8 h. ago PETROAN backs crude oil projections in Nigeria’s 2026 budget

Seeks sustained budgetary support for local refining, modular refineries THE Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed optimism over the daily crude oil production projection of 1.84 million barrels per day (mbpd) and an official oil price benchmark of $64–65 per barrel in Nigeria’s N58.18 trillion budget for 2026. Expressing confidence […]

Politics

11 h. ago Nigeria should concentrate on local refining of petroleum products —IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that it is high time Nigeria concentrated on local refining to put an end to importation of petroleum products. IPMAN national president, Alhaji Abubakar Maigandi Shettima, stated this while commending President Bola Tinubu’s decision to effect change of leadership at the Nigerian Upstream Petroleum Regulatory […]

Politics

3 d. ago What Nigeria’s Dangote dispute reveals about institutions and transition

Nigeria’s long-standing dependence on imported refined petroleum products has imposed steep economic costs. Fuel imports have historically accounted for a read more What Nigeria’s Dangote dispute reveals about institutions and transition

Politics

2 w. ago Nigeria should not be importing fuel, we have capacity to meet local demand —Dangote

•Seeks legislative backing for Nigeria First Policy President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has criticised the crude supply practices of international oil companies, insisting that Nigeria has no justification for importing crude or refined petroleum products if existing laws are properly enforced. Speaking during a visit by the South South Development Commission (SSDC) to […]

Politics

3 w. ago Dangote refinery to supply 1.5 billion litres of petrol monthly

•Writes NMDPRA, engages marketers to stabilise fuel market •Invites NMDPRA to refinery for daily monitoring of production output DANGOTE Petroleum Refinery has announced plans to supply one billion five hundred million litres of Premium Motor Spirit (PMS) monthly to the Nigerian market in December 2025 and January 2026, a move aimed at ensuring uninterrupted nationwide […]

Politics

3 w. ago Petrol imports from Malta drop by 60% after Dangote refinery

Nigeria’s imports of refined petroleum products from Malta have plunged by 60 percent in 2024, signalling a shift in the read more Petrol imports from Malta drop by 60% after Dangote refinery

Politics