The Nigerian National Petroleum Company Limited (NNPC Ltd.) has dismissed suggestions of a possible sale of the Port Harcourt Refining Company, asserting that the facility will remain under government ownership as it undergoes comprehensive rehabilitation. Bashir Ojulari, Group Chief Executive Officer of NNPC Ltd., addressed the matter during a corporate town hall meeting held at…
A media think-tank aligned with Nigerian President Bola Tinubu has refuted opposition allegations that the federal government is preparing to sell off the country’s underperforming refineries. In a statement issued on Wednesday, the Tinubu Media Support Group (TMSG) condemned recent comments by the African Democratic Congress (ADC), which it accused of twisting statements made by…
Dangote Refinery has again, within a week interval reduced its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 per litre to N820 per litre, effective immediately. It would be recalled that the company last week reduced its ex-depot price from N880 to N840 per litre. With the assurance of a…
Nigeria’s Economic and Financial Crimes Commission (EFCC) has detained Umar Isa, a former Chief Financial Officer of the Nigerian National Petroleum Company Limited (NNPCL), in relation to a massive $7.2 billion fraud case tied to failed refinery rehabilitation projects. Isa, who was responsible for the financial management of the Kaduna, Warri, and Port Harcourt refineries…
A planned nationwide rollout of Premium Motor Spirit (PMS) distribution by Dangote Petroleum Refinery has been met with praise from fuel marketers and citizens alike, as anticipation grows over the potential to address Nigeria’s long-standing fuel distribution crisis. The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Rivers State commended the initiative, describing it as…
In a major milestone for Nigeria’s energy sector, Dangote Petroleum Refinery has revealed plans to begin distributing petrol and diesel across the country starting 15 August 2025, signalling a pivotal step towards energy self-sufficiency. The announcement was made in Lagos on Sunday by refinery spokesperson Anthony Chiejina, who disclosed that the company had purchased 4,000…
Aliko Dangote, Chairman of the Dangote Group, hailed the Dangote Petroleum Refinery and Petrochemicals Complex as a creation of President Bola Tinubu during the president’s visit to the site in Lagos on Thursday. “It is with great pleasure that I welcome Your Excellency to the Dangote Refinery and Petrochemicals Complex and to inaugurate this concrete…
Dr Titus Okunronmu, a former Director, Budgetary Department of Central Bank of Nigeria (CBN), has commended the Dangote Refinery for reducing pump price of petrol from N885 to N870. Okunronmu made the commendation in an interview with the News Agency of Nigeria (NAN) in Ota,Ogun on Tuesday. NAN reports that Dangote Refinery had on May…
The Nigeria Security and Civil Defence Corps (NSCDC), in collaboration with the Nigerian Army and Navy, has uncovered an illegal artisanal refinery and illegal petrol station in Anambra . The illicit facility was discovered at Y-Junction, Nkwelle Ezunaka, in Oyi Local Government Area of Anambra. NSCDC State Commandant, Mr Olatunde Maku, confirmed the operation in…
The Dangote Refinery has announced another reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N865 to N835 per litre. Anthony Echiejina, the Group Chief Branding and Communications Officer of Dangote, disclosed this in a statement on Wednesday in Lagos. Echiejina said that the price slash came after the…
