Browsing Tag
Petroleum
23 posts
MEMAN Urges Enhanced Truck Regulation Amid Apapa Congestion Concerns
MEMAN defends its members against allegations of causing tanker congestion in Apapa, citing effective automated call-up systems and calling for stronger enforcement of transit protocols.
Nigeria expects 300,000 bpd increase via 2026 licensing bid round
The Nigerian government is targeting a production increase of 300,000 barrels per day through its latest oil block licensing round, with plans already underway for a follow-up 2026 bid phase.
Dangote Refinery boosts fuel exports amid supply and currency hurdles
Dangote Refinery is prioritizing international fuel exports to offset severe local crude shortages and an inability to convert naira earnings into the foreign currency needed for operations.
Nigerian Navy Disrupts Illegal Oil Operations, Apprehends 91 Suspects
The Nigerian Navy neutralized 48 illegal refineries and detained 91 suspects, successfully recovering 4.69 million litres of stolen oil during the second quarter of 2026.
MRS stations close in Abuja following latest petrol price hike
MRS filling stations in Abuja have shut down for two days due to fuel shortages as petrol prices rise following the dollarization of the downstream oil sector.
International Oil Prices Jump by Over Four Percent
Global crude oil prices rose by over 4 percent due to Middle East tensions, causing local fuel price adjustments in Nigeria.
Dangote Refinery Addresses Rumors Regarding Petrol Sales Suspension
Dangote Refinery officially denies reports of halted petrol sales, clarifying that its 700,000-barrel-per-day operation continues as depot owners hike prices.
S&P Reports Dangote Refinery Insulates Nigeria from Global Fuel Price Spikes
According to S&P Global, the Dangote Refinery is stabilizing Nigeria's fuel market by keeping domestic prices steady while international costs, shipping rates, and supply challenges rise.
Depot operators align petrol prices with Dangote Refinery rates
Petroleum depot owners have lowered their ex-depot petrol prices to N1,075 per litre to match the rates recently established by the Dangote Refinery.
NMDPRA confirms deregulated fuel sector and strengthens consumer protection efforts
The NMDPRA has clarified that Nigeria's petroleum market is fully deregulated, with fuel prices set by market forces, while simultaneously ramping up consumer protection and monitoring efforts.