Petrol Dispatch from Dangote Refinery Signals Revival of Local Refining and Industrial Growth – FG In a significant development that signals Nigeria’s re-emergence as a hub of industrialisation and local refining, the Federal Government announced the commencement of petroleum lifting from the Dangote Petroleum Refinery and Petrochemicals. This milestone, which is being hailed as a…
NUPRC Pushes for Faster Dispute Resolution in Nigeria’s Oil and Gas Sector. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called for the establishment of Alternative Dispute Resolution Centers (ADRCs) within oil-producing regions, aiming to expedite the resolution of disputes in the upstream oil and gas sector. This initiative was highlighted during a Stakeholders’ Engagement…
Diversify Transportation of Petroleum Products Now, Adebawo challenges Operators Sola Adebawo, General Manager of Government Joint Ventures and External Relations at Heritage Energy, has called for the urgent diversification in the transportation methods of petroleum products within Nigeria. He asserted that “currently, 98% of refined petroleum products in the country are transported by road, which…
Hunger Protests: Fuel Supply Halts, Queues Resurface Across Nigeria Oil marketers have attributed the reappearance of queues at filling stations in numerous states to a halt in the supply of petroleum products. This action was taken by dealers to protect their assets amid the ongoing nationwide hunger protests. Several states, including the Federal Capital Territory,…
Nigeria imported $2.08 billion fuel from Malta alone in 2023 Emerging details have revealed allegations of some Nigerians owning blending plants in Malta, coinciding with a surge in Nigeria’s fuel imports from the small European nation. According to World Bank data, Malta, with a population of 531,113 in 2022, became a significant fuel supplier to…
Dangote Oil Refinery Denies Allegations of Reselling Crude Oil The Dangote Oil Refinery has refuted claims that it has been reselling cargoes of crude oil purchased from the United States and Nigeria to other traders. Tony Chiejina, the spokesperson for the Dangote Group, labeled these reports as blatant falsehoods. Reuters had reported that technical problems…
WVL-N Project: Minister Lauds ActionAid for Support on Women, Girls’ Issues. Lagos, Nigeria – Mrs. Uju Kennedy-Ohanenye, the Minister of Women Affairs, commended ActionAid Nigeria for its supportive role to the Federal Ministry of Women Affairs over the years. The commendation was given during the Women’s Voice and Leadership Project (WVL-N) close-out event in…
Dangote lists refinery shares in March, supplies petrol in August. Alhaji Aliko Dangote, President and CEO of Dangote Industries Limited, announced that the Dangote Petroleum Refinery will be listed on the Nigerian Exchange by the end of March 2025. This comes as the refinery delays the supply of Premium Motor Spirit (PMS) to August 2024,…
NEITI Urges Nigerian Government to Implement Report on Oil Theft and Vandalism. The Nigeria Extractive Industries Transparency Initiative (NEITI) has called on President Bola Tinubu to revisit and implement the recommendations of the Presidential Investigation Panel on oil theft, vandalism, and sabotage. This appeal was made by NEITI Executive Secretary Dr. Orji Ogbonnaya Orji…
Nigeria Borrows N3.9 Trillion as Economic Crisis Deepens. Amid escalating living costs, Nigerians have increasingly turned to credit facilities, borrowing a total of N3.82 trillion from banks as of January 2024, according to the Central Bank of Nigeria (CBN). The latest monthly economic report reveals a significant rise in consumer credit, reflecting the impact of…
