3 h. ago Customs’ crackdown on smugglers in Adamawa, Taraba nets N195.7m

The Customs Comptroller Adamawa and Taraba states Command, Garba Bashir, has declared war against smuggling activities in the command. To this end, the Bashir-led administration in the command has generated N195, 719,930 million as duty paid value on seized petroleum products within four months. Addressing journalists recently in Yola, Comptroller Bashir noted that the illegal Read More

Politics

4 h. ago Crude crash: FG’s 2025 budget jerks again, marketers anticipate price cut

The global crash in crude oil prices has put Nigeria’s 2025 budget under more threat, even as fuel marketers await a possible reduction in the prices of petroleum products. According to experts who spoke with our correspondent, the crude oil crash occasioned by the tariffs imposed on countries by United States President, Donald Trump, has Read More

Events

30 h. ago PETROAN tasks NNPC on activation of Petroleum Products Passport for security

The Petroleum Products Retail Outlets Owners Association of Nigeria has urged the new Nigerian National Petroleum Company Limited management to activate the “Petroleum Products Passport” to secure petroleum products. National President of PETROAN, Dr Billy Gillis-Harry, made the call on Sunday in an interview with the News Agency of Nigeria, Abuja, while reacting to the Read More

Politics

55 h. ago Navy seizes vessels with illegal arms, crude oil in Niger Delta

By Philip Nwosu The Nigerian Navy has cracked down on crude oil theft and illegal refining in the Niger Delta, seizing stolen crude, intercepting arms, and dismantling refinery sites in March under Operation Delta Sanity II. The month-long effort also nabbed vessels with illegal weapons and thousands of litres of illicit petroleum products. Navy spokesman […] The post Navy seizes vessels with illegal arms, crude oil in Niger Delta appeared first on The Sun Nigeria.

Politics

4 d. ago Local refineries importing substandard crude, PETROAN alleges

The Petroleum Products Retail Outlet Owners Association of Nigeria says some local refineries are importing substandard crude into Nigeria to cut costs. Speaking with our correspondent on Thursday, PETROAN National Publicity Secretary Joseph Obele said the refineries have been importing crude oil with high sulphur content into Nigeria. Asked to mention some of the refineries, Read More

Politics

5 d. ago Dangote’s contribution to Nigeria’s economy huge — Mimiko’s ex

Tribune Online Dangote’s contribution to Nigeria’s economy huge — Mimiko’s ex-aide A former Special Adviser on Political and Mobilisation Matters to ex-Governor Olusegun Mimiko of Ondo, Akin Akinbobola, has hailed the Dangote Refinery for sustaining production and distribution of quality petroleum products in Nigeria. Akinbobola who stated this on Tuesday in Akure, Ondo state capital, noted that Dangote’s contributions to Nigeria’s economy had been monumental and […] Dangote’s contribution to Nigeria’s economy huge — Mimiko’s ex-aide Tribune Online

Politics

6 d. ago NSCDC Confiscates 70,000 Litres Of Stolen Petroleum In Rivers

A long container truck carrying 70,000 litres of stolen petroleum products concealed in an integrated storage tank in Port Harcourt, Rivers State, has been seized by the Nigeria Security and Civil Defence Corps. In a post on X on Monday, the NSCDC stated that its Commandant General’s Special Intelligence Squad conducted the operation as part […] The post NSCDC Confiscates 70,000 Litres Of Stolen Petroleum In Rivers appeared first on Information Nigeria.

Politics

7 d. ago PICTORIAL: NSCDC seizes truck with 70,000 litres of stolen fuel

The Nigeria Security and Civil Defence Corps has impounded a long container truck containing 70,000 litres of stolen petroleum products hidden in an inbuilt storage tank in Port Harcourt, Rivers State. According to a post on Monday via X, the NSCDC noted that the operation was carried out by the NSCDC Commandant General’s Special Intelligence Read More

Politics

7 d. ago PICTORIAL: NSCDC seizes container truck with 70,000 litres stolen petroleum in Rivers

