrels per day in February. The purchases marked Egypt’s first imports of Libyan crude since 2019 and form part of efforts to secure alternative supplies following agreements to import more than one million barrels per month from Libya.
Tunisia also increased purchases of Libyan crude during 2026, importing around 19,000 barrels per day in March and 10,000 barrels per day in May, despite only occasionally buying Libyan oil in previous years.
Italy remained Libya’s largest customer, importing 348,000 barrels per day in May, accounting for roughly one-third of total Libyan crude exports. Greece, Spain and Turkey followed among the leading buyers of Libyan oil.
NEWS
IPMAN Kicks as Importers Hike Prices
Critical stakeholders are lamenting that fuel importers, licensed by the Nigerian government, are selling imported premium motor spirit (PMS) also known as petrol around N200 per litre, above what local refiner, the Dangote Petroleum Refinery and Petrochemicals (DPRP) is selling.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) noted that the importers including Matrix, AA Rano, Hayden among others have started pricing imported petrol significantly above the rates offered by the DPRP, raising concerns over the effectiveness of the government’s import licensing policy.
IPMAN’s National Publicity Secretary, Chinedu Ukadike, said independent marketers had expected the import licences to serve as a check on domestic fuel pricing but are now shocked to find out that the policy had failed to deliver the desired outcome.
“The independent marketers of Nigeria have looked at the price volatility, the issue of the import license, the issue of sales of petroleum products and dollar, and holistically I will want to use the opportunity to urge the federal government to look into this thing transparently through NMDPRA, who is the authority of the industry,” he said.
According to him, the recent import licences issued to marketers have not helped reduce fuel prices as anticipated.
“The recent import licenses, which are termed to be used as a guiding principle or a check to domestic petroleum products being refined here in Nigeria, is not yielding the results as was expected by the independent marketers,” he stated.
Ukadike expressed surprise that some importers were reportedly selling imported petrol at about N1,350 per litre, despite lower prices from the DPRP.
“We were shocked, even as I am talking to you now, that the licenses that have been given to AA Rano, Matrix and all the rest of them to be able to import petroleum products are trying to peg the price of petroleum products at N1,350, which is far, far distant from what Dangote has been selling to us,” he said.
He further questioned the quality and pricing of imported products, insisting that the policy was undermining the purpose for which the licences were granted.
“The essence of NNPC or NMDPRA or the federal government opening up this import license is also to checkmate the domestic price of petroleum products, whereas where we find out that these products are being brought into this country, one, their qualities are questionable, two, their prices are higher,” Ukadike added.
The IPMAN spokesman also warned that continued fuel importation at higher prices was increasing pressure on Nigeria’s foreign exchange market, with the naira approaching N1,400 to the US dollar.
He argued that imported petroleum products priced using the international PLATTS benchmark were about 20 percent more expensive than products supplied by the DPRP, making imports less competitive.
Ukadike urged the Federal Government to sustain the sale of crude oil to the Dangote refinery in naira, saying the arrangement would help stabilise domestic fuel prices, reduce demand for foreign exchange and ease pressure on the local currency.
He also cautioned against what he described as the indiscriminate issuance of import licences, warning that such a policy could ultimately lead to higher pump prices for consumers instead of promoting competition.
NEWS
Sahara Opens Kaduna, Jigawa Recycling Hubs
The Sahara Group Foundation (SGF) has expanded its waste management network and recycling infrastructure in Northern Nigeria with the commissioning of two Sahara Go Recycling hubs in Jigawa and Kaduna States.
This was detailed in a statement from the Foundation on Sunday, which had it that the hubs, located at Gidan Hakimi in Shuwarin Local Government Area of Jigawa State and Asharami Retail Station, Badiko, Kaduna South Local Government Area of Kaduna State, are the Foundation’s 21st and 22nd recycling hubs nationwide and its second and third in Northern Nigeria.
According to a statement, the Jigawa hub was delivered with the support of the King’s Council, Shuwarin, while the Kaduna hub was established in collaboration with Asharami Synergy.
The Foundation said the initiative is designed to convert waste into income-generating opportunities for households. The Director of Sahara Group Foundation, Chidilim Menakaya, said the hubs demonstrate the organisation’s approach to expanding practical sustainability initiatives through partnerships.
