Energy
More competition as petrol landing cost drops below N800 per litre
The cost of importing Premium Motor Spirit, also known as petrol, into Nigeria has dropped amid a price war between marketers and Dangote Petroleum Refinery.
FG confirms status of naira for crude oil agreement between NNPC and Dangote
Heineken Lokpobiri, the Minister of Petroleum Resources (Oil), has denied claims that its crude oil for naira deal has been cancelled by the NNPC limited.
Marketers not happy with NNPC, Dangote’s sudden fuel price reduction to N860 per litre, give reasons
Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has sent a message to NNPC limited and also Dangote refinery on fuel price changes.
Petrol marketers cry out against monopoly, unfair practices as ex-depot petrol price falls
In the midst of the intense price war in the petroleum industry, PETROAN warned Tuesday against monopolies and unfair competition in the downstream oil sector.
Another investor acquires 20% ownership in Port Harcourt refinery
The Nigerian Content Development and Monitoring Board has taken up 20% equity stake in the Port Harcourt refinery managed by African Refinery Group.
More jobs for Nigerians as 74 Chinese companies move to invest in Nigeria’s oil industry
About 74 Chinese companies have indicated willingness to invest in Nigeria's oil and gas industry to boost investment and job creation in Nigeria.
Naira-for-crude deal still in place as NNPCL sells 84 million barrels to Dangote Refinery
Though the six-month naira for crude deal is soon to come to an end, the policy framework on which it is based is still in place, and supply will continue.
Petroleum product marketers kick against monopoly as Dangote, NNPC engage in price war
The Petroleum Product Retail Outlets Owners Association of Nigeria (PETROAN) has asked industry regulators to allow them to continue to import products.
Fuel cost to crash as importers begin negotiating reduction amid Dangote, NNPC price war
Due to intense competition between NNPC Retail Ltd. and Dangote Refinery, importers are struggling to stay afloat and searching for alternative markets.
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