The Nigeria Security and Civil Defence Corps has impounded a long container truck containing 70,000 litres of stolen petroleum products hidden in an inbuilt storage tank in Port Harcourt, Rivers State. According to a post on Monday via X, the NSCDC noted that the operation was carried out by the NSCDC Commandant General’s Special Intelligence Read More

Politics

9 d. ago MRS, others raise petrol prices to N930 in Lagos, N960 in North

As a direct fallout of the recent suspension of sales of petroleum products in naira by the Dangote refinery, MRS filling station has effected a new price regime, raising its pump price to N930 per litre in Lagos and N960 for residents living in the northern part of the country. The new price regime, effective Read More

Politics

9 d. ago NNPC, SNEPCO donate vehicles, ambulance to boost security, healthcare in Lagos

Tribune Online NNPC, SNEPCO donate vehicles, ambulance to boost security, healthcare in Lagos The Nigerian National Petroleum Company Ltd (NNPC) and Shell Nigeria Exploration and Production Company Ltd (SNEPCo) have donated vehicles, including a specialised ambulance, in support of security and health services in Lagos State. The Lagos State Security Trust Fund (LSSTF) received two vehicles, while an intensive care unit ambulance was given to the Federal Medical Centre, Ebute Metta. NNPC, SNEPCO donate vehicles, ambulance to boost security, healthcare in Lagos Tribune Online

Politics

1 week ago PETROAN lauds NNPCL for running Port Harcourt refinery 180 days non

The Petroleum Products Retail Outlets Owners Association of Nigeria has commended the Nigerian National Petroleum Company Limited for successfully running the revamped Port Harcourt Refinery for 180 days non-stop National Public Relations Officer, Dr Joseph Obele, who gave the commendation in a statement on Tuesday, also commended the host communities for their cooperation and support Read More

Politics

1 week ago Polypropylene Production To Revitalise Textile Industry, Save Nigeria $267m – MAN

The Manufacturers Association of Nigeria (MAN) has stated that the production of polypropylene by the Dangote Petroleum Refinery and Petrochemicals will revitalise Nigeria’s struggling textile industry and save the country $267 million in import costs. The director-general of MAN, Segun Kadir-Ajayi stated this in an interview on the Channels Business Incorporated Programme. Kadir-Ajayi highlighted the […]

Politics

2 w. ago 2,125 illegal refineries destroyed, 700 vandals arrested in 2024 – Minister

The Minister of Interior, Dr. Olubunmi Tunji-Ojo, has revealed that in 2024, the Commandant General’s Special Intelligence Squad destroyed over 2,125 illegal refineries and oil dumps across the country. Speaking at the 5th Ministerial Press Briefing in Abuja on Thursday, Tunji-Ojo highlighted that nearly 205 trucks carrying illegally refined petroleum products were seized, and more Read More

Politics

2 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

2 w. ago 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

2 w. ago ‘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

3 w. ago Customs intercept 1,149 jerrycans of smuggled petrol at Taraba

The Nigeria Customs Service has intercepted 1,149 jerrycans of Premium Motor Spirit allegedly smuggled through the Dorofi and Kan Iyaka axis along the Gembu-Cameroon border in Taraba State. The Comptroller General of Customs, Bashir Adeniyi, disclosed this on Friday in Jalingo, the state capital, while auctioning the seized petroleum products to the public. Adeniyi said Read More

Politics

3 w. ago Local refineries will reduce fuel price, importation – Lokpobiri

The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, says local refineries will help in reducing the prices of refined petroleum products as well as the country’s dependence on imported fuel. Lokpobiri highlighted the importance of the downstream value chain of the petroleum industry to Nigeria and the commitment of the Federal Government to optimising Read More

Politics

3 w. ago “Reduction Of Petrol Price Affecting Our Businesses” – Marketers Tell FG

Oil marketers under the aegis of Petroleum Products Retail Outlet Owners Association of Nigeria have appealed to President Bola Tinubu’s led government to address fluctuation of oil prices in the sector. In a statement by PETROAN’s Spokesman on Monday, begged Federal Government to make a regulation that will stop price of petroleum from being changed […] The post “Reduction Of Petrol Price Affecting Our Businesses” – Marketers Tell FG appeared first on Information Nigeria.

Economics