Nigeria’s NNPC raises petrol prices again as Dangote fuel hits market
The latest increase is likely to add to public anger as Nigerians are already struggling with inflation of 33.4%, which has driven up transport costs and caused a cost of…
From Russia to Malta: How Matrix Energy – owned by Tinubu’s economic council member – imports dirty petrol to Nigeria
Leaked documents and extensive interviews with sources have unveiled how Africa’s biggest oil-producing country has been importing substandard petroleum products from Malta, a country with no known oil refineries. The…
Nigeria’s Tinubu directs NNPCL to sell crude oil to Dangote Refinery in naira
Aliko Dangote had accused Nigerian authorities and International Oil Companies (IOCs) of frustrating crude supply to his $20 billion refinery sited at the Lekki Free Trade Zone in the outskirt…
Petrol rises to ₦1,300/litre in Nigeria as depots run dry: report
Many depots for Premium Motor Spirit, popularly called petrol, are currently dry, leading to fuel scarcity and attendant queues in Nigeria’s Lagos, Ogun, parts of Abuja, Niger, and some other…
Oil producing communities in Nigeria threaten to shut down all pipeline facilities over unfair treatment of Dangote, modular refineries
Opeyemi Olamilekan The Host Communities of Nigeria Producing Oil and Gas, HOSTCOM, over the weekend, threatened to renew agitation for greater autonomy and control of their natural resources, if the…
Nigeria’s fuel imports from Malta jumped 43 times in 10 years: data
Agency Report Following Aliko Dangote’s allegations of illegal activities in the petroleum sector, involving blending plants in Malta, a data has revealed that Nigeria’s oil imports from Malta have skyrocketed…
Nigeria’s fuel subsidy payment exceeds ₦700 billion monthly; marketers warn Nigerians should prepare for pump price hike
Olayomi Koiki Abuja – The Independent Petroleum Marketers Association of Nigeria (IPMAN), has said Nigeria’s fuel subsidy expenditure might cross N700 billion monthly. The Secretary of IPMAN, Abuja-Suleja, Mohammed Shuaibu…
How NNPC folks opened plant in faraway Malta, bring in poor products with fake certificates – Dangote
Aliko Dangote, Nigerian billionaire businessman and industrialist has accused some people in the Nigerian National Petroleum Corporation (NNPC) of importing fake petrol products into the country. Dangote made this known…
Nigeria’s NNPC stake in Dangote refinery reduced over non-payment, CEO tells paper as the national oil company rebuts Africa’s richest man’s claims
Morakinyo Akinosun LAGOS – Nigerian state-owned oil firm NNPC shareholding in Dangote refinery has been whittled down to 7.2% from 20% after failing to pay the balance of funding owed,…