“By partnering with institutions and sister companies that understand local needs and realities, we are building a recycling ecosystem that communities can own, sustain, and benefit from over the long term,” she said.
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The commissioning ceremonies were attended by members of the King’s Council, the Jigawa State Commissioner for Environment, Dr Nura Doka, the Chairman of Shuwarin Local Government Area, Abdulhamid Balago, the vice chairman, community leaders and residents in Jigawa, as well as Asharami Synergy’s leadership and the Filling Station Manager in Kaduna.
Speaking at the Jigawa event, Alhaji Bashir Abdullahi, Sarkin Gabas and Hakimin Shuwarin, said the facility addresses a longstanding waste management challenge in the community.
“For years, our people have had no organised way to deal with waste beyond burning or dumping it by the roadside,” he said. “This hub gives our young people and our women a way to earn from something that used to just pollute our surroundings.”
At the Kaduna event, the Filling Station Manager of Asharami Retail Station, Badiko, Aliyu Abdullahi Mabai, said the recycling hub complements the station’s operations.
“We are glad to host this recycling hub on our premises,” he said. “It gives our customers and neighbours a simple way to recycle, and fits with what Asharami Synergy stands for as a responsible business.”
The Foundation also disclosed plans to commission another recycling hub in Kano State in the coming weeks following a recent engagement with the Emir of Kano, Muhammadu Sanusi II, who expressed interest in the initiative.
According to the Foundation, Sahara Go Recycling has supported the recycling of more than 1,000 tonnes of materials since its launch and has directly or indirectly impacted more than 2,000 livelihoods nationwide.
International News
Andy Burnham Sworn In as UK Prime Minister After King Charles Meeting Writing
Andy Burnham has officially been sworn in as the Prime Minister of the United Kingdom after meeting King Charles III at Buckingham Palace, marking the beginning of a new chapter in British politics.
Burnham assumed office on Monday after outgoing Prime Minister Keir Starmer formally resigned during an audience with the King. Following Starmer’s departure, King Charles III invited Burnham to form a new government, which he accepted.
SEE MORE: UK PM Keir Starmer Resigns
The 56-year-old becomes Britain’s sixth prime minister in the past 10 years, taking office amid mounting economic pressures, political uncertainty and a lingering cost-of-living crisis.
In his farewell speech outside 10 Downing Street, Starmer reflected on his two years in office, insisting his government had left Britain in a stronger position.
“I am confident that Britain is now stronger and fairer than it was two years ago,” Starmer said.
“I go with good grace, I go with a smile, and I go proud of everything that we have achieved,” he added.
Burnham is expected to use his first address as prime minister to outline his vision for restoring public confidence in government while prioritising economic growth, easing the cost-of-living crisis and devolving more powers to regional communities.
Speaking in an interview with The Times before taking office, Burnham signalled a break from recent policies.
“What we’ve been doing hasn’t been working. That’s the way I see it,” he said.
“I am going to try and do things in a different way.”
The new prime minister inherits a series of pressing challenges, including slow economic growth, rising government borrowing costs, a growing welfare bill and continued irregular migration across the English Channel.
He has also pledged a different approach to public spending, promising greater investment in prevention and long-term economic development.
“A different approach to public spending and to running the economy — more focused on early investment, early intervention, setting people up for success and much less paying for failure,” Burnham said.
As one of his first policy decisions, Burnham scrapped the nationwide digital ID scheme introduced under Starmer’s administration, saying the estimated £1.8 billion earmarked for the project would instead be redirected toward helping families cope with the rising cost of living.
A former Greater Manchester mayor, Burnham previously served as a Member of Parliament from 2001 to 2017 and held ministerial roles under former prime ministers Tony Blair and Gordon Brown.
He returned to Parliament only weeks ago before emerging as Labour’s new leader following Starmer’s resignation.
Burnham now has less than three years to deliver on his promises before the next general election, expected in 2029, as Labour seeks to fend off growing support for Nigel Farage’s Reform UK party.
Addressing supporters after securing the Labour leadership, Burnham described the moment as Labour’s “last chance” to regain the confidence of British voters, insisting that his government has a clear plan to steer the country in a new direction.





