Energy
Marketers react, adjust pump prices as petrol landing cost drops
Petroleum oil marketers have made price adjustments at filling stations in anticipation of further price crashes by NNPC and Dangote due to a fall in landing costs
Oil marketers disagree on petrol pricing proposal as NNPC, Dangote reduce fuel prices
The Independent Petroleum Marketers Association of Nigeria has reacted to the six-month petrol stability proposal by the Petroleum Products Retail Outlet Owners.
Dangote, NNPC to crash petrol prices again as landing cost drops
The landing cost of petrol has crashed again to N797.83 per litre from N851.76 as of Friday, March 14, 2025. The development may spark another price war.
Dangote exposes fraudulent video luring Nigerians into investment scheme with his face
The Dangote group has distanced Aliko Dangote and has asked Nigerians to be very careful following the viral fraudulent video asking for investments.
Nigeria missing on list of countries with highest fuel costs after Dangote crashed price
Due to shifts in the global oil market, currency devaluation, and reductions in subsidies, the monthly fuel prices in some African nations rose significantly.
Marketers lament as over 400 filling stations remain shut down after FG’s order
Since 2019, approximately 400 independent oil marketers' filling stations in border villages have remained shut due to the federal government's directive.
Nigerian stock market opens first trading in the week with N8bn loss
The Nigerian stock market investors continued their poor performance as it started the new week on a low costing investors over N8 billion in just hours of trading.
Petrol price war: Oil marketers slash costs, reduce purchases amid huge losses
Petroleum product marketers have projected that the price war between the Dangote Refinery and the NNPC could lead further price reductions to N500 per litre.
Niger faces deep fuel crisis as petrol sells for N8,000 per litre, refinery chief gives reasons
The fuel crisis in Niger has reached a boiling point as the country's citizens now buy petrol at N8,000 per litre. The refinery chief explained the reason.
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