Rising pump prices forced Nigerian consumers to cut petrol, diesel and cooking gas consumption during the first half of 2026 as higher energy costs squeezed household incomes and raised transportation and production costs. An analysis of the H1 2026 Downstream Industry Analysis Report by the Major Energy Marketers Asso…

…years now. People sleep on the road at that portion, and scores of people died when a petrol tanker caught fire at that spot in 2020. David Umahi visited that spot when he assumed office as minister in 2023. He promised immediate action on the road. It has been a crawling action movie since then. The road has gotten wo…

…strengths, Lumumba challenged the state to replicate Norway’s prudent management of petroleum wealth. Delta, Anambra should become Nigeria’s twin growth hubs—Soludo Governor Chukwuma Soludo of Anambra State has called for deeper economic collaboration between Delta and Anambra states, describing both as natural “twin g…

…significance of the refinancing arrangement. The approval allows the Nigerian National Petroleum Company Limited to refinance the outstanding balance of approximately $1.5bn under the original 2023 facility while unlocking an additional $3bn in liquidity to strengthen Nigeria’s external reserves and support ongoing fis…

…per cent in December 2022 to less than 60 per cent today,”he stated. On the removal of petrol subsidy, the presidential aide argued that the policy had strengthened the finances of states and local governments. “The visible consequence of subsidy removal has been the sharp improvement in revenues accruing to states and…

NNPC has released new petrol pump prices across its filling stations nationwide, with Lagos and Abuja recording fresh reductionsMotorists in Lagos now pay N1,265 per litre after a N35 cut, while Abuja's pump price falls by N15 to N1,335Bayelsa and Akwa Ibom have the cheapest NNPC petrol price at N1,235 per litre, while…

…that the bypass is widely used by trucks conveying agricultural produce, livestock, petroleum products and manufactured goods between Kano and neighbouring states, making its condition vital to regional trade and logistics. “The maintenance project, which commenced on July 23, is expected to be completed within the nex…

…the immediate resignation of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, citing a pattern of financial opacity and weak accountability in how the nation's oil assets are managed.The Association of Energy Policy and Development Consultants (AEPDC) made the…

…per cent of the country’s Domestic Gas Delivery Obligation target, the Nigerian Upstream Petroleum Regulatory Commission has disclosed. The development highlights a persistent gap between gas allocated for domestic use and the actual volumes delivered to industries, power plants and other local consumers, prompting the…

The Nigerian National Petroleum Company (NNPC) Ltd has deployed more than 1,000 young professionals into its workforce, saying its recruitment process is based on merit rather than personal connections or place of origin. The Group Chief Executive Officer of NNPC Ltd, Bayo Ojulari, disclosed the development in a post s…

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…from the Federal Ministry of Industry on a tour of the 700,000 barrels-per-day Dangote Petroleum Refinery, Dangote Petrochemicals complex and Dangote Fertiliser Limited in Lagos, according to a statement issued on Wednesday by the Dangote Group. Reflecting on the refinery project, Dangote described it as the biggest bu…

The Nigerian National Petroleum Company Limited (NNPC) and FIRST Exploration & Petroleum Development Company (FIRST E&P) Joint Venture (JV) for PML 53 and PML 54, in collaboration with the Nigerian Conservation Foundation (NCF), have officially begun the transplantation of 100,000 nursery-raised indigenous tree seedlin…

Dangote Petroleum Refinery formally submitted an IPO application to Nigeria's Securities and Exchange CommissionThe SEC director-general said the regulator sees no obstacles that should prevent the planned September listing from going aheadThe application comes days after the refinery closed a $2.5 billion private plac…

…Sudanese asylum seeker jailed after showing up at a school with arsenal of weapons and petrol to 'start a fire' A South Sudanese asylum seeker has been sentenced to prison for two years after arriving at a school carrying an arsenal of weapons and containers of petrol in what prosecutors described as a plan to start a…

…identified simply as Ibrahim. The attackers also attempted to invade the residence of a petroleum dealer, Salisu Azaria, but fled after security personnel responded to the area. The source further disclosed that the bandits later proceeded to the Low-Cost area of the town, where they abducted a university lecturer, Dr.…

By Gift ChapiOdekina, Abuja The House of Representatives Committee on Petroleum Resources (Downstream) has begun efforts to resolve differences between petroleum importers and domestic refiners as part of measures to strengthen Nigeria’s downstream oil and gas sector. The committee on Tuesday held an interactive sessio…

…Festus Ahon, following the Delta Central APC Stakeholders' Strategic Meeting held at the Petroleum Training Institute Conference Centre, Effurun. Delta Governor Sheriff Oborevwori According to the statement, party leaders, stakeholders and members unanimously backed the candidates while also calling for unity and inten…

…subsidies by N1 trillion annually.” He said the elimination of subsidies on white petroleum products has improved economics for alternative power sources relative to self-generation (now 1,700 MW of solar panels imported into Nigeria annually, adding that recent reforms in oil and gas have resulted in $10 billion in FI…

…point. Before Tinubu and the opening of the largest single chain refinery in Nigeria, petrol price never reached N600 per litre. Today, after reform and the refinery, the price averages N1,200 per litre – without any increase in workers pay. Nobody needs a doctorate degree in Economics to know who is gaining and who is…

…market over the past 13 months. An analysis of the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s latest petroleum supply statistics showed that between June 2025 and June 2026, there was no recorded import of aviation fuel by Oil Marketing Companies, making domestic refineries the exclusive source…

…a Nigerian national. The GECF is headquartered in Doha. Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, currently serves as Chairman of its ministerial meetings.

…and Accountability Project (SERAP) has initiated a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) for its failure to clarify and account for ₦211 trillion in oil revenue recorded in its 2023 audited financial statements under the categories of “Sundry Receivables” and “Accrued Expenses.” Accord…

Dangote Petroleum Refinery resumed diesel sales after an eight-day halt, but marketers will now pay more at the loading gantryThe new gantry price marks a ₦150 rise from the previous rate, driven by climbing international crude oil costsThe price change is expected to push up ex-depot diesel prices nationwide, hittin…

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