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...
In a move signalling a shift from its traditional reliance on Nigerian, African, and United States crude grades, the Dangote Petroleum Refinery and Petrochemicals (DPRP) has...
There are mounting concerns over possible consumer exploitation in Nigeria’s downstream petroleum sector with fuel prices failing to be in line with the sharp drop in...
The Management of the Dangote Petroleum Refinery and Petrochemicals (DPRP) has noted with concern the circulation of unfounded and misleading claims suggesting that its petroleum products...
Reports that Iran has shut the strategic Strait of Hormuz, a strategic international shipping route again has sparked fresh concerns over global oil prices. This latest...
Nigeria imported crude oil worth $1.39bn in the first quarter of 2026, highlighting a major shift in the country’s petroleum trade dynamics as the Dangote Petroleum...
A call has gone to the stakeholders in Nigeria’s oil and gas sector to reduce their ex-depot and retail pump prices in line with the current...
The peace deal between the United States and Iran over the Strait of Hormuz might cost Nigeria dearly in oil revenues. Nigeria’s oil earnings recorded an...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has expressed confidence that Nigeria can increase crude oil production to 1.9 million barrels per day (bpd), following recent...
Despite a rise in global oil prices, widely traceable to the Middle East crisis, data from the National Bureau of Statistics (NBS) has shown that Nigeria’s...
