Energy
Aliko Dangote explains decision to reduce petrol price
The Dangote refinery decided to reduce petrol prices, which sparked changes in the pump price across fuel stations, including that of the NNPC Limited.
NNPC finally crashes petrol price, sells below Dangote, MRS rate
Following a decline in the ex-depot price of petroleum, generally referred to as premium motor spirit (PMS), the NNPCL has finally reduced the price of its pump.
FG says 3 African countries owe Nigeria $5.7 million in electricity bill in 2024
The Nigerian Electricity Regulatory Commission (NERC) has said that international customers in Benin Republic, Togo and Niger Republic owe Nigeria $5.7m.
Port Harcourt refinery resumes petrol loading as Dangote, NNPC crash petrol below N900 per litre
The Port Harcourt refinery has resumed petrol loading after one, following a report that it ceased operations after a week, leading to NNPC refuting the claim.
NNPC, MRS slashes fuel prices in Lagos, Abuja, Ogun, other states
The Nigerian National Petroleum Company Limited (NNPCL) and MRS retail stations are selling fuel at a reduced price following Dangote Refinery’s ex-depot price cut.
Oil marketers hint at further petrol price cuts as NNPC, Dangote announce cheaper fuel
PETROAN has indicated that the recent petrol price reduction by the NNPCL and the Dangote Refinery is expected to drive competition among marketers.
Nigeria leads oil-producing countries in Africa with highest petrol prices despite subsidy removal
Nigeria has emerged as one of the leading oil-producing countries in Africa with the highest petrol prices, coming second only to Gabon in recently released data.
Nigerian energy firm set to secure petroleum mining lease, drill 2 oil well
By end of the second quarter of 2025, Ardogreen Energy Limited intends to obtain a Petroleum Mining Lease for the Olua Field under Petroleum Prospecting Licence 203.
Mobil, TotalEnergies, Conoil announce new petrol price
According to an investigation, even after the NNPC and Dangote Refinery reduced the price,petrol is still selling for more than N1000 a liter at gas stations.
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