NNPCL Cuts Petrol Price in Lagos and Abuja After Dangote Refinery Move
The Nigerian National Petroleum Company Limited has reduced petrol pump prices at select filling stations…
NNPCL Cuts Petrol Price in Lagos and Abuja After Dangote Refinery Move
The Nigerian National Petroleum Company Limited has reduced petrol pump prices at select filling stations in Lagos and Abuja, with cuts of up to N25 per litre. The adjustments followed Dangote Petroleum Refinery’s decision to lower its petrol gantry price by N25 to N1,325 per litre from N1,350, creating room for marketers and retailers to…
NMDPRA proposes ban on fuel price fixing, opens depots and pipelines to third parties
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has proposed new rules to ban fuel price fixing, hidden charges and other anti-competitive practices in the petroleum industry. The draft regulations would also force owners of pipelines, depots, jetties and storage terminals to grant qualified third parties fair access. The framework was presented at a…
Dangote Refinery Boosts Petrol Supply as Nigeria’s Imports Fall 26%
Nigeria’s domestic refineries received 683,000 barrels of crude oil per day in August 2026, up 16.75 per cent from 585,000 barrels per day in July. The increase came as Dangote Refinery raised petrol supply by 39 per cent to 35.9 million litres daily and Nigeria’s petrol imports fell 26 per cent to 14.6 million litres…
40MW plant set to boost Lagos power supply
Elektron Energy says its 40-megawatt power plant being developed in Victoria Island of Lagos is nearing commercial operation. The project, known as Victoria Island Power, was developed in partnership with Eko Power Ltd. and would begin commercial operation in December 2026. The company’s General Manager, Operations, Mr Nicholas Abolo-Tedi, disclosed this in a statement on…
Cooking Gas Prices Fall 40% From June Peak as NLCGA Pushes for Deeper Relief
Cooking gas prices in Nigeria have dropped by about 40 per cent from their June peak, following improved supply and closer collaboration among industry operators. The Nigeria Liquefied and Compressed Gases Association (NLCGA) disclosed the development at an industry event in Lagos. Lanre Baiyewu, Executive Secretary and Chief Executive Officer of the NLCGA, said the…
Petrol price hits N1,456 in Yobe as fuel costs shape 2027 campaign
Petrol is selling for between N1,385 and N1,456 per litre at Nigerian National Petroleum Company (NNPC) outlets, with private stations charging more in several states, pushing fuel back to the centre of the country’s political debate ahead of the 2027 general elections. The latest adjustments followed a N25 cut in Dangote Petroleum Refinery’s ex-gantry price,…
FG Begins CNG Tricycle Rollout for Youths Under CREDICORP Instalment Plan
UThe Federal Government has started distributing Compressed Natural Gas-powered tricycles to Nigerian youths under a financing arrangement that allows beneficiaries to pay in discounted instalments. The scheme is run by the Nigerian Consumer Credit Corporation (CREDICORP) with Sub-city Project Global Consult, and the distribution exercise took place in Yola, Adamawa State. The programme is designed…
Nigeria Produces 307 Million Barrels of Crude, Condensate in Six Months
Nigeria produced about 307 million barrels of crude oil and condensate between March and August 2026, data from the Nigerian Upstream Petroleum Regulatory Commission shows. Combined output averaged about 1.67 million barrels per day during the six-month period. The figures show production rose steadily from March to June before easing slightly in July and August….
NMDPRA Sets Target for Transition to Willing Buyer, Willing Seller Gas Market
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has set September 24, 2028 target for Nigeria’s domestic gas market to transition to a fully established willing buyer, willing seller framework. The Chief Executive of NMDPRA, Mallam Rabiu Umar, disclosed this on at the Gas Market Maturity Workshop, organised under the Decade of Gas initiative…
NMDPRA threatens to revoke licences of filling stations tampering with pumps
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it has observed incidents of under-dispensing of petroleum products at retail outlets nationwide. In a statement on Tuesday, it said it views the action as a serious breach of consumer trust that will not be tolerated. To safeguard the interests of consumers, all retail outlet…
