21 h. ago Motorists frustrated as Dangote’s partners fail to drop petrol price

By Adewale Sanyaolu Hopes of a swift drop in the retail price of petrol were dashed yesterday as Dangote’s key fuel retail partners- MRS, AP, Heyden and three others, failed to implement a renewed deal of N890 per litre petrol price. Dangote Petroleum Refinery had on Wednesday announced a fresh pact with its key partners: […] The post Motorists frustrated as Dangote’s partners fail to drop petrol price appeared first on The Sun Nigeria.

Politics

26 h. ago Money supply hits record N114.2trn in March despite CBN’s tightening

Nigeria’s broad money supply (M3) surged to an all-time high of N114.2 trillion in March 2025, defying the Central Bank read more Money supply hits record N114.2trn in March despite CBN’s tightening

Politics

69 h. ago PMS imports plunge by 30m litres in 8 months, local production surges –NMDPRA

From Juliana Taiwo-Obalonye, Abuja The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that imports of premium motor spirit (PMS) in Nigeria have dropped sharply by about 30 million litres per day over the past eight months, falling from 44.6 million litres in August 2024 to 14.7 million litres by mid-April 2025, representing […] The post PMS imports plunge by 30m litres in 8 months, local production surges –NMDPRA appeared first on The Sun Nigeria.

Politics

3 d. ago Nigeria’s petrol imports plunge by 30 million litres as local supply surges

Nigeria’s Premium Motor Spirit (PMS), commonly known as petrol, imports fell by 30 million litres between January and August 2024, read more Nigeria’s petrol imports plunge by 30 million litres as local supply surges

Politics

3 d. ago PMS imports drop by 30 million litres in eight months — NMDPRA

Imports of Premium Motor Spirit (petrol) have plunged from 44.6 million litres a day in August 2024 to 14.7 ML by 13 April 2025—a fall of roughly 30 ML, or 67 per cent, according to the latest Nigerian Midstream and Downstream Petroleum Regulatory Authority supply tracker. The Authority’s Chief Executive Officer, Farouk Ahmed, disclosed this to State House correspondents on Tuesday during the sixth edition of the Meet-the-Press Read More

Politics

5 d. ago 3 suspects arrested in Ibadan over hijacking of petrol truck

By Oluseye Ojo Operatives of Oyo State Police Command have arrested three persons, suspected ro be members of a criminal syndicate that masterminded the hijacking and diversion of a DAF truck, loaded with 45,000 litres of Premium Motor Spirit (PMS). The suspects reportedly had hands in the hijacking of the tanker at a spot on […] The post 3 suspects arrested in Ibadan over hijacking of petrol truck appeared first on The Sun Nigeria.

Politics

8 d. ago JUST IN: Dangote refinery reduces petrol price to ₦865 per litre

By Chinelo Obogo Dangote Refinery has announced a reduction in the petrol price to ₦865 per litre, down from ₦15 from the previous rate of ₦880 per litre on Wednesday. The refinery said this through a notice issued on Thursday morning. Marketers had anticipated a price reduction by the refinery by the end of the […] The post JUST IN: Dangote refinery reduces petrol price to ₦865 per litre appeared first on The Sun Nigeria.

Politics

1 week ago Crude price crash: Petrol can drop below N400/litre — Refiners

Crude Oil Refinery Owners Association of Nigeria has said that the price of Premium Motor Spirit (petrol) can drop below N400 per litre with the current crash in crude oil prices. CORAN argued that there is no reason petrol should not be sold at NN350 per litre if crude prices eventually fall to $50 per Read More

Events

1 week ago Nigeria in one week: From NNPCL leadership changes to rising petrol prices

This past week in Nigeria has been marked by significant developments across various sectors, including major leadership changes, economic challenges, political confrontations, and social incidents. Here are the key events that shaped the nation from March 30 to April 4, 2025: 1. Tinubu sacks NNPCL boss Mele Kyari in major shake-up President Bola Tinubu removed Read More

Politics

4 w. ago Depots up price to N875/litre after Dangote halts local currency petrol sale

The Nigerian downstream sector has recorded yet another quick shift following Dangote Refinery’s latest decision to temporarily halt the supply read more Depots up price to N875/litre after Dangote halts local currency petrol sale

Economics

4 w. ago Customs intercepts N72.6m worth of smuggled petrol in Adamawa

Tribune Online Customs intercepts N72.6m worth of smuggled petrol in Adamawa The Nigeria Customs Service (NCS) has recently had another significant seizure of premium motor spirits (PMS) in Adamawa State. Customs intercepts N72.6m worth of smuggled petrol in Adamawa Tribune Online

Politics

4 w. ago Price Hike Likely As Dangote Resumes Sale Of Petrol In Dollars

The price of Premium Motor Spirit (PMS) , also called petrol, has been projected to rise as Dangote reviews its sales policy. Dangote Refinery said it would now sell refined petrol in dollars until the government resumes crude-for-naira-sale arrangement. Consequently, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to sell petrol in dollars […]

Economics

4 w. ago Price surge imminent as Dangote Refinery halts petrol sale in naira

• It’ll disrupt downstream supply mechanism -Marketers   By Adewale Sanyaolu and Adanna Nnamani, Abuja Petroleum products marketers have predicted a potential shake-up in the downstream sector as Dangote Refinery halts the sale of petrol in naira. The marketers, while expressing shock over the development, said there are genuine concerns over supply chain disruptions and […] The post Price surge imminent as Dangote Refinery halts petrol sale in naira appeared first on The Sun Nigeria.

Economics

last month IPMAN Threatens To Sell Petrol In Dollars Over Dangote Refinery’s Stance

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to sell petrol in US dollars if Dangote Refinery begins selling its products in foreign currency. The move was in response to concerns that using dollars for transactions could lead to increased pressure on the local currency, potentially causing inflation and affecting energy security. LEADERSHIP […]

Politics

last month Dangote refinery pauses Naira petrol sales over currency mismatch

From Adanna Nnamani, Abuja Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in Naira, citing the need to align its sales currency with crude oil purchase obligations, which are currently denominated in U.S. dollars. In a statement released on Wednesday, the refinery explained that its sales of petroleum products in Naira […] The post Dangote refinery pauses Naira petrol sales over currency mismatch appeared first on The Sun Nigeria.

Politics

last month ‘Keep your dollar close to your chest’: Nigerians react to Dangote Refinery stopping petrol sales in Naira

Tribune Online ‘Keep your dollar close to your chest’: Nigerians react to Dangote Refinery stopping petrol sales in Naira In a recent development, Dangote Refinery has announced a temporary halt in the sale of petroleum products in Naira, citing the need to align its sales proceeds with its crude oil purchase obligations, which are denominated in US dollars.  Tribune Online reports that In a statement, the refinery clarified that its Naira-based sales had exceeded […] ‘Keep your dollar close to your chest’: Nigerians react to Dangote Refinery stopping petrol sales in Naira Tribune Online

Politics

last month Tanker Loaded With 45,000 Litres Of Petrol Crashes Into Ditch In Oyo

A tanker loaded with approximately 45,000 litres of Premium Motor Spirit (PMS), commonly known as petrol, has overturned in Ogbomoso, Oyo State. According to the DAILY POST, the incident took place on Tuesday. It was gathered that the tanker overturned at the Odo-Oba area along the Ogbomoso–Oyo Road, ending up in a nearby ditch. READ […] The post Tanker Loaded With 45,000 Litres Of Petrol Crashes Into Ditch In Oyo appeared first on Information Nigeria.

Events