Energy
Abuja, Lagos rank among top 10 states with lowest petrol prices in Nigeria
The National Bureau of Statistics has revealed the states Nigerians are paying less to buy petrol in the country, with Oyo, Abuja, and Ogun included.
Fuel prices set to rise as Dangote Refinery increases cost to N955/litre
Dangote petroleum refinery has announced a 6% increase in the bulk price of fuel. The company tells the reason for the increase and when the price will take effect
Marketers give reasons for crashing petrol prices despite high crude prices
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has attributed the reduced cost of petroleum products to collaboration with the Dangote Refinery.
Dangote Refinery targets 650,000bpd output by June, eyes crude imports to bridge demand
Dangote refinery is set to start importing crude as it plans to ramp up production. Sources within the company detail when this plans will take effect
FG boosts CNG refuelling infrastructure with 36 new stations across Nigeria
The federal government is boosting CNG infrastructure in the country, by setting up more refuelling stations. So far, an additional 36 stations have been set up.
Marketers abandon other fuel for Dangote’s as depot owners increase price
After depot owners increased the ex-depot price, oil marketers are trying to benefit from the Dangote Petroleum Refinery's bulk-purchase agreement incentives.
Kyari says NNPCL remitted N10tn to FG, calls for forensic audit of fuel subsidy fund
GCEO of NNPC has urged the National Assembly to conduct an audit on the funds spent on subsidy in 2024. He says NNPCL remitted N10 trillion to FG
Marketers increase petrol prices amid high crude oil prices globally
Filling stations across Nigeria have increased their prices again in response to the soaring global crude oil cost, which traders say has crossed the $80 ceiling.
DisCos revenue falls by 5% as erratic power supply leads to lower electricity bill collection
Nigeria's epileptic power supply is now eating into DisCos revenue, as NERC report shows a decline in customer billings, and revenue for Nigerian DisCos.